Is Cedar City, UT 84720 a buyer’s or seller’s market?

The Cedar City housing market right now

In the three months ending August 31, 2026, 0% of homes in Cedar City, UT 84720 sold above their list price, the typical home went under contract in 62 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 129 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (1% then), homes sold more slowly (43 days then) and the median sale price rose 2% to $484,690. Overall, Cedar City is less competitive than a year ago, which gives buyers more room.

Within Iron County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Cedar City ranks #97 of 110 UT ZIP codes with enough sales (score 21 out of 100).