Name: Lake Point Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Lake Point, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Lake Point, Utah is $640,990, which is 22.1% above the Utah state median of $525,000. Home prices in Lake Point range from $494,000 to $979,999, with an average sale price of $646,930. These figures are based on recent closed transactions in the Lake Point real estate market.

Question 2

Is Lake Point, Utah a buyer's or seller's market?

Accepted Answer

Lake Point, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 99.0% and homes spending an average of 172 days on the market. Lake Point’s median home price is roughly 26 % higher than the Utah average, while homes linger on the market about 2½ times longer, indicating a premium market with slower turnover.

Question 3

How long do homes stay on the market in Lake Point?

Accepted Answer

Homes in Lake Point, Utah spend an average of 172 days on the market before going under contract compared to the Utah state average of 61 days (181.6% 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 Lake Point, Utah?

Accepted Answer

As of July 2026, there are 24 active homes for sale in Lake Point, Utah with 26 new listings added recently. In the most recent reporting period, 14 transactions closed in Lake Point. 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 Lake Point, Utah?

Accepted Answer

Yes — Lake Point currently has 26 new listings recently added to the market, with prices starting from $494,000. 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 Lake Point is $640,990.

Question 6

How does Lake Point compare to the Utah state average?

Accepted Answer

Lake Point home prices are 22.1% above the Utah state median of $525,000, with a local median of $640,990. Homes sell slower than the state average — 172 days in Lake Point vs 61 days statewide (181.6% above average). The sale-to-list ratio is 99.0% locally vs 99.0% statewide.

Question 7

Are homes in Lake Point more expensive than the Utah average?

Accepted Answer

Yes, homes in Lake Point are more expensive than the Utah state average. The median home price in Lake Point is $640,990, compared to the statewide median of $525,000 — a difference of $115,990 (+22.1%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Lake Point than the rest of Utah?

Accepted Answer

No, homes in Lake Point take longer to sell than the Utah average. The average days on market in Lake Point is 172 days, compared to 61 days statewide (181.6% above average). Buyers in Lake Point have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered warm.

Question 9

How have home prices changed in Lake Point over the past year?

Accepted Answer

Home prices in Lake Point, Utah have decreased by 4.0% over the past year. The median sale price went from $739,295 to $710,000. This slight correction may create buying opportunities for prospective homeowners. Check the Lake Point market trends section above for detailed charts.

Question 10

Is the Lake Point housing market heating up or cooling down?

Accepted Answer

The Lake Point housing market is currently showing mixed signals, with prices down 4.0% year-over-year and days on market increasing by 2.6%. The market temperature is rated "warm" based on current conditions. Lake Point’s median home price is roughly 26 % higher than the Utah average, while homes linger on the market about 2½ times longer, indicating a premium market with slower turnover. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Lake Point home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Lake Point, Utah was $739,295. Today, the median is $710,000, representing a change of -4.0% ($29,295 decrease). During that same period, the average days on market went from 155 to 159 days.

Question 12

What is the current market outlook for Lake Point, Utah?

Accepted Answer

Lake Point’s residential market remains a premium segment within Utah, with the median single‑family home price at $659,990—about $135,000 above the state median. Prices have risen 7.6 % over the past month and 4.2 % year‑over‑year, driven in part by the upcoming health‑care campus at The Point, which is expected to boost local employment and attract higher‑income buyers. However, homes are staying on the market much longer (167 days vs. 61 days statewide), indicating that while buyers are willing to meet list prices (sale‑to‑list ratio 99 %), demand is tempered by the recent rise in 30‑year mortgage rates, which have climbed from 6.1 % in January to 6.49 % in July. Unemployment remains low and stable (Utah 3.6 %), and consumer sentiment is flat, so financing pressure rather than job security is the primary drag on speed of sales.

The market’s “warm” temperature reflects this mix of price strength and slower turnover. The recent brush fire near Lakeshore Drive highlighted localized wildfire risk, but swift containment limited damage and should not materially affect long‑term desirability. Meanwhile, the state’s new housing division aims to accelerate construction, which could eventually increase supply and moderate price growth. For buyers, the key considerations are the premium price level, the longer time needed to find a suitable property, and the modest upward trend in mortgage rates that may affect affordability in the coming months. The market temperature is rated "warm." Lake Point’s median home price is roughly 26 % higher than the Utah average, while homes linger on the market about 2½ times longer, indicating a premium market with slower turnover.

Question 13

What are the key highlights of the Lake Point housing market?

Accepted Answer

Key highlights of the Lake Point, Utah housing market include: Median price is $659,990, up 7.6 % month‑over‑month and 4.2 % YoY, outpacing the state median by 25.7 %.. Days on market average 167 days, 172.6 % higher than the state average of 61 days, reflecting reduced buyer urgency.. Sale‑to‑list ratio sits at 99 %, showing buyers are still willing to meet asking prices despite longer listing periods.. Inventory is tight: only 15 closed sales versus 28 new listings in the past three months, with 26 active listings and 6 under contract.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Lake Point, Utah?

Accepted Answer

Homes in Lake Point, Utah range from $494,000 to $979,999, with a median price of $640,990. The standard deviation is $119,467, indicating relatively consistent pricing across the area. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What is the internet quality in Lake Point, Utah?

Accepted Answer

Lake Point has an average broadband download speed of 1922 Mbps and 100% of homes have access to fiber internet. Top internet providers include Quantum Fiber, Xfinity, Beehive Broadband. This is above average for Utah, supporting remote work and streaming. Residents have an average of 9.2 provider options.

Question 16

What is the price per square foot in Lake Point?

Accepted Answer

The median price per square foot in Lake Point, Utah is $172. The average home size is 3,663 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 Lake Point, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Lake Point's market rated as "warm." Prices are stabilizing at 4.0% 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 18

When is the best time to buy a home in Lake Point?

Accepted Answer

Historically, April offers the most new listings in Lake Point, 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 Lake Point

$539,990

$564,990

$544,990

$494,000

$504,990

$549,000

$799,900

$700,000

$656,990

$619,990

$830,000

$675,000

Deals & Lifestyle in Lake Point

$539,990

$544,990

$494,000

$504,990

$549,000

$539,900

$539,990

$564,990

$544,990

$504,990

$799,900

$700,000

$656,990

$619,990

$830,000

$675,000

$539,900

$719,000

$830,000

Highlights in Lake Point

$549,900

$785,000

$514,500

$514,500

$779,000

$656,990

$639,990

$830,000

$669,900

$753,000

$539,900

$719,000

$719,000

$700,000

$539,990

$564,990

$504,990

$544,990

$979,999

$740,000

Lake Point Real Estate FAQ

Frequently Asked Questions About Lake Point Real Estate

What is the median home price in Lake Point, Utah in 2026?

What is the median home price in Lake Point, Utah in 2026?

Is Lake Point, Utah a buyer's or seller's market?

Is Lake Point, Utah a buyer's or seller's market?

How long do homes stay on the market in Lake Point?

How long do homes stay on the market in Lake Point?

How many homes are for sale in Lake Point, Utah?

How many homes are for sale in Lake Point, Utah?

Are there new construction homes for sale in Lake Point, Utah?

Are there new construction homes for sale in Lake Point, Utah?

How does Lake Point compare to the Utah state average?

How does Lake Point compare to the Utah state average?

Are homes in Lake Point more expensive than the Utah average?

Are homes in Lake Point more expensive than the Utah average?

Do homes sell faster in Lake Point than the rest of Utah?

Do homes sell faster in Lake Point than the rest of Utah?

How have home prices changed in Lake Point over the past year?

How have home prices changed in Lake Point over the past year?