Navigating the Housing Market Around Hill AFB: A November 2023 Overview

Navigating the Housing Market Around Hill AFB: A November 2023 Overview

The real estate around Hill Air Force Base (AFB) is a topic of keen interest, drawing the attention of prospective homebuyers and real estate enthusiasts. Let's take a closer look at the key statistics from November 2023. These statistics come from Weber and Davis county which surround the base.

Median Sales Price:

In November 2023, the median sales price for homes around Hill AFB was $471,000. This figure serves as a crucial indicator, giving us insights into the average cost of a home in the region during that month. You can compare this price to the prices in our other videos and blog posts of different cities. Weber county tends to have a lower median sales price than Davis county because Davis county is closer to Salt Lake City.

Number of Houses Sold:

A total of 421 houses changed hands in November 2023, illustrating a robust level of activity in the housing market. This number reflects the volume of transactions, indicating the high demand and interest in the region. A higher number of houses sold suggests a vibrant real estate market with various options for potential buyers.

Days on Market:

The average number of days a house spent on the market in November 2023 was 34. This metric is crucial for both buyers and sellers. A lower number of days on the market often indicates a faster-paced and more competitive market, while a higher figure might suggest a more measured and potentially buyer-friendly environment. In this case, the 34 days on market indicate a moderately brisk pace, encouraging for those looking to sell their homes. This number is highly variable based on price and is most likely to be faster the lower the price is.

Factors Influencing the Market:

Several factors contribute to the dynamics of the housing market around Hill AFB. Proximity to the base plays a role, with military personnel and their families influencing the demand for housing. 

Whether you're a first-time homebuyer, a seasoned investor, or a military family planning a move, understanding these market dynamics is key to making successful and well-informed real estate decisions.

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