Homes for Sale in Brigham City, Utah

Brigham City’s residential market is currently in a cooling phase. The median home price of $430,000 is about $80,000 below the Utah state median, and prices have dropped sharply—down 24.1% from the previous month. Inventory is ample, with 90 new listings compared to only 54 closed sales over the past three months, and homes are staying on the market slightly longer (82 days vs. the state’s 79). Despite the price decline, the sale‑to‑list ratio remains near 100% (99.2%), suggesting that while buyers are negotiating lower prices, they are still willing to meet sellers’ asking amounts. On the macro side, mortgage rates have begun to rise again, climbing to 6.42% for the 30‑year term after a brief dip to 6.06% in March, which could dampen purchasing power and reinforce the cooling trend. Unemployment remains stable—U.S. at 4.4% and Utah at 3.6%—and consumer sentiment has held steady around the mid‑50s, providing a neutral backdrop. Recent statewide news notes that mortgage rates are near a three‑year low, but the latest uptick aligns with the local price softening. Buyers in Brigham City can leverage the lower price levels and abundant inventory, but should be prepared for higher financing costs as rates continue their upward trajectory.