Housing Prices in Summit County, UT
How much do homes in Summit County, UT cost?
Median List Price
$1,873,500
$721/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Summit County has decreased by 55.3% since last year.
Summary: The median home list price in Summit County was $1,873,500 in May 2024, down 55.3% from the previous year, and the median price per square foot was $721.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $949K | $595K | -37.3% |
| 2 Bedrooms | $2.6M | $899.9K | -66.0% |
| 3 Bedrooms | $3.0M | $1.2M | -57.3% |
| 4 Bedrooms | $4.7M | $2.3M | -50.0% |
| 5+ Bedrooms | $6.9M | $4.4M | -35.6% |
Summary: Summit County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.3%, 2 bedroom homes decreased by 66%, 3 bedroom homes decreased by 57.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 35.6%.
Median List Price Compared To Nearby Counties
| Wasatch County | $1.7M | $1.1M | -32.9% |
| Summit County | $4.1M | $1.8M | -55.3% |
Housing Supply in Summit County, UT
How many homes are available in Summit County, UT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 409 | 567 | +38.6% |
Summary: The Summit County real estate market had 567 homes for sale in May 2024, a 38.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 31 | +29.2% |
| 2 Bedrooms | 64 | 87 | +35.9% |
| 3 Bedrooms | 101 | 134 | +32.7% |
| 4 Bedrooms | 97 | 124 | +27.8% |
| 5+ Bedrooms | 123 | 191 | +55.3% |
Summary: The Summit County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 55.3%.
Days on Market for Summit County, UT
How long does it take to sell a home in Summit County, UT?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 135 Days | 112 Days | -16.6% |
Summary: Homes in Summit County had an average listing age of 112 days in May 2024, down by 16.6% compared to the previous year.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.