Is Parowan, UT 84761 a buyer’s or seller’s market?

The Parowan housing market right now

In the three months ending August 31, 2026, 0% of homes in Parowan, UT 84761 sold above their list price, the typical home went under contract in 61 days and there were 5.4 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 16 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (31 days then) and the median sale price rose 25% to $386,833. Overall, Parowan is less competitive than a year ago, which gives buyers more room.

Within Iron County, homes here sell faster than in 83% 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, Parowan ranks #108 of 110 UT ZIP codes with enough sales (score 9 out of 100).