Homes for Sale in Deer Valley, Utah

Deer Valley remains a sizzling seller’s market. With only two months of inventory and a median price that dwarfs the state average, buyers face steep price tags but benefit from rapid transaction cycles—properties spend just 12 days on the market and virtually no deals collapse. Despite a recent 6.9% month‑over‑month price dip and a 17% YoY decline, sales activity surged 350% YoY, reflecting strong demand for the area’s high‑end, ski‑centric homes. For prospective buyers, the market’s speed and limited supply mean acting quickly and being prepared with financing. Mortgage rates have edged slightly lower, hovering around 6.1%, which softens the cost of borrowing in an otherwise premium market. The community’s lifestyle amenities—high recreation scores, near‑universal broadband, and a majority of listings boasting pools and ski access—add tangible value that justifies the premium. Buyers should weigh the luxury benefits against the elevated price levels and limited inventory, and consider locking in rates now while they remain near three‑year lows.