Homes for Sale in Wasatch County, Utah

Wasatch County’s residential market remains balanced, with a strong supply side and modest demand pressure. The county’s five key hubs—Heber City, Midway, Hideout, Kamas, and the high‑priced enclave of Park City—continue to drive a median closed price of $1.17 million, well above the Utah average. Single‑family homes dominate the price narrative, posting a median of $1.71 million, while townhomes and condos sit near $857 k. Active listings (285 SFR, 143 condos) outnumber recent sales (177 transactions), and the average time on market of 130 days suggests buyers have negotiating room, reflected in a 97.1% sale‑to‑list ratio. Economic indicators over the past six months reinforce this equilibrium. Mortgage rates have ticked upward, with the 30‑year rate climbing from 6.26% to 6.42%, while the Fed Funds rate has held steady at 3.64%. Unemployment remains low and stable (Utah 3.6%, national 4.4%), and consumer sentiment is flat. Housing starts have risen, but building permits have plateaued, hinting at a gradual softening of new supply. Together, these factors keep the market in a neutral regime, offering buyers a balanced environment—neither hot nor sharply cooling—while still navigating premium pricing.