Homes for Sale in Kamas, Utah

Kamas’ residential market remains premium‑priced, with the median closed price at $995,000—about 95% higher than the Utah statewide median. The market has experienced a sharp 37.2% month‑over‑month price increase, yet homes are lingering longer, averaging 117 days on market versus the state’s 79 days. Single‑family homes dominate the inventory (44 active, 6 under contract) and command a median price of $1.175 million, though that is down 72% year‑over‑year, reflecting a correction from previous peaks. Townhomes and condos are more affordable at a $500,700 median but also show a sizable YoY decline (‑55.9%). The sale‑to‑list ratio of 96.3% suggests buyers are still able to negotiate modest discounts, tempering the headline price surge. On the macro side, mortgage rates have begun to rise again, with the 30‑year rate climbing to 6.42% after a brief dip, while the Fed Funds rate has held steady at 3.64% since early 2026. Unemployment remains low and stable (Utah 3.6%, national 4.4%), and consumer sentiment is steady around 56, supporting buyer confidence. Regional ski‑related news—early season closures and lift upgrades in nearby Park City—adds a mixed signal: reduced short‑term ski tourism could dampen demand, but long‑term infrastructure improvements may boost the area’s appeal. Overall, Kamas is in a warm market phase: strong price appreciation and premium pricing coexist with longer selling times and rising financing costs, suggesting buyers should act promptly but also negotiate carefully.