Natalie Southwick's Market Report
American Fork, UT 84003
Single-Family Homes
Aspen Creek Realty | 801-558-0364 | natalie@aspencreekrealty.com
American Fork, UT 84003
Fri Apr 26 2024
This week the median list price for American Fork, UT 84003 is $871,230 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 110.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $871,230 | |
| Median Price of New Listings | $703,700 | |
| Per Square Foot | $258 | |
| Average Days on Market | 78 | |
| Median Days on Market | 35 | |
| Price Decreased | 36% | |
| Price Increased | 7% | |
| Relisted | 4% | |
| Inventory | 110 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Click for more charts
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,850,000 | 5,919 | 0.5 - 1 acre | 6 | 3.5 | 11 | 5 | 0 | 42 |
| $997,000 | 4,158 | 0.25 - 0.5 acre | 5 | 3.5 | 7 | 5 | 0 | 49 |
| $688,230 | 3,182 | 8,000 - 10,000 sqft | 4 | 2.8 | 2 | 10 | 1 | 42 |
| $566,495 | 2,238 | 4,500 - 6,500 sqft | 4 | 2.5 | 13 | 8 | 0 | 17 |