Utah
Housing Market

Name: Utah Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Utah real estate currently favors sellers. With only 3.8 months of supply and properties taking an average of 39 days on market, sellers maintain substantial pricing authority and attract competitive bids.

Utah Housing Market Forecast 2026

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Utah Housing Market Overview

Planning to sell property in Utah? You're positioned favorably. Though the median sale price reaches $563,100 (up 0.9% year-over-year), the meaningful indicator is market velocity. Properties move within 39 days on market, inventory totals just 3.8 months of supply, and homes are selling for 99.1% of listing prices. Last month saw 3,216 Utah houses sold, representing a 2.6% decrease from the previous year. These circumstances create optimal conditions for sellers to maximize returns and receive multiple strong offers.

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Utah Housing Market Forecast for 2026

Utah's housing market is positioned for gradual stabilization in 2026, with modest growth expected as mortgage rates ease and inventory conditions improve while maintaining seller-favorable dynamics.

Price Outlook:

Home prices in Utah forecast to rise 2-4% in 2026
Affordability is improving as wage growth outpaces home price appreciation
Strong homeowner equity supports price stability and strategic listing decisions

Will the Utah Housing Market Crash in 2026?

Expert consensus strongly indicates no. Utah remains supported by fundamental market strengths, including sustained buyer demand, strong homeowner equity levels, and stricter lending standards than pre-2008. With 3.8 months of supply and homes selling at 99.1% of the asking price, the market demonstrates healthy demand fundamentals. While some localized price corrections may occur in markets with rapid inventory growth, sellers can anticipate continued competitive conditions and price stability through 2026.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
39 days
Months of Supply:
3.8 months
Sale-to-List Ratio:
99.1%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Utah Housing Supply

Utah inventory favors sellers through constrained availability. With 12,365 homes currently available last month, the noteworthy element is supply limitations. Inventory grown 31.4% year-over-year, months of supply sits at merely 3.8 (up marginally from 3.7 previously), and 5,631 new properties came to market this month (a 11.5% up). This restricted inventory strengthens sellers' negotiating positions and creates urgency among buyers. For sellers ready to capitalize on favorable conditions, now represents an excellent opportunity to list your home on MLS in Utah and achieve maximum value.

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Utah Housing Demand

Utah purchasing activity demonstrates strong seller authority. With the sale-to-list price ratio at 99.1% last month, the defining characteristic is premium pricing capability. An impressive 25.2% of properties sold over asking price (down from 22.1% previously), the sale-to-list ratio held steady 0.1% year-over-year, and Utah homes with price reductions climbed from 34% to 32.1%. These figures confirm sellers control market conditions and regularly receive offers exceeding their listing prices.

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Frequently Asked Questions

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

Utah's median home price is currently $563,100, with a 0.9% year-over-year increase. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

Are home prices dropping in Utah?

Currently, home prices are stable with localized variations across different counties and cities. Experts forecast growth in Utah home prices through 2025, although increased inventory may moderate prices in overvalued areas.

What's the average price for a house in Utah?

The average cost of a home in Utah typically ranges from $590,300 for condos to $611,500 for single-family homes, depending on location, size, and market conditions.

What are the Utah housing market predictions in 2025 and beyond?

The housing market in Utah is expected to stabilize in 2025, alongside rising mortgage rates. Our housing market predictions suggest that the supply of Utah houses should increase enough to stabilize price growth.

What is a good time to buy a home in Utah?

Typically, from August to December is the best time to buy when supply is high and demand is low. You must check the current market trends in home prices and inventory in Utah. If mortgage rates are stable, the median market time is more than 70 days, with more than 5 months of supply, it's the best time to buy a house in Utah.

What are the steps to buying houses in Utah?

As a buyer, you should keep an eye on price changes and inventory levels. If you're buying a house in Utah, you should get a mortgage pre-approval and budget for a down payment of at least 10%.

How can I list my home for sale in Utah?

You can list your home for sale with a Flat Fee MLS Utah listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Utah?

The average mortgage rate for buyers in the Utah real estate market fluctuates between 6% to 8%. Always check your credit score and current mortgage rates with lenders before you apply.

When will the housing market crash in Utah?

A Utah housing market crash is not likely in 2025 and 2026. Home prices are not dropping suddenly and remain 80% above pre-COVID levels, with sustained growth projected through 2025. You should keep an eye on Utah housing market predictions before you invest.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
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