Homes for Sale in Moab, Utah

Moab’s residential market is experiencing a paradox of rising prices and sluggish sales velocity. Over the past three months, the median closed price climbed to $615,000—about 20.6% above the Utah median—and surged 31.3% month‑over‑month, driven largely by single‑family homes whose median price sits at $764,648. However, homes are staying listed for an average of 240 days, more than three times the state average, and only 28 transactions closed while 71 new listings entered the market, suggesting that demand is not keeping pace with the expanding inventory. The strong 95% sale‑to‑list ratio indicates that sellers can still command near‑list prices, but the prolonged days on market point to a balanced, possibly cooling, environment. Macro‑economic trends reinforce this tempered outlook. The 30‑year mortgage rate has edged up from 6.06% to 6.13% over the last 30 days, and the 30‑day trend is rising, adding cost pressure for buyers. Unemployment remains stable (Utah 3.6%, national 4.4%) and consumer sentiment is flat, while housing starts and permits have plateaued, indicating no imminent surge in new supply. City‑specific news—such as the Grand County Planning Commission’s recommendation to rezone 235 acres for tourism expansion and Echo Canyon’s new mixed‑use development—could eventually boost local employment and attract more buyers, but in the short term the market remains balanced, with price growth outpacing buyer activity.