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Featured local agent — Silver Summit, UT
Sarah Mitchell
Compass Real Estate · Silver Summit, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Silver Summit, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$7.10Mmedian sale price
How is the Silver Summit, UT housing market right now?
The median home sale price in Silver Summit, UT is $7.10M, up 69.0% year-over-year. Homes sell in an average of 24 days with 14 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 Silver Summit a buyer's or seller's market?
Silver Summit, UT is currently a seller's market, based on 2.8 months of supply and homes selling in about 24 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
24
Average pace
Active listings
14
2.8 months supply
Sale-to-list
96.3%
Below asking
What does the Silver Summit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $7.10M |
| Median list price | $6.70M |
| Year-over-year price change | +69.0% |
| Average days on market | 24 days |
| Active inventory | 14 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 96.3% |
| Median price per sq ft | $1,139/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 4 |
| Listings with a price cut | 7.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Silver Summit by property type?
How the Silver Summit, 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 | $7.10M | $1,139/sq ft | 5 | 24 days |
Source: Redfin · Updated monthly
The Silver Summit housing market is currently classified as a seller's market with a median sale price of $7.10M. Prices have risen 69.0% compared to last year, with homes spending an average of 24 days on market, indicating 2.8 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 Silver Summit
There are currently 14 homes listed for sale in Silver Summit, Utah. The median listing price is $6.7M.
Active listings
14
Homes on market
Median list price
$6.7M
Avg. days on market
24
Days until sale
New this week
4
Newly listed
Who lives in Silver Summit?
Population
1,574
Median income
$235,329/yr
Median age
43.3 years
Owner-occupied
90.4%
College grads
75.5%
Avg commute
26.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Silver Summit?
Silver Summit is a community of approximately 2K residents with a median age of 43.3 years.The median household income is $235,329, which reflects a relatively affluent area with strong earning potential. 75.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 90.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Silver Summit offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Silver Summit, UT?
Want a head-to-head view? Compare Silver Summit side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Silver Summit?
The median home sale price in Silver Summit is $7.10M, up 69.0% from last year.
How long do homes stay on market in Silver Summit?
Homes typically spend 24 days on market before going under contract.
What is the median income in Silver Summit?
The median household income is $235,329 per year.
Is Silver Summit a buyer's or seller's market?
With 2.8 months of supply, Silver Summit is currently a seller's market.
How much does a single-family home cost in Silver Summit?
The median single-family home price in Silver Summit, UT is $7.10M (about $1,139 per square foot).
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