Homes for Sale in Hurricane, Utah

Hurricane’s housing market is entering a cooling phase. While the city commands a premium—median closed price $628,900, roughly 23% above the Utah average—prices have slipped 18.2% from the prior month, and homes are staying on the market 24% longer than the state norm (97 days vs 79 days). Inventory is robust, with 209 new listings versus just 79 transactions in the past three months, creating a buyer‑friendly environment despite a high sale‑to‑list ratio of 97.5%. Single‑family homes dominate activity, posting a median price of $630,000 (up 5% YoY) and an average size of 2,430 sq ft, while townhomes and condos lag with only five sales and a median price of $390,000. Economic back‑drops reinforce the cooling trend. Mortgage rates have begun to climb again, reaching 6.42% for the 30‑year loan—a rise after a brief dip to 6.06% earlier in the spring—while the Fed Funds rate holds steady at 3.64%. Unemployment remains low and stable (Utah 3.6%, US 4.4%), and consumer sentiment is steady at 56.4, but the upward pressure on borrowing costs is likely to temper demand. On the local side, Hurricane benefits from its proximity to the St. George golf corridor, a growing draw for recreation‑oriented buyers, yet the “election year blues” in Utah’s housing legislation may introduce uncertainty for future development incentives. Overall, buyers can expect more negotiating power and longer search times as the market shifts toward a more balanced, cooling environment.