Homes for Sale in Providence, Utah

Providence’s residential market remains on the pricier side of Utah, with the median closed price at $552,400—about $42,400 above the state median. The market has seen a dramatic month‑over‑month price jump of +44.5 %, reflecting the scarcity of inventory (56 new listings against just 16 sales in the last quarter). Buyers are still paying close to list, as evidenced by a 98.7 % sale‑to‑list ratio, but homes are taking longer to sell, averaging 100 days on market, roughly 27 % more than the state average. Single‑family homes dominate activity, with a median price of $615,000 and an average size of 3,393 sq ft, while townhomes/condos trade at a median of $347,000. On the macro side, mortgage rates have begun to rise again, moving from a six‑month low of 6.06 % to 6.42 % in the most recent month, which could temper demand. Nonetheless, unemployment remains low and stable (Utah 3.6 %, US 4.4 %), consumer sentiment is steady at an index of 56.4, and housing starts are climbing, indicating continued construction activity. These fundamentals keep the market in a “warm” regime—still favorable for sellers but with emerging headwinds that may slow price acceleration in the near term.