Ogden Valley Q3 Real Estate Report
The Ogden Valley real estate market in Q3 2024 displayed notable growth across several property segments compared to Q3 2023. This analysis highlights the performance of Homes, Land, Condos, and Townhomes, utilizing median sold price, days on market, median asking price, new listings, number of solds, and median $/SF data points to illustrate market trends and percent changes year-over-year.
You can conduct your own analysis and draw correlations through the interactive Ogden Valley Market Chart or dive deeper into the Eden/Liberty or Huntsville market reports.
Single-Family Homes
The homes segment is thriving, with higher sales volume and property appreciation, though homes are staying on the market slightly longer than in 2023, by only four days.
The homes segment of Ogden Valley real estate experienced significant growth in both sales activity and property values. The median sold price increased by 20.78%, rising from $924,000 in 2023 to $1,116,000 in 2024. Homes stayed on the market slightly longer, with days on market increasing from 50 to 54 days, an 8% increase. The median asking price saw a modest rise of 2.88%, from $1,250,000 to $1,286,000. New listings grew by 2.9%, with 69 new homes listed in Q3 2023 compared to 71 in Q3 2024. Most notably, the number of homes sold surged by 42.86%, increasing from 28 to 40. The median price per square foot also rose by 8.07%, from $322 to $348, reflecting an overall increase in home values.
Land
The land market saw higher prices but fewer listings and sales, likely driven by longer time on market and potentially more selective buyers.
The land market showed a mixed performance, with some price increases but fewer transactions and listings. The median sold price increased by 6.28%, from $250,000 in 2023 to $265,700 in 2024. However, the time to sell land parcels extended significantly, with days on market rising by 32.65%, from 49 days to 65 days. The median asking price decreased by 9.6%, dropping from $375,000 to $339,000, suggesting a potential shift in seller expectations. New listings declined by 27.14%, with only 51 new land parcels listed in Q3 2024, compared to 70 in Q3 2023. The number of sold parcels also dropped, down 17.95% from 39 to 32.
Condos
The condo market remained steady with minor fluctuations in pricing and days on market, though reduced listing and sales volumes suggest a cooling segment.
The condo segment reflected slight cooling in sales volume but relatively stable pricing metrics. The median sold price rose by 7.02%, from $570,000 in 2023 to $610,000 in 2024. Condos sold faster than in the previous year, with days on market decreasing by 5.56%, from 36 days to 34 days. However, the median asking price decreased slightly, by 1.68%, from $597,500 to $587,500. New listings were down 25%, with only 12 new condos listed in Q3 2024 compared to 16 in Q3 2023. Similarly, the number of sold condos fell by 12.50%, with 7 sold in 2024 compared to 8 in 2023. The median price per square foot saw a small decline of 2.22%, from $405 to $396.
Townhomes
The townhome market is characterized by rapid sales, steep price increases, and very limited inventory, making it one of the most competitive segments in Ogden Valley.
The townhome segment showed significant price increases but limited sales and new listings. The median sold price increased by 10%, from $650,000 in 2023 to $715,000 in 2024. The most dramatic shift was in days on market, which dropped by 94.23%, from 52 days to just 3 days, indicating that townhomes sold extremely quickly in 2024. The median asking price jumped sharply by 100.88%, from $795,000 in 2023 to $1,596,000 in 2024. However, new listings fell by 60%, with only 2 new townhomes listed in Q3 2024 compared to 5 in Q3 2023. The number of townhomes sold also decreased, down by 50%, from 2 sold in 2023 to 1 in 2024. The median price per square foot increased by 7.56%, from $410 to $441.
Ogden Valley Real Estate Market Summary
Ogden Valley's real estate market in Q3 2024 saw robust growth in home values across all segments compared to Q3 2023. The homes market showed the strongest performance, with a 20.78% increase in median sold price, a 42.86% jump in the number of sold properties, and an 8.07% rise in median price per square foot. The land market was more mixed, with a 6.28% increase in median sold price but a 17.95% drop in sales volume and a 27.14% decline in new listings. Condos experienced a modest 7.02% increase in median sold price, though both new listings and sales volumes decreased by 25% and 12.50%, respectively. The townhome market was marked by dramatic price increases, with a 10% rise in median sold price and a 100.88% increase in the median asking price, though sales volumes were extremely low, with just 1 townhome sold in Q3 2024.
Overall, the market is seeing upward pressure on prices, particularly in the homes and townhomes segments, driven by high demand and limited inventory. While some cooling is evident in land and condos, overall property values in Ogden Valley continue to rise, indicating a competitive and growth-oriented market.
Make sure to talk with one of our world-class Eden and Huntsville, UT realtors to see what this market means for you. Also, view homes and land for sale to explore Ogden Valley real estate.
