Homes for Sale in Logan, Utah

Logan’s residential market is currently in a cooling phase. The median closed price of $399,900 is 21.6% lower than the Utah state median, and a sharp 29.6% month‑over‑month price decline signals that sellers are adjusting expectations. Inventory is ample, with 160 new listings in the past three months compared to 87 closed sales, resulting in an average of 88 days on market—12% longer than the state average. While the sale‑to‑list ratio remains near 99%, the price pressure suggests buyers have leverage, especially in the single‑family segment where median prices are flat YoY at $415,000. Townhome and condo sales are more upbeat, posting a 12.5% YoY price increase, indicating niche demand. On the macro side, 30‑year mortgage rates have been volatile, dipping to a low of 6.06% in February before climbing to 6.42% in April, reinforcing the recent “rising” rate trend. Unemployment remains low and stable (Utah 3.6%, US 4.4%), and consumer sentiment is steady at an index of 56.4, supporting buyer confidence despite higher financing costs. Local infrastructure projects—such as the resumed Logan River Trail undercrossing and the 1250 N/200 E intersection realignment—signal municipal investment in livability, which could enhance property values over the longer term. For buyers, the combination of lower prices, ample inventory, and improving neighborhood amenities makes Logan an attractive entry point, though they should monitor mortgage rate movements and the city’s housing policy discussions (e.g., potential parking meters) that could affect future affordability.