Utah remained the ninth most expensive U.S. housing market in 2024, with a median single-family home price of $547,700, rising less than 1% since 2022. Housing affordability is a major concern, especially in five large counties where homes are seriously to severely unaffordable. Residential construction declined, particularly in apartments, while home sales and listings increased. The market is expected to remain stable in 2025 with modest price growth and steady mortgage rates.