Market Overview
balancedWasatch County’s median home price (~$960k) is roughly double the Utah statewide median, while inventory and days‑on‑market suggest a more balanced pace than the state’s tighter markets.- •Median closed price $959,900; single‑family median $1,364,900, townhome/condo median $640,641.
- •Sale‑to‑list ratio 97.6% and 227 closed transactions in the last 3 months show buyers are still willing to meet list prices.
- •693 active listings (467 SFR, 226 townhome/condo) and an average of 100 days on market point to a balanced supply‑demand dynamic.
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Frequently Asked Questions About Wasatch County Real Estate
Wasatch County, Utah is currently a balanced market. Wasatch County’s median home price (~$960k) is roughly double the Utah statewide median, while inventory and days‑on‑market suggest a more balanced pace than the state’s tighter markets.
Home prices in Wasatch County, Utah have increased by 44.0% over the past year. The median sale price went from $955,000 to $1,375,000 (+44.0%).
The Wasatch County market remains steady for buyers, with a neutral regime and stable mortgage rates that have edged up modestly (30‑year rates from 6.11% to 6.46% over the past six months). Unemployment is low and unchanged (Utah 3.6%, national 4.2‑4.4%), consumer sentiment and shelter‑cost indices are flat, and housing starts and permits are steady, indicating no major macro‑economic shock on the horizon. The slight rise in rates has lengthened the average days on market to about 100 days, but the 97.6% sale‑to‑list ratio shows demand is still strong enough to fetch near‑list prices.
Across the county’s eight communities—including Heber City, Midway, Hideout, Kamas, and Daniel—inventory is ample with 467 single‑family homes and 226 townhomes/condos currently active, and a healthy pipeline of 594 new listings in the last quarter. While the market is not “hot” (prices are high but days on market are moderate), the balance of supply and demand keeps it in a “balanced” temperature, offering buyers negotiating room without the pressure of a rapidly appreciating market. The market temperature is rated "balanced." Wasatch County’s median home price (~$960k) is roughly double the Utah statewide median, while inventory and days‑on‑market suggest a more balanced pace than the state’s tighter markets.