The first quarter of 2025 has been off to a strong start , and we’re excited to highlight five successful closings. Each of these transactions represents a unique home and a satisfied client, whether buying or selling. Understanding key trends can help you make informed real estate decisions as the Salt Lake County market continues to evolve.
Kevin’s Recent Closings
Kevin has been busy helping clients navigate the competitive Salt Lake County market. Here’s a look at the properties that recently closed:
750 E Bryan Avenue, Salt Lake City, UT 84105
Located on a great street in the desirable Liberty Wells neighborhood, this charming Tudor features classics architectural details, and a great backyard for a garden, making it the perfect home for its new owners.
836 E Gladiator Way, Sandy, UT 84094
This brick ranch was spruced up and staged prior to listing it for sale, to increase the value of the home for y seller. It had an updated kitchen and baths, and a sweet tree deck in back and just needed some carpet, paint and minor repairs so it would show well and sell for more.
2646 S McClelland Street, Salt Lake City, UT 84106
Nestled in lower Sugar House, my buyer did quite well on this competitively priced home, and now she’s making it her own.
3823 S Market Street, West Valley City, UT 84119
A fantastic home in a growing part of the valley, this property was properly staged and sold during the holiday, traditionally a slow time, going under contract in just a few weeks.
2233 S 500 E#123, Salt Lake City, UT 84106
This townhouse, in the heart of Salt Lake City, was staged to look its best and sold for about 6% more than the previous sale in that condo community, and we accomplished that in the second half, a slower time of the year a for real estate sales.
If you’re considering buying or selling in 2025, now is the time to start planning your move. Here’s a look at the current market conditions to help guide your decision.
March 2025 Real Estate Market Update for Salt Lake County
Single-Family Homes in Salt Lake County
- The median price of a single-family home in Salt Lake County was $600,000 in February 2025, up 1% from February 2024 when it was $595,000.
- The median price per square foot was $256.90 in February 2025, up 7% from $240.07 in February 2024.
- Current inventory, comparing homes for sale to homes under contract, was 47 days at the end of February 2025, up from 31 days at the end of February 2024.
- The number of homes for sale at the end of February 2025, was up 1,203, up from 888 at the end of February 2024.
- Median days on the market was 46 days in February 2025, up from 36 days in February 2024.
- The average 30-year mortgage rate per Freddie Mac was 6.65% last week, down from 7.04% on January 16,2025
What This Means for Buyers and Sellers:
Interest rates have remained relatively steady, and home values have steadily increased over the last year. However, homes are taking a little longer to sell, and the inventory of available properties is rising. For sellers, this means that pricing your home competitively and preparing it well for the market is essential. For buyers, increased inventory could mean more options and negotiating power.
Condos & Townhouses in Salt Lake County
- The median price of a condo/townhome in Salt Lake County was $434,990 in February 2025, up 6% from February 2024 when it was $410,000.
- The median price per square foot was $282.11 in February 2025, up 4% from $270.79 in February 2024.
- Current inventory of condos/townhouses was 59 days at the end of February 2025, up from 38 days at the end of February 2024.
- The number of condos/townhouses for sale at the end of February 2025 was 783, up from 590 at the end of February 2024.
- Median days on the market was 43 days in February 2025, up from 35 days in February 2024.
What this Means for Condo & Townhome Buyers/Sellers:
The condo and townhome market is experiencing a stronger price increase than single-family homes, making it an attractive tie for sellers. However, like single-family homes, condo and townhome properties are taking longer to sell, and inventory is growing, giving buyers more choices.
Salt Lake City Real Estate: Your Partner in 2025
If you’re considering buying or selling a home in or around Salt Lake City, we’re here to help! Whether selling a home to buy another, buying your first home, or relocating, we provide expert advice and service to help you navigate the local real estate market. Kevin Coyle of SLC Homes has the resources and expertise to assist you every step of the way. Contact us today to start your journey toward accomplishing your real estate goals!
