Market Still Strong…Select Prices Climbed Dramatically in August
Real estate in the Ogden Valley, Mountain Green and Ogden Bench areas continued its long run as an ever-escalating seller’s market in August. And there were a few notable, dramatic jumps in median sales price and median price per square foot.
Single family home sales in Mountain Green jumped from a median sales price of $658,000 to an eye-popping $900,000, while the median price per sq. ft. went from $185.00 in July to $207.00 in August. Median days on the market dropped from 24 to 10, continuing the trend of decreases in inventory. In the Ogden Valley the median price per sq. ft. of condos and town homes increased from $293.00 to $346.00. Median price per sq. ft. for single family homes sold in the Valley also went up, from $307.00 to $312.00. Along the Ogden Bench, the sale of single family homes showed a rise in median price per sq. ft., from $175.00 to $185.00.
After perusing numerous articles and qualified opinions on the state of the residential real estate market over the next few months, and considering the dynamics of our local market, there is no reason to expect the numbers not to continue on an upward trend.
MARKET UPDATE – August 2021 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 34 22 23 $739,000 $312.00
MGSF 15 9 10 $900,000 $207.00
OBSF 35 44 12 $370,000 $185.00
OVC/T 1 7 20 $510,000 $346.00
For comparative real estate statistics for all Utah ski resorts, click here.
