Name: Washington Terrace Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Washington Terrace, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Washington Terrace, Utah is $400,000, which is 23.8% below the Utah state median of $525,000. Home prices in Washington Terrace range from $259,000 to $599,900, with an average sale price of $408,792. These figures are based on recent closed transactions in the Washington Terrace real estate market.

Question 2

Is Washington Terrace, Utah a buyer's or seller's market?

Accepted Answer

Washington Terrace, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 100.0% and homes spending an average of 45 days on the market. Washington Terrace’s median home price is about $125 K (24 %) below the Utah median, and homes sell in roughly 45 days versus the state’s 61 days.

Question 3

How long do homes stay on the market in Washington Terrace?

Accepted Answer

Homes in Washington Terrace, Utah spend an average of 45 days on the market before going under contract compared to the Utah state average of 61 days (26.0% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Washington Terrace, Utah?

Accepted Answer

As of July 2026, there are 22 active homes for sale in Washington Terrace, Utah with 36 new listings added recently. In the most recent reporting period, 26 transactions closed in Washington Terrace. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Washington Terrace, Utah?

Accepted Answer

Yes — Washington Terrace currently has 36 new listings recently added to the market, with prices starting from $259,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Washington Terrace is $400,000.

Question 6

How does Washington Terrace compare to the Utah state average?

Accepted Answer

Washington Terrace home prices are 23.8% below the Utah state median of $525,000, with a local median of $400,000. Homes sell faster than the state average — 45 days in Washington Terrace vs 61 days statewide (26.0% below average). The sale-to-list ratio is 100.0% locally vs 99.0% statewide.

Question 7

Are homes in Washington Terrace more expensive than the Utah average?

Accepted Answer

No, homes in Washington Terrace are more affordable than the Utah state average. The median home price in Washington Terrace is $400,000, compared to the statewide median of $525,000 — a difference of $125,000 (-23.8%). This makes Washington Terrace an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Washington Terrace than the rest of Utah?

Accepted Answer

Yes, homes in Washington Terrace sell faster than the Utah average. The average days on market in Washington Terrace is 45 days, compared to 61 days statewide (26.0% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered cooling.

Question 9

How have home prices changed in Washington Terrace over the past year?

Accepted Answer

Home prices in Washington Terrace, Utah have increased by 3.9% over the past year. The median sale price went from $361,000 to $375,000. This moderate appreciation is consistent with steady market fundamentals. Check the Washington Terrace market trends section above for detailed charts.

Question 10

Is the Washington Terrace housing market heating up or cooling down?

Accepted Answer

The Washington Terrace housing market is currently heating up, with prices up 3.9% year-over-year and days on market decreasing by 57.9%. The market temperature is rated "cooling" based on current conditions. Washington Terrace’s median home price is about $125 K (24 %) below the Utah median, and homes sell in roughly 45 days versus the state’s 61 days. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Washington Terrace home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Washington Terrace, Utah was $361,000. Today, the median is $375,000, representing a change of +3.9% ($14,000 increase). During that same period, the average days on market went from 71 to 30 days.

Question 12

What is the current market outlook for Washington Terrace, Utah?

Accepted Answer

Washington Terrace’s residential market is currently in a cooling phase. Over the past three months the median closed price dropped 14.4 % to $400 K, which is 23.8 % lower than the Utah statewide median of $525 K. Inventory remains tight with only 22 active listings (19 single‑family, 3 townhomes/condos) and 26 closed transactions, yet homes are selling faster—average days on market is 45, 25.9 % below the state average. The sale‑to‑list ratio of 100 % shows buyers are still willing to meet asking prices, but the sharp price decline and rising mortgage rates are tempering demand.

On the macro side, 30‑year mortgage rates have edged up from 6.10 % in January to 6.49 % in July, while 15‑year rates rose similarly, adding cost pressure for buyers. Unemployment is stable (U.S. ~4.2 %, Utah 3.6 %) and consumer sentiment unchanged, but the recent statewide news of higher mortgage rates and a new housing division aimed at accelerating construction suggests a modest increase in future supply. Additionally, the anticipated 4.2 % hike in Rocky Mountain Power rates could raise household expenses, further encouraging price‑sensitive buyers to act now before costs rise. Overall, Washington Terrace offers prices well below the state average and quick sales, but buyers should be prepared for modestly higher financing costs and a market that is beginning to cool. The market temperature is rated "cooling." Washington Terrace’s median home price is about $125 K (24 %) below the Utah median, and homes sell in roughly 45 days versus the state’s 61 days.

Question 13

What are the key highlights of the Washington Terrace housing market?

Accepted Answer

Key highlights of the Washington Terrace, Utah housing market include: Median price fell 14.4 % month‑over‑month, now $400 K, well under the state median of $525 K.. Homes are moving quickly: average days on market 45, 25.9 % faster than the state average.. Sale‑to‑list ratio remains at 100 %, indicating buyers are still meeting asking prices despite price declines.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Washington Terrace, Utah?

Accepted Answer

Homes in Washington Terrace, Utah range from $259,000 to $599,900, with a median price of $400,000. The standard deviation is $93,336, indicating relatively consistent pricing across the area. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What is the internet quality in Washington Terrace, Utah?

Accepted Answer

Washington Terrace has an average broadband download speed of 4667 Mbps and 78% of homes have access to fiber internet. Top internet providers include Quantum Fiber, Utah Telecommunication Open Infrastructure Agency, Xfinity. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.7 provider options.

Question 16

Are single-family homes or condos a better investment in Washington Terrace?

Accepted Answer

In Washington Terrace, single-family homes have a median price of $400,000 (+1.3% YoY), while townhomes/condos are $257,800 (-30.9% YoY). SFRs sell in 28 days vs 51 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 17

What is the price per square foot in Washington Terrace?

Accepted Answer

The median price per square foot in Washington Terrace, Utah is $211. The average home size is 1,973 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 18

Is now a good time to buy a home in Washington Terrace, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Washington Terrace's market rated as "cooling." Prices are rising at 3.9% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 19

When is the best time to buy a home in Washington Terrace?

Accepted Answer

Historically, August offers the most new listings in Washington Terrace, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Washington Terrace

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Deals & Lifestyle in Washington Terrace

$268,000

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Highlights in Washington Terrace

Contact for Price

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$389,900

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$384,900

$435,000

Washington Terrace Real Estate FAQ

Frequently Asked Questions About Washington Terrace Real Estate

What is the median home price in Washington Terrace, Utah in 2026?

What is the median home price in Washington Terrace, Utah in 2026?

Is Washington Terrace, Utah a buyer's or seller's market?

Is Washington Terrace, Utah a buyer's or seller's market?

How long do homes stay on the market in Washington Terrace?

How long do homes stay on the market in Washington Terrace?

How many homes are for sale in Washington Terrace, Utah?

How many homes are for sale in Washington Terrace, Utah?

Are there new construction homes for sale in Washington Terrace, Utah?

Are there new construction homes for sale in Washington Terrace, Utah?

How does Washington Terrace compare to the Utah state average?

How does Washington Terrace compare to the Utah state average?

Are homes in Washington Terrace more expensive than the Utah average?

Are homes in Washington Terrace more expensive than the Utah average?

Do homes sell faster in Washington Terrace than the rest of Utah?

Do homes sell faster in Washington Terrace than the rest of Utah?

How have home prices changed in Washington Terrace over the past year?

How have home prices changed in Washington Terrace over the past year?

Is the Washington Terrace housing market heating up or cooling down?

Is the Washington Terrace housing market heating up or cooling down?

What were Washington Terrace home prices this time last year?

What were Washington Terrace home prices this time last year?