Utah Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

July 16th, 2021
Updated July 16th, 2021

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Utah real estate trends

Real estate trends in Utah | Sellers | Buyers | Investors | The best and worst of Utah | Utah resources

Utah real estate trends (July 2021)

How is the real estate market in Utah?
🏠 Average home value: $460,884
📈 2.79% home value increase month over month
💰 Median sale price: $489,000
⏳ 45 days on the market
🔑 Homes on the market: 4,118
📆 0.4 months of housing inventory
🏦 30-year mortgage rate: 2.64%
💵 Average income: $71,621
State of the market: A+
Utah's home values are steadily increasing and properties are flying off the market faster than in any other U.S. state. Considering Utah also has the fewest homes on the market it's an incredible time to list your home for sale.
*Data last updated July 2021

Utah is a state full of geological wonders, from its rugged peaks to its canyons and mesas. The state hosts an impressive 17 National Parks, ranging from Zion's sandstone bluffs to Hovenweep's six prehistoric villages.

While notable Utah cities include Salt Lake City, Provo, and Moab, smaller communities such as River Heights, Kaysville, and Providence have earned a reputation for being especially family-friendly.

Nicknamed the Beehive State for its Mormon roots, Utah still has the highest Mormon population today.

If you're thinking of buying or selling in Utah, these Utah housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Utah

Utah real estate market forecast for sellers
⏰ Homes are selling 24 days faster than the annual average
💰 Homes are selling for $43,243 more than the annual average
💸 Average listing commission: 2.58%
💸 Average buyer's commission: 2.58%

How to sell a home in Utah

Cost to sell a home in Utah

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 on commission!

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Buying a home in Utah

How much home you can buy with $300,000 in...
🏠 Salt Lake City: 1,262 sq ft
🏡 Provo: 1,479 sq ft
🏡 Ogden: 1,472 sq ft
🏠 St. George: 1,165 sq ft

Investing in Utah real estate

Best of Utah

Each month, we compare cities in Utah based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Utah
1. Logan
2. Ogden-Clearfield
3. Salt Lake City

Ready to buy a home in Utah? Eligible buyers get cash back with Clever!

Worst of Utah

Each month, we compare cities in Utah based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Utah
1. Heber
2. St. George

Utah resources

👋 Next Steps: Talk to an expert!

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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