Homes for Sale in Mountain Green, Utah

Mountain Green remains a high‑priced enclave, with the median sale price $425 k above the state average. Demand is still strong enough to pull offers to 97.6% of asking and to clear listings in roughly 70 days, faster than the Utah norm. However, the market showed a pronounced 22.3% price dip from the prior month, suggesting buyers are gaining a modest negotiating edge as inventory stays thin (12 closed transactions versus 24 new listings in the last three months). On the macro side, 30‑year mortgage rates have begun to climb again, rising from a six‑month low of 6.06% in February to 6.42% in April, while the 15‑year rate followed a similar uptick. Unemployment remains stable (U.S. 4.4%, Utah 3.6%) and consumer sentiment is steady at 56.4, indicating no major economic shock. Combined with regional news that mortgage rates are still near a three‑year low but trending upward, the overall environment points to a balanced market—high prices and fast sales tempered by recent price concessions and rising financing costs.