Utah Home Values & Market Trends
There have been 49,137 properties sold in the Utah real estate market trends. Median home values in the Utah housing market are $584,267. The median residential home value for transactions over the last 12 months is 294,000. The State of Utah currently has 1,037 properties in foreclosure, 15 bank owned properties, and 219 headed for auction.
Utah Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Washington | $ 689,000 $ 294/sqft | Duchesne | $ 299,000 $ 192/sqft |
| Salt Lake | $ 549,000 $ 410/sqft | Sanpete | $ 449,900 $ 252/sqft |
| Utah | $ 595,000 $ 318/sqft | Morgan | $ 784,192 $ 396/sqft |
| Weber | $ 490,000 $ 342/sqft | Juab | $ 522,298 $ 277/sqft |
| Davis | $ 540,028 $ 351/sqft | Garfield | $ 400,000 $ 204/sqft |
| Iron | $ 474,000 $ 190/sqft | Rich | $ 455,000 $ 796/sqft |
| Summit | $ 1,480,000 $ 755/sqft | Carbon | $ 232,842 $ 113/sqft |
| Cache | $ 527,500 $ 281/sqft | Millard | $ 389,000 $ 172/sqft |
| Tooele | $ 455,000 $ 313/sqft | Daggett | $ 525,000 $ 405/sqft |
| Wasatch | $ 1,273,357 $ 605/sqft | Beaver | $ 340,000 $ 106/sqft |
| Box Elder | $ 485,829 $ 297/sqft | Emery | $ 276,134 $ 167/sqft |
| Kane | $ 521,114 $ 226/sqft | San Juan | $ 349,000 $ 220/sqft |
| Sevier | $ 399,000 $ 176/sqft | Piute | $ 525,000 $ 281/sqft |
| Uintah | $ 329,688 $ 251/sqft | Wayne | $ -- $ -- |
| Grand | $ 591,930 $ 510/sqft |
Housing Market Summary for Utah
| Oct 2023 | September 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $588.8K | $585K | -0.66% |
| Median Sold Price | $521.4K | $520.7K | -0.13% |
| Homes For Sale | 3,284 | 3,941 | 20.01% |
| Homes Sold | 31,175 | 35,866 | 15.05% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Utah
Browse Homes in Utah
There are currently 3,962 properties for sale in Utah. The current home value ranges in price from 40,000 to 47,000,000. The total count of properties in the state is 42,070, and the percentage of properties for sale is 3962.00%.
- Pre-ForeclosurePre-foreclosure homes account for 1.91% of all residential properties in Utah with Salt Lake containing 272 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 29 counties within Utah; of those counties, the estimated home value for pre-foreclosure homes ranges from $2,838,368 in Cache to the lowest home value of $143,433 in Carbon.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Utah ranges from the highest value of $455,879 in Utah to the lowest value of $270,073 in Weber. Bank owned homes and properties account for 0.04% of properties in Utah. There are 29 counties within Utah; Carbon containing 2 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsSalt Lake has 80 auction properties, the highest number of properties going to auction in a single county in the state of Utah. Auction homes and other auction properties account for 0.52% of all properties in Utah. There are 29 counties within Utah; of those counties, the median estimated home value for homes going to auction ranges from $1,855,872 in Summit to the lowest value of $162,495 in Summit.
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More Real Estate Resources for Utah
Guide for Utah
The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.
In August 2024, Denver saw a 15% YoY rise in pre-foreclosures. Aurora had a 71% surge from July. Fort Collins showed stability with just 1 case, while Lakewood doubled YoY. Colorado Springs reported a 10% drop YoY. Each city reveals unique housing dynamics in Colorado.
In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles
