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Featured local agent — Millcreek, UT
Sarah Mitchell
Compass Real Estate · Millcreek, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Millcreek, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$650,000median sale price
How is the Millcreek, UT housing market right now?
The median home sale price in Millcreek, UT is $650,000, down 3.7% year-over-year. Homes sell in an average of 30 days with 177 active listings. The market is currently a balanced 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 Millcreek a buyer's or seller's market?
Millcreek, UT is currently a balanced market, based on 3.2 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
55
Last 12 weeks
Days on market
30
Average pace
Active listings
177
3.2 months supply
Sale-to-list
99.4%
Below asking
What does the Millcreek housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $650,000 |
| Median list price | $664,950 |
| Year-over-year price change | -3.7% |
| Average days on market | 30 days |
| Active inventory | 177 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $307/sq ft |
| Homes sold (latest month) | 55 |
| New listings (latest month) | 86 |
| Listings with a price cut | 34.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Millcreek by property type?
How the Millcreek, 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 | $827,500 | $335/sq ft | 32 | 16 days |
| Condo / Co-op | $353,000 | $273/sq ft | 14 | 72 days |
| Townhouse | $540,950 | $256/sq ft | 8 | 39 days |
Source: Redfin · Updated monthly
The Millcreek housing market is currently classified as a balanced market with a median sale price of $650,000. Prices have fallen 3.7% compared to last year, with homes spending an average of 30 days on market, indicating 3.2 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 6.6x provides context for how home values compare to local earning capacity.
Homes for sale in Millcreek
There are currently 177 homes listed for sale in Millcreek, Utah. The median listing price is $665K.
Active listings
177
Homes on market
Median list price
$665K
Avg. days on market
30
Days until sale
New this week
86
Newly listed
Who lives in Millcreek?
Population
63,342
Median income
$98,502/yr
Median age
37 years
Owner-occupied
63.4%
College grads
53.9%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Millcreek?
Zillow home value
$645,592
Zillow rent index
$1,531/mo
Price-to-rent ratio
35.1x
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in Millcreek?
Millcreek is a community of approximately 63K residents with a median age of 37 years.The median household income is $98,502, which reflects a relatively affluent area with strong earning potential. 53.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.4%, showing a blend of owner and renter-occupied properties. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Millcreek offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Millcreek, UT?
Want a head-to-head view? Compare Millcreek side-by-side with any other U.S. city using our market-comparison tool.
Is Millcreek a good real estate investment market?
For investors evaluating Millcreek, the price-to-rent ratio of 35.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Millcreek's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Millcreek's median home price.
Frequently asked questions
What is the average home price in Millcreek?
The median home sale price in Millcreek is $650,000, down 3.7% from last year.
How long do homes stay on market in Millcreek?
Homes typically spend 30 days on market before going under contract.
What is the median income in Millcreek?
The median household income is $98,502 per year.
Is Millcreek a buyer's or seller's market?
With 3.2 months of supply, Millcreek is currently a balanced market.
What is the Zillow home value estimate for Millcreek?
The Zillow Home Value Index (ZHVI) for Millcreek is $645,592, representing the typical home value in the area.
What is the median condo price in Millcreek?
The median condo/co-op sale price in Millcreek, UT is $353,000, compared to $827,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Millcreek?
The median single-family home price in Millcreek, UT is $827,500 (about $335 per square foot).
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