Name: Spanish Fork Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Spanish Fork, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Spanish Fork, Utah is $515,000, which is 1.9% below the Utah state median of $525,000. Home prices in Spanish Fork range from $313,213 to $9,500,000, with an average sale price of $617,070. These figures are based on recent closed transactions in the Spanish Fork real estate market.

Question 2

Is Spanish Fork, Utah a buyer's or seller's market?

Accepted Answer

Spanish Fork, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.5% and homes spending an average of 63 days on the market. Spanish Fork’s median home price is about 2 % lower than the Utah median, with a modestly longer market time and higher inventory.

Question 3

How long do homes stay on the market in Spanish Fork?

Accepted Answer

Homes in Spanish Fork, Utah spend an average of 63 days on the market before going under contract compared to the Utah state average of 61 days (3.6% 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 Spanish Fork, Utah?

Accepted Answer

As of July 2026, there are 237 active homes for sale in Spanish Fork, Utah with 303 new listings added recently. In the most recent reporting period, 117 transactions closed in Spanish Fork. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Spanish Fork, Utah?

Accepted Answer

Yes — Spanish Fork currently has 303 new listings recently added to the market, with prices starting from $313,213. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Spanish Fork is $515,000.

Question 6

How does Spanish Fork compare to the Utah state average?

Accepted Answer

Spanish Fork home prices are 1.9% below the Utah state median of $525,000, with a local median of $515,000. Homes sell slower than the state average — 63 days in Spanish Fork vs 61 days statewide (3.6% above average). The sale-to-list ratio is 99.5% locally vs 99.0% statewide.

Question 7

Are homes in Spanish Fork more expensive than the Utah average?

Accepted Answer

No, homes in Spanish Fork are more affordable than the Utah state average. The median home price in Spanish Fork is $515,000, compared to the statewide median of $525,000 — a difference of $10,000 (-1.9%). This makes Spanish Fork an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Spanish Fork than the rest of Utah?

Accepted Answer

No, homes in Spanish Fork take longer to sell than the Utah average. The average days on market in Spanish Fork is 63 days, compared to 61 days statewide (3.6% above average). Buyers in Spanish Fork have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered balanced.

Question 9

How have home prices changed in Spanish Fork over the past year?

Accepted Answer

Home prices in Spanish Fork, Utah have decreased by 28.1% over the past year. The median sale price went from $583,000 to $419,000. This decline may signal a shifting market that favors buyers. Check the Spanish Fork market trends section above for detailed charts.

Question 10

Is the Spanish Fork housing market heating up or cooling down?

Accepted Answer

The Spanish Fork housing market is currently showing mixed signals, with prices down 28.1% year-over-year and days on market decreasing by 8.4%. The market temperature is rated "balanced" based on current conditions. Spanish Fork’s median home price is about 2 % lower than the Utah median, with a modestly longer market time and higher inventory. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Spanish Fork home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Spanish Fork, Utah was $583,000. Today, the median is $419,000, representing a change of -28.1% ($164,000 decrease). During that same period, the average days on market went from 67 to 61 days.

Question 12

What is the current market outlook for Spanish Fork, Utah?

Accepted Answer

Spanish Fork’s residential market is currently in a balanced state. Prices have slipped sharply on a month‑over‑month basis (‑20.2 %) and the city now carries a higher inventory load (314 new listings, 171 active single‑family homes) compared with recent sales (117 closed transactions). Despite the price dip, buyers are still paying close to list, as reflected by a 99.5 % sale‑to‑list ratio, and days on market remain only slightly above the state average (63 vs. 61 days). The median price sits at $515 K, roughly $10 K under the Utah median, positioning Spanish Fork as a modestly more affordable option within the state.

On the economic side, 30‑year mortgage rates have trended upward from 6.06 % in February to 6.46 % in July, then stabilized, while unemployment rates have held steady (Utah 3.6 %, U.S. ~4.3 %). Consumer sentiment and housing‑starts indices are flat, suggesting no major macro‑economic shock. City‑specific news adds a positive spin: the expansion of Spanish Fork Hospital brings additional healthcare jobs, and HRC Climate Services’ involvement in new residential projects signals ongoing construction activity. Together, these factors keep demand resilient even as higher financing costs and ample supply temper price growth, making the market balanced but leaning toward a slight cooling trend. The market temperature is rated "balanced." Spanish Fork’s median home price is about 2 % lower than the Utah median, with a modestly longer market time and higher inventory.

Question 13

What are the key highlights of the Spanish Fork housing market?

Accepted Answer

Key highlights of the Spanish Fork, Utah housing market include: Median closed price is $515 K, down 20.2 % month‑over‑month, yet still only 1.9 % below the state median.. Inventory is abundant: 314 new listings and 171 active single‑family homes versus 117 sales in the last three months.. Sale‑to‑list ratio remains strong at 99.5 %, indicating buyers are still willing to meet asking prices.. Mortgage rates have risen from 6.06 % (Feb) to 6.46 % (Jul) and appear to have stabilized, adding cost pressure for buyers.. Local job growth is supported by the Intermountain Health hospital expansion and new residential HVAC projects, bolstering the city’s economic outlook.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Spanish Fork, Utah?

Accepted Answer

Homes in Spanish Fork, Utah range from $313,213 to $9,500,000, with a median price of $515,000. The standard deviation is $807,137, 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 15

How do Spanish Fork schools compare to the state average?

Accepted Answer

Of the 17 schools in Spanish Fork, 0 (0%) are rated as high-performing and 0 have strong academics indicators. Families should research individual school ratings on our Spanish Fork schools page for detailed performance breakdowns.

Question 16

What is the internet quality in Spanish Fork, Utah?

Accepted Answer

Spanish Fork has an average broadband download speed of 8713 Mbps and 86% of homes have access to fiber internet. Top internet providers include SFCN, Xfinity, Salem City Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 10.6 provider options.

Question 17

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

Accepted Answer

In Spanish Fork, single-family homes have a median price of $650,000 (+10.4% YoY), while townhomes/condos are $400,000 (+2.6% YoY). SFRs sell in 33 days vs 59 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 18

What is the price per square foot in Spanish Fork?

Accepted Answer

The median price per square foot in Spanish Fork, Utah is $204. The average home size is 2,901 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 19

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

Accepted Answer

The 30-year mortgage rate is currently 6.46% and Utah's unemployment rate is 3.6%, with Spanish Fork's market rated as "balanced." Prices are stabilizing at 28.1% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 20

When is the best time to buy a home in Spanish Fork?

Accepted Answer

Historically, May offers the most new listings in Spanish Fork, 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 21

Is Spanish Fork a safe place to live?

Accepted Answer

Spanish Fork has a safety rating of 7.3 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 23.8 per 1,000 residents, which is 49% below the statewide average, making it relatively safe with low crime. The violent crime rate is 4.6 per 1,000 residents and the property crime rate is 14.6 per 1,000 residents. (Population: 46,536)

Question 22

What is the crime rate in Spanish Fork?

Accepted Answer

In 2024, Spanish Fork's total NIBRS crime rate was 23.8 offenses per 1,000 residents. This includes crimes against persons (4.6 per 1K), property crimes (14.6 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.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

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Highlights in Spanish Fork

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