Graph and download economic data for Housing Inventory: Median Listing Price in Davis County, UT (MEDLISPRI49011) from Jul 2016 to Feb 2025 about Davis County, UT; Ogden; UT; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price in Salt Lake County, UT (MEDLISPRI49035) from Jul 2016 to Feb 2025 about Salt Lake County, UT; Salt Lake City; UT; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Salt Lake County, UT (MEDLISPRIPERSQUFEE49035) from Jul 2016 to Feb 2025 about Salt Lake County, UT; Salt Lake City; UT; square feet; listing; median; price; and USA.

The table below showcases the total number of homes sold for each county in Utah. It's important to understand that the number of homes sold can vary greatly and can change yearly.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Weber County, UT (MEDLISPRIPERSQUFEE49057) from Jul 2016 to Feb 2025 about Weber County, UT; Ogden; UT; square feet; listing; median; price; and USA.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting 168 U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded 500,000 U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

The table below showcases the 10th, 25th, 50th, 75th, and 90th percentiles of mortgage rates for each county in Utah. It's important to understand that mortgage rates can vary greatly and can change yearly.

The table below showcases the 10th, 25th, 50th, 75th, and 90th percentiles of property tax rates for each county in Utah. It's important to understand that tax rates can vary greatly and can change yearly.

Graph and download economic data for Housing Inventory: Median Listing Price in Tooele County, UT (MEDLISPRI49045) from Jul 2016 to Feb 2025 about Tooele County, UT; Salt Lake City; UT; listing; median; price; and USA.