Market Overview
coolingVernal’s median home price is roughly 29% below the Utah average, homes linger about 56% longer on the market, and new listings (156) outpace closed sales (71).- •Median price fell 11.8% month‑over‑month to $369,200, still 28.9% under the state median.
- •Days on market rose to 112 days, 56% longer than the Utah average of 72 days.
- •Single‑family homes saw a 9.9% year‑over‑year price increase to $390,000, while condos rose 16.3% to $250,000.
- •Mortgage rates have ticked up, with the 30‑year rate moving from 6.24% to 6.35% over the past six months.
- •Utah’s unemployment remains low at 3.6% and stable, supporting buyer confidence despite higher rates.
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Frequently Asked Questions About Vernal Real Estate
As of May 2026, the median home price in Vernal, Utah is $369,200, which is 28.9% below the Utah state median of $518,888. Home prices in Vernal range from $192,000 to $1,399,000, with an average sale price of $394,183. These figures are based on recent closed transactions in the Vernal real estate market.
Vernal, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 99.0% and homes spending an average of 112 days on the market. Vernal’s median home price is roughly 29% below the Utah average, homes linger about 56% longer on the market, and new listings (156) outpace closed sales (71).
Homes in Vernal, Utah spend an average of 112 days on the market before going under contract compared to the Utah state average of 72 days (56.3% 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.
