81% of Wasatch Front Homes Sell for Under $500K
The vast majority of Wasatch Front homes sell for less than $500,000. In 2020, 81 percent of homes sold on the Wasatch Front sold for less than the half-million-dollar mark.
However, that percentage is down from 2019, when 87 percent of all home sales were for less than $500,000. In 2020, 17 percent of homes sold were between $500,000 and $999,999. Just 2 percent of sales were for homes priced at $1 million or higher.
In 2019, 12 percent of all sales were between $500,000 and $999,999, and 1 percent of sales were for homes above $1 million.
-SALT LAKE BOARD OF REALTORS
