Homes for Sale in Draper, Utah

The Draper real‑estate market remains robust, driven by a median home price of $808,500—well above the state median—and a striking 23.7% price jump over the past month. Buyers are still competing aggressively, as reflected by a 98.2% sale‑to‑list ratio and a tight inventory of 113 closed transactions versus 179 new listings in the last three months. Single‑family homes dominate the high‑end segment with a $1 M median price and large average square footage, while townhomes and condos provide more affordable entry points at a $480k median. Economic indicators show mortgage rates edging higher, with the 30‑year rate climbing from 6.06% to 6.42% over the past six months, and the 15‑year rate rising similarly. Despite this, the Fed Funds rate has held steady at 3.64%, and both Utah and national unemployment rates have remained stable (Utah at 3.6%). Consumer sentiment and housing starts are holding steady, supporting continued demand. The upcoming The Point mixed‑use project will add new housing and amenities, likely sustaining price momentum even as financing costs rise, keeping Draper’s market in a warm, slightly elevated state.