Lehi, UT Foreclosures
How much do homes sell for in Lehi, UT?
The average home price is currently $667,216.
In Lehi, UT, how many homes are available?
There are currently 124 active home listings available in Lehi.
What’s the average rental cost in Lehi, UT?
The average rental price in Lehi is $2,119.
What is the most expensive home in Lehi?
The most expensive home sold in Lehi had a price of $10,877,125.
What is currently the cheapest priced home in Lehi, UT?
The cheapest home for sale in Lehi is priced at $104,347.
Living in Lehi, UT
Lehi, UT, is a thriving city combining modern amenities with a suburban lifestyle. Known for its rapid growth and the emerging tech scene, Lehi attracts families and professionals alike. With access to beautiful outdoor spaces and quality schools, it is a fantastic place to live.
Current Market Conditions in Lehi, UT
Lehi's real estate market has shown significant growth in the past year, with increasing home values and demand driven by the robust job market and the influx of new residents. Inventory remains low, leading to competitive buying conditions characterized by bidding wars and quick sales. The city's appeal to families and young professionals continues to fuel interest in the housing market, making it a prime location for investment opportunities.
In recent months, the housing market in Lehi has experienced a slight cooling, with a stabilization in home prices and a gradual increase in available inventory. However, demand remains strong due to the ongoing economic development and the area's desirability, leading to a balanced market. Buyers are becoming more selective, while sellers are adjusting their expectations, resulting in a more sustainable market environment.
Home Value Estimator For Lehi, UT
There are currently 25,638 real estate properties
in Lehi, UT,
with a median automated valuation model (AVM) price
of $584,484.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lehi, 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 Lehi, UT,
is $667,216.00, with the most expensive house
in Lehi, UT, topping out
at $10,877,125.00 and the cheapest home
in Lehi, UT,
clocking in at $104,347.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lehi, UT!
Rent Prices
In Lehi, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lehi, UT, is on
a rollercoaster ride. The
average rent price in Lehi, UT,
is $2,119.00. Indeed, when looking to rent in
Lehi, UT, you can expect to pay as little
as $760.00 or as much
as $4,040.00,
with the average rent median estimated to
be $2,070.00. The good news is that finding
an affordable and desirable property to rent in Lehi, 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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