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Featured local agent — Springville, UT
Sarah Mitchell
Compass Real Estate · Springville, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springville, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Springville, UT housing market right now?
The median home sale price in Springville, UT is $400,000, down 24.2% year-over-year. Homes sell in an average of 41 days with 98 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 Springville a buyer's or seller's market?
Springville, UT is currently a balanced market, based on 3.4 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
41
Average pace
Active listings
98
3.4 months supply
Sale-to-list
99.7%
Below asking
What does the Springville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $479,450 |
| Year-over-year price change | -24.2% |
| Average days on market | 41 days |
| Active inventory | 98 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $237/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 44 |
| Listings with a price cut | 36.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Springville by property type?
How the Springville, 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 | $467,938 | $225/sq ft | 18 | 22 days |
| Condo / Co-op | $273,900 | $271/sq ft | 7 | 46 days |
| Townhouse | $421,500 | $236/sq ft | 4 | 150 days |
Source: Redfin · Updated monthly
The Springville housing market is currently classified as a balanced market with a median sale price of $400,000. Prices have fallen 24.2% compared to last year, with homes spending an average of 41 days on market, indicating 3.4 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 5.8x provides context for how home values compare to local earning capacity.
Homes for sale in Springville
There are currently 98 homes listed for sale in Springville, Utah. The median listing price is $479K.
Active listings
98
Homes on market
Median list price
$479K
Avg. days on market
41
Days until sale
New this week
44
Newly listed
Who lives in Springville?
Population
35,474
Median income
$88,516/yr
Median age
28 years
Owner-occupied
70.1%
College grads
38.9%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Springville?
Zillow home value
$515,633
Zillow rent index
$1,637/mo
Price-to-rent ratio
26.2x
Price-to-income
5.8x
Source: Zillow Research
What is it like to live in Springville?
Springville is a community of approximately 35K residents with a median age of 28 years.The median household income is $88,516, which reflects a relatively affluent area with strong earning potential. 38.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Springville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Springville?
13 schools tracked · 8,385 students
The largest public schools serving Springville, UT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Springville High
Grades 6-12 · 1,675 students
Springville Jr High
Grades 7-9 · 1,128 students
Spring Canyon Middle
Grades 6-8 · 1,084 students
Reagan Academy
Grades K-8 · 681 students
Meadow Brook School
Grades PK-6 · 680 students
Westside School
Grades PK-6 · 622 students
Sage Creek School
Grades PK-6 · 511 students
Merit College Preparatory Academy
Grades 7-12 · 493 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Springville, UT?
Want a head-to-head view? Compare Springville side-by-side with any other U.S. city using our market-comparison tool.
Is Springville a good real estate investment market?
For investors evaluating Springville, the price-to-rent ratio of 26.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 24.2% 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 Springville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Springville's median home price.
Frequently asked questions
What is the average home price in Springville?
The median home sale price in Springville is $400,000, down 24.2% from last year.
How long do homes stay on market in Springville?
Homes typically spend 41 days on market before going under contract.
What is the median income in Springville?
The median household income is $88,516 per year.
Is Springville a buyer's or seller's market?
With 3.4 months of supply, Springville is currently a balanced market.
What is the Zillow home value estimate for Springville?
The Zillow Home Value Index (ZHVI) for Springville is $515,633, representing the typical home value in the area.
What is the median condo price in Springville?
The median condo/co-op sale price in Springville, UT is $273,900, compared to $467,938 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Springville?
The median single-family home price in Springville, UT is $467,938 (about $225 per square foot).
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