Homes for Sale in Sunset, Utah

Sunset’s residential market remains attractive for buyers who can act quickly. The median closed price of $339,000 is 33.5% lower than the Utah average, but the market is tightening: prices have climbed 4.5% month‑over‑month, and 99.1% of homes are selling at or near list price. Inventory is limited, with only 34 new listings and 20 sales in the last three months, and the average days on market sits at 81 days, a touch higher than the state’s 79‑day average, indicating modest buyer competition. On the macro side, 30‑year mortgage rates have edged higher in the last 30 days, reaching 6.42% in April after a brief dip to 6.06% in February, while the Fed Funds rate has held steady at 3.64%. Utah’s unemployment remains low at 3.6%, and consumer sentiment is stable around 56.4, suggesting a resilient local economy. Combined with recent news that mortgage rates are still near a three‑year low, the overall environment is balanced but leaning warm, favoring well‑qualified buyers who can meet the near‑list price expectations.