Utah real estate: Washington County home prices fell 1.6% in November; $664k listed median
The median home in Washington County listed for $664,000 in November, down 1.6% from the previous month's $675,000, an analysis of data from Realtor.com shows.
Compared to November 2022, the median home list price increased 2.2% from $649,450.
The statistics in this article only pertain to houses listed for sale in Washington County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.thespectrum.com.
Washington County's median home was 2,290 square feet, listed at $297 per square foot. The price per square foot of homes for sale is down 0.1% from November 2022.
Listings in Washington County moved slowly, at a median 57 days listed compared to the November national median of 52 days on the market. In the previous month, homes had a median of 49 days on the market. Around 304 homes were newly listed on the market in November, a 38.2% decrease from 492 new listings in November 2022.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
In Utah, median home prices were $597,000, a slight decrease from October. The median Utah home listed for sale had 2,503 square feet, with a price of $252 per square foot.
Throughout the United States, the median home price was $420,000, a slight decrease from the month prior. The median American home for sale was listed at 1,858 square feet, with a price of $221 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
This article originally appeared on St. George Spectrum & Daily News: Washington County home prices fell 1.6% in November; median is $664k
