May 2026 brought 65 single-family home sales in Lehi — a market that spans an enormous range of price points, neighborhood characters, and home sizes. The median sale price landed at $595,000 with a median home size of 3,200 square feet, and prices stretched all the way from $375,000 to just over $1 million. Lehi is not one market. It's a collection of neighborhoods each trading at their own level, and understanding that distinction is what actually helps you make smart decisions — whether you're buying, selling, or just keeping an eye on what your home is worth.
Utah is a non-disclosure state, which means individual sale prices are not public record. As a local agent with full MLS access, I can share what sold in each neighborhood — sizes, bedroom counts, prices, and key details — without disclosing specific addresses. Here's the complete May breakdown.
The numbers that matter most
| Metric | May 2026 |
|---|---|
| Total sales | 65 homes |
| Median sale price | $595,000 |
| Average sale price | $618,146 |
| Price range | $375,000 – $1,016,000 |
| Median home size | 3,200 sq ft |
| Median bedrooms | 4 |
| Median price per sq ft | $187 |
| Homes with seller concessions | 14% (9 of 65) |
| Average concession | $8,788 |
| Median concession | $8,000 |
That $187/sq ft median is your Lehi benchmark — notably higher than Eagle Mountain's $166/sq ft and right in line with a more established market that blends resale product with premium new construction. Curious where your specific home falls? Get a free personalized home valuation report here — I'll run actual MLS comps for your address, not a Zestimate.
The concession story: Lehi sellers are holding firmer
The most striking number in May's Lehi data is the 14% concession rate — dramatically lower than the 79% we saw in Eagle Mountain and 67% in Saratoga Springs during the same period. Only 9 of 65 homes sold with any seller-paid closing costs or rate buydowns, and when concessions did happen, they averaged $8,788.
What does that tell you? Lehi's resale market is operating with more seller leverage than the new-construction-heavy markets to the west. Buyers in Lehi are finding less room to negotiate on seller contributions — but they're also generally buying homes with more established neighborhoods, mature landscaping, and known school zones. Different tradeoffs, different dynamics.
Neighborhood-by-neighborhood breakdown
Holbrook Farms — 7 sales | $544,000–$680,000 | Median $617,000
The most active neighborhood in Lehi in May with 7 closings. Homes ranged from 3,000 to 3,824 sq ft with 4–5 bedrooms — a consistent, move-up family product. The median of $617,000 reflects a well-established neighborhood commanding solid pricing. One sale stood out: a 4-bed, 3,400 sq ft home with an 80% finished basement closed at $617,000 with a $9,000 concession in just 1 day — the fastest sale in the neighborhood this month. Homes with 50%+ finished basements in Holbrook Farms cleared $617,000–$680,000, while those without finished basements landed in the $544,000–$580,000 range — a consistent $60,000–$70,000 premium for finished lower levels.
Eagle Summit — 4 sales | $670,000–$825,000 | Median $717,500
Four closings in Eagle Summit, all in the upper tier. These are large homes — 4,870 to 5,169 sq ft — with 5 bedrooms and price tags that reflect the premium lot sizes (up to 0.50 acres) and finished quality. The range from $670,000 to $825,000 is driven almost entirely by basement finish: the two homes with fully finished basements closed above $735,000, while the two without came in at $670,000–$700,000. No concessions on any Eagle Summit sale. Buyers here are paying full price for premium product.
Morning Vista — 4 sales | $555,000–$770,000 | Median $673,500
Four closings with a story that deserves attention. The range here — $555,000 to $770,000 in the same neighborhood — is driven by finished basements. A 5-bed, 4,320 sq ft home with a 100% finished basement closed at $770,000, while a 4-bed, 2,720 sq ft home without a finished basement came in at $555,000. That $215,000 spread within a single neighborhood, across different sizes and finish levels, makes Morning Vista a neighborhood where pricing precision is everything. No seller concessions reported on any of the four sales.
Ivory Ridge Parkside — 4 sales | $570,000–$756,000 | Median $576,000
Four closings in Ivory Ridge Parkside, including the month's widest price range for a multi-sale neighborhood. The outlier: a 5-bed, 3,600 sq ft home with a fully finished basement closed at $756,000 — $180,000 above the next-highest Ivory Ridge Parkside sale. The three resale homes without finished basements came in at $570,000–$580,000, clustering tightly. Average concessions were $8,750, the highest of any neighborhood in the dataset, suggesting sellers here are willing to offer something to get deals across the finish line.
College Farms — 3 sales | $550,000–$757,000 | Median $755,000
Three closings with a median near the top — and a story about what finished basements do at the upper end of the market. Two of the three sales were homes with 100% finished basements, closing at $755,000 and $757,000. The third — a 4-bed, 3,030 sq ft home without a finished basement — sold for $550,000. That's a $205,000 gap within the same subdivision. Average concessions were $11,880, the highest in May across all multi-sale neighborhoods.
Kaufman and Broad at Pilgrims Landing — 3 sales | $398,000–$572,000 | Median $509,000
Three closings anchoring the more attainable end of the Lehi market. Homes here ranged from 1,800 to 3,000 sq ft with 3–4 bedrooms. The $398,000 closing is one of the lowest-priced sales of the month — a 3-bed, 1,800 sq ft home. All three sold with $8,000 concessions. This is where entry-level and move-up buyers who can't stretch above $575K are finding options in Lehi.
The Exchange — 3 sales | $510,000–$580,000 | Median $571,000
Three closings in The Exchange, all in an unusually tight price range — $510,000 to $580,000 — for 4-bedroom, 2,822 sq ft homes. The consistency here is notable. All three are essentially the same floor plan, which gives you a clean, reliable comp. No concessions on any of the three. If you own in The Exchange, you have one of the clearest pricing environments in all of May's Lehi data.
Broadmoor Park PUD A — 3 sales | $520,000–$680,000 | Median $660,000
Three closings with a wide range driven by home size and finish. A 3-bed, 1,190 sq ft home (the smallest in the dataset) closed at $520,000 — an outlier that likely reflects a unique or dated property. The other two closings — 5-bed homes at 2,770 and 3,820 sq ft — came in at $660,000 and $680,000 respectively. No concessions. The small home at $520,000 pricing at $437/sq ft is a clear anomaly — likely a unique situation rather than a neighborhood benchmark.
Inverness by D.R. Horton — 2 sales | $725,000–$755,000 | Median $740,000
Two very consistent closings in Inverness — both 5-bedroom, ~4,410 sq ft homes with fully finished basements, both landing within $30,000 of each other. At $164–$171/sq ft for a fully finished home of this size, Inverness is delivering strong value at the upper end of the market. No concessions on either sale. D.R. Horton's product here is moving without needing to sweeten the deal.
Banbury Court — 2 sales | $627,000–$700,000 | Median $663,500
Two closings in Banbury Court, both with fully finished basements, both 4–5 bedrooms at 4,870–4,873 sq ft. The first closed at $627,000 in 84 days on market; the second closed at $700,000 in 130 days. The $73,000 difference between two very similar homes is worth noting — it likely reflects updated finishes, condition, or negotiation dynamics. At ~$130–$143/sq ft for this size of finished home, Banbury Court represents some of the best price-per-foot value in the May dataset.
Stage Coach Crossing — 2 sales | $510,000–$986,084 | Median $748,042
Two closings that couldn't be more different. A 4-bed, 2,100 sq ft home sold at $510,000. And then — the headline number of the month — a $986,084 closing for what appears to be a significantly different product type within the same subdivision name. The $986,084 sale is the second-highest closing in all of May's Lehi data, suggesting a luxury spec or custom build. The $476,084 gap between the two makes the "median" meaningless here — these are two completely different products wearing the same subdivision label.
Canyon Point — 2 sales | $510,000 each | Exactly the same
Two sales in Canyon Point, both 4-bedroom homes, both closing at exactly $510,000. One at 2,394 sq ft (DOM: 21 days), one at 2,450 sq ft (DOM: 130 days). Nearly identical product, same price, drastically different time on market. The one that sold in 21 days was presumably better priced, better presented, or both. This is a real-world illustration of why two comparable homes in the same neighborhood can have completely different outcomes.
North Lake — 2 sales | $595,000–$680,000 | Median $637,500
Two closings in North Lake, both 4-bedroom homes with $8,000 concessions. A 3,200 sq ft home sold at $595,000; a 3,396 sq ft home closed at $680,000. The $85,000 difference is explained almost entirely by size and finish — the larger home is 196 sq ft bigger with a notably different price per foot. Both took 130 days on market, suggesting North Lake resale inventory is sitting longer than the overall Lehi median.
Pioneer Meadows — 2 sales | $509,000–$600,000 | Median $554,500
Two closings in Pioneer Meadows spanning a meaningful range. A 3-bed, 2,455 sq ft home sold at $509,000. A 4-bed, 4,729 sq ft home with a 100% finished basement closed at $600,000. The finished basement adds over 2,200 sq ft of livable space and brought a $91,000 premium. This one tells the basement story as clearly as any pair of comps in the dataset.
Other notable May closings
Single-sale neighborhoods with key details:
- Thanks Giving Village: $1,016,000 — the highest sale of the month. 5 bed, 5,219 sq ft, 100% finished basement, 0.19 acres. The only seven-figure closing in May.
- Taylor Meadows: $770,000 — 5 bed, 4,067 sq ft, 100% finished basement, 0.24 acres
- Grandeur: $800,000 — 5 bed, 5,438 sq ft, 100% finished basement, 0.43 acres
- Spring Creek Ranch: $700,000 — 5 bed, 2,106 sq ft on 0.25 acres — extremely high $/sqft, likely a premium lot situation
- Bramberry Court: $650,000 — 4 bed, 3,850 sq ft, 100% finished basement, sold in just 36 days
- Valley Point: $630,000 — 3 bed, 3,733 sq ft, sold in 4 days
- The Gardens at Ivory Ridge: $620,000 — 4 bed, 2,854 sq ft
- Sunset Estates: $649,000 — 4 bed, 1,921 sq ft — high $/sqft reflecting a unique or premium property
- Cranberry Farm: $595,000 — 5 bed, 3,500 sq ft, 100% finished basement
- Scandia: $590,000 — 4 bed, 3,152 sq ft
- Maddison: $594,000 — 4 bed, 5,606 sq ft — exceptional sq footage value at $106/sqft
- Grandeur Estates: $575,000 — 4 bed, 3,209 sq ft
- Talisman Ave: $560,000 — 3 bed, 2,386 sq ft
- Plymouth Rock at Pilgrims Landing: $525,000 — 4 bed, 2,290 sq ft
- Saddlebrook I: $521,000 — 3 bed, 1,190 sq ft — sold in just 3 days
- Hill Creek: $512,000 — 4 bed, 2,291 sq ft
- Pilgrims Landing: $500,000 — 4 bed, 2,504 sq ft
- Cedar Hollow Blvd: $480,000 — 4 bed, 3,622 sq ft — strong value at $132/sqft
- Haws Subdivision: $490,000 — 4 bed, 2,286 sqft
- Ridge: $487,375 — 4 bed, 3,501 sq ft
- New Pilgrims Landing: $385,000 — 3 bed, 1,875 sq ft
- Jordan Willows: $375,000 — 3 bed, 2,600 sq ft, sold in 28 days — lowest sale of the month
Three things the data is telling us
1. Finished basements add $160,000 in median value in Lehi. Homes with 50%+ finished basements had a median sale price of $730,000 vs. $570,000 for those without — a $160,000 gap. That's the largest basement premium we've seen across any Utah County city this month — nearly double Saratoga Springs and more than triple Eagle Mountain. In Lehi's larger, more established homes, buyers are placing extraordinary value on fully finished living space below grade. If you're a seller with an unfinished basement, this is the most important number in the entire report.
2. Only 14% of sellers offered concessions — but the market isn't as simple as that sounds. The low concession rate in Lehi reflects a market with more established, resale-heavy inventory where sellers hold more leverage. But look more closely: the homes that sat the longest were almost universally the ones without finished basements, on larger lots, or in neighborhoods with more competition. The sellers who closed quickly — Valley Point in 4 days, Saddlebrook in 3 days, Canyon Point in 21 days, Ivory Ridge Parkside in 2 days — priced correctly and moved. The 14% concession rate is an average, not a prescription.
3. Lehi's price per square foot story is being told by basements. The city-wide median of $187/sq ft sounds useful until you realize that finished-basement homes are trading at $210–$250/sq ft while large unfinished homes are coming in at $130–$150/sq ft. If you're pricing your home, knowing which category you're in matters more than the city-wide median. If you're buying, this is where opportunity lives: large square footage, unfinished basement, motivated seller.
What is my Lehi home worth right now?
Lehi is arguably the most internally diverse real estate market in Utah County. A home in Jordan Willows and a home in Eagle Summit are both in Lehi — and they might as well be in different cities from a comp standpoint. The subdivisions, the finish levels, the lot sizes, and above all the basement completion status are what determine where your home actually lands in this market.
I pull this data every month directly from the MLS and can tell you exactly what homes like yours are selling for — on your specific street, with your specific floor plan, at your specific level of finish. Request your free personalized home valuation report here — I'll pull the comps that actually match your home and give you a number you can use.