Homes for Sale in Midway, Utah

Midway’s real‑estate market remains firmly on the high‑end side of Utah, with a median home price of $1.105 million—more than double the state average—and a robust 13.8% month‑over‑month price increase. The market is characterized by low inventory (24 closed sales versus 60 new listings in the last three months) and a strong sale‑to‑list ratio of 96.9%, indicating buyers are willing to pay near asking prices. Single‑family homes dominate, posting a median price of $1.197 million and an average size of 3,629 sq ft, while townhomes and condos trade at a much lower median of $450 K but have seen a modest price dip year‑over‑year. Economic indicators show a mixed backdrop: the 30‑year mortgage rate, after a six‑month dip to 6.13%, has risen to 6.42% in the most recent month, signaling a short‑term upward pressure on borrowing costs. Unemployment remains stable (U.S. 4.4%, Utah 3.6%) and consumer sentiment is steady at 56.4, while housing starts have risen to 1.487 million units, suggesting continued construction activity in the region. The combination of high prices, limited supply, and rising rates points to a “warm” market—demand remains strong, especially given Midway’s proximity to ski destinations, but the recent rate increase and longer days on market (118 vs 79 statewide) introduce a modest cooling influence.