The Pleasant Grove housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price of $209,000 represents a moderate 10.0% increase from this time last year. With 5.3 months of supply, Pleasant Grove's inventory levels remain relatively tight. Homes are taking about 84 days to sell, which is -4 days longer than this time last year. A significant 24.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. 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 179.6. Based on current market indicators, home prices in Pleasant Grove are projected to decrease by approximately 7.6% over the next month.
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