Draper, UT Real Estate Listings & Homes for Sale

In September 2024, Draper home prices saw a slight decline of 2.0% year-over-year, with the median sale price now at $730,000. Despite this dip, the local real estate market remains competitive, as homes are selling marginally faster—spending an average of 54 days on the market compared to 56 days in 2023. The number of homes sold also increased significantly, with 45 transactions this September compared to just 33 in the same period last year, indicating stronger buyer activity. Notably, the price per square foot rose by 9.8%, reaching $252, suggesting that while overall home prices have softened, demand for quality or well-located properties is driving up value in terms of space.

Draper's housing market is somewhat competitive, with homes typically selling within 40 days. While most properties tend to sell for about 1% below the listing price, some homes receive multiple offers, indicating buyer interest. "Hot" homes, in particular, can sell close to the list price and often go pending in as little as 12 days, reflecting a stronger demand for certain properties. This mix of standard and high-demand sales showcases the varying levels of competition within the Draper market.

Nationally, 0.53% of homebuyers are looking to relocate to Draper from other metropolitan areas. Among these out-of-town buyers, those from Los Angeles showed the most interest in moving to Draper, followed by potential buyers from San Francisco and Seattle. This indicates Draper's appeal to individuals from larger, higher-cost cities, likely attracted by its relatively more affordable housing market and desirable lifestyle offerings.