Utah Housing Market Update September 2025 | Prices, Inventory & Future Outlook

It’s been a while since my last update — life pulled me in a few directions — but the market didn’t stand still. I’m excited to restart 3-2-1 On Real Estate, a quick weekly snapshot designed to give you:

  • 3 key data points on the market

  • 2 quotes for perspective

  • 1 question to help you think about your next move

This week, I’m pulling insights from the State of the State Housing Market Report published by the Kem C. Gardner Policy Institute at the University of Utah. If you’d like the full report, just let me know and I’ll send it over.

Median Home Prices in Salt Lake County

Home prices remain high but are stabilizing with modest growth ahead.

  • The median single-family home price in Salt Lake County ended 2024 at $610,000.

  • Statewide, the Q4 2024 median was $547,700, making Utah the 9th most expensive market in the country.

  • Looking ahead, the mid-year forecast projects 2–3% price growth in 2025, with the statewide median expected to reach around $558,000.

📌 What this means for you: Buyers may have more breathing room than in past years, but sellers can still expect strong valuations.

Utah Housing Inventory Expands

For the first time in years, supply is catching up — at least a little.

  • In July 2025, Utah had 19,790 homes for sale, a 22.2% increase from the year before.

  • Average monthly listings in 2024 hit about 8,800 homes, the highest level since 2016.

📌 Takeaway: More listings mean more options for buyers and slightly less pressure on prices.

Long-Term Housing Demand Remains Strong

Even with today’s higher inventory, the long-term outlook is clear: Utah needs more homes.

  • The state is projected to face a shortage of 153,000 homes by 2030.

  • Over the next 25 years, Utah will need roughly 800,000 new homes to keep up with population growth.

📌 Translation: Real estate here remains a long-term play. Supply is expanding, but demand will keep the market strong for years to come.

Two Quotes to Keep in Mind

“In the middle of difficulty lies opportunity.” – Albert Einstein

“The best way to predict the future is to create it.” – Peter Drucker

Both quotes are a reminder: the best real estate decisions aren’t about waiting for perfect conditions — they’re about creating opportunity in the present.

One Question for You

With more homes available today and long-term growth on the horizon, what step could you take now that your future self will thank you for?

Featured Listing: Draper Luxury Estate

📍 581 E Draper Woods Way, Draper, UT

This fully reimagined luxury estate sits in one of Draper’s most prestigious gated communities. Highlights include:

  • Sweeping Wasatch Front mountain views

  • A gourmet chef’s kitchen with a dream butler’s pantry

  • A rare half-acre flat lot — nearly impossible to find in the area

👉 See full details & photos here

Final Thoughts

The Utah housing market is evolving. Prices remain steady, inventory is improving, and long-term demand is undeniable. Whether you’re considering buying, selling, or just keeping an eye on trends, staying informed is the best way to position yourself for success.

If you’d like the full housing report or want to discuss how these numbers affect your situation, I’d be happy to connect.

If you'd like to see the current value of your home, you can click here to get a free home valuation.