September 2025 Utah Housing Market Update

As summer winds down, Utah’s housing market continues to shift—giving buyers more choices and reminding sellers that strategy matters more than ever.

Here’s what the August numbers reveal:

New Listings: 5,294 (down 2.8% YoY), though year-to-date listings are up nearly 10%, showing more seller activity overall.

Pending Sales: 3,553 (down 4.0% YoY), with buyers taking more time to make offers.

Closed Sales: 3,899 (up 1.3% YoY), proving that transactions are still happening even as affordability challenges weigh in.

Days on Market: Homes averaged 63 days to sell—up 21.2% from last year, giving buyers more breathing room.

Median Sales Price: $520,000 (up 4.0% YoY), with steady appreciation despite slower demand.

Average Sales Price: $679,456 (up 5.3% YoY), reflecting strength in higher-end transactions.

Percent of List Price Received: 95.9% (down slightly 0.8%), indicating buyers have modest negotiating room.

Inventory of Homes for Sale: 16,082 homes (up 17% YoY), one of the largest jumps in recent years.

Months Supply of Inventory: 4.5 months (up 12.5%), signaling a market slowly shifting toward balance.

Affordability Index: 73 (down 6.4%), showing that affordability continues to be the biggest challenge for buyers.

For Buyers: More homes on the market and longer days to sell mean options and leverage are improving.
For Sellers: Pricing competitively and preparing your home well is critical as buyers gain negotiating power.
For Investors: Rising inventory paired with consistent price growth signals opportunity for strategic purchases.

The market is walking a fine line between growth and balance, and as always—strategy is key.

Here is some of the data we reference in the podcast.