Utah Real Estate Market October 2020

This year has been crazy in so many ways, and the real estate market is no different. Low inventory, low-interest rates, and population growth are a triple combination to create the most insane home value growth I’ve ever seen! 

Now, if you are a numbers nerd like me, you can check out our October housing statistics for October below. 

What other questions do you have for us right now? 

1) Salt Lake County - October

• Sales Volume: $753,342,078.00 in 2020 vs. $635,270,592.00 in 2019

• Median home sale price $387,000.00 in 2020 vs. $345,025.00 in 2019

• Cumulative Days on Market:  8 in 2020 vs. 26 in 2019

• Home sale count: 1,659 in 2020 vs. 1,632 in 2019 

• Price per sq. ft $185.59 in 2020 vs. $161.81 in 2019 –a difference of $23.75 per sq. ft.

• Median list to sold price 101% in 2020 vs. 99% in 2019

2)   Utah County – October

• Sales Volume: $400,888,870.00 in 2020 vs. $325,338,154.00 in 2019

• Median home sale price: $365,000.00 in 2020 vs. $334,000.00 in 2019

• Cumulative Days on Market: 8 in 2020 vs. 33 in 2019

• Home sale count: 962 in 2020 vs. 927 in 2019

• Price per sq. ft $155.17 in 2020 vs. $137.35 in 2019  – a difference of $17.80 per sq. ft.

• Median list to sold price 101% in 2020 vs. 99% in 2019 

3)   Davis County – October

• Sales Volume: $192,499,956.00 in 2020 vs. $172,949,725.00 in 2019

• Median home sale price $380,000.00 in 2020 vs. $336,827.00 in 2019

• Cumulative Days on Market: 6 in 2020 vs. 23 in 2019

• Home sale count: 473 in 2020 vs. 482 in 2019

• Price per sq. ft $165.14 in 2020 vs. $141.93 in 2019 –a difference of $23.21 per sq. ft.

• Median list to sold price 101% in 2020 vs. 99% in 2019

These numbers only account for homes that were sold on the Multiple Listing Service so much of the new construction is not factored in.

Let us know if you have any questions about these numbers or have any other real estate questions that I can answer, I am always here to help!