Market Overview
balancedWashington Terrace homes sell for roughly 25% less than the Utah median, move 12% faster, and achieve a near‑list sale price.- •Median home price is $389K, 25% below the state median of $518.9K.
- •Prices fell 7.8% month‑over‑month, but the sale‑to‑list ratio remains high at 99.7%.
- •Homes spend only 63 days on market, 9 days quicker than the state average.
- •Inventory is modest with 41 new listings and 28 closed sales in the past three months.
- •Mortgage rates have risen from a six‑month low of 6.06% to 6.35% this month, adding pressure on affordability.
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Frequently Asked Questions About Washington Terrace Real Estate
As of May 2026, the median home price in Washington Terrace, Utah is $389,000, which is 24.9% below the Utah state median of $517,990. Home prices in Washington Terrace range from $295,000 to $659,900, with an average sale price of $409,316. These figures are based on recent closed transactions in the Washington Terrace real estate market.
Washington Terrace, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.7% and homes spending an average of 63 days on the market. Washington Terrace homes sell for roughly 25% less than the Utah median, move 12% faster, and achieve a near‑list sale price.
Homes in Washington Terrace, Utah spend an average of 63 days on the market before going under contract compared to the Utah state average of 72 days (12.8% below average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.