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Newly released data from Realtor.com for May shows that potential buyers and sellers in Washington County saw higher home sale prices than the previous month’s median of $437,500.
The median home sold for $491,312, an analysis of data from Realtor.com shows. That means May, the most recent month for which figures are available, was up 12.3% from April.
Compared to May 2024, the median home sales price was up 3% compared to $477,200.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.thespectrum.com.
Here is a breakdown on median sale prices:
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Looking only at single-family homes, the $521,355 median selling price in Washington County was down 2.9% in May from $536,875 the month prior. Since May 2024, the sales price of single-family homes was slightly up from a median of $516,809.Nine single family homes sold for $1 million or more during the month, compared to 12 recorded transactions of at least $1 million in May 2024.
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Condominiums and townhomes increased by 8.4% in sales price during May to a median of $387,375 from $357,500 in April. Compared to May 2024, the sales price of condominiums and townhomes was slightly down from $390,325. Ten condominiums or townhomes sold for $1 million or more during the month, compared to four recorded transactions of at least $1 million in May 2024.
About recorded home sales in Washington County in Utah
In May, the number of recorded sales in Washington County dropped by 7.5% since May 2024 — from 547 to 506. All residential home sales totaled $177.2 million.
Across Utah, homes sold at a median of $492,081 during May, a slight decrease from $494,772 in April. There were 4,700 recorded sales across the state during May, up 1.1% from 4,648 recorded sales in May 2024.
Here’s a breakdown for the full state:
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The total value of recorded residential home sales in Utah increased by 13.3% from $1.6 billion in April to $1.8 billion this May.
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Out of all residential home sales in Utah, 4.72% of homes sold for at least $1 million in May, up from 3.7% in May 2024.
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Sales prices of single-family homes across Utah slightly decreased from a median of $525,000 in April to $524,698 in May. Since May 2024, the sales price of single-family homes across the state was slightly down from $525,466.
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Across the state, the sales price of condominiums and townhomes slightly rose from a median of $382,798 in April to $385,673 during May. The median sales price of condominiums and townhomes is slightly up from the median of $386,832 in May 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on St. George Spectrum & Daily News: Homes in Washington County sold for higher prices recently: See how much here
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