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Utah MLS Housing Market Report: February 2025
Key stats on home sales, prices, and inventory trends compared to last year

by Blair Allen

Market Activity Overview
52
Days on Market
Up from 48 in January
2,723
Total Homes Sold
Down 1.5% year-over-year
$235
Price Per Sq Ft
Median value across all properties
Single Family Home Performance
1,932 Units
Total sold in February
$552,000
Median sold price
+2.7%
Year-over-year price increase
Multi-Family Property Performance
791 Units Sold
Total multi-family properties sold in February
$410,000 Median Price
Up 4.9% compared to February 2024
Higher Appreciation Rate
Outpacing single-family home price growth
Price Per Square Foot Analysis

Luxury Segment
$350+ per sq ft
Mid-Range Market
$235-$349 per sq ft
Entry-Level Properties
Below $235 per sq ft
Year-Over-Year Inventory Growth Comparison
2025 February Inventory
4,449 listings entered
26% increase year-over-year
More seller activity
2024 February Inventory
3,532 listings entered
Baseline for comparison
Limited selection for buyers
Market Outlook & Opportunities

Slowing Market Pace
Increasing days on market

Growing Inventory
More options for buyers

Price Appreciation
Continued but moderate growth

Multi-Family Opportunity
Stronger price growth trend
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  • Blair Allen | Utah Digs
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