Market Overview
warmUtah’s median home price (~$525 k) sits roughly 30 % above the national median, while its 61‑day average DOM is about twice the U.S. average, indicating a still‑demand‑driven market that is beginning to moderate.- •Median closed price rose 2.4 % YoY to $525 k but slipped 0.8 % MoM, signaling the first sign of price pressure from higher mortgage rates (30‑yr at 6.49 %).
- •Closed transactions jumped 10.1 % YoY to 12,193, yet new listings surged 22.1 % YoY to 21,513, expanding active inventory to 14,450 and pushing average DOM to 61 days (+3 % MoM).
- •Sale‑to‑list ratio remains strong at 99 %, and single‑family homes lead the market with a median price of $583 k and a 34‑day DOM, while townhomes/condos lag slightly at $404.6 k and 42 days.
- •State‑wide sentiment is upbeat (Utah RE Sentiment 64 vs. national composite 50) and the new Utah housing division aims to accelerate construction, complementing the recent rise in housing starts (1.487 M) and building permits (1.376 M).
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Frequently Asked Questions About Utah Real Estate
As of July 2026, the Utah real estate market is a warm market that leans slightly toward sellers. The statewide median home price is $525,000, with 14,450 active listings and an average of 61 days on market. The market spans 61 counties.
Utah home prices have increased 1.2% year-over-year, with the current statewide median at $525,000. Month-over-month, prices changed -0.8%.
Homes in Utah currently take an average of 61 days on market before going under contract. This varies significantly by county — high-demand areas along the Wasatch Front typically sell faster than rural markets.
