Homes for Sale in Garland, Utah

Garland’s residential market is currently in a balanced state. Prices have slipped sharply in the past month (‑27.4% MoM), pulling the median home price to $429 k—about 16% below the Utah median of $510 k. Nevertheless, the market remains competitive: homes are selling in roughly 64 days, which is 18% faster than the state average, and buyers are paying virtually the full asking price (99.9% sale‑to‑list ratio). Inventory is modest, with only 22 new listings and 15 closed transactions over the last three months, keeping supply tight. On the macro side, mortgage rates have begun to rise again, climbing to 6.42% for the 30‑year loan in April after a brief dip to 6.06% in February. The Fed Funds rate has held steady at 3.64%, and Utah’s unemployment remains low at 3.6%, suggesting a stable economic backdrop. Consumer sentiment and regional housing starts are steady, while real‑estate sentiment has slipped slightly, hinting at cautious optimism. Together, these factors point to a market that is neither hot nor sharply cooling—buyers can expect solid value but should act promptly before rates and prices potentially shift.