Market Overview
coolingUtah’s market is cooling slower than the national market, with higher buyer sentiment and lower unemployment keeping price growth modestly positive.- •Median home price is $525,000, up 2.4% YoY, but down 3.8% month‑over‑month.
- •Closed transactions fell 13% YoY to 9,636, while active listings sit at 13,952, creating a buyer‑friendly inventory balance.
- •Mortgage rates have risen to 6.49% for a 30‑year fixed, adding roughly $100 to the monthly payment on a $400k loan and pressuring price momentum.
- •Single‑family homes remain the dominant segment, with a median price of $585,000 (+1.7% YoY) and a 99% sale‑to‑list ratio, whereas townhomes/condos slipped 1.2% YoY to $400,000.
- •Utah’s RE sentiment score of 64 far exceeds the national composite of 49, indicating localized confidence despite broader market cooling.
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Frequently Asked Questions About Utah Real Estate
As of July 2026, the Utah real estate market is a cooling market that is shifting toward buyers. The statewide median home price is $525,000, with 13,952 active listings and an average of 61 days on market. The market spans 61 counties.
Utah home prices have decreased 1.7% year-over-year, with the current statewide median at $525,000. Month-over-month, prices changed -3.8%.
Homes in Utah currently take an average of 61 days on market before going under contract. This varies significantly by county — high-demand areas along the Wasatch Front typically sell faster than rural markets.
