Natalie Southwick's Market Report

Heber City, UT 84032

Single-Family Homes

Aspen Creek Realty | 801-558-0364 | natalie@aspencreekrealty.com


Heber City, UT 84032

Mon Apr 15 2024
This week the median list price for Heber City, UT 84032 is $2,310,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 183. Click here to stay informed with the Heber City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Heber City, UT 84032

Mon Apr 15 2024
This week the median list price for Heber City, UT 84032 is $2,310,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 183. Click here to stay informed with the Heber City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Heber City market.
Median List Price $2,310,000
Median Price of New Listings $1,550,000
Per Square Foot $574
Average Days on Market 138
Median Days on Market 91
Price Decreased 23%
Price Increased 7%
Relisted 11%
Inventory 183
Median Rent
Market Action 30
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$4,995,000 6,470 1 - 2.5 acres 5 5.5 1 3 1 105
$2,768,000 4,036 0.25 - 0.5 acre 4 4.3 2 3 2 112
$1,770,000 3,952 0.25 - 0.5 acre 4 3.5 8 11 2 77
$769,950 2,599 0.25 - 0.5 acre 3 2 18 8 6 63