Name: Millcreek Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Millcreek, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Millcreek, Utah is $650,000, which is 23.8% above the Utah state median of $525,000. Home prices in Millcreek range from $230,000 to $4,250,000, with an average sale price of $745,729. These figures are based on recent closed transactions in the Millcreek real estate market.

Question 2

Is Millcreek, Utah a buyer's or seller's market?

Accepted Answer

Millcreek, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 98.5% and homes spending an average of 42 days on the market. Millcreek’s median home price ($650 K) sits roughly 24 % above the Utah median ($525 K) and is appreciating faster, while homes sell in about 41 days versus the state’s 61‑day average.

Question 3

How long do homes stay on the market in Millcreek?

Accepted Answer

Homes in Millcreek, Utah spend an average of 42 days on the market before going under contract compared to the Utah state average of 61 days (31.6% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Millcreek, Utah?

Accepted Answer

As of July 2026, there are 121 active homes for sale in Millcreek, Utah with 220 new listings added recently. In the most recent reporting period, 122 transactions closed in Millcreek. 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 Millcreek, Utah?

Accepted Answer

Yes — Millcreek currently has 220 new listings recently added to the market, with prices starting from $230,000. 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 Millcreek is $650,000.

Question 6

How does Millcreek compare to the Utah state average?

Accepted Answer

Millcreek home prices are 23.8% above the Utah state median of $525,000, with a local median of $650,000. Homes sell faster than the state average — 42 days in Millcreek vs 61 days statewide (31.6% below average). The sale-to-list ratio is 98.5% locally vs 99.0% statewide.

Question 7

Are homes in Millcreek more expensive than the Utah average?

Accepted Answer

Yes, homes in Millcreek are more expensive than the Utah state average. The median home price in Millcreek is $650,000, compared to the statewide median of $525,000 — a difference of $125,000 (+23.8%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Millcreek than the rest of Utah?

Accepted Answer

Yes, homes in Millcreek sell faster than the Utah average. The average days on market in Millcreek is 42 days, compared to 61 days statewide (31.6% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered warm.

Question 9

How have home prices changed in Millcreek over the past year?

Accepted Answer

Home prices in Millcreek, Utah have increased by 18.6% over the past year. The median sale price went from $617,000 to $732,000. This strong appreciation reflects growing demand in the area. Check the Millcreek market trends section above for detailed charts.

Question 10

Is the Millcreek housing market heating up or cooling down?

Accepted Answer

The Millcreek housing market is currently heating up, with prices up 18.6% year-over-year and days on market decreasing by 1.5%. The market temperature is rated "warm" based on current conditions. Millcreek’s median home price ($650 K) sits roughly 24 % above the Utah median ($525 K) and is appreciating faster, while homes sell in about 41 days versus the state’s 61‑day average. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Millcreek home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Millcreek, Utah was $617,000. Today, the median is $732,000, representing a change of +18.6% ($115,000 increase). During that same period, the average days on market went from 50 to 49 days.

Question 12

What is the current market outlook for Millcreek, Utah?

Accepted Answer

Millcreek’s residential market remains vigorous. The median closed price of $650 K is 24 % higher than the Utah average, and prices have risen 12.6 % over the past month. Buyers are competing aggressively, as reflected by a 98.5 % sale‑to‑list ratio and a 41‑day average time on market—significantly faster than the state’s 61 days. Single‑family homes are especially pricey, with a median of $825 K and $336 per square foot, while townhomes and condos sit at a more affordable $479 K median. Inventory is modest but tightening, with 63 active single‑family listings and 59 condos, and a healthy flow of new listings (224 in the last three months) keeping the market balanced yet buyer‑favored.

On the macro side, mortgage rates have edged upward from 6.1 % in January to 6.49 % in July, a modest rise that could temper some demand but has not yet slowed price momentum. Unemployment remains low and stable (Utah 3.6 %, national 4.2 %), and consumer sentiment is flat, supporting continued buying power. The state’s new housing division aims to boost construction, and Millcreek’s own 23‑unit condo approval adds future supply, but the short‑term outlook stays warm as demand outpaces the incremental inventory. Overall, Millcreek is a warm‑to‑hot market where buyers should act quickly, though the slight uptick in rates suggests monitoring financing costs closely. The market temperature is rated "warm." Millcreek’s median home price ($650 K) sits roughly 24 % above the Utah median ($525 K) and is appreciating faster, while homes sell in about 41 days versus the state’s 61‑day average.

Question 13

What are the key highlights of the Millcreek housing market?

Accepted Answer

Key highlights of the Millcreek, Utah housing market include: Median price is $650 K, up 12.6 % month‑over‑month and 23.8 % above the state median.. Homes spend only 41 days on market, 32 % less time than the Utah average, with a 98.5 % sale‑to‑list ratio.. SFRs command a median of $825 K (average 2,755 sq ft, $336/sq ft) while townhomes/condos median $479 K (1,787 sq ft, $284/sq ft).. Mortgage rates have crept up from 6.1 % in Jan to 6.49 % in July, but unemployment remains low (Utah 3.6 %).. City‑specific development activity includes a newly approved 23‑unit condo near Millcreek Common, adding fresh inventory to the downtown core.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Millcreek, Utah?

Accepted Answer

Homes in Millcreek, Utah range from $230,000 to $4,250,000, with a median price of $650,000. The standard deviation is $472,915, 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 Millcreek, Utah?

Accepted Answer

Millcreek has an average broadband download speed of 9185 Mbps and 100% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Google Fiber, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 13.3 provider options.

Question 16

Are single-family homes or condos a better investment in Millcreek?

Accepted Answer

In Millcreek, single-family homes have a median price of $825,000 (+17.9% YoY), while townhomes/condos are $479,000 (+11.4% YoY). SFRs sell in 18 days vs 35 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 17

What is the price per square foot in Millcreek?

Accepted Answer

The median price per square foot in Millcreek, Utah is $307. The average home size is 2,342 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 18

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

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Millcreek's market rated as "warm." Prices are rising at 18.6% 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 19

When is the best time to buy a home in Millcreek?

Accepted Answer

Historically, April offers the most new listings in Millcreek, 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

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