The Pleasant Grove housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 3.0% in the past month alone. With 64 active listings, inventory is 56% higher than seasonal norms. Homes are taking about 29 days to sell, which is -19 days longer than this time last year. A significant 28.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 23.5% 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 87.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.