Market Overview
coolingNephi’s median home price is about 7.6% below the Utah median and homes stay on the market roughly 71% longer than the state average.- •Median closed price is $485K, 7.6% under the Utah median of $525K.
- •Prices fell 25% month‑over‑month, the steepest decline in the last three months.
- •Days on market average 104 days, 70.8% higher than the state’s 61‑day average.
- •Sale‑to‑list ratio remains strong at 98.7%, indicating sellers are still achieving near‑list prices despite the price drop.
- •Mortgage rates have risen from 6.11% in January to 6.46% in July, adding roughly $100 to the monthly payment on a $400K loan.
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Frequently Asked Questions About Nephi Real Estate
As of July 2026, the median home price in Nephi, Utah is $485,000, which is 7.6% below the Utah state median of $525,000. Home prices in Nephi range from $250,000 to $1,500,000, with an average sale price of $497,288. 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 98.7% and homes spending an average of 104 days on the market. Nephi’s median home price is about 7.6% below the Utah median and homes stay on the market roughly 71% longer than the state average.
Homes in Nephi, Utah spend an average of 104 days on the market before going under contract compared to the Utah state average of 61 days (70.7% 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.