Homes for Sale in Vineyard, Utah

Vineyard’s residential market is entering a cooling phase. While the median closed price of $550,000 sits about 7.8% above the Utah state median, the sharp 28.8% month‑over‑month price decline and a modestly higher days‑on‑market (80 vs. 79 days statewide) signal that price growth is stalling. The sale‑to‑list ratio of 99.5% indicates buyers are still meeting list prices, but the surplus of listings (67) compared with only 26 closed sales over the last quarter points to growing inventory and reduced buyer urgency. On the macro side, mortgage rates have risen in the past 30 days, climbing to 6.42% after a brief dip, while the Fed Funds rate has held steady at 3.64%. Unemployment remains stable both nationally (4.4%) and in Utah (3.6%), and consumer sentiment has plateaued around the mid‑50s. Housing starts and permits are robust, but the slight dip in real‑estate sentiment scores (RE Composite 48‑51, Utah RE 63‑69) suggests a cautious outlook. Together, these factors create a balanced‑to‑cooling environment for prospective homebuyers in Vineyard, where price concessions may become more common as inventory pressures mount.