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Featured local agent — Elk Ridge, UT
Sarah Mitchell
Compass Real Estate · Elk Ridge, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elk Ridge, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$630,000median sale price
How is the Elk Ridge, UT housing market right now?
The median home sale price in Elk Ridge, UT is $630,000, up 11.8% year-over-year. Homes sell in an average of 41 days with 21 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elk Ridge a buyer's or seller's market?
Elk Ridge, UT is currently a seller's market, based on 3.0 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
41
Average pace
Active listings
21
3.0 months supply
Sale-to-list
100.2%
Above asking
What does the Elk Ridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $630,000 |
| Median list price | $797,500 |
| Year-over-year price change | +11.8% |
| Average days on market | 41 days |
| Active inventory | 21 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $193/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 6 |
| Listings with a price cut | 38.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elk Ridge by property type?
How the Elk Ridge, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $630,000 | $193/sq ft | 7 | 41 days |
| Townhouse | $557,500 | $169/sq ft | 2 | 183 days |
Source: Redfin · Updated monthly
The Elk Ridge housing market is currently classified as a seller's market with a median sale price of $630,000. Prices have risen 11.8% compared to last year, with homes spending an average of 41 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Elk Ridge
There are currently 21 homes listed for sale in Elk Ridge, Utah. The median listing price is $798K.
Active listings
21
Homes on market
Median list price
$798K
Avg. days on market
41
Days until sale
New this week
6
Newly listed
Who lives in Elk Ridge?
Population
4,782
Median income
$138,587/yr
Median age
31 years
Owner-occupied
99.6%
College grads
41.9%
Avg commute
28.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Elk Ridge?
Zillow home value
$694,413
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Elk Ridge?
Elk Ridge is a community of approximately 5K residents with a median age of 31 years.The median household income is $138,587, which reflects a relatively affluent area with strong earning potential. 41.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 99.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elk Ridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Elk Ridge, UT?
Want a head-to-head view? Compare Elk Ridge side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elk Ridge?
The median home sale price in Elk Ridge is $630,000, up 11.8% from last year.
How long do homes stay on market in Elk Ridge?
Homes typically spend 41 days on market before going under contract.
What is the median income in Elk Ridge?
The median household income is $138,587 per year.
Is Elk Ridge a buyer's or seller's market?
With 3.0 months of supply, Elk Ridge is currently a seller's market.
What is the Zillow home value estimate for Elk Ridge?
The Zillow Home Value Index (ZHVI) for Elk Ridge is $694,413, representing the typical home value in the area.
How much does a single-family home cost in Elk Ridge?
The median single-family home price in Elk Ridge, UT is $630,000 (about $193 per square foot).
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