Pleasant Grove's real estate market is experiencing a price correction, with values down 39.5% from last year. Home prices have decreased 54.3% in the past month. At the current sales pace, it would take over 10.5 months to sell all available homes in Pleasant Grove, indicating an oversupplied market. Homes are taking about 83 days to sell, which is 7 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Pleasant Grove market with the affordability index at 108.7. Current trends suggest further price adjustments may occur as the market continues to favor buyers.