Utah Single-Family Listings Hit a 10-Year High

Utah Market Data

Utah Single-Family Listings Hit a 10-Year High

We pulled every single-family listing in the Utah MLS and counted how many were for sale on October 27 of each year back to 2016. These are homes listed for sale, not homes that sold.

14,879 Homes for Sale

There were 14,879 single-family homes for sale in Utah on October 27. That is up 3.6% from 14,363 a year ago and the most on that date in at least 10 years. In 2016 there were 11,070, so the count has grown by 3,809 homes, or 34.4%.

The count was lowest during the pandemic. Utah had 5,399 homes for sale on October 27, 2020, and 5,742 a year later. Today's count is about 2.6 times the 2021 level.

This fall's count has already started to ease. It was 15,529 on September 15 and is down about 650 since then.

By Property Type

Detached homes are the largest group, with 10,529 for sale on October 27. That is up 2.7% (279 homes) from last year and up 12.0% (1,124 homes) from 2016.

Utah had 2,549 townhomes for sale, up 11.1% from 2,295 a year ago. In 2016 there were 775, so the count has more than tripled. Townhomes added 1,774 listings over the 10 years, more than the 1,124 added by detached homes, and accounted for 46.6% of the total increase.

Condo listings were about flat over the past year at 1,629, up 22 from 1,607. They have more than doubled since 2016, when there were 783.

Twin homes are the smallest group, with 172 for sale, down from 211 a year ago and up from 107 in 2016. With so few listings, a change of a few dozen homes moves the percentage a lot.

Townhomes and Condos Are 28.1% of Listings

Townhomes and condos together made up 28.1% of single-family homes for sale on October 27. That is up from 27.2% a year ago and double the 14.1% share in 2016. The share rose in 8 of the last 10 years.

Detached homes have lost share over the same stretch. They were 70.8% of listings this year, down from 85.0% in 2016.

Counts for past years were rebuilt from each listing's dates in the MLS.

The Bottom Line

Utah had 14,879 single-family homes for sale on October 27, the most in at least 10 years and 34.4% more than in 2016. Townhomes more than tripled to 2,549 and added 1,774 listings, the largest gain of any type, while detached homes rose 12.0%. Townhomes and condos now make up 28.1% of everything for sale, double their 2016 share.

_{Single-family includes homes, townhomes, twin homes, and condos.}

_{Data sourced from UtahRealEstate.com (WFRMLS) listing data for single-family properties statewide, pulled October 28, 2026. Counts show active listings on October 27 of each year, rebuilt from listing, contract, closing, withdrawal, cancellation and expiration dates. The rebuilt count for October 27, 2026 came within 1.4% of the live MLS active count. UtahInvestor.com analysis.}

Sold Multi-Units This Week

Five multi-unit properties closed across Utah between October 20 and October 26. Prices ran from $315,000 to $3,465,000, and all five sold below their final asking price. Three were duplexes, one was a triplex and one was a 12-unit building. A Park City triplex sold for $3,465,000, or $1,030 per square foot, after 70 days on the market. A 12-unit building in Wendover sold for $987,500, about $82,300 per unit, after 408 days, while a West Valley City duplex sold in 9 days.

Mortgage Rates & Financing

Mortgage rates moved lower again this week. The 30-year fixed is at 7.33%, down 0.07 from a week ago and 0.10 from a month ago. It is still 1.14 above a year ago and 0.28 below its 52-week high of 7.61%. The 15-year fixed is at 7.01%, FHA is at 6.98% and jumbo loans are at 7.60%. The 7/6 SOFR ARM rose 0.05 to 6.85%, which is 0.48 under the 30-year fixed.

The 10-year Treasury closed at 4.99% on October 27, down from 5.12% a week earlier. On October 22 it closed at 4.96%, its first close under 5% this month. The Federal Reserve announces its rate decision this afternoon, and futures markets expect it to hold rates steady. Investor loans usually price 0.50 to 0.75 above the owner-occupied 30-year, which puts a rental purchase near 7.83% to 8.08% right now.

_{Source: Mortgage News Daily, rates as of October 27, 2026. 10-year Treasury yield from the U.S. Treasury daily yield curve.}

Utah Headlines

State Audit Finds Impact Fees Don't Raise Utah Home Prices — A legislative audit, with sales analysis by the Kem C. Gardner Policy Institute, found no link between impact fees and the prices of 10,000 home sales in 16 cities, but more than half of the nine cities it reviewed spent the fees wrongly or did not follow state law. Fees on a 2,000-square-foot home ranged from about $11,000 in Kaysville to $35,000 in Grantsville.

440-Unit Lehi Apartment Complex Sells for $130 Million — Weidner Apartment Homes bought Seasons of Traverse Mountain, built in 2014, for about $295,000 per unit after nearly 30 offers, in what Cushman & Wakefield, which arranged the sale, calls the largest widely marketed apartment sale on record in Utah County.

Salt Lake City Council Leans Toward an Owner-Occupancy Rule for Backyard Units — In an October 20 straw poll, the council backed requiring owners to live on-site to use new backyard-housing incentives, which the council chair said would likely cut expected projects to a couple dozen or fewer by 2030, with public hearings set for November 10 and 17.

Half of Young Utah Households Own a Home, Well Above the National Rate — The homeownership rate for Utah households headed by 25- to 34-year-olds was 50.1% in 2024, down from 54.3% in 2010 but well above the 40.4% U.S. rate, according to a study by economist James Wood.

National Headlines

Apartment Lending Conditions Fall to Their Weakest Since 2023 — NMHC's October survey of 130 apartment executives put its debt financing index at 10, down from 46 in July (anything under 50 means conditions got worse), with 81% saying borrowing got harder and the sales volume index falling to 22.

Apartment Completions Post the Smallest Third Quarter Since 2019 — About 82,000 apartments were finished nationwide in the third quarter, and completions so far this year are down 27% from the same stretch of 2025, according to RealPage.

Treasury Proposes Barring Large Investors From Buying More Single-Family Homes — The proposed rule would stop companies that control 350 or more single-family homes from buying more starting January 7, 2027, with exceptions for build-to-rent and renovate-to-rent, so smaller investors are not affected.

Apollo Pays About a 6% Cap Rate for a Stake in 7,059 Older UDR Apartments — Apollo is investing $1.34 billion for about two-thirds of a $2 billion venture covering 19 properties that average 39 years old, at a cap rate (yearly net income divided by price) of roughly 6%.

1031 Money Is Pouring Into DSTs, Up 27% This Year — Delaware statutory trusts (DSTs), which let exchange sellers buy a passive share of a large property, raised $7.5 billion through September, up from $5.9 billion a year earlier, and Hines just closed a $591 million apartment offering, its largest.

$733 Billion in Commercial Real Estate Loans Comes Due in 2027 — Trepp estimates $733.2 billion in commercial property loans mature next year as lenders grow less willing to extend them, and apartment loans made in 2021 and 2022 now face about twice their original interest rates.

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