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Featured local agent — Washington Terrace, UT
Sarah Mitchell
Compass Real Estate · Washington Terrace, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Washington Terrace, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$392,500median sale price
How is the Washington Terrace, UT housing market right now?
The median home sale price in Washington Terrace, UT is $392,500, down 2.7% year-over-year. Homes sell in an average of 59 days with 22 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 Washington Terrace a buyer's or seller's market?
Washington Terrace, UT is currently a balanced market, based on 2.8 months of supply and homes selling in about 59 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
59
Average pace
Active listings
22
2.8 months supply
Sale-to-list
98.6%
Below asking
What does the Washington Terrace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $392,500 |
| Median list price | $380,000 |
| Year-over-year price change | -2.7% |
| Average days on market | 59 days |
| Active inventory | 22 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $210/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 13 |
| Listings with a price cut | 22.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Washington Terrace by property type?
How the Washington Terrace, 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 | $385,000 | $200/sq ft | 7 | 49 days |
| Condo / Co-op | $301,000 | $185/sq ft | 2 | 117 days |
| Townhouse | $400,000 | $221/sq ft | 1 | 79 days |
Source: Redfin · Updated monthly
The Washington Terrace housing market is currently classified as a balanced market with a median sale price of $392,500. Prices have fallen 2.7% compared to last year, with homes spending an average of 59 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.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Washington Terrace
There are currently 22 homes listed for sale in Washington Terrace, Utah. The median listing price is $380K.
Active listings
22
Homes on market
Median list price
$380K
Avg. days on market
59
Days until sale
New this week
13
Newly listed
Who lives in Washington Terrace?
Population
9,196
Median income
$79,971/yr
Median age
32.1 years
Owner-occupied
73.5%
College grads
22.9%
Avg commute
21.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Washington Terrace?
Zillow home value
$399,354
Zillow rent index
$1,410/mo
Price-to-rent ratio
23.6x
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Washington Terrace?
Washington Terrace is a community of approximately 9K residents with a median age of 32.1 years.The median household income is $79,971, which reflects a relatively affluent area with strong earning potential. 22.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Washington Terrace offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Washington Terrace, UT?
Want a head-to-head view? Compare Washington Terrace side-by-side with any other U.S. city using our market-comparison tool.
Is Washington Terrace a good real estate investment market?
For investors evaluating Washington Terrace, the price-to-rent ratio of 23.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.7% 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 Washington Terrace's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Washington Terrace's median home price.
Frequently asked questions
What is the average home price in Washington Terrace?
The median home sale price in Washington Terrace is $392,500, down 2.7% from last year.
How long do homes stay on market in Washington Terrace?
Homes typically spend 59 days on market before going under contract.
What is the median income in Washington Terrace?
The median household income is $79,971 per year.
Is Washington Terrace a buyer's or seller's market?
With 2.8 months of supply, Washington Terrace is currently a balanced market.
What is the Zillow home value estimate for Washington Terrace?
The Zillow Home Value Index (ZHVI) for Washington Terrace is $399,354, representing the typical home value in the area.
What is the median condo price in Washington Terrace?
The median condo/co-op sale price in Washington Terrace, UT is $301,000, compared to $385,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Washington Terrace?
The median single-family home price in Washington Terrace, UT is $385,000 (about $200 per square foot).
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