Cedar City, UT Home Values & Market Trends
Real estate market trends reflect that there have been 871 transactions over the past year in Cedar City. The median value for residential home transactions that occurred over the previous year is $424,277.82. The number of current listings in Cedar City is 141, and the percentage of properties for sale in the city is 141.00%. Cedar City, UT currently has 18 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 141 properties for sale.
Cedar City, UT Real Estate Market Overview
Housing Market Summary for Cedar City, UT
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $439K | $421.7K | -3.95% |
| Median Sold Price | $397.4K | $421.7K | 6.11% |
| Homes For Sale | 131 | 135 | 3.05% |
| Homes Sold | 433 | 545 | 25.87% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cedar City, UT
Browse Homes in Cedar City, UT
Cedar City home values range from $22,951 to $5,327,503. The median estimated value of a home in Cedar City is $424,277.82. The median list price of a home is 425,000, and the total count of properties in the city is 15,066.
- Pre-ForeclosurePre-foreclosure homes account for 0.10% of all residential properties in Cedar City, UT with 84720 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Cedar City, UT; of those zips, the estimated home value for pre-foreclosure homes ranges from $505,854 in 84721 to the lowest home value of $143,668 in 84720.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cedar City, UT ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Cedar City, UT. There are 2 zips within Cedar City, UT; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions84721 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Cedar City, UT. Auction homes and other auction properties account for 0.02% of all properties in Cedar City, UT. There are 2 zips within Cedar City, UT; of those zips, the median estimated home value for homes going to auction ranges from $471,460 in 84720 to the lowest value of $347,545 in 84720.
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More Real Estate Resources for Cedar City, UT
Guide for Cedar City, UT
The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
