Market Overview
balancedNephi’s median home price is about 3 % below the Utah median, but homes sit on the market ~67 % longer and sell for roughly list, indicating a slightly slower pace than the state overall.- •Median price rose 7.1 % month‑over‑month, pushing the $509,900 median still 2.9 % under the state average.
- •Days on market average 103 days, far above the Utah average of 61 days, reflecting higher inventory (56 new listings vs 31 closed sales).
- •Sale‑to‑list ratio is 99 %, showing buyers are paying close to asking despite the slower turnover.
- •30‑year mortgage rates have crept up from 6.1 % in January to 6.49 % in July, adding cost pressure for buyers.
- •Utah’s new housing division aims to accelerate construction, which could increase supply and temper price growth.
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Frequently Asked Questions About Nephi Real Estate
As of July 2026, the median home price in Nephi, Utah is $509,900, which is 2.9% below the Utah state median of $525,000. Home prices in Nephi range from $250,000 to $1,500,000, with an average sale price of $502,877. These figures are based on recent closed transactions in the Nephi real estate market.
Nephi, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.0% and homes spending an average of 103 days on the market. Nephi’s median home price is about 3 % below the Utah median, but homes sit on the market ~67 % longer and sell for roughly list, indicating a slightly slower pace than the state overall.
Homes in Nephi, Utah spend an average of 103 days on the market before going under contract compared to the Utah state average of 61 days (67.7% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.