Homes for Sale in Hooper, Utah

Hooper’s residential market remains premium relative to the rest of Utah, with a median price of $660,000—roughly $150,000 above the state median. However, the sharp 24.6% month‑over‑month price decline and a 102‑day average time on market suggest the market is losing some of its earlier momentum. Buyers are benefiting from a high sale‑to‑list ratio of 98%, meaning sellers are still willing to negotiate close to asking, but the longer days on market indicate that listings are not moving as quickly as they once did. On the macro side, mortgage rates have edged higher over the past 30 days, rising to 6.42% after a brief dip, while the 30‑year rate has hovered around the low‑6% range for the last six months. Unemployment remains stable—U.S. at 4.4% and Utah at 3.6%—and consumer sentiment has steadied around the mid‑50s. Housing starts and building permits have been rising, pointing to a healthy supply pipeline, but the current inventory in Hooper is still constrained. Recent statewide news notes that mortgage rates are near a three‑year low, yet the upward trend this month could temper buying enthusiasm. Overall, the market is balanced, with price corrections beginning but fundamentals still supportive for well‑qualified buyers.