Is Cedar City, UT 84721 a buyer’s or seller’s market?
Cedar City is a balanced market. With about 4.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 17% of U.S. ZIP codes, and #93 of 110 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cedar City housing market right now
In the three months ending August 31, 2026, 0% of homes in Cedar City, UT 84721 sold above their list price, the typical home went under contract in 70 days and there were 4.7 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 170 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (1% then), homes sold about as fast and the median sale price fell 3% to $379,736. Overall, Cedar City is about as competitive as it was a year ago.
Within Iron County, homes here sell faster than in 50% 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 #93 of 110 UT ZIP codes with enough sales (score 23 out of 100).
Run the numbers for 84721
Nearby markets
Beryl 84714Buyer’s market $107 /sq ftBrian Head 84719Buyer’s market $348 /sq ftCedar City 84720Balanced $209 /sq ftNewcastle 84756Buyer’s market $154 /sq ft Browse all markets →Towns like Cedar City nearby
Find towns like Cedar City in other states →Where Cedar City is
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Questions about Cedar City real estate
Is Cedar City a buyer’s or seller’s market?
A balanced market: there were 4.7 months of supply in Cedar City, UT 84721 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cedar City?
The typical home went under contract in 70 days in the latest three months.
Do homes in Cedar City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Cedar City?
About 0.41% of a home’s value a year in Iron County, or roughly $1,640 on a $400,000 home.
What is the median home price in Cedar City?
The median sale price was $379,736 in the three months ending August 31, 2026, about $223 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology