Utah started 2025 with a total of 7,087 single-family homes on the market, with a median home price of $649,900 and an average price per square foot of $309.84. By the end of the year, inventory had increased to 8,570 homes on the market (+21%), with a median home price of $637,447.5 (-2%), and an average price per square foot of $308 (-1%).
At the start of 2025, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 91 days.
Utah started the year with 35.88% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 39.84% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Utah started 2025 as a buyer's market, with an MAI score of 28; by the end of the year, the MAI had increased to 36 – a seller's market.Market Update for June 15, 2026
