March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in Utah for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in Utah where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in Utah the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In Utah, the hottest-selling market is Wasatch County, where the MarketPulse Score is 112 and the median sales price comes in at $1,015,000 with 48 homes sold.
On the flip side, Box Elder County sits at the bottom of the market with a MarketPulse Score of 85 with 25 homes sold.
Hottest Markets in Utah
1. Wasatch County. MarketPulse Score of 112
2. Washington County. MarketPulse Score of 96
3. Summit County. MarketPulse Score of 96
4. Tooele County. MarketPulse Score of 92
5. Cache County. MarketPulse Score of 90
For more information about the Utah market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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