November 2025 Market Overview

📊 Market Overview – October 2025

🏠 Homes Sold

• 3,281 total homes sold, up 0.06% from October 2024.

  • 2,448 single-family homes

  • 833 condos/townhomes

• This shows the market is holding steady, with a very slight increase in year-over-year sales volume, suggesting stable buyer activity.

⏳ Median Days on Market

• 45 days on market, up from 43 days last month.

  • Homes are taking a little longer to sell, hinting at seasonal slowing or increased inventory competition.

💰 Pricing Trends

• Median Price per Sq. Ft.: $233.54

• Single-Family Homes:

  • Median Sold Price: $574,995

  • Up 0.79% from last October

  • Still appreciating, though growth has cooled compared to earlier in the year

• Condos/Townhomes:

  • Median Sold Price: $410,000

  • No year-over-year change (0% difference)

  • Indicates price stabilization in the attached housing segment

📦 Residential Inventory

• 4,978 listings entered in October 2025

• Compared to 4,659 listings in October 2024

  • This is a 6.84% increase in inventory

  • Buyers are benefiting from greater selection, potentially reducing urgency and increasing negotiation leverage

🔍 Key Takeaways

✅ For Buyers:

• Inventory is increasing and homes are sitting a bit longer, offering more time and flexibility in the search process.

• Prices are stable in condos and only slightly increasing in single-family homes — a balanced moment to buy.

✅ For Sellers:

• While the market is still healthy, homes are not selling as quickly as in previous months.

• Pricing correctly from day one and ensuring strong presentation will be essential.

✅ For Investors:

• Flat condo pricing may represent good entry points.

• Single-family homes still offer modest appreciation, continuing to show long-term value.

🧾 Bottom Line

October 2025 reflects a stabilizing real estate market in Utah — with steady sales, moderate inventory growth, and tempered price appreciation. Buyers and sellers are on more even footing, making it a balanced market where strategy and timing matter more than ever.