109 homes closed in Lehi during July 2026. That's every closed sale in the city, not just my listings, pulled from the MLS.
The median sale price was $632,000. The median time on market was 43 days.
Two numbers tell you the most about July. First, sellers paid out more than $845,000 in concessions in a single month, so the negotiating is happening somewhere the sale price doesn't show. Second, the market split hard by price: townhomes moved in about three weeks while larger single-family homes took more than twice as long. Lehi in July was really two markets sharing a zip code.
Here's the full breakdown.
The headline numbers
- 109 closed sales in Lehi in July 2026
- Median sale price: $632,000
- Median days on market: 43
- Median price per square foot: $224
- 24% of homes sold were built in 2025 or 2026
- 66% of closings included a seller-paid concession, with a median of about $10,000
- Sellers paid more than $845,000 in concessions across the month
- 69% sold below their original list price, by a median of 3.6%
- Sales ranged from $312,000 to just over $2 million
By property type
| Property Type | Sales | Median Price | Median $/SF | Median DOM |
|---|---|---|---|---|
| Single-family | 81 | $683,400 | $223 | 47 days |
| Townhome | 24 | $448,000 | $240 | 21 days |
| Condo | 3 | $320,000 | $251 | 39 days |
Here's that split in one table. Townhomes, at a $448,000 median, sold in a median of 21 days. Single-family homes, at $683,400, took 47. When the entry point to a market is this much faster than the move-up tier, it's telling you where the buyer demand is concentrated: on what people can afford. Notice too that the price per square foot runs highest on the smallest homes, condos at $251 and townhomes at $240 against single-family at $223. That's normal. Smaller homes spread their fixed costs over fewer feet, which is why $/SF is a sanity check, not a pricing method.
Neighborhood by neighborhood
Every neighborhood below recorded at least two closed sales in July. Utah is a non-disclosure state, so I don't publish individual sale prices or addresses. These are neighborhood medians only.
| Neighborhood | Sales | Median Price | Median DOM | Median $/SF | Property Types |
|---|---|---|---|---|---|
| Inverness | 8 | $637,495 | 10 | $252 | Single-family, Townhome |
| River Point | 6 | $689,200 | 129 | $197 | Single-family |
| Cold Spring Ranch | 5 | $485,000 | 56 | $203 | Single-family, Townhome |
| Pioneer Meadows | 5 | $677,790 | 38 | $281 | Single-family |
| Canyon Point | 3 | $1,012,500 | 51 | $253 | Single-family |
| Willow Point | 3 | $480,000 | 70 | $198 | Townhome |
| Boardwalk | 2 | $389,450 | 70 | $200 | Townhome |
| Crossing at Traverse | 2 | $811,134 | 9 | $220 | Single-family |
| Inverness by D.R. Horton | 2 | $578,490 | 36 | $268 | Single-family, Townhome |
| Jordan Willows | 2 | $667,500 | 10 | $225 | Single-family |
| Lakeview Estates | 2 | $1,239,000 | 54 | $273 | Single-family |
| Snows Springs | 2 | $1,073,500 | 135 | $215 | Single-family |
| Spring Ranch | 2 | $477,000 | 32 | $234 | Single-family, Townhome |
The remaining 65 sales were either one-off closings in smaller pockets of the city or homes that closed without a subdivision listed in the MLS. A single sale isn't a trend, and in a non-disclosure state reporting it would be reporting somebody's private closing, so those are left out.
What stood out
Inverness was the busiest neighborhood in the city, and it moved. Eight closings at a 10-day median, a mix of single-family and townhomes. When a neighborhood turns that fast on that many sales, it's a sign of product priced right where the demand is.
River Point sat at the other end. Six sales at a 129-day median on larger single-family homes, median size north of 3,500 square feet. It also posted one of the lowest price per square foot in the city at $197, which fits: bigger homes, more square feet to spread the cost across, and a smaller buyer pool at that size, so they take longer to sell.
Pioneer Meadows posted the highest price per square foot among busy neighborhoods at $281, on a smaller median footprint than River Point. Same lesson as always. A high per-foot number often means a smaller home, not a more expensive one.
Crossing at Traverse and Jordan Willows were the quickest higher-end moves, both at roughly a 10-day median, one in the $800s and one in the $600s. Priced right, even move-up homes went fast.
The top of the market was busy for a summer month. Canyon Point ran a median just over $1 million, and Lakeview Estates and Snows Springs both cleared the $1 million mark on larger homes. Lehi's upper end has real buyers right now.
The concession story
This is the part worth slowing down on.
Two out of three Lehi sales in July, 66% of them, included a seller-paid concession, money the seller credited the buyer at closing, usually to buy down the interest rate or cover closing costs. Add it all up and Lehi sellers handed back more than $845,000 in a single month.
A concession doesn't have to be closing costs or a rate buydown, either. Depending on the deal, it can cover repairs, a home warranty, HOA transfer fees, or a more flexible closing timeline. The common thread is that it's value the seller gives without touching the headline price.
Worth noting: Lehi's concession rate ran a bit lower than some neighboring cities. That tracks with a higher-priced, move-up market, where a larger share of buyers are rolling equity from a previous home rather than stretching for every dollar of closing help. New construction sales did lean on concessions more, at a 73% rate versus 64% on resale.
If you only look at sale prices, you'll think this market is firm. Look at the concessions, and you'll see where the negotiating actually happened.
How a concession can nudge the recorded price up
Here's the mechanic worth understanding, because it shapes what the next round of comps looks like.
A concession is often built into the price rather than taken off it. Say a home would sell for $500,000 clean. A buyer who's short on closing cash might instead agree to pay $510,000 with the seller crediting $10,000 back at closing. The seller still nets $500,000. The buyer gets their closing costs covered. Both sides get what they wanted.
But look at what got recorded: a $510,000 sale, not a $500,000 one.
Two things follow from that, and both land on you:
- The comps drift up. The next appraisal and the next market analysis both see $510,000. When two out of three sales carry a concession, the recorded prices sit a little above what buyers are paying on a net basis, and that gap compounds across a neighborhood over time.
- The buyer financed money they didn't keep. That extra $10,000 is now part of the mortgage. The buyer pays interest on it for the life of the loan and starts with a little less equity than the price tag suggests.
None of this is a trick. Concessions are fully disclosed to the lender, they're legal, and for a buyer who needs help with closing costs they can be the thing that makes a purchase possible. The point isn't that concessions are bad. It's that the recorded price and the real net price aren't always the same number, and you want to know which one you're looking at before you lean on it.
This is also the cleanest reason an automated valuation tool misreads this market. It reads $510,000 and moves on. It has no idea $10,000 came right back out at the closing table.
This is what I dig into every month. If you'd like the Lehi numbers in your inbox the first week of every month, you can sign up for the monthly market update.
If you're buying
Ask what's available beyond the price. Two out of three July buyers got a concession. If you're negotiating only on the sticker price, you're pushing on the one lever a builder is least willing to move.
Match your strategy to the tier. The entry level moved fast in July, with townhomes closing in a median of three weeks. If you're shopping there, be ready to act. In the move-up and upper tiers, homes are sitting longer, which means more room to negotiate and less pressure to rush.
Don't let days on market spook you on a new build. A builder listing showing a high day count often reflects construction time, since builders list homes on the MLS before they're finished. Judge new construction on the incentive package and the completion date, not the day count. I broke down the bigger new-versus-resale decision in new construction vs. an existing home.
If you're selling
Know which tier you're in. A Lehi townhome and a Lehi custom home are not in the same market right now. Entry-level product is moving quickly. Larger, higher-priced homes are taking longer and need sharper pricing to compete. Price to your tier, not to the citywide median.
Price off sold homes, not active ones. Active listings show your competition, what other sellers are hoping to get. Sold homes show what buyers have actually been willing to pay. Those are two different numbers, and the sold ones are the honest ones. In a non-disclosure state like Utah, that sold data isn't public, which is exactly why a real comparative market analysis built from the MLS beats any website estimate.
Budget for a concession before you list. With two-thirds of July's sales including one, plan for a credit to come back out at closing. A seller who prices without accounting for that gets surprised at the table.
Original list price is where the damage happens. 69% of homes sold below their original asking price, giving up a median of 3.6%. On a $683,000 single-family home that's about $25,000, most of which comes from starting too high and correcting late. Overpricing is the most expensive mistake I see, and if you want to sell up here, know that you're often competing with new construction and its incentives.
A citywide median tells you the trend. It doesn't tell you what your home would sell for today. If you're weighing a move, I'll prepare a free home valuation based on recent sales near you, with no obligation.
The market speaks, and we need to listen. In July it said price to your tier, and plan for the concession.
Frequently asked questions
What is the average home price in Lehi right now?
In July 2026, the median sale price was $632,000. By type, single-family homes ran a median of $683,400, townhomes $448,000, and condos $320,000. Median is generally a better gauge than average, since a few very high or low sales can skew an average.
Is it a buyer's or seller's market in Lehi?
It depends on the price tier. Entry-level townhomes moved fast in July, in a median of about three weeks, which favors sellers. Larger single-family homes took longer and came with more negotiating room, which favors buyers. Overall, 66% of sales included a seller-paid concession.
How long are homes taking to sell in Lehi?
The citywide median was 43 days, but that hides a real split. Townhomes sold in a median of 21 days while single-family homes took 47. New construction can also stretch the number, since builders often list before a home is finished.
Why are Lehi homes more expensive than nearby cities?
Lehi sits in the middle of Silicon Slopes and carries more of the higher-priced, move-up housing stock, which lifts the median. In July that showed up as a $632,000 median and several sales above $1 million.
What are seller concessions, and why do they matter?
A concession is money or value the seller gives the buyer at closing, often a rate buydown or closing-cost credit, but it can also cover repairs, a home warranty, or HOA transfer fees. In July, Lehi sellers paid out more than $845,000 in concessions, which is why sale price alone understates how much buyers actually gained, and why the recorded price isn't always the true net price.
How much is my Lehi home worth?
That depends on your home's size, condition, location, and pricing, and on which tier of the market it sits in. A market report gives you the citywide picture, but a comparative market analysis on your specific home is the real answer. You can request a free home valuation and I'll put one together for you.
About this data
Figures come from the UtahRealEstate.com MLS and cover all 109 residential closings recorded in Lehi during July 2026, including single-family homes, townhomes, and condominiums. Medians are rounded. Utah is a non-disclosure state, meaning sale prices are not public record, so no individual addresses or sale prices are published here. Neighborhoods with a single recorded sale, or with no subdivision listed in the MLS, are excluded from the neighborhood table.
Days on market reflects MLS listing time and can overstate real market time on new construction, where listings are frequently posted before the home is complete.
A CMA is not an appraisal and should not be used as one. A formal appraisal can only be performed by a licensed appraiser.
Get next month's report before anyone else
Two easy ways to stay ahead of this market:
- Want these numbers in your inbox every month? Sign up for the monthly Lehi market update and it'll land the first week of every month, no digging required.
- Curious what your own home would sell for today? Request a free home valuation and I'll build one from recent sales near you, with no obligation.
Prior month's report: Lehi Home Sales: June 2026 Market Report
Related reading
- Should I sell my Lehi home in 2026? A rate-lock and equity breakdown
- Overpricing your Lehi home and what it does to days on market
- Are rate buydowns worth it? The Lehi break-even
- New construction vs. an existing home in Utah County
Kat Ashby is the Principal Broker at RootQuest Realty LLC in Saratoga Springs, Utah, serving Saratoga Springs, Eagle Mountain, Lehi, and Utah County. License #10382396-PB00. Bilingual in English and Portuguese.