February 2025 Housing Market Update- Davis & Weber County, Utah

Let's take a look at what our current housing market is doing compared to this time last year!! Staying informed about key trends can help buyers and sellers make smarter decisions. In this update, we’ll take a closer look at the latest housing market data for Davis and Weber County, Utah and some of the trends and changes we've seen! 

Days on Market: Homes Taking Longer to Sell

Currently, homes in Davis and Weber County are selling in an average of 54 days, compared to 46 days this time last year. This increase suggests that while demand remains strong, buyers are taking more time to make purchasing decisions. For sellers, this means setting realistic expectations—homes are still selling, but patience may be required.

Median Sales Price: Steady Growth in Home Values

The median sales price has risen from $478,500 in early 2024 to $489,900 today. This increase of over $11,000 reflects continued home value appreciation, despite longer selling times. For homeowners thinking about selling, this trend shows that real estate remains a solid investment, even in a market that’s adjusting.

Sales Price vs. List Price: Sellers Gaining Negotiation Power

One of the biggest shifts this year is how much homes are selling for in relation to their list price. Last year, homes were selling for about 4% below asking price. Today, that gap has narrowed, with homes selling for only 2% under list price. This suggests that sellers have slightly more leverage than they did a year ago, and buyers may have less room to negotiate deep discounts.  This could also mean that sellers are adjusting to the slower market conditions and choosing to price their homes at a more reasonable or advantageous price. 

Homes Sold: More Market Activity

A total of 354 homes were sold in the past month, compared to 314 sales during the same period last year. This increase in transactions—despite longer days on market—indicates that more buyers are entering the market, which is a positive sign for sellers. More sales activity often means more confidence in the housing market overall.

What This Means for Buyers & Sellers

• For Buyers: There’s still some room for negotiation, but prices continue to rise year over year, meaning waiting too long could cost more in the long run. The increase in available listings also gives buyers more choices.
• For Sellers: While homes are taking longer to sell, prices remain strong, and the sales-to-list price gap has improved. Proper pricing and strategic marketing remain key to attracting serious buyers.

The Davis and Weber County housing markets are showing resilience and steady growth. While homes are taking longer to sell compared to last year, prices are increasing, and more homes are changing hands. For both buyers and sellers, understanding these trends can help in making informed real estate decisions.

If you have questions about buying or selling in today’s market, feel free to reach out—we’re here to help!