Is Now a Good Time to Sell in Utah? Market Conditions & Timing Analysis (2025)

If you’re considering selling a home in Utah, you likely want to know: Do current market conditions favor sellers or buyers? Should you wait or list now? Below is an up-to-date rundown of trends, interest rates, inventory, pricing, and what it all means for you. Spoiler: Working with a realtor will help you maximize your outcome.

Key Market Trends in Utah

1. Home Prices Are Still Rising, But Moderately

   • As of August 2025, Utah’s median home price was about $576,300, up 5.1% year-over-year.

   • The state experienced dramatic price growth during 2021-2022; price increases have slowed, but the market has remained stable rather than collapsing. 

2. Inventory is Increasing

   • The number of homes for sale in Utah (“active listings”) is up significantly compared to last year.

   • We currently have around four months worth of supply. That suggests a more balanced approach between what sellers want and what buyers can afford.

3. Interest Rates are Elevated

   • Mortgage rates remain high: for example, a 30-year fixed rate in Utah is in the neighborhood of 5.875% (~5.98% APR), and a 15-year fixed rate is approximately 5.125%. (City Creek Mortgage)

   • High interest rates reduce buying power, causing many buyers to be more cautious. This tends to tilt the power balance slightly in favor of buyers in specific price ranges.

4. Absorption Rates & Days on Market Are Rising

   • Homes are staying on the market longer than in the frenzied seller’s market years.

   • Buyers have more options, more inventory, and more ability to negotiate. 

5. Regional Variation

   • Some regions, such as Southern Utah (e.g., Cedar City & St. George), still exhibit seller-leaning conditions. 

   • Other markets (Wasatch Front, Utah County, Salt Lake, etc.) have more competition among sellers and more inventory. Demand still exists, but affordability issues and interest rates are holding some buyers back. 

Does the Market Favor Sellers or Buyers Right Now?

Given the above:

• Sellers still have advantages if they price their homes correctly, stage them effectively, and market them well. In regions with lower inventory, desirable locations, or for homes in good condition, demand remains, and offers can still be reasonable.

• Buyers are becoming more selective. Elevated interest rates and an increased number of homes to choose from give buyers more bargaining power in many areas. Sellers may need to be more willing to negotiate, accept contingencies, or adjust price expectations.

• Overall, the market is moving from a strong seller’s market (as seen in 2021-22) toward a balanced or mild seller-tilted market, depending on location, home type, and price point.

What Will Happen If You Wait?

Waiting to sell might have pros and cons:

Potential benefits of waiting:

• If interest rates decline, more buyers may re-enter the market, pushing demand higher.

• Prices may continue to rise, especially in high-growth areas or if supply fails to meet demand.

Risks of waiting:

• Rising interest rates could further reduce buyer affordability.

• More inventory could accumulate, leading to increased competition among sellers.

• If home values flatten or decline slightly in some segments, you might miss today’s favorable pricing.

• Delays mean that carrying costs (such as mortgage, property taxes, and maintenance) continue.

So: Is Now a Good Time to Sell in Utah?

Yes — with caveats. For many homeowners, now is a good time to sell, especially if:

• Your home is in a desirable neighborhood and is well-maintained.

• You’re not overly dependent on extremely high offers, but want a solid return.

• You’re ready to negotiate and work with a realtor who knows local trends.

Suppose your home needs major updates, or you’re in a less competitive area. In that case, you might want to prepare improvements or wait for a more optimal season (spring/summer typically sees more buyer activity). However, even those homes are selling—just more slowly and with greater flexibility required.

Why Working with Me as Your Realtor Makes a Big Difference

To maximize your opportunities in today’s Utah market, teaming up with me as your knowledgeable realtor is highly advantageous. Here’s why:

• Local market expertise; I know which neighborhoods are the hottest, where inventory is tight, and what buyers are looking for.

• I can help with accurate pricing: pricing too high means your home sits; pricing too low means you leave money on the table.

• I manage staging, marketing, professional photography, and negotiations—all of which impact the final sale price.

• I understand interest rate trends, buyer financing issues, and how to position your home to attract qualified buyers.

• I can provide data, comps, and forecasts to help you make informed decisions about what might happen in the next 3-6 months.

Tips to Maximize Your Sale if You List Now

• Get a current CMA (Comparative Market Analysis) from a realtor.

• Refresh your home: minor repairs, curb appeal, and decluttering go a long way.

• Consider pricing strategy: sometimes listing slightly below market can generate more interest and multiple offers.

• Be prepared to negotiate on terms—not just price, but also closing dates, contingencies, and other key aspects.

• Monitor mortgage rate forecasts: if rates drop, demand might pick up.

Bottom Line

If you’re asking, “Is now a good time to sell in Utah?”, the answer is yes, especially if you’re working with a realtor who understands your local sub-market and can help you navigate pricing, staging, and negotiation. The market is cooling a bit from its most heated months, but there’s still opportunity — waiting could cost you more than the upside of a few extra months.

Ready to sell and want to get the best price with the least stress? Contact me today for a complimentary home valuation, a personalized strategy, and a plan tailored to your timeline. Let’s make sure you take advantage of the advantage while it’s still there.

Sources

• Redfin — Utah Housing Market Overview, including median prices, inventory, and months of supply

• CityCreek Mortgage — current mortgage rates in Utah (30-year & 15-year fixed)

• Harvest Park Group — Utah housing market update, median price forecasts, inventory growth

• Bankrate — current mortgage rates in Utah (30-year and 15-year)