I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Utah
💡 Key Utah housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $517,506[1] | #7 of 50 states | 41.9% higher |
Median Listing Price | $589,990[2] | #7 of 50 states | 38.4% higher |
Median Sale Price | $615,500[3] | #6 of 50 states | 49.8% higher |
30 Year Mortgage Rate | 7.03%[4] | #34 of 50 states | 0.8% higher |
Median Days on Market | 76[5] | #35 of 50 states | 7.7% longer |
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🗺️ Buying a house in the Utah real estate market
Utah has an affordability score of 8.3, meaning it takes 8.3 years of the median household income ($74,197) to afford Utah's median home sale price ($615,500). Because of this, we rank Utah as the 5th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $615,500[6] | #6 of 50 states | 49.8% higher |
30 Year Mortgage Rate | 7.03%[7] | #34 of 50 states | 0.8% higher |
Median Household Income | $74,197[8] | #12 of 50 states | 15% higher |
Affordability Ratio | 8.3 | #46 of 50 states | 32.2% higher |
Buyers Agent Commission | 2.30%[9] | #3 of 50 states | 9.4% lower |
Resources for Utah home buyers
Preparing to buy in Utah
🗺️ Selling a house in the Utah real estate market
According to our detailed survey of Utah real estate agents, listing agents (those representing the seller) charge an average commission in Utah of 2.38%, which is the 2nd lowest in the United States. Buyers' agents charge an average commission of 2.3%, which is the 3rd lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $589,990[10] | #7 of 50 states | 38.4% higher |
Median Sale Price | $615,500[11] | #6 of 50 states | 49.8% higher |
Median Days on Market | 76[12] | #35 of 50 states | 7.7% longer |
Buyer's Agent Commission | 2.30%[13] | #3 of 50 states | 9.4% lower |
Listing Agent Commission | 2.38%[14] | #2 of 50 states | 12.6% lower |
Resources for Utah home sellers
Preparing to sell in Utah
- 8 Steps to Selling a House in Utah
- Average Time to Sell a House in Utah
- When Is the Best Time to Sell a House in Utah?
- Top Real Estate Agents in Utah
Utah home selling costs and requirements
Moving to Utah
According to our recent moving trends survey[15], 7% of Americans indicated that they would choose to move to Utah if money were no object. Likewise, 8% of survey respondents indicated that they would move to Salt Lake City among a choice of America's largest cities. Among medium-sized cities, 6% indicated that they would move to Provo.
Here's how Utah cities rank in a number of our research studies.
Study | Best Utah city | Rank |
Best Pizza Cities[16] | Salt Lake City | 45th best |
Best Coffee Cities[17] | Salt Lake City | 12th best |
Best LGBTQ Cities[18] | Salt Lake City | 30th best |
Best Bike Cities[19] | Salt Lake City | 6th best |
Best Commuter Cities[20] | Salt Lake City | best |