📊 2025 So Far: Utah Real Estate in Review
At the halfway point of 2025, Utah’s housing market remains steady, with moderate appreciation, increased listings, and buyer demand still outpacing supply in key regions. Here's what the statewide data is telling us—and what it could mean heading into the second half of the year.
🏠 Median Price Trends
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Statewide Median Price per Sq. Ft.: $236.61
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Single-Family Homes: $585,000 (⬆️ 0.9% YoY)
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Multi-Family Homes: $409,000 (⬇️ 0.2% YoY)
💡 Insight: Price growth is slow and steady—far from the spikes seen during the pandemic boom years. This stability is a sign of a healthier, more sustainable market.
📈 Inventory & Sales Activity
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Homes Sold (YTD June 2025): 3,539 total
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2,613 Single Family
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926 Multi-Family
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Listings Entered (Jan–June 2025): 5,596 (⬆️ from 5,186 in 2024)
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Median Days on Market: 34 (⬆️ from 33 last month)
💡 Trend to Watch: Inventory is growing year-over-year, helping ease some pressure on buyers—yet quality, move-in-ready homes are still in high demand.
🏘️ County Breakdown: Mid-Year Active Listings
Salt Lake County
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2,049 Active Single Family | 1,113 Active Townhomes/Condos
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Median SF Price (last 180 days): $610,000
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Median Condo/Townhome Price: $434,990
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Avg. DOM: 29 (SF) | 40 (Condos/Townhomes)
Utah County
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2,097 Active Single Family | 892 Active Townhomes/Condos
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Median SF Price: $600,087
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Median Condo/Townhome Price: $400,470
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Avg. DOM: 37 (SF) | 32 (Condos/Townhomes)
💡 Hot Markets: Herriman, Lehi, and Eagle Mountain are top picks for first-time buyers seeking value and growth potential.
💵 Mortgage Rate Snapshot
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January 2025: 6.625%
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June 2025: 6.375%
Rates are trending down slightly, helping affordability. The Fed has remained cautious with rate changes, and no sharp increases are expected through fall.
💡 Tip for Buyers: Now is the time to negotiate with builders or secure a lower interest rate on quick-move-in homes.
🔥 New Construction Deals
Builders across Utah are adjusting pricing and offering below-market interest rate incentives.
➡️ Example: One buyer recently secured a new build listed at $680K for $600K!
💡 Pro Tip: These incentives won’t last long as inventory tightens in fall. Reach out now to learn which communities are offering the best deals.
🔮 What to Expect in Q3 & Q4
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More Listings in Late Summer: Especially as school starts and families make a move.
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First-Time Buyer Rebound: Down payment assistance + builder incentives are luring new buyers.
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Balanced Growth: Expect slow, steady appreciation as we move into the fall.
💡 Expert Insight: This is a strong window of opportunity. Sellers benefit from buyer motivation, while buyers gain leverage with more choices and better interest rates.
📞 Final Thoughts
Whether you're buying, selling, or investing, understanding Utah’s real estate trends gives you a competitive edge.
📊 Want a custom market breakdown for your city?
📞 Book a call with Move Utah Real Estate and let’s map out your plan before the next market shift.
