Name: Hyde Park Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Hyde Park, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Hyde Park, Utah is $700,000, which is 33.3% above the Utah state median of $525,000. Home prices in Hyde Park range from $349,000 to $1,749,900, with an average sale price of $719,873. These figures are based on recent closed transactions in the Hyde Park real estate market.

Question 2

Is Hyde Park, Utah a buyer's or seller's market?

Accepted Answer

Hyde Park, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 98.3% and homes spending an average of 114 days on the market. Hyde Park’s median home price is roughly 33% above the Utah average while homes sit on the market 86% longer than the state norm.

Question 3

How long do homes stay on the market in Hyde Park?

Accepted Answer

Homes in Hyde Park, Utah spend an average of 114 days on the market before going under contract compared to the Utah state average of 61 days (86.1% above 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 Hyde Park, Utah?

Accepted Answer

As of July 2026, there are 32 active homes for sale in Hyde Park, Utah with 42 new listings added recently. In the most recent reporting period, 32 transactions closed in Hyde Park. 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 Hyde Park, Utah?

Accepted Answer

Yes — Hyde Park currently has 42 new listings recently added to the market, with prices starting from $349,000. 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 Hyde Park is $700,000.

Question 6

How does Hyde Park compare to the Utah state average?

Accepted Answer

Hyde Park home prices are 33.3% above the Utah state median of $525,000, with a local median of $700,000. Homes sell slower than the state average — 114 days in Hyde Park vs 61 days statewide (86.1% above average). The sale-to-list ratio is 98.3% locally vs 99.0% statewide.

Question 7

Are homes in Hyde Park more expensive than the Utah average?

Accepted Answer

Yes, homes in Hyde Park are more expensive than the Utah state average. The median home price in Hyde Park is $700,000, compared to the statewide median of $525,000 — a difference of $175,000 (+33.3%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Hyde Park than the rest of Utah?

Accepted Answer

No, homes in Hyde Park take longer to sell than the Utah average. The average days on market in Hyde Park is 114 days, compared to 61 days statewide (86.1% above average). Buyers in Hyde Park have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered cooling.

Question 9

How have home prices changed in Hyde Park over the past year?

Accepted Answer

Home prices in Hyde Park, Utah have increased by 1.8% over the past year. The median sale price went from $628,000 to $639,000. This moderate appreciation is consistent with steady market fundamentals. Check the Hyde Park market trends section above for detailed charts.

Question 10

Is the Hyde Park housing market heating up or cooling down?

Accepted Answer

The Hyde Park housing market is currently heating up, with prices up 1.8% year-over-year and days on market decreasing by 39.7%. The market temperature is rated "cooling" based on current conditions. Hyde Park’s median home price is roughly 33% above the Utah average while homes sit on the market 86% longer than the state norm. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Hyde Park home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Hyde Park, Utah was $628,000. Today, the median is $639,000, representing a change of +1.8% ($11,000 increase). During that same period, the average days on market went from 136 to 82 days.

Question 12

What is the current market outlook for Hyde Park, Utah?

Accepted Answer

Hyde Park’s residential market remains pricey, with a median closed price of $700,000—about $175,000 above the Utah median. Despite the premium, prices have slipped 10.6% from the prior month, and homes are staying on the market for an average of 114 days, 86% longer than the state average. The high sale‑to‑list ratio of 98.3% shows that buyers are still willing to meet asking prices, but the lengthening days and recent price dip signal a cooling trend. Inventory is modestly softening; 42 new listings versus 32 closed transactions in the past three months suggest a slight build‑up of supply.

The broader economic backdrop reinforces this cooling narrative. The 30‑year mortgage rate has edged up from 6.10% in January to 6.49% in July, while the 15‑year rate rose from 5.47% to 5.85%, nudging borrowing costs higher. Unemployment remains stable (U.S. ~4.2%, Utah 3.6%) and consumer sentiment is flat, offering no immediate demand boost. Statewide initiatives to accelerate homebuilding and the recent uptick in mortgage rates are likely to increase future supply and temper price growth. For buyers, the current environment offers a chance to negotiate near‑list prices in a market that is gradually shifting from a hot to a more balanced, cooling phase. The market temperature is rated "cooling." Hyde Park’s median home price is roughly 33% above the Utah average while homes sit on the market 86% longer than the state norm.

Question 13

What are the key highlights of the Hyde Park housing market?

Accepted Answer

Key highlights of the Hyde Park, Utah housing market include: Median price is $700 K, 33% higher than the Utah median, but fell 10.6% month‑over‑month.. Days on market average 114 days, nearly double the state average of 61 days.. Sale‑to‑list ratio remains strong at 98.3%, indicating sellers still receive near‑asking prices.. Mortgage rates have risen modestly over the past six months (30‑yr up from 6.10% to 6.49%).. New listings (42) exceed closed sales (32) over the last three months, adding modest inventory pressure.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Hyde Park, Utah?

Accepted Answer

Homes in Hyde Park, Utah range from $349,000 to $1,749,900, with a median price of $700,000. The standard deviation is $285,356, 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 Hyde Park, Utah?

Accepted Answer

Hyde Park has an average broadband download speed of 3400 Mbps and 32% of homes have access to fiber internet. Top internet providers include Xfinity, Google Fiber, Utah Telecommunication Open Infrastructure Agency. This is above average for Utah, supporting remote work and streaming. Residents have an average of 10.3 provider options.

Question 16

What is the price per square foot in Hyde Park?

Accepted Answer

The median price per square foot in Hyde Park, Utah is $194. The average home size is 3,736 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 17

Is now a good time to buy a home in Hyde Park, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Hyde Park's market rated as "cooling." Prices are rising at 1.8% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 18

When is the best time to buy a home in Hyde Park?

Accepted Answer

Historically, May offers the most new listings in Hyde Park, 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 Hyde Park

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Deals & Lifestyle in Hyde Park

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Highlights in Hyde Park

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Hyde Park Real Estate FAQ

Frequently Asked Questions About Hyde Park Real Estate