Homes for Sale in Harrisville, Utah

Harrisville’s residential market remains affordable relative to the rest of Utah, with a median price roughly $75 k below the state average. Buyers benefit from a quicker turnover—homes spend an average of 66 days on market, 15% less time than the state average—and a near‑list sale‑to‑list ratio of 99.3%, indicating that sellers are still achieving close to asking prices despite the recent price dip. However, the market has experienced a pronounced month‑over‑month price decline of 40.5%, driven in part by a surge in new listings (58) that outpaces the modest 21 closed sales over the same period, creating a buyer‑friendly inventory balance. On the macro side, mortgage rates have begun to climb again, moving from a six‑month low of 6.06% to 6.42% in the most recent month, while the Fed Funds rate has held steady at 3.64%. Unemployment remains low and stable (Utah 3.6%, US 4.4%), and consumer sentiment is steady at a 56.4 index. These economic signals, combined with the price correction and rising financing costs, suggest a market that is transitioning from a hot phase to a more balanced, slightly cooling environment—still attractive for buyers who can act quickly in a market where homes are selling faster than the state average.