Cottonwood Heights, UT Real Estate Listings & Homes for Sale

In January 2025, home prices in Cottonwood Heights remained relatively stable, showing a minimal 0.07% change year-over-year, with a median sale price of $750K. While prices held steady, the market saw a significant shift in activity. Homes sold much faster, averaging just 31 days on the market compared to 69 days the previous year—suggesting increased buyer urgency or improved listing strategies. However, overall sales volume dipped, with 15 homes sold in January compared to 20 last year, potentially indicating limited inventory or a more selective buyer pool despite the quicker turnover.

Cottonwood Heights is a highly competitive real estate market, with homes typically selling in about 40 days. Many properties attract multiple offers, and in some cases, buyers are waiving contingencies to secure their desired home. On average, homes sell for around 2% below the listing price, but demand for sought-after properties remains strong—hot homes can sell for about 1% above list price and go pending in as little as 20 days. This fast-paced market suggests that well-priced homes in desirable locations don’t stay available for long.

In January 2025, Cottonwood Heights, UT, was a buyer’s market, meaning there were more homes available than there were buyers. This market condition typically gives buyers more negotiating power, as increased inventory provides them with more options and less pressure to act quickly. Despite the competitive nature of the market—where some homes still attract multiple offers and sell quickly—on average, homes are taking around 40 days to sell and often close at about 2% below the list price. For buyers, this presents an opportunity to secure a home with favorable terms, while sellers may need to be strategic with pricing and concessions to attract strong offers.