Murray, UT 84121 Real Estate Market Report
ZIP Code: 84121
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 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 not provided in the available metrics; this absence likely reflects limited recent closed-transaction data in the sample or a timing/data-refresh gap, so transaction-based valuation should be treated with caution. down
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median listing price is $720,000, which provides a seller expectation anchor but may not reflect realized transaction levels given the missing median sold price and the reported down price year-over-year trend.
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median days on market is 91, indicating slower sales velocity and suggesting greater negotiation time for buyers and sellers; this extended exposure may contribute to pricing friction between asking and realized prices.
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market temperature is cold with elevated interest rate pressure (Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 2026), rent trends are down, and inventory conditions appear as elevated inventory relative to sales activity, all of which may continue to pressure sellers and favor buyers in near-term negotiations.
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 above market average
Sold below market average
Sold above market average
Sold at market average
Sold above market average
Sold at market average
Murray, UT 84121 Real Estate Market Report
ZIP Code: 84121
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 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: unavailable — A recent median sold price is not present in the provided metrics, so representative transaction-level valuation is indeterminate from these inputs; without that figure, rely cautiously on listing, rent, and trend indicators to infer market direction. data gap
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median listing price: $633,450 — The median listing price of $633,450 represents current seller pricing expectations and, given the available trend signals, may be higher than recent sale values, suggesting pricing friction between sellers and the slower transactional market.
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median days on market: 100 — A median days on market of 100 indicates materially slower sales velocity and reduced liquidity relative to typical fast-moving markets; this pace, combined with listing-price context, suggests buyers can negotiate and transactions may take longer to close. slower sales velocity
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market temperature: cold; price year-over-year trend: down; rent year-over-year trend: down; interest rate pressure: elevated** — These combined signals point to a cooling market environment. Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 2026, and this elevated rate pressure likely contributes to softer demand and downward price pressure. down
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 at market average
Quick sale indicating strong buyer demand and competitive market conditions.
Sold at market average
Sold below market average
Sold at market average
Quick sale indicating strong buyer demand and competitive market conditions.
Sold above market average
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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