Sandy, UT Real Estate Listings & Homes for Sale

In September 2024, home prices in Sandy experienced a modest decline of 2.2% year-over-year, with the median sale price settling at $700,000. Homes in the area are staying on the market slightly longer, averaging 37 days compared to 31 days in 2023, indicating a slight cooling in market activity. The number of homes sold also decreased, with 58 transactions in September, down from 69 the previous year. However, despite these shifts, the median price per square foot rose by 2.4% to $255, suggesting that while the overall volume and speed of sales have softened, property values, particularly on a per-square-foot basis, continue to show steady appreciation. This could reflect ongoing demand for well-maintained or optimally located homes in Sandy.

Sandy’s real estate market is highly competitive, with homes typically selling within just 29 days. Many properties receive multiple offers, some even with waived contingencies, reflecting the strong demand. On average, homes sell for about 1% below the list price and go pending within 29 days. However, "hot" homes can sell for around the asking price and often go pending in as little as 9 days, highlighting the fast-paced nature of this sought-after market.

Nationally, 0.53% of homebuyers are looking to relocate to Sandy from other metropolitan areas. Among those searching from outside metros, Los Angeles homebuyers showed the most interest in moving to Sandy, followed by those from San Francisco and Seattle. This trend suggests that Sandy is attracting attention from residents of larger, more expensive cities, likely drawn by the area's appealing mix of lifestyle amenities and relatively affordable housing options.