Strength 4 / 5
$508K
Provo median sale price crossed $500K — now $508K
Crossing $500K is a narrative hinge — buyer shopping-by-price bands and seller list-price anchoring both reset when a market moves past a round number.
Markets › Utah
Utah housing market
In the Beehive State, part of the Census Bureau's Mountain division, Pecan Street tracks four markets. Median sale prices run from $380K in Ogden to $622K in Salt Lake City as of Aug 2026. Three of four are higher than a year earlier and one is lower; Salt Lake City leads at +6.8% and St. George trails at -1.1%.
Homes sit longest in St. George (72 median days on market) and sell fastest in Ogden (58 days). The share of active listings with a price cut runs from 34% in St. George to 57% in Salt Lake City. Price-to-rent ratios run from about 15 in Ogden to 24 in Salt Lake City, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Salt Lake City metro has the 6th-highest share of listings with a price cut. Utah's unemployment rate was 3.5% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Ogden | $380K | +1.0% | 58 | 54% | ≈ 15 |
| Provo | $489K | +2.8% | 64 | 46% | ≈ 22 |
| Salt Lake City | $622K | +6.8% | 58 | 57% | ≈ 24 |
| St. George | $535K | -1.1% | 72 | 34% | ≈ 21 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
Strength 4 / 5
7.4 mo
Washington supply now 7.4 months — buyer's market
Six-plus months of supply in Washington — this is a buyer's market by the textbook definition.