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 May 2026, the median home price in Millcreek, Utah is $632,700, which is 21.9% above the Utah state median of $518,888. Home prices in Millcreek range from $230,000 to $5,295,000, with an average sale price of $691,230. 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 balanced market. Key indicators include an average sale-to-list price ratio of 98.9% and homes spending an average of 52 days on the market. Millcreek’s median home price is about 22 % higher than the Utah average, yet homes sell roughly 20 days faster and at a 98.9 % sale‑to‑list ratio.

Question 3

How long do homes stay on the market in Millcreek?

Accepted Answer

Homes in Millcreek, Utah spend an average of 52 days on the market before going under contract compared to the Utah state average of 72 days (27.6% 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 May 2026, there are 105 active homes for sale in Millcreek, Utah with 229 new listings added recently. In the most recent reporting period, 107 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 229 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 $632,700.

Question 6

How does Millcreek compare to the Utah state average?

Accepted Answer

Millcreek home prices are 21.9% above the Utah state median of $518,888, with a local median of $632,700. Homes sell faster than the state average — 52 days in Millcreek vs 72 days statewide (27.6% below average). The sale-to-list ratio is 98.9% 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 $632,700, compared to the statewide median of $518,888 — a difference of $113,812 (+21.9%). 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 52 days, compared to 72 days statewide (27.6% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered balanced.

Question 9

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

Accepted Answer

Home prices in Millcreek, Utah have increased by 9.4% over the past year. The median sale price went from $585,000 to $640,000. 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 showing mixed signals, with prices up 9.4% year-over-year and days on market increasing by 1.0%. The market temperature is rated "balanced" based on current conditions. Millcreek’s median home price is about 22 % higher than the Utah average, yet homes sell roughly 20 days faster and at a 98.9 % sale‑to‑list ratio. 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 May 2025, the median home sale price in Millcreek, Utah was $585,000. Today, the median is $640,000, representing a change of +9.4% ($55,000 increase). During that same period, the average days on market went from 34 to 34 days.

Question 12

What is the current market outlook for Millcreek, Utah?

Accepted Answer

Millcreek remains a premium market within Utah, with a median home price $632,700—about $114,000 above the state median. Buyers are still motivated: properties sell in just 52 days, well under the state average, and the sale‑to‑list ratio sits at a robust 98.9 %. Single‑family homes dominate the price premium, posting a $739 k median and a modest 7 % year‑over‑year increase, while townhomes and condos are more price‑sensitive, showing a 10.6 % YoY decline to $380 k. Inventory is mixed; SFR listings are tight (42 active, 21 under contract), whereas townhome/condo supply is relatively abundant (63 active, 14 under contract), giving buyers more options in the latter segment.

On the macro side, mortgage rates have edged higher over the last six months, with the 30‑year rate climbing from 6.24 % to 6.35 %, which could temper price growth. However, unemployment remains stable (U.S. ~4.3 %, Utah 3.6 %) and consumer sentiment is steady at 56.4, supporting continued buyer confidence. Regional news about Utah’s new e‑bike legislation and water‑conservation initiatives, such as the RainHarvest rain‑barrel program, reflect a community focused on sustainability—an attractive factor for environmentally‑conscious homebuyers. Overall, the market is balanced: strong demand keeps homes moving quickly, but rising rates and modest price softening suggest a cautious outlook. The market temperature is rated "balanced." Millcreek’s median home price is about 22 % higher than the Utah average, yet homes sell roughly 20 days faster and at a 98.9 % sale‑to‑list ratio.

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 $632,700, 21.9 % above the state median, but down 1.5 % month‑over‑month.. Homes spend only 52 days on market versus the state’s 72 days, indicating strong buyer demand.. Single‑family homes command a $739 k median price (+7.1 % YoY) with limited inventory (42 active, 21 under contract).. Townhomes/condos are more affordable at $380 k median but have slipped 10.6 % YoY, and inventory is higher (63 active).. Mortgage rates have risen modestly over the past six months (30‑yr up from 6.24 % to 6.35 %).. 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 $5,295,000, with a median price of $632,700. The standard deviation is $704,767, 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 $739,000 (+7.1% YoY), while townhomes/condos are $380,000 (-10.6% YoY). SFRs sell in 23 days vs 49 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 $324. The average home size is 2,145 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 6.35% and Utah's unemployment rate is 3.6%, with Millcreek's market rated as "balanced." Prices are rising at 9.4% year-over-year. Current conditions may favor buyers with more negotiating room. 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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