Granite, UT Foreclosures
How much do homes sell for in Granite, UT?
The average home price is currently $1,968,931.
What’s the average rental cost in Granite, UT?
The average rental price in Granite is $2,899.
What is the most expensive home in Granite?
The most expensive home sold in Granite had a price of $8,369,000.
What is currently the cheapest priced home in Granite, UT?
The cheapest home for sale in Granite is priced at $160,196.
Living in Granite, UT
Granite, UT, is a picturesque mountain community that offers a tranquil lifestyle surrounded by nature. With numerous outdoor activities and family-friendly amenities, it is an appealing place for those seeking peace and recreation. The area is characterized by its stunning viewpoints and a close-knit community atmosphere.
Current Market Conditions in Granite, UT
The real estate market in Granite has shown steady growth over the past year, with an increase in home values and a low inventory of available properties. This trend is driven by the rising demand for homes in scenic areas as more people seek refuge from urban living in favor of quieter, more picturesque communities. Buyers are willing to pay a premium for homes that offer both privacy and access to nature, contributing to a competitive housing market.
In the past few months, the market has remained resilient despite economic fluctuations. The demand for single-family homes, particularly those with land and mountain views, has continued to rise, attracting both families and investors. Homes are selling faster than the previous year, indicating a solid buyer interest. Sellers are also getting close to their asking prices with many properties experiencing multiple offers.
Home Value Estimator For Granite, UT
There are currently 16 real estate properties
in Granite, UT,
with a median automated valuation model (AVM) price
of $953,621.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Granite, 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 Granite, UT,
is $1,968,931.00, with the most expensive house
in Granite, UT, topping out
at $8,369,000.00 and the cheapest home
in Granite, UT,
clocking in at $160,196.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Granite, UT!
Rent Prices
In Granite, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Granite, UT, is on
a rollercoaster ride. The
average rent price in Granite, UT,
is $2,899.00. Indeed, when looking to rent in
Granite, UT, you can expect to pay as little
as $1,320.00 or as much
as $4,660.00,
with the average rent median estimated to
be $2,470.00. The good news is that finding
an affordable and desirable property to rent in Granite, 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.
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