Homes for Sale in Tooele County, Utah

The Tooele County housing market remains **warm** for buyers, with a median sale price of $460 K and a sale‑to‑list ratio just under 100%, suggesting homes are selling close to asking. Inventory is constrained: 520 new listings have entered the market over the past three months, yet only 312 transactions closed, and the active pool (366 homes) plus those under contract (153) still trails demand. Days on market have stretched to about 95 days, reflecting a modest slowdown as buyers adjust to the current 30‑year mortgage rate, which has risen to 6.43% after a brief dip. Economic indicators support this picture. Over the past six months, the 30‑year rate has crept upward, while the Fed Funds rate has held steady at 3.64%, keeping financing costs relatively high. Unemployment remains low both nationally (≈4.3%) and in Utah (3.6%), and housing starts have risen to 1.49 million units, signaling continued construction activity. Consumer sentiment and regional real‑estate sentiment are stable to slightly positive, reinforcing a balanced but slightly buyer‑favored environment across the county’s key cities—Tooele, Grantsville, Stansbury Park, Lake Point, and Erda. Buyers should act promptly, especially in the single‑family segment, where competition remains strong despite the modest increase in days on market.