Homes for Sale in Tooele, Utah

Tooele’s housing market remains attractive for buyers seeking value relative to the broader Utah market. The median closed price of $420,000 is roughly $90,000 cheaper than the state average, and the market is showing renewed price momentum with a 5.4% month‑over‑month increase. Inventory is moderate, with 265 new listings and 167 closed transactions over the past three months, and homes are selling quickly—average days on market matches the state at 79 days and the sale‑to‑list ratio sits at 99.2%, suggesting buyers are still willing to meet or exceed list prices. Single‑family homes dominate activity, with 129 sales and a median price of $450,000, while townhomes and condos are seeing price pressure, reflected in an 8.3% YoY decline. Economic indicators reinforce a balanced‑to‑warm outlook. Over the past six months, 30‑year mortgage rates fell from 6.26% to 6.06% before nudging up to 6.42% in the most recent month, indicating a slight upward pressure on borrowing costs. However, the Fed Funds rate has held steady at 3.64%, unemployment remains low (Utah 3.6%, national 4.4%), and consumer sentiment is stable at 56.4, all of which sustain buyer confidence. The prospect of a nuclear fuel‑cycle campus and recent approvals for new developments in Erda signal potential job growth and longer‑term demand, making Tooele a compelling market for buyers looking for affordability now with upside potential ahead.