Pleasant Grove's real estate market is experiencing a price correction, with values down 9.6% from last year. The median home price in Pleasant Grove currently stands at $206,000. With 5.6 months of supply, Pleasant Grove's inventory levels remain relatively tight. Transaction volume is up 133% compared to what's typically expected this time of year. A significant 38.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pleasant Grove market with the affordability index at 112.3. Looking ahead, the Pleasant Grove market is expected to maintain its current trajectory with relatively stable conditions.