Utah Real Estate Market Update: July 2025 Stats & What They Mean for You

Navigating the Utah real estate market requires the latest data and local expertise. Here at Utah Digs, we're breaking down the numbers from July 2025 to give you a clear picture of what's happening. The market is showing signs of a dynamic shift, with a significant increase in inventory alongside steadily rising home values. This presents unique opportunities for both buyers and sellers across the Beehive State.

Let's dive into the statistics, sourced directly from the official Wasatch Front Regional MLS report, and explore what it means for your real estate goals.

Market Snapshot: More Homes, Steady Demand

This July, the biggest story is the surge in available homes. This is a critical development for anyone considering a move.

• Total Active Listings: 13,561

• Year-Over-Year Change: A substantial 30% increase from July 2024.

This boost in inventory gives buyers more choices and a little more leverage than they've had in recent years. For sellers, it underscores the importance of strategic pricing and top-notch marketing to make your property stand out.

Even with more listings, buyer demand remains strong, with sales volume seeing a healthy year-over-year increase.

• Total Homes Sold: 3,598 (a 3.6% increase from the previous year)

  1. Single-Family Homes: 2,655 sold

  2. Multi-Family Homes (Condos/Townhomes): 943 sold

Home Prices: Tracking Your Investment

Home values in Utah continue to appreciate, a trend that impacts everyone from first-time buyers to seasoned investors. Whether you're exploring the vibrant neighborhoods of the Salt Lake City area or the luxury mountain lifestyle in Park City, these median prices provide a valuable benchmark.

Median Sales Price by Property Type

• Single-Family Homes: The median price hit $587,000.

• Townhouses & Condos: The median price was $409,000.

Another key metric is the price per square foot, which offers a standardized view of value. In July, the median price per square foot was $234.05.

Thinking of selling? Knowing your home's current value is the first step. With prices constantly shifting, an automated estimate is a great starting point. You can get your free, instant home valuation here.

Market Pace: How Long Will It Take to Sell?

While the market is still moving quickly, homes are staying on the market just a little longer, giving buyers more time to consider their options.

• Median Days on Market: 38 days

This is a slight increase from 34 days in June. This minor slowdown, paired with higher inventory, points toward a more balanced and sustainable market. For buyers, this means less pressure to make a snap decision. For sellers, it's a reminder to work with an agent who can create a powerful marketing strategy to attract the right buyers in a timely manner.

Whether you're looking to buy, sell, or simply stay informed, these latest figures provide a crucial look at the opportunities in Utah's incredible real estate market.