Utah Real Estate

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About Utah real estate

Utah's market combines Silicon Slopes tech growth with world-class outdoor recreation. The combination keeps demand sticky even as prices have softened.

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Expert take: Cooled significantly from 2022 peak. Utah remains net-inbound. Mountain resort markets (Park City, Deer Valley) run on out-of-state buyers.

White two-story farmhouse with a covered front porch
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By the Numbers

$575,450Median listing price statewide
2Active UT REALTORS® on this network
3.42 millionPopulation
Salt Lake CityCapital
eXp Realty UtahBrokerage

Utah market snapshot

Market data is updated periodically and deemed reliable but not guaranteed.

Median listing price
$575,450
-3.3% YoY
Days on market
54
median
Active listings
12,000+
on market
YoY price change
-3.3%
12-month

Utah through experienced eyes

Find a Home Network Perspective
Authored by the Find a Home Network.

What makes Utah different.

Utah has the highest birth rate and the youngest median age of any US state. Property taxes are among the lowest 10 states nationally.

Current conditions.

Utah's median listing price is $575,450, with homes taking a median 54 days to sell and 12,000+ active listings. Read Utah by metro, not by state.

The single biggest trend.

Cooled significantly from 2022 peak. Utah remains net-inbound. Mountain resort markets (Park City, Deer Valley) run on out-of-state buyers.

Where to look in Utah

Median sale prices are directional public-data estimates.

Salt Lake City

Salt Lake City

Median sale price: $565,000

Largest metro. Tech corridor (Silicon Slopes). Park City and Cottonwood Heights drive top pricing.

Provo-Orem

Provo-Orem

Median sale price: $525,000

Utah Valley. BYU. Heavy tech industry growth.

Ogden-Clearfield

Ogden-Clearfield

Median sale price: $445,000

Northern Utah. Hill Air Force Base. More affordable.

St. George

St. George

Median sale price: $525,000

Southwest Utah. Retirement and second-home market.

Park City

Park City

Median sale price: $2,150,000

Ski resort. One of the most expensive small markets in the country.

Schools & Education

Park City School District, Alpine (Lehi/Highland), and Canyons School District (Sandy/Draper) rank among the state's top performers.

Climate & Weather

Semi-arid. Hot, dry summers. Cold winters with significant mountain snow (and the famous powder for skiing).

Questions buyers and sellers ask us most

How much do I need for a down payment in Utah?

For conventional loans, 20% down on the Utah median of $575,450 would be $115,090. Most Utah buyers close with 3-5% down via conventional, FHA (3.5% down), or VA (0% for eligible service members). Check with a local lender.

What is the best time of year to buy a home in Utah?

Late summer through early fall is historically the most favorable buyer window across most US markets, and Utah follows this pattern. Spring has the most inventory but the most competition. Winter has the least of both.

Can I buy a home in Utah without seeing it in person?

Yes. A local REALTOR® running video walkthroughs, paired with a thorough inspection contingency, makes a remote purchase manageable. Most Utah agents are comfortable with this workflow.

How long does it take to close on a home in Utah?

30-45 days is typical for a financed purchase, and 14-21 days is achievable for cash. The bottleneck is usually appraisal and lender underwriting, not title work.

Guidance That Moves You Forward

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