Cottonwood Heights is entering August with a market full of contrasts. Prices are climbing, inventory is expanding, and buyers are taking their time before making offers. Sellers still have opportunities to make strong deals, but the strategy looks different than it did a year ago. Let’s take a closer look at what July’s numbers reveal.
Prices: Still Moving Up
In July, the median sales price in Cottonwood Heights reached $816,000, a 4 percent increase compared to last year. Higher-end properties are pushing this number upward, reflecting the strong demand for larger homes with views of the Wasatch Mountains. Sellers can feel confident in the overall strength of pricing, but buyers should be aware that negotiating power is starting to shift.
Inventory: More Homes Available
The city ended July with 66 homes on the market, which is up 17.9 percent from the year before. That increase is giving buyers more choice and slowing down the urgency we saw in past summers. Sellers now face more competition, which means presentation, marketing, and realistic pricing are key.
Days on Market: Buyers Taking Their Time
Homes in Cottonwood Heights averaged 43 days on market in July, compared to 30 last year. That’s a 43 percent increase, which shows that buyers are being more selective and patient. It’s no longer a market where homes disappear in a weekend, but the right property at the right price will still move quickly.
Buyer’s or Seller’s Market?
The market here is inching closer to balance. Cottonwood Heights posted 2.4 months of supply in July, up from 1.9 last year. That’s still technically a seller’s market, but it’s trending toward neutral territory. Sellers can no longer rely on automatic bidding wars, while buyers have more leverage than they did even a few months ago.
Interest Rates: The Ongoing Hurdle
With mortgage rates in the mid-6 percent range, affordability remains a challenge. Even so, Cottonwood Heights continues to draw interest from families and professionals who value the blend of suburban living and quick access to ski resorts and downtown Salt Lake City.
Neighborhood Spotlight
In Dimple Dell, larger homes near trails are attracting active families who want outdoor access at their doorstep. Butler Hills is seeing strong demand for updated homes with views, while Old Mill continues to draw attention for its proximity to both downtown and the canyons. Each pocket of the city adds its own flavor, making Cottonwood Heights one of the most versatile markets in the valley.
The Bottom Line
Cottonwood Heights is seeing higher prices, more inventory, and longer selling timelines. Buyers now have more options and more negotiating room, while sellers still benefit from strong property values if they approach the market strategically. Whether you’re listing in Butler Hills or looking to buy near Old Mill, timing and preparation are everything in today’s market.
