West Jordan's real estate market is experiencing a price correction, with values down 7.4% from last year. The median home price in West Jordan currently stands at $500,000. With 184 active listings, inventory is 52% higher than seasonal norms. Homes are taking about 31 days to sell, which is -1 days longer than this time last year. A significant 30.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 38.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the West Jordan market with the affordability index at 28.9. Based on current market indicators, home prices in West Jordan are projected to decrease by approximately 13.1% over the next month.
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