Homes for Sale in Lehi, Utah

Lehi’s residential market remains robust, with a median closed price of $570,000—about 12% above the Utah statewide median—and a 7.1% month‑over‑month price increase. Buyers are moving quickly, averaging 68 days on market versus the state’s 79, and are nearly meeting list prices (98.7% sale‑to‑list ratio). Single‑family homes command a median of $651K, while townhomes/condos sit at $440K; both segments show modest year‑over‑year price declines, suggesting a slight cooling after the rapid gains of 2023‑24. Economic indicators point to a mixed backdrop: the 30‑year mortgage rate has risen from 6.13% to 6.42% over the past month, adding cost pressure for borrowers, yet unemployment remains low (Utah 3.6%, national 4.4%) and consumer sentiment is stable around the mid‑50s. Housing starts and permits have held steady, supporting supply, while local developments—Toll Brothers’ Lakeview Estates, the $621 M I‑15/Mountain View Corridor connection, and the Utah Lake Trail segment—enhance Lehi’s livability and may sustain price premiums. School district investments and boundary studies further strengthen the city’s attractiveness to families. Overall, the market is warm: demand is solid, inventory is tightening, but rising rates could moderate price acceleration in the near term.