April Market Update

by Joe Pierson

Home

๐Ÿ“Š Market Overview โ€“ March 2026

๐Ÿ  Homes Sold

  • 3,385 homes sold, which is up 7.02% from March 2025
    • 2,538 single-family homes
    • 847 condos/townhomes

โžก๏ธ This is a strong jump in activity โ€” buyer demand picked up significantly compared to last year.


โณ Median Days on Market

  • 41 days on market
  • Down 30.51% from last month (59 days)

โžก๏ธ Homes are selling much faster, signaling a more competitive spring market kicking in.


๐Ÿ’ฐ Pricing Trends

  • Median price per sq. ft.: $233.67

Single-Family Homes

  • $565,000 median price
  • Up 1.80% year-over-year

Condos / Townhomes

  • $410,000 median price
  • Down 2.38% year-over-year

โžก๏ธ Single-family homes continue steady appreciation, while condos are still slightly softening.


๐Ÿ“ฆ Residential Inventory

  • 5,837 new listings (2026)
  • 5,431 new listings (2025)

โžก๏ธ Inventory is up ~7.5% year-over-year, meaning:

  • More options for buyers
  • Slightly more competition for sellers

๐Ÿ” Key Takeaways

๐ŸŸข For Buyers

  • More listings available, but homes are selling quickly again
  • Need to be ready to act fast in a competitive spring market

๐Ÿ”ด For Sellers

  • Strong demand + faster sales = great timing to list
  • Pricing still matters with rising inventory

๐Ÿ“ˆ For Investors

  • Single-family homes remain stable appreciating assets
  • Condo market may present buying opportunities

๐Ÿ“Œ Bottom Line

March 2026 shows a strong spring rebound:

  • Sales are up significantly
  • Homes are selling much faster
  • Inventory is rising, but demand is keeping pace

๐Ÿ‘‰ Overall, this is a healthy, active market leaning slightly toward sellers, especially in the single-family segment.

Joe Pierson

+1(801) 400-2870

joe@joepiersongroup.com

731 E 2200 N, Lehi, UT, 84043

GET MORE INFORMATION

Name
Phone*
Message