Vernal Utah Real Estate Update!
Welcome to Vernal, Utah where the real estate market is heating up. As a growing city in the Uintah Basin, Vernal has seen a growing interest from home buyers and investors alike. In this blog post we will take a closer look at the current state of the Vernal real estate market and what it means for buyers and sellers.
Housing Prices and Property Values
The median home price in Vernal is currently $444,000 That is the median asking price of homes for sale in all of Uintah County In the past 30 days, looking at Sold listings, the median sales price was $272,500 Property values have steadily been increasing over the past few years and we expect this trend to continue as more people discover the natural beauty and outdoor recreation opportunities in the Vernal area.
Inventory and Days on Market
Currently there is 48 Resiential properties listed for sale with a low listing price of $154,000 and a high of $1,350,000 The median days these homes have been on the market for is 8. One of the challenges for home buyers in the Vernal area is availability. During the past oilfield booms many subdvisions were started and new homes were built. With the increase of people moving in since 2020, subdivsions have not been started yet, like in the past. Even reantal property is in high demand.
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