Draper, UT Home Values & Market Trends
Real estate market trends reflect that there have been 476 transactions over the past year in Draper. The median value for residential home transactions that occurred over the previous year is $833,808.57. The number of current listings in Draper is 35, and the percentage of properties for sale in the city is 35.00%. Draper, UT currently has 11 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 35 properties for sale.
Draper, UT Real Estate Market Overview
Zip | Median Est. Value |
---|---|
84020 | $ 1,100,660 $ 407/sqft |
Housing Market Summary for Draper, UT
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $882.5K | $786.4K | -10.89% |
Median Sold Price | $825.1K | $786.4K | -4.69% |
Homes For Sale | 22 | 35 | 59.09% |
Homes Sold | 367 | 346 | -5.72% |
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 Draper, UT
Browse Homes in Draper, UT
Draper home values range from $69,046 to $10,568,395. The median estimated value of a home in Draper is $833,808.57. The median list price of a home is 1,100,000, and the total count of properties in the city is 11,597.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Draper, UT with 84020 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Draper, UT; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,318,554 in 84020 to the lowest home value of $648,042 in 84020.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Draper, 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 Draper, UT. There is 1 zips within Draper, UT; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions84020 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Draper, UT. Auction homes and other auction properties account for 0.06% of all properties in Draper, UT. There is 1 zips within Draper, UT; of that zips, the median estimated home value for homes going to auction ranges from $1,485,250 in 84020 to the lowest value of $747,750 in 84020.
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Guide for Draper, 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.
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