Homes for Sale in Pleasant Grove, Utah

Pleasant Grove’s residential market remains solidly positioned above the Utah baseline, with a median price of $537 K and a rapid turnover of 58 days—well under the state’s 79‑day average. While the month‑over‑month price decline of 41% suggests a corrective pullback, the near‑list sale‑to‑list ratio of 99% and brisk sales pace indicate that demand is still robust, especially for single‑family homes that are fetching a median of $625 K, an 11% year‑over‑year increase. Townhomes and condos are more modestly priced at $338 K but have seen a slight YoY dip, reflecting divergent buyer preferences within the city. On the macro side, mortgage rates have begun to climb again, reaching 6.42% for the 30‑year loan after a brief dip, while the Fed Funds rate has held steady at 3.64%. Unemployment remains low and stable (Utah 3.6%, US 4.4%), and consumer sentiment is steady around the mid‑50s. Housing starts and permits are holding near recent highs, supporting supply, yet the RE sentiment indices have slipped modestly, hinting at cautious optimism. Local news highlights growing community amenities, such as the new Black Desert pickleball venue, which enhances the city’s lifestyle appeal and may sustain buyer interest despite the tightening financing environment. Overall, the market is balanced—neither hot nor cooling dramatically—offering buyers a competitive yet still favorable environment.