Homes for Sale in Roosevelt, Utah

Roosevelt’s housing market is currently anchored by a median price of $355 k, which is roughly $155 k below the state median, and a modest inventory of 38 new listings over the past three months. While the month‑over‑month price change of –7.2% signals a cooling pressure, the sale‑to‑list ratio of 98.9% and a 12.5% YoY gain in single‑family home values suggest that buyer demand remains resilient. Days on market sit at 80, just a day above the state average, indicating that homes are still moving at a reasonable pace despite the price dip. On the macro side, mortgage rates have begun to climb again, with the 30‑year rate now at 6.42% after a low of 6.06% in March, aligning with the recent “rising” rate direction noted in the market regime. Unemployment rates are stable—Utah at 3.6% and national at 4.4%—and consumer sentiment has held steady around the mid‑50s, providing a supportive economic backdrop. Recent statewide news about mortgage rates hovering near a three‑year low and local regulatory changes (e‑bike law) add nuance but do not appear to offset the modest price pressure. Overall, Roosevelt’s market is balanced, offering buyers relatively affordable entry points while still benefiting from strong buyer willingness to meet list prices.