Homes for Sale in Herriman, Utah

Herriman’s residential market remains priced above the Utah norm, with a median closed price of $605,000 versus the state’s $510,000. While prices nudged up 0.8% month‑over‑month, the market shows signs of balance: homes are lingering longer (88 days) and the sale‑to‑list ratio sits at 98.4%, suggesting buyers are not in a bidding war. Inventory is plentiful, with 425 new listings and 199 closed transactions over the last three months, and the active‑under‑contract split (155 SFR active/60 under contract; 186 townhomes active/52 under contract) underscores a buyer‑friendly supply side. Single‑family homes command a higher median ($690K) and larger average size (3,707 sq ft) than townhomes, which are priced lower at $400K but have a higher $/sq ft rate. On the macro side, mortgage rates have turned upward, climbing to 6.42% this month after a six‑month low of 6.06%, which will dampen affordability despite stable unemployment (Utah 3.6%, US 4.4%). Housing starts have risen steadily to 1.487 million units, and consumer sentiment holds steady at a 56.4 index, indicating confidence but not enough to offset higher financing costs. Local news adds a community dimension: Herriman’s growing cultural programs, such as the Herriman Elementary Dual Language Immersion dance festival, and the city’s involvement in statewide critical minerals initiatives signal a vibrant, forward‑looking environment that may bolster long‑term demand even as the short‑term market cools.