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Featured local agent — Lake Point, UT
Sarah Mitchell
Compass Real Estate · Lake Point, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Point, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$584,995median sale price
How is the Lake Point, UT housing market right now?
The median home sale price in Lake Point, UT is $584,995, down 2.2% year-over-year. Homes sell in an average of 142 days with 16 active listings. The market is currently a leaning buyer's. (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 Lake Point a buyer's or seller's market?
Lake Point, UT is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 142 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
142
Average pace
Active listings
16
4.0 months supply
Sale-to-list
99.8%
Below asking
What does the Lake Point housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $584,995 |
| Median list price | $619,990 |
| Year-over-year price change | -2.2% |
| Average days on market | 142 days |
| Active inventory | 16 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 5 |
| Listings with a price cut | 6.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lake Point by property type?
How the Lake Point, 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 | $584,995 | $171/sq ft | 4 | 142 days |
Source: Redfin · Updated monthly
The Lake Point housing market is currently classified as a leaning buyer's with a median sale price of $584,995. Prices have fallen 2.2% compared to last year, with homes spending an average of 142 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Point
There are currently 16 homes listed for sale in Lake Point, Utah. The median listing price is $620K.
Active listings
16
Homes on market
Median list price
$620K
Avg. days on market
142
Days until sale
New this week
5
Newly listed
Who lives in Lake Point?
Population
2,938
Median income
$133,175/yr
Median age
29 years
Owner-occupied
81.4%
College grads
32.2%
Avg commute
30.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Point?
Lake Point is a community of approximately 3K residents with a median age of 29 years.The median household income is $133,175, which reflects a relatively affluent area with strong earning potential. 32.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Point offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Point, UT?
Want a head-to-head view? Compare Lake Point side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Point?
The median home sale price in Lake Point is $584,995, down 2.2% from last year.
How long do homes stay on market in Lake Point?
Homes typically spend 142 days on market before going under contract.
What is the median income in Lake Point?
The median household income is $133,175 per year.
Is Lake Point a buyer's or seller's market?
With 4.0 months of supply, Lake Point is currently a leaning buyer's.
How much does a single-family home cost in Lake Point?
The median single-family home price in Lake Point, UT is $584,995 (about $171 per square foot).
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