Summit Park, UT

Buyer's market-13.2% YoY

Housing market overview · Updated weekly

$1.25Mmedian sale price

Homes sold

9

Last 12 weeks

Days on market

125

Average pace

Active listings

47

5.2 months supply

Sale-to-list

94.1%

Below asking

The Summit Park housing market is currently classified as a buyer's market with a median sale price of $1.25M. Prices have fallen 13.2% compared to last year, with homes spending an average of 125 days on market, indicating 5.2 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Summit Park

There are currently 47 homes listed for sale in Summit Park, Utah. The median listing price is $1.6M.

Active listings

47

Homes on market

Median list price

$1.6M

Avg. days on market

125

Days until sale

New this week

13

Newly listed

Price drops:17.0%of listings
Sale-to-list:94.1%

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Frequently asked questions

What is the average home price in Summit Park?

The median home sale price in Summit Park is $1.25M, down 13.2% from last year.

How long do homes stay on market in Summit Park?

Homes typically spend 125 days on market before going under contract.

Is Summit Park a buyer's or seller's market?

With 5.2 months of supply, Summit Park is currently a buyer's market.

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