Market Overview
balancedLake Point’s median home price is about 22% above the Utah average while homes linger on the market roughly three times longer than the state norm.- •Median closed price is $640,990, up 10% month‑over‑month and 22.1% above the Utah median.
- •Average days on market is 168 days, 176% higher than the state average of 61 days.
- •Sale‑to‑list ratio remains strong at 98.8%, indicating sellers still achieve near‑list prices.
- •30‑year mortgage rates have risen from 6.06% in February to 6.49% in July, adding roughly $100 to the monthly payment on a $400k loan.
- •Inventory is thin: 13 closed transactions versus 20 new listings in the last three months, with 21 active single‑family homes and 6 under contract.
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Frequently Asked Questions About Lake Point Real Estate
As of July 2026, the median home price in Lake Point, Utah is $640,990, which is 22.1% above the Utah state median of $525,000. Home prices in Lake Point range from $495,000 to $999,999, with an average sale price of $642,078. These figures are based on recent closed transactions in the Lake Point real estate market.
Lake Point, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 98.8% and homes spending an average of 168 days on the market. Lake Point’s median home price is about 22% above the Utah average while homes linger on the market roughly three times longer than the state norm.
Homes in Lake Point, Utah spend an average of 168 days on the market before going under contract compared to the Utah state average of 61 days (176.1% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.