Pace of Local Real Estate Market Continues to Slow
The September real estate statistics across the Ogden Valley, Mountain Green and Ogden Bench areas continues to show a slowing market, although primarily in terms of extended days on the market and increased inventory for sale rather than a significant drop in prices.
In the Ogden Valley, median days on the market for single family homes jumped from 41 in August (a significant increase over previous months) to 74 in September. In the Mountain Green area, the median days on the market was 35, a dramatic increase from 8 days in August.
While the median sales price dropped from $475,000 in August to $400,000 in September for single family homes along the Ogden Bench, the same statistic in the Ogden Valley showed an increase to $880,000 from $763,000. And the median price per sq. ft. in the Mountain Green area jumped to $220 from $202.
Yes, the market is slowing from its’ frantic pace of last spring and summer, but there is still some good news for sellers as well as buyers.
September 2022 Real Estate Statistics
OVSF- Ogden Valley Singe Family; MGSF – Mountain Green Single Family; OBSF – Ogden Bench Single Family; OV C/T – Ogden Valley Condominiums & Townhomes
Prop. for Sale Prop. Sold Med. Days on Mkt. Med. Price Med. Sq. Ft.
OVSF 55 11 74 $880,000 $309.00
MGSF 18 7 35 $740,000 $220.00
OBSF 86 39 31 $400,000 $198.00
OVC/T 15 4 7 $383,000 $387.00
For comparative real estate statistics for all Utah ski resorts, click here.
