Elk Ridge, UT Foreclosures
How much do homes sell for in Elk Ridge, UT?
The average home price is currently $732,738.
In Elk Ridge, UT, how many homes are available?
There are currently 5 active home listings available in Elk Ridge.
What’s the average rental cost in Elk Ridge, UT?
The average rental price in Elk Ridge is $2,192.
What is the most expensive home in Elk Ridge?
The most expensive home sold in Elk Ridge had a price of $3,381,400.
What is currently the cheapest priced home in Elk Ridge, UT?
The cheapest home for sale in Elk Ridge is priced at $294,436.
Living in Elk Ridge, UT
Elk Ridge, UT, is a peaceful and scenic suburb located in Utah County. It is surrounded by natural beauty, offering residents abundant opportunities for outdoor recreation and a strong sense of community. With great schools and convenient amenities, Elk Ridge is an attractive location for families and nature lovers alike.
Current Market Conditions in Elk Ridge, UT
Elk Ridge's real estate market currently reflects a healthy demand for homes, with a variety of property types available. The area has seen consistent growth in home values, a trend that is expected to continue as more people discover the charm and serenity of the community.
The market is competitive, with homes typically selling quickly, especially those in desirable neighborhoods close to schools and parks. As families continue to move to the area, the demand for homes keeps rising, which may lead to further appreciation in property values.
Home Value Estimator For Elk Ridge, UT
There are currently 776 real estate properties
in Elk Ridge, UT,
with a median automated valuation model (AVM) price
of $686,763.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elk Ridge, UT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Elk Ridge, UT,
is $732,738.00, with the most expensive house
in Elk Ridge, UT, topping out
at $3,381,400.00 and the cheapest home
in Elk Ridge, UT,
clocking in at $294,436.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elk Ridge, UT!
Rent Prices
In Elk Ridge, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elk Ridge, UT, is on
a rollercoaster ride. The
average rent price in Elk Ridge, UT,
is $2,192.00. Indeed, when looking to rent in
Elk Ridge, UT, you can expect to pay as little
as $1,240.00 or as much
as $3,220.00,
with the average rent median estimated to
be $2,140.00. The good news is that finding
an affordable and desirable property to rent in Elk Ridge, UT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
