Homes for Sale in Heber City, Utah

Heber City’s residential market remains decidedly premium, with a median closed price of $975,000—almost double the Utah statewide median. Prices have accelerated sharply, posting a 112.5% month‑over‑month increase, while the sale‑to‑list ratio of 97.4% shows buyers are still meeting near‑list offers. However, homes are staying on the market longer (130 days vs. 79 days statewide), reflecting a modest cooling pressure as inventory tightens (217 active single‑family homes and 98 townhomes/condos) and mortgage rates have begun to climb again, rising from 6.13% to 6.42% over the past month. Economic indicators over the past six months point to a stable macro environment: the 30‑year mortgage rate has edged upward, unemployment remains low (Utah 3.6%, national 4.4%), and consumer sentiment is steady around the mid‑50s. Housing starts have risen, and new developments—both the high‑end “The Slope” luxury village and the city‑specific 142‑unit workforce housing proposal—could add supply, but the latter hinges on school‑district support. For buyers, the market is warm: strong price growth and willingness to meet list prices persist, yet longer days on market and rising rates suggest a window for negotiation, especially on properties that have lingered beyond the average DOM.