Utah's new housing data was just released, and many of you are going to be surprised. I'm going to compare the most recent data to last month's numbers. Nearly 2,900 homes were sold in April 2023, and almost 3,400 homes were sold this last month. That's a month over month increase of about 500 houses sold.
Homes sold six days faster, dropping from 29 days to only 23 days. The median price per square foot jumped by more than $5 up to $225.96. The median sold price for a single family home increased by $4,000, going from $537,000 in April to $541,000 in May. This is the fourth consecutive month that home prices have increased.
If you're trying to time the market to get the best deal, you're too late. The data shows that you've already missed the bottom. Prices are increasing and homes are selling faster. If you need to buy a home, you need to start looking, well, yesterday.
Related Articles:
Utah’s housing market is often described with headlines that oversimplify reality. This guide explains what is actually happening with prices, inventory, interest rates, and affordability across Utah’s different micro markets.
When planning for retirement, many people rely on real estate to build wealth for the future. In Utah, where home prices have been climbing steadily in recent years, real estate can be a smart investment.
A data-driven news article examining Utah's 2026 vacant land market, comparing the state's $15,000 per acre average against neighboring states and breaking down the internal pricing factors that drive Utah's wide land value range.
Whether you're a first-time buyer or a seasoned investor, choosing between Utah and Nevada real estate can feel overwhelming. Both states offer compelling opportunities, distinct lifestyles, and a wide range of housing options — but understanding the key differences can help you make a smarter, more confident decision.
Access all your saved properties, searches, notes and more.
Access all your saved properties, searches, notes and more.
Enter your email address and we will send you a link to change your password.
I agree to receive marketing and customer service calls and text messages from Best Utah Real Estate. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.
Listings displayed on this website are provided via IDX. The website owner is not the listing broker or agent unless explicitly stated.
Your trusted MLS search companion
