Lisa’s Market Update – September 2021

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.