Midvale, UT 84047 Real Estate Market Report

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

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

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

Key Findings

1. median sold price (unavailable) — The median sold price is not listed in the supplied metrics, which may indicate recent transaction data is limited in the sample or not yet published for this ZIP; without a recorded median sold price, rely on listing-level snapshots and qualitative liquidity signals to assess realized market value.
2. median listing price $565,000 and median price per square foot $276 — Current asking prices indicate sellers are marketing properties near these levels; the presence of a pricing spread between asking and realized sales should be monitored since listing prices alone do not confirm final transaction levels.
3. median days on market 59 and market temperature described as neutral (neutral) — A median days on market of 59 points to slower sales velocity and aligns with a more balanced market rather than a rapid seller’s market; this appears consistent with the neutral market temperature and suggests moderate transaction volume and potential pricing friction.
4. median market rent $1,700 with rent year-over-year trend up and interest rate pressure described as elevated — Rental demand is firming while financing costs are higher (current comparative mortgage context shows 6.49% vs 6.09%), which may sustain investor interest in rentals but also increases carrying costs for buyers and could lengthen listing-to-sale timelines.

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.