Name: Parowan Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Parowan, Utah in 2026?

Accepted Answer

As of April 2026, the median home price in Parowan, Utah is $543,000, which is 6.5% above the Utah state median of $510,000. Home prices in Parowan range from $210,000 to $1,625,000, with an average sale price of $469,333. These figures are based on recent closed transactions in the Parowan real estate market.

Question 2

Is Parowan, Utah a buyer's or seller's market?

Accepted Answer

Parowan, Utah is currently an active market. Key indicators include an average sale-to-list price ratio of 97.5% and homes spending an average of 106 days on the market. This means buyers may have some room to negotiate on price.

Question 3

How long do homes stay on the market in Parowan?

Accepted Answer

Homes in Parowan, Utah spend an average of 106 days on the market before going under contract compared to the Utah state average of 79 days (34.8% 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.

Question 4

How many homes are for sale in Parowan, Utah?

Accepted Answer

As of April 2026, there are 9 active homes for sale in Parowan, Utah with 7 new listings added recently. In the most recent reporting period, 3 transactions closed in Parowan. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

How does Parowan compare to the Utah state average?

Accepted Answer

Parowan home prices are 6.5% above the Utah state median of $510,000, with a local median of $543,000. Homes sell slower than the state average — 106 days in Parowan vs 79 days statewide (34.8% above average). The sale-to-list ratio is 97.5% locally vs 98.8% statewide.

Question 6

Are homes in Parowan more expensive than the Utah average?

Accepted Answer

Yes, homes in Parowan are more expensive than the Utah state average. The median home price in Parowan is $543,000, compared to the statewide median of $510,000 — a difference of $33,000 (+6.5%). The premium reflects demand for the area's amenities, schools, and location.

Question 7

Do homes sell faster in Parowan than the rest of Utah?

Accepted Answer

No, homes in Parowan take longer to sell than the Utah average. The average days on market in Parowan is 106 days, compared to 79 days statewide (34.8% above average). Buyers in Parowan have more time to evaluate listings and negotiate, which can work in their favor.

Question 8

How have home prices changed in Parowan over the past year?

Accepted Answer

Home prices in Parowan, Utah have decreased by 58.8% over the past year. The median sale price went from $449,000 to $185,000. This decline may signal a shifting market that favors buyers. Check the Parowan market trends section above for detailed charts.

Question 9

What were Parowan home prices this time last year?

Accepted Answer

In February 2025, the median home sale price in Parowan, Utah was $449,000. Today, the median is $185,000, representing a change of -58.8% ($264,000 decrease). During that same period, the average days on market went from 10 to 95 days.

Question 10

What is the price range for homes in Parowan, Utah?

Accepted Answer

Homes in Parowan, Utah range from $210,000 to $1,625,000, with a median price of $543,000. The standard deviation is $424,212, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 11

What are the best schools in Parowan, Utah?

Accepted Answer

Parowan has 2 schools. The top-rated schools based on state performance scores include: Parowan High (62.3% score), 350 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Parowan schools and nearby homes for sale on Propaired.

Question 12

What is the internet quality in Parowan, Utah?

Accepted Answer

Parowan has an average broadband download speed of 1000 Mbps and 100% of homes have access to fiber internet. Top internet providers include South Central Communications. This is above average for Utah, supporting remote work and streaming. Residents have an average of 8.0 provider options.

Question 13

Are single-family homes or condos a better investment in Parowan?

Accepted Answer

In Parowan, single-family homes have a median price of $543,000 (+20.9% YoY), while townhomes/condos are $185,000 (+42.3% YoY). SFRs sell in 112 days vs 78 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 14

What is the price per square foot in Parowan?

Accepted Answer

The median price per square foot in Parowan, Utah is $203. The average home size is 2,342 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 15

Is now a good time to buy a home in Parowan, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.42% and Utah's unemployment rate is 3.6%, with Parowan's market rated as "active." Prices are stabilizing at 58.8% year-over-year. Strong demand means well-priced homes move quickly — being pre-approved helps. Market timing depends on your personal financial situation and goals.

Question 16

When is the best time to buy a home in Parowan?

Accepted Answer

Historically, July offers the most new listings in Parowan, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 17

Is Parowan a safe place to live?

Accepted Answer

Parowan has a safety rating of 7.5 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 21.9 per 1,000 residents, which is 53% below the statewide average, making it relatively safe with low crime. The violent crime rate is 4.9 per 1,000 residents and the property crime rate is 8.0 per 1,000 residents. (Population: 3,237)

Question 18

What is the crime rate in Parowan?

Accepted Answer

In 2024, Parowan's total NIBRS crime rate was 21.9 offenses per 1,000 residents. This includes crimes against persons (4.9 per 1K), property crimes (8.0 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

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Parowan Real Estate FAQ

Frequently Asked Questions About Parowan Real Estate

What is the median home price in Parowan, Utah in 2026?

Is Parowan, Utah a buyer's or seller's market?

How long do homes stay on the market in Parowan?

How many homes are for sale in Parowan, Utah?

How does Parowan compare to the Utah state average?

Are homes in Parowan more expensive than the Utah average?

Do homes sell faster in Parowan than the rest of Utah?

How have home prices changed in Parowan over the past year?

What were Parowan home prices this time last year?

What is the price range for homes in Parowan, Utah?

What are the best schools in Parowan, Utah?

What is the internet quality in Parowan, Utah?

Are single-family homes or condos a better investment in Parowan?

What is the price per square foot in Parowan?

Is now a good time to buy a home in Parowan, Utah?

When is the best time to buy a home in Parowan?

Is Parowan a safe place to live?

What is the crime rate in Parowan?

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