Homes for Sale in Erda, Utah

Erda’s housing market is anchored by a median price that outpaces the state by nearly a third, yet recent dynamics tell a different story. A sharp 48.5% month‑over‑month price decline and an 89% rate of price‑cut adjustments signal that sellers are conceding to buyer power. With 7.8 months of inventory—well above the six‑month threshold for a balanced market—buyers have ample choice, and the 40% deal fall‑through rate underscores lingering caution. Economic fundamentals support this buyer‑friendly tilt. Mortgage rates have hovered near a three‑year low at just over 6%, while construction activity remains robust, reflected in 59% of listings being new builds. However, the single‑family segment saw an 18.4% YoY price dip, and the high proportion of price reductions (nearly 60% of listings) suggest that price expectations are being reset. Combined with strong broadband scores (97.5/100) and solid amenity ratings, Erda offers attractive lifestyle benefits, but prospective buyers should leverage the current inventory surplus and negotiate aggressively given the market’s cooling temperature.