Homes for Sale in Centerville, Utah

Centerville’s residential market remains vigorous despite a recent uptick in mortgage rates. The median sale price of $585,000 is 14.7% higher than the Utah statewide median, and prices surged 39.1% month‑over‑month, reflecting robust demand. Single‑family homes are especially pricey, with a median of $718,000 and a 19.7% year‑over‑year increase, while townhomes and condos are more modest at $364,370 but have seen a slight 1.8% decline YoY. Inventory is modest, with 68 new listings and 32 closed transactions over the past three months, and homes are moving quickly—average days on market of 65 versus the state’s 79, and a sale‑to‑list ratio of 98.4%. Economically, the broader environment is stable: Utah unemployment holds steady at 3.6%, consumer sentiment remains around 56, and housing starts have plateaued near 1.5 million units. Mortgage rates, however, have begun to rise again, climbing from a low of 6.06% in March to about 6.42% currently, which could temper some of the price acceleration. Nonetheless, the combination of low inventory, fast sales, and prices well above state averages keeps Centerville’s market in a warm, buyer‑competitive zone.