March sales numbers are in for Tooele County, and the data offers some powerful insights into our local housing market. I’ve always enjoyed diving into stats, but over the last few years, analyzing the market has become even more important—and interesting.
Here’s what stands out in Tooele County’s March 2025 real estate snapshot:
1. Inventory is Rising—but Context is Key
New listings are up over 10%, and total housing inventory has increased more than 30%. At first glance, that would typically suggest a cooling market and falling home prices. But here’s where the context matters: inventory is only climbing back from historic lows, and we’re still sitting at roughly half the number of homes needed to reach a balanced market.
2. Prices Continue to Appreciate
Despite the inventory increase, home values in Tooele County have appreciated by about 2–3%. Why? Because demand still outpaces supply. We’re likely several years away from having enough housing to create a truly balanced market.
3. Sellers Still Holding Strong (Mostly)
On average, sellers in Tooele County are receiving over 98% of their original list price. But it’s important to note that many are also offering seller concessions, like rate buydowns, to help buyers afford homes at today’s higher interest rates.
4. Tooele County Remains Affordable
One thing hasn’t changed—Tooele County home prices remain significantly lower than Salt Lake County. For buyers looking for value, space, and community, Tooele continues to be a smart and attractive option.
So, What Does This Mean for You?
- Buyers: Homes aren’t getting cheaper, and interest rates aren’t dropping quickly. But there are creative ways to make buying work—especially in Tooele County, where prices are still favorable compared to neighboring markets.
- Sellers: With serious buyers still active and low competition relative to history, it’s still a great time to sell—as long as your pricing strategy reflects the current market.
- Investors & Locals: Tooele County continues to show long-term value and stability. Whether you’re buying your first home, upgrading, or investing, it’s a market worth watching.
Let’s Talk Tooele
If you’re thinking about buying or selling in Tooele County, now’s the time to take action with a local expert by your side. Give us a call today—we live and work here, and we’d love to help you make the most of the Tooele real estate market.