As we pass the midway point of 2021, how do the year-to-date (January through the end of June) stats compare to what we saw last year? Here’s a quick breakdown of our marketplace.
The entire MLS: The average sale price in 2020 was $391,000, and the average days on market for homes was 41 days. This year, the average sale price has been $530,000, and the average days on market for homes has been 22 days.
Salt Lake County: The average sale price in 2020 was $413,000, and the average days on market for homes was 34 days. This year, the average sale price for homes has been $515,000, while the average days on market for homes has been 18 days.
Utah County: The average sale price in 2020 was $382,000, and the average days on market for homes was 39 days. This year, the average sale price has been $489,000, and the average days on market for homes has been 17 days.
If you’re looking to sell, now is a great time to do so.
Davis County: The average sale price in 2020 was $374,000, and the average days on market for homes was 32 days. This year, the average sale price has been $472,000, and the average days on market for homes has been 13 days.
Tooele County: The average sale price in 2020 was $324,000, and the average days on market for homes was 41 days. This year, the average sale price has been $395,000, and the average days on market for homes has been 18 days.
Weber County: The average sale price in 2020 was $305,000, and the average days on market for homes was 37 days. This year, the average sale price has been $404,000, and the average days on market for homes has been 17 days.
As you can see from this data, the market is on fire. Year-over-year, the average sale price for each of these counties has risen between 22% and 32%. If you’re looking to sell, now is a great time to do so. If you’re looking to refinance, cash out, and start some home renovation projects or buy some new toys, now’s a great time to consider doing that as well.
If you have any questions about our market or would like to see what your home is worth, call or email us anytime. We’re happy to help!
