Homes for Sale in Manti, Utah

Manti’s residential market remains anchored well below the Utah average, with a median price of $410 k versus the state’s $510 k. While prices have nudged up 5.7% year‑over‑year, the market is moving slowly; homes linger for an average of 169 days—more than double the state’s 79‑day benchmark—yet they still close near list price (95.8% of asking). The modest sales volume (10 closed transactions) and limited active listings (24) suggest a tight supply that keeps prices stable even as buyers face longer search times. On the macro side, mortgage rates have been on a slight downward trajectory over the past six months, falling from 6.26% to 6.06% before a recent rise to 6.42% in April, aligning with the “rate direction: rising” note. Unemployment remains steady (Utah 3.6%, US 4.4%) and consumer sentiment is stable around the mid‑50s, while housing starts have plateaued, indicating no imminent surge in new supply. Combined with regional news that mortgage rates are still near a three‑year low, the overall environment in Manti is balanced—buyers benefit from lower prices and strong sale‑to‑list ratios, but must contend with longer market times and the potential head‑wind of rising financing costs.