Summit County Median Price Hits $2.2 Million

Summit County recorded a median single-family home sales price of $2.2 million in the first quarter of 2026. This figure exceeds the Utah state median of $559,900 by nearly four times. Wasatch County reported a median price of $1.2 million for the same period. The Kem C. Gardner Policy Institute published these figures in a new housing report. Utah ranks as the tenth most expensive state for single-family homes nationwide.

Homeownership rates in Utah have declined to near historical lows. The rate stands at 68.2% in 2025, down from 69.9% a decade ago. Summit County prices fell 5% compared to the first quarter of 2025. Wasatch County prices increased by 21.8% over that same twelve-month period. Officials in both counties cite high construction costs and limited inventory as primary drivers.

Regional Price Variations

Park City posted a median housing price of $3.3 million in August 2026. Echo recorded the lowest median price in Summit County at $360,000. Henefer followed with a median price of $699,950. These disparities highlight uneven market conditions within the county. Officials note that different zip codes face distinct affordability pressures.

Housing Supply Projections

Utah requires approximately 61,500 new units for households under age 35. Another 120,000 units are needed for residents aged 35 to 64. The state also needs 98,000 units for those 65 and older. The Policy Institute projects sustained demand driven by population growth. Current permitted units total 486 in Summit County and 959 in Wasatch County.

Assistance Programs Strain

The Wasatch County Housing Authority issued only one down-payment assistance loan in the past month. These loans carry a 2% interest rate over thirty years. The maximum assistance amount is capped at $30,000. Executive Director Jeffrey Bradshaw stated that current housing costs exceed the loan capacity. The board granted an exception for a household earning just over 80% of the area median income.

Summit County officials point to the Cline Dahle project as a potential solution. This development covers about 30 acres in Jeremy Ranch. It includes deed-restricted units ranging from 0% to 150% of the area median income. Research began in 2024, with implementation scheduled for mid-2025. Officials emphasize that no single solution will resolve the housing gap without continued public-private partnership.