Name: Elk Ridge Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Elk Ridge, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Elk Ridge, Utah is $890,000, which is 69.5% above the Utah state median of $525,000. Home prices in Elk Ridge range from $530,000 to $3,150,000, with an average sale price of $892,329. These figures are based on recent closed transactions in the Elk Ridge real estate market.

Question 2

Is Elk Ridge, Utah a buyer's or seller's market?

Accepted Answer

Elk Ridge, Utah is currently a seller's market. Key indicators include an average sale-to-list price ratio of 99.5% and homes spending an average of 61 days on the market. Elk Ridge’s median home price is roughly 70% higher than the Utah average, with a 99.5% sale‑to‑list ratio and limited inventory, signaling a far tighter market than the state overall.

Question 3

How long do homes stay on the market in Elk Ridge?

Accepted Answer

Homes in Elk Ridge, Utah spend an average of 61 days on the market before going under contract compared to the Utah state average of 61 days (equal to average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Elk Ridge, Utah?

Accepted Answer

As of July 2026, there are 30 active homes for sale in Elk Ridge, Utah with 38 new listings added recently. In the most recent reporting period, 17 transactions closed in Elk Ridge. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Elk Ridge, Utah?

Accepted Answer

Yes — Elk Ridge currently has 38 new listings recently added to the market, with prices starting from $530,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Elk Ridge is $890,000.

Question 6

How does Elk Ridge compare to the Utah state average?

Accepted Answer

Elk Ridge home prices are 69.5% above the Utah state median of $525,000, with a local median of $890,000. Homes sell slower than the state average — 61 days in Elk Ridge vs 61 days statewide (equal to average). The sale-to-list ratio is 99.5% locally vs 99.0% statewide.

Question 7

Are homes in Elk Ridge more expensive than the Utah average?

Accepted Answer

Yes, homes in Elk Ridge are more expensive than the Utah state average. The median home price in Elk Ridge is $890,000, compared to the statewide median of $525,000 — a difference of $365,000 (+69.5%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Elk Ridge than the rest of Utah?

Accepted Answer

No, homes in Elk Ridge take longer to sell than the Utah average. The average days on market in Elk Ridge is 61 days, compared to 61 days statewide (equal to average). Buyers in Elk Ridge have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered hot.

Question 9

How have home prices changed in Elk Ridge over the past year?

Accepted Answer

Home prices in Elk Ridge, Utah have increased by 52.6% over the past year. The median sale price went from $665,000 to $1,015,000. This strong appreciation reflects growing demand in the area. Check the Elk Ridge market trends section above for detailed charts.

Question 10

Is the Elk Ridge housing market heating up or cooling down?

Accepted Answer

The Elk Ridge housing market is currently showing mixed signals, with prices up 52.6% year-over-year and days on market increasing by 7.5%. The market temperature is rated "hot" based on current conditions. Elk Ridge’s median home price is roughly 70% higher than the Utah average, with a 99.5% sale‑to‑list ratio and limited inventory, signaling a far tighter market than the state overall. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Elk Ridge home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Elk Ridge, Utah was $665,000. Today, the median is $1,015,000, representing a change of +52.6% ($350,000 increase). During that same period, the average days on market went from 93 to 100 days.

Question 12

What is the current market outlook for Elk Ridge, Utah?

Accepted Answer

Elk Ridge remains a seller’s market. The median home price of $890 K sits 69.5% above the Utah median of $525 K, and homes are closing at 99.5% of the list price, indicating that buyers are paying virtually full asking price. Inventory is thin: 30 active listings and only 17 closed transactions over the last three months, while new listings have barely kept pace at 38. Days on market match the state average at 61 days, but the upward price momentum (+2.5% MoM, +11.2% YoY) shows demand is still strong despite the high price level.

On the macro side, mortgage rates have risen modestly over the past six months (30‑year from 6.10% to 6.49%, 15‑year from 5.47% to 5.85%), which could temper some buyer enthusiasm. However, unemployment remains low and stable (Utah 3.6%, national ~4.2%), and consumer sentiment is unchanged, supporting purchasing power. Statewide news about Utah’s new housing division aims to increase supply, but the effect will be gradual; meanwhile, recent reports of higher mortgage rates and a dip in pending sales suggest a potential cooling pressure. For now, Elk Ridge’s market temperature stays hot, with price growth outpacing the modest rise in borrowing costs. The market temperature is rated "hot." Elk Ridge’s median home price is roughly 70% higher than the Utah average, with a 99.5% sale‑to‑list ratio and limited inventory, signaling a far tighter market than the state overall.

Question 13

What are the key highlights of the Elk Ridge housing market?

Accepted Answer

Key highlights of the Elk Ridge, Utah housing market include: Median closed price is $890,000, 2.5% higher month‑over‑month and 11.2% above last year’s level.. Only 17 homes sold in the past three months while 38 new listings entered the market, yielding a buyer‑to‑seller imbalance.. 30‑year mortgage rates have crept up from 6.10% to 6.49% since January, adding cost pressure for buyers.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Elk Ridge, Utah?

Accepted Answer

Homes in Elk Ridge, Utah range from $530,000 to $3,150,000, with a median price of $890,000. The standard deviation is $599,429, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What is the internet quality in Elk Ridge, Utah?

Accepted Answer

Elk Ridge has an average broadband download speed of 4316 Mbps and 90% of homes have access to fiber internet. Top internet providers include Xfinity, Quantum Fiber, Utah Telecommunication Open Infrastructure Agency. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.2 provider options.

Question 16

Are single-family homes or condos a better investment in Elk Ridge?

Accepted Answer

In Elk Ridge, single-family homes have a median price of $890,000 (+11.2% YoY), while townhomes/condos are $550,000 (-5.2% YoY). SFRs sell in 44 days vs 180 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 17

What is the price per square foot in Elk Ridge?

Accepted Answer

The median price per square foot in Elk Ridge, Utah is $197. The average home size is 4,404 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 18

Is now a good time to buy a home in Elk Ridge, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Elk Ridge's market rated as "hot." Prices are rising at 52.6% year-over-year. Strong demand means well-priced homes move quickly — being pre-approved helps. Market timing depends on your personal financial situation and goals.

Question 19

When is the best time to buy a home in Elk Ridge?

Accepted Answer

Historically, June offers the most new listings in Elk Ridge, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Elk Ridge

$624,900

$549,900

$655,000

$570,000

$680,000

$1,100,000

$1,099,990

$750,000

$739,900

$765,000

$1,075,000

$845,000

Deals & Lifestyle in Elk Ridge

$624,900

$549,900

$655,000

$570,000

$680,000

$750,000

$739,900

$899,900

$774,900

$624,900

$899,900

Highlights in Elk Ridge

$3,150,000

$2,500,000

$1,849,000

$1,749,900

$1,739,900

$1,701,900

$1,650,000

$1,334,000

$1,180,000

$1,170,000

$1,150,000

$1,100,000

$1,150,000

$1,334,000

$1,849,000

$570,000

$789,900

$998,000

$459,000

$549,900

$2,500,000

$750,000

$976,000

$1,100,000

$1,701,900

$1,739,900

$1,180,000

$1,170,000

$624,900

$680,000

$999,000

$774,900

$976,000

$655,000

$750,000

$765,000

Elk Ridge Real Estate FAQ

Frequently Asked Questions About Elk Ridge Real Estate

What is the median home price in Elk Ridge, Utah in 2026?

What is the median home price in Elk Ridge, Utah in 2026?

Is Elk Ridge, Utah a buyer's or seller's market?

Is Elk Ridge, Utah a buyer's or seller's market?

How long do homes stay on the market in Elk Ridge?

How long do homes stay on the market in Elk Ridge?

How many homes are for sale in Elk Ridge, Utah?

How many homes are for sale in Elk Ridge, Utah?

Are there new construction homes for sale in Elk Ridge, Utah?

Are there new construction homes for sale in Elk Ridge, Utah?