Homes for Sale in Perry, Utah

Perry’s housing market is currently modestly softer than the broader Utah market. The median closed price of $490 K sits 3.9 % below the state median, and a sharp 23.1 % month‑over‑month price decline reflects recent buyer caution. Inventory is thin, with only 15 closed transactions over the past three months against 23 new listings, and homes are staying on the market a bit longer (84 days vs. the state average of 79). Despite the price dip, sellers are still capturing 98.7 % of list prices, especially in the single‑family segment where the median price is $605 K and price per square foot remains robust at $195. Economic indicators point to a neutral‑to‑slightly cooling backdrop. The 30‑year mortgage rate fell from 6.26 % in October 2025 to a low of 6.06 % in March 2026 but has risen again to 6.42 % most recently, signaling a recent upward pressure on borrowing costs. Unemployment remains stable (U.S. ~4.4 %, Utah ~3.6 %) and consumer sentiment is steady at an index of 56.4, while housing starts and permits have been trending upward, suggesting continued supply pipeline. Together, these factors keep the market in a balanced state, with price pressures easing but demand still strong enough to sustain near‑list sales.