Midvale, UT 84047 Real Estate Market Report
ZIP Code: 84047
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.
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.
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.
Rental Market
Property Taxes
Liquidity & Velocity
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 Midvale, UT 84047 are averaging 6.4%, which is consistent with the broader market environment for loans originated throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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median sold price is unavailable in the provided metrics, which limits transaction-based valuation; this absence may reflect a lack of recent closed-sale data in the sample or a timing gap in reporting, so rely cautiously on listing-side and trend indicators when assessing realized market value. neutral data availability
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median listing price $524,900 anchors current asking-price expectations while the year-over-year price trend is down, suggesting a neutral-to-slightly cooling price environment where sellers may need to adjust expectations to align with recent transaction levels.
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median days on market 56 indicates slower sales velocity compared with faster-turn markets, which may signal pricing friction or buyers taking more time to transact in this neutral market; this aligns with the market temperature being described as neutral, suggesting balanced negotiation leverage between buyers and sellers.
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median market rent $1,595 is rising alongside a rent year-over-year trend up, pointing to strengthening rental demand; buyers planning buy-to-rent strategies should factor in current rents and note that interest rate pressure is moderate and Current 30-year fixed mortgage rates in Midvale, UT 84047 are averaging 6.4%, which may affect financing costs and hold-period analysis.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold above market average
Sold above market average
Sold at market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Sold at market average
Midvale, UT 84047 Real Estate Market Report
ZIP Code: 84047
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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.
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.
Rental Market
Property Taxes
Liquidity & Velocity
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 Midvale, UT 84047 are averaging 6.4%, which is consistent with the broader market environment for loans originated throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
median sold price is not available in the provided metrics; this absence may reflect limited recent closed-transaction reporting in the sampled data or a reporting lag, so recent transaction-level valuation must be treated as incomplete until sold-price data is provided. not available
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median listing price is $280,725; combined with a neutral market temperature, this suggests current asking prices are broadly aligned with market conditions but may face limited downward pressure as the market cools.
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median days on market is 228, indicating slower sales velocity and extended listing durations that may reflect pricing friction or more selective buyer behavior; this is consistent with the down year-over-year price trend.
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median market rent is $1,500 and median price per square foot is 370; with rent year-over-year trend up and interest rate pressure labeled as moderate (current 30-year fixed mortgage rates averaging 6.4%), investors and owners should note strengthening rental momentum even as purchase-side activity cools.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold below market average
Sold below market average
Sold at market average
Sold below market average
Sold above market average
Sold at market average
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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