Market Intelligence Report — UT-860

Vernal, UT

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-UT-08
As of the latest 2026 data
Cooling

Median Listing

$415K
-7.2% YoY

Pending Ratio

0.31
-9.3% YoY

Active Inventory

137
+24.6% YoY

Median DOM

76 Days
-6.2% YoY

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The Vernal housing market is exhibiting cooling conditions, characterized by a pending ratio of 0.31, indicating that demand absorption is moderate relative to available inventory. Active listings have expanded significantly by 24.6% year-over-year, contributing to the shift in market dynamics.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Vernal market right now.

Total active listings have increased substantially over the past year, while new listings have seen an 11.1% decline. The median listing price has experienced a year-over-year decrease of 7.2%, with a slight month-over-month contraction of 0.9%. The pending ratio has declined by 9.3% over the past year, reflecting reduced demand relative to supply. Despite these trends, the median price per square foot has registered a modest 3.0% increase over the past year.

Historical Analysis

Market Trends

Median Price

$415K-0.9% MoM

Active Inventory

137+24.6% YoY

Days on Market

76-6.2% YoY

Sold Score™

32-9.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

32
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.31 and a substantial year-over-year increase in active listings, buyers are encountering a slower pace of transactions and an expanding selection of available properties. This suggests an environment where price discipline may be more prevalent for sellers, requiring alignment with prevailing market absorption rates. Negotiating leverage is shifting towards less urgent purchasing decisions.

Luxury Segment

The average listing price has declined by 10.5% year-over-year, a steeper contraction than the median listing price, and the average price maintains a notable spread above the median. This suggests some softness may be concentrated in higher-priced segments, despite a slight positive year-over-year change in median price per square foot.

Supply Dynamics

137 active listings represent the current floor, with new supply arriving at roughly 32 per month.

Pricing Pressure
18.4%

of active listings carry a price reduction, -2.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.0% year-over-year.

Absorption
0.31

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Vernal, UT? Homes here are taking 5 days less to sell than last year.

Buyers have leverage in Vernal, UT. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
31%
Median Days on Market
76 days
Inventory YoY
+25%

In a buyer's market, strategy beats timing. See how your home scores in Vernal, UT and what moves the number.

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Metro Demographics

Metro Area
Vernal, UT
CBSA Code
46860
State
UT

ZIPs in Vernal, UT

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Vernal?+

    As of the latest 2026 data, the Vernal metro is classified as Cooling. Pending ratio is 0.31 with median days on market at 76.

  • Are home prices dropping in Vernal?+

    Median listing price is $415K, -7.2% year over year. 18.4% of active listings carry a price reduction.

  • How fast are homes selling in Vernal?+

    The typical listing sits 76 days on market, a -6.2% change YoY. New listings are arriving at 32 per month.

  • What's happening in the Vernal luxury market?+

    The average listing price has declined by 10.5% year-over-year, a steeper contraction than the median listing price, and the average price maintains a notable spread above the median. This suggests some softness may be concentrated in higher-priced segments, despite a slight positive year-over-year change in median price per square foot.

  • Where can I find a trusted Vernal real estate expert?+

    Primpted maintains a vetted registry of Vernal agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 46860 · 36mo history