13,164 Active Single Family Home Listings in Utah

> Featured Listings

> Utah Market Data

Utah Single-Family Active Listings – 24-Month Trend

Inventory levels have climbed sharply over the past year, with active listings up about 21% compared to last October. There are now roughly 13,000 homes on the market statewide.

Prices have stayed relatively flat despite the higher supply. The average price per square foot is holding near $300, down less than 1% from a year ago, while the median price per square foot has inched up about 0.5%.

Overall, Utah’s single-family market shows more seller competition and balanced conditions, but home listing prices remain steady.

Utah Multi-Unit Active Listings – 24-Month Trend

Active multi-unit listings are up 27% from last year, showing more properties available for investors. Inventory has been building steadily through 2025, reaching 323 listings this month.

Prices have also improved year-over-year. The average price per square foot is up about 6%, and the median price per square foot has climbed nearly 5%.

Overall, Utah’s multi-unit market is showing healthier supply levels with stable to rising Listings prices.

> Rates & Financing

Mortgage Rates as of 10/29/2025

> Headlines & Insights

TRAX Tensions Rise at the Point of the Mountain

A clash between Lehi City and UDOT is intensifying over the long-promised TRAX Blue Line extension into Utah County. Local leaders argue that the state’s new western alignment toward “The Point” project breaks past commitments to connect Silicon Slopes with Salt Lake City by rail.

Main takeaways:

• Broken promises resurface: Lehi Mayor Mark Johnson says state leaders pledged TRAX service to Adobe and other Silicon Slopes employers when the corridor was first planned. The city has since approved more than 3,600 housing units along the anticipated route.

• UDOT shifts focus west: State planners now favor a costlier route across I-15 to serve the Point of the Mountain development, delaying the Blue Line extension for decades. UDOT leaders cite low projected ridership and strict federal funding rules as barriers to light-rail funding.

• Local pushback gains traction: The Mountainland Association of Governments voted unanimously to require that the Blue Line alignment be reconsidered when the Point of the Mountain Transit environmental study is next re-evaluated.

What this means for Utah investors:
Transit access has a major influence on housing demand and property values along the Wasatch Front. If the Blue Line is delayed or rerouted, growth and higher-density housing near Lehi’s planned stations could stall, while The Point and nearby Draper projects may see stronger long-term appreciation. Investors should monitor how this alignment debate reshapes future transit-oriented development (TOD) zones in Utah County.

Utah Headlines

Downtown Salt Lake tower clears key hurdle – A proposed 225-foot mixed-use high-rise near St. Mark’s Cathedral won planning commission approval, despite concerns over impacts to the historic church, with developers pledging 20% affordable housing and construction safeguards.

Short-term rentals not to blame for housing woes in Utah– A new Utah Taxpayers Association report found that Airbnbs and VRBOs make up just 1.9% of Utah’s housing stock, and even converting all of them to residential homes would lower prices by only 0.4%, while removing a key tourism and tax revenue driver.

National Headlines

Mortgage rates hit lowest level in a year – Average rates dropped to 6.30%, fueling a 111% surge in refinance applications and a 5% rise in home purchase loans as borrowers rush to take advantage of cheaper financing.

10-year yield holds near 4% ahead of Fed move – Treasury yields were steady Wednesday as markets priced in a near-certain Fed rate cut and awaited signals on whether the central bank will end its quantitative tightening program amid tightening liquidity conditions.

Apartment demand lags new supply – U.S. renters absorbed just 42,000 units in Q3, far below the 105,000 new units delivered, as slower job growth and weak consumer confidence widened the supply-demand gap to one of the largest on record.

Investors pile into multifamily – Nearly 60% of available investor capital is targeting multifamily properties as falling construction starts, steady rent growth, and strong sales volumes keep the sector outperforming others like office and retail, according to Avison Young.

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