Market Overview
coolingNephi’s median home price is about 14% below the Utah average, while homes sit 51% longer on the market than the state norm.- •Median price fell 32.8% month‑over‑month, signaling strong buyer caution.
- •Inventory is high with 54 new listings versus only 22 closed sales in the past three months.
- •30‑year mortgage rates have risen from a low of 6.06% to 6.35% over the last month, adding cost pressure.
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Frequently Asked Questions About Nephi Real Estate
As of May 2026, the median home price in Nephi, Utah is $464,000, which is 10.4% below the Utah state median of $517,990. Home prices in Nephi range from $280,000 to $1,500,000, with an average sale price of $476,500. These figures are based on recent closed transactions in the Nephi real estate market.
Nephi, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 98.5% and homes spending an average of 112 days on the market. Nephi’s median home price is about 14% below the Utah average, while homes sit 51% longer on the market than the state norm.
Homes in Nephi, Utah spend an average of 112 days on the market before going under contract compared to the Utah state average of 72 days (56.2% 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.