2024 Annual Market Update

The 2024 real estate market numbers for Ogden Valley are here! This picturesque area, encompassing Huntsville, Eden, and Liberty, UT, continues to captivate buyers and sellers alike.

In this report, I’m breaking down key data points for Single Family Homes, Land, Townhomes, and Condos over the past six years. We'll explore trends in days on market, number of solds, new listings, median asking prices, and sold prices, offering a comprehensive view of how the market has evolved.

For an even deeper dive, including $/SF analysis and historical data, check out the Eden, UT market report or the Huntsville, UT market report. Whether you're a homeowner, buyer, or market enthusiast, there's plenty of insight to uncover.

Single Family Homes

Explore correlations by turning on/off the legend's datasets. Tap on the chart's nodes to see the data points.

Median home values increased by 20.63% from $945,000 in 2023 to $1,140,000 in 2024, while the asking price rose 4.0% from $1,250,000 to $1,299,450, making the asking price 13.97% higher than the median home value. Solds increased from 103 in 2023 to 118 in 2024, a rise of 14.56%. Inventory expanded significantly, with a 16.16% rise in new listings, and the days on market slightly decreased by 1.75%.

Land

Median land values slightly decreased by 0.63% from $311,974 in 2023 to $310,000 in 2024, while the asking price dropped 0.69% from $399,000 to $396,250, keeping the asking price 27.84% higher than the median land value. Solds experienced a slight decline from 104 in 2023 to 102 in 2024, a decrease of 1.92%. Inventory contracted notably, with a 19.57% reduction in new listings, and the days on market improved by 14.63%, dropping from 82 days to 70 days.

Townhomes

Median townhome values increased significantly by 20.81% from $745,000 in 2023 to $900,000 in 2024, while the asking price rose sharply by 31.36% from $699,900 to $919,500, making the asking price 2.17% higher than the median home value. Solds decreased from 13 in 2023 to 11 in 2024, a drop of 15.38%. Inventory tightened, with new listings falling by 41.18%, and the days on market improved dramatically, dropping by 71.67% from 60 days to 17 days.

Condos

Median condo values increased by 15.83% from $470,000 in 2023 to $544,425 in 2024, while the asking price decreased slightly by 1.89% from $560,000 to $549,450, making the asking price 0.92% higher than the median condo value. Solds increased significantly from 34 in 2023 to 44 in 2024, a rise of 29.41%. Inventory expanded, with new listings growing by 12.82%, while the days on market increased slightly by 13.64%, from 44 days to 50 days.

The 2024 Ogden Valley real estate market paints a dynamic picture, showcasing growth and shifts across Single Family Homes, Land, Townhomes, and Condos in Huntsville, Eden, and Liberty, UT. Single Family Homes led the charge with a notable 20.63% increase in median price, accompanied by rising sales and expanding inventory. Land values remained steady, with improvements in days on market but contracting inventory. Townhomes experienced a sharp 20.81% rise in value, though sales decreased, and inventory tightened significantly. Meanwhile, Condos saw a strong 15.83% increase in median value, with robust sales and inventory growth.

Looking for expert advice? Contact a Mountain Luxury Eden, Utah realtor today for world-class service and local expertise.

📞 Call 801.745.8400
✉️ Email jennifer@mountainluxury.com