The housing market in Pleasant Groves continues to see strong price appreciation, with values up 122.2% compared to last year. The median home price of $300,000 represents a substantial 122.2% increase from this time last year. With 2.0 months of supply, Pleasant Groves's inventory levels remain relatively tight. Properties are selling within just 79 days on average, much faster than the historical norm of 315 days. A significant 50.0% 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 Groves market with the affordability index at 4743.1. Based on current market indicators, home prices in Pleasant Groves are projected to decrease by approximately 6.9% over the next month.