Cedar City, UT 84721 Real Estate Market Report

ZIP Code: 84721
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cedar City, UT, average 6.3% as of May 2026, reflecting a volatile market environment compared to the sub-6% rates observed earlier in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price is unavailable in the provided dataset, which may indicate a lack of recent closed-transaction data in the sampled period or reporting lag for finalized sale records; this limits direct assessment of realized market value from transactions.

2. median listing price — $310,000 signals current seller pricing expectations; coupled with median days on market — 49, this appears to reflect slower sales velocity and moderate market churn, while elevated inventory relative to sales activity may be creating pricing friction for sellers.

3. price year-over-year trend — up while market temperature — neutral suggests measured appreciation without a clear seller advantage; pockets of stronger demand (notably for new construction) may be pushing prices higher even as overall balance remains neutral.

4. interest rate pressure — elevated (current 30-year fixed mortgage rates averaging 6.3% as of May 2026) is a near-term headwind for affordability; concurrently, rent year-over-year trend — up and median market rent — $1,550 indicate persistent rental demand, which may sustain investor interest despite higher financing costs.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.