Are Home Prices in Utah Dropping?

May 28

Are Home Prices in Utah Dropping?

By Sarah Ingalsbe – Northern Utah Real Estate Guide
Homes with Heart: Your Journey, Your Story, Our Guidance

I hear this question all the time:
“Are home prices in Utah starting to drop? Should I wait? Is it safe to buy or sell right now?”

If you’ve been feeling unsure, you are not alone.

As a local real estate agent serving Weber, Davis, and Box Elder counties, I help buyers and sellers navigate these uncertain moments every day. My goal is always to give honest, thoughtful guidance — so you can feel empowered, informed, and at peace with your decision, whatever that may be.

So let’s talk about what’s really happening — in simple terms — and what it means for you.

The Truth About Utah Home Prices Right Now

Some areas ARE seeing prices flatten — even dip slightly.
In places like Salt Lake City, prices have dipped about 2.5% compared to this time last year.
Northern Utah (Weber, Davis, Box Elder) is seeing slower growth, not sharp drops — prices are holding steady or growing around 3–4%.
There are more homes on the market.
Listings are up ~22%, and buyers now have more time and choice — less frenzy.
Homes are sitting longer.
Many sellers are offering concessions ($10K–$15K off, closing cost help) — giving buyers more leverage and breathing room.

What This Means for YOU — On an Emotional Level

If You’re a Buyer:

✨ Less pressure — You no longer need to “rush” or compete in a bidding war.
✨ More choice — You have time to find a home you truly love.
✨ Negotiation power — You can ask for help with closing costs, rate buydowns, or price adjustments.
✨ Peace of mind — Even if interest rates shift, you can refinance later — but you can’t rewind to today’s prices once they start rising again (and experts expect modest increases by next year).

If You’re a Seller:

🌟 Well-priced homes still sell — and quickly.
🌟 The key is strategy — pricing with intention, staging beautifully, marketing powerfully.
🌟 Emotional win — You can sell for a strong price in this balanced market — with the right guidance.

Are Utah Home Prices Dropping? My Honest Expert Answer:

In certain spots, yes — modestly.
In Northern Utah overall, we’re seeing more of a soft landing — stable pricing with opportunities for buyers and sellers alike.

This is not a “crash.” It’s a healthier, more balanced market — where families, first-time buyers, and smart investors can make great moves without fear.

Why Now May Actually Be the Right Time for YOU

If you’ve been waiting for less competition — that time is now.
If you’ve been nervous about overpaying — today’s prices are more stable.
If you’re longing for your own space, your next chapter, or your forever home — this market gives you room to make that dream a reality.

Final Thoughts — From My Heart to Yours

Buying or selling a home is always personal. It’s about your life, your family, your future.

If you’re feeling unsure — I’m here. Let’s have a conversation, with no pressure. My role is to help you explore what’s right for YOU in this moment. And to guide you with care, honesty, and heart every step of the way.

When you’re ready, I’m here to help you move forward with confidence.

www.SarahIngalsbe.com
Serving Northern Utah: Weber, Davis, Box Elder Counties
❤️ Homes with Heart: Your Journey, Your Story, Our Guidance