realestate

Lehi Market Trends: A 2024 Overview

Lehi Real Estate Trends: 2024 vs 2023 Homes Sold, Prices, and Days on Market Compared

L
ehi Real Estate Trends for 2024

    A snapshot of Lehi's real estate market in 2024 reveals some notable shifts compared to the previous year. Key statistics include:

    * Homes sold: 1,302 (down from 1,467)

    * Average home price: $619,747 (up from $579,819)

    * Median home price: $521,833 (a significant increase from $401,500)

    * Average days on the market: 55 (up from 51)

    * Average price per square foot: $225.52 (slightly higher than $222.61)

    Notable sales include a high-end property selling for $3.5 million and a condo priced at $270,000. Additionally, there were 105 home sales exceeding $1 million in value.

    Presented by Skyler Beltran, Realtor with Coldwell Banker, these statistics are based on data from the Wasatch Front MLS as of January 2nd.

Lehi market trends analysis with graphs and charts in a 2024 report.