Top 10 Highest Median Single-Family Home Prices along the Greater Wasatch Front
Salt Lake County home prices climbed to an all-time high in the third quarter, according to the Salt Lake Board of Realtors®. The median single-family home price in the July-through-September period reached $381,500. That’s up 7.5 percent compared to a median price of $355,000 in last year’s third quarter. Just three years ago, the median single-family home price reached $300,000, which was then an all-time high price. The previous peak home price was in the third quarter of 2007, when home prices topped $256,000 (or $298,085 in inflation-adjusted dollars). Home prices increased across all Wasatch Front counties including: Davis, up 6.2 percent; Tooele, up 2.6 percent; Utah, up 4.4 percent; and Weber, up 10.3 percent. Sales of single-family homes in Salt Lake County were flat (up 0.7 percent) in the third quarter year-over-year. Davis County saw sales increase 9.8 percent. Sales in Tooele County were up 4.7 percent. Utah County sales were up 11.8 percent. Sales in Weber County were up 12.1 percent. In the third quarter, the typical Salt Lake home was on the market 37 days before it sold – six days longer than the average time for a home to sell during the third quarter of 2018
How to Determine Home Value
To determine a home's value, consider various methods including online automated valuation models (AVMs), which use public records and recent sales data. For a more detailed assessment, a comparative market analysis (CMA) from a local agent or a professional...
The Minimum Savings You Need to Retire in Utah
Utah ranks #15 among the most expensive states to retire based on the minimum savings needed Minimum savings needed to retire in the state: $1,083,951 Annual cost of living (total expenditures): $65,795 Annual Social Security income: $22,523.40 Annual expenditures...
Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day...
Happy Flag Day
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired...
Why Everyone’s Moving to Utah
Utah ranks as the best state to live in for the 3rd consecutive year. Residents enjoy a mix of urban life in Salt Lake City and scenic small towns like Midway. It stands out for its fiscal stability, family-friendly communities, and outdoor recreation. A lower cost of...
Utah’s Home Values and Mortgage Balances Over 5 Years
Avg home value in 2025: ~$550K Change: ↑ 42% from ~$367K in 2020 Avg mortgage balance in 2025: ~$312K Change: ↑ 39% from ~$225K in 2020 US national 5-yr growth: • Home value: ↑ 40% • Mortgage balance: ↑ 24%
June is National Homeowners Month
In recognition of National Homeowner Month, it's essential to shed light on the multifaceted value that homeownership brings to individuals, families, and communities at large. This observance not only celebrates the achievement of owning a home but also delves...
Utah Tops Nation in Income vs. Cost of Living
Utah ranks #1 nationally for household income adjusted for cost of living, boosting real buying power. Utah’s diversified economy and strong GDP growth fuel rising household wages despite high housing costs.
Governor meets with mayors about boosting housing stock, announces dashboard to view progress
Utah aims to build 35,000 starter homes in four years to address housing affordability. Gov. Spencer Cox met with 48 mayors to discuss progress, noting 5,100 homes are underway but more effort is needed due to population growth. Cities like Clearfield and Herriman...
Here’s How to Start Collecting Passive Income from Real Estate for Less Than $100.
Investing in rental properties requires a large upfront investment, but Real Estate Investment Trusts (REITs) offer a more affordable and passive alternative. Companies like Invitation Homes and Equity Residential allow investors to access rental properties for a...