Sandy’s housing market is entering August with a mix of opportunity and caution. While home prices held nearly steady, the surge in inventory and longer selling timelines show that buyers have more breathing room. Sellers can still take advantage of solid values, but strategy is now essential to stand out in this more competitive environment.
Prices: Holding Steady
In July, the median sales price in Sandy was $631,800, a slight 0.5 percent dip compared to last year. While not a dramatic change, it’s a notable pause after years of steady appreciation. For buyers, this stability provides reassurance, while sellers still benefit from strong property values that remain near record highs.
Inventory: A Big Increase
Sandy ended July with 248 active listings, a massive 59 percent jump from the year before. That surge in inventory is giving buyers more options and cooling the pressure of bidding wars. Sellers now face tougher competition, making home presentation and pricing critical to success.
Days on Market: Sales Slowing Down
Homes in Sandy averaged 40 days on the market in July, compared to just 28 days last year — a 42.9 percent increase. This slowdown shows buyers are moving at a more measured pace, carefully weighing options rather than rushing into quick deals. Sellers should anticipate longer timelines and prepare accordingly.
Buyer’s or Seller’s Market?
With 2.9 months of supply, Sandy is inching closer to a balanced market. Sellers still hold some leverage thanks to solid prices, but buyers have gained significant negotiating power with more homes to choose from. The days of ultra-fast, across-the-board bidding wars are fading.
Interest Rates: Still a Factor
Mortgage rates in the mid-6 percent range continue to shape decisions. While they impact affordability, Sandy’s desirable schools, mountain access, and established neighborhoods ensure demand stays steady. Buyers who are financially prepared can now approach the market more strategically.
Neighborhood Spotlight
Sandy’s variety offers appeal across the board. East Sandy continues to draw families seeking mountain views and proximity to Little Cottonwood Canyon. Alta View and Crescent Ridge remain popular for their established communities and schools. Meanwhile, Sandy’s central corridor near TRAX and shopping centers appeals to buyers who value convenience and access.
The Bottom Line
Sandy’s housing market is adjusting. Prices are stable, inventory has surged, and homes are taking longer to sell. Buyers benefit from more choice and negotiating room, while sellers still enjoy strong property values if they price wisely. Success in today’s Sandy market depends on strategy, patience, and preparation.
