Market Report
Cedar City, UT · 84720
What homes have been selling for in Cedar City ZIP 84720 over the last 12 months. Based on 176 closed sales. Updated August 17, 2026.
What’s happening
Reading the latest sales…
Typical sale price
$452k
Days to sell
74 days
Homes sold (12 mo.)
176
Right now in Cedar City 84720
How homes are moving in this area, based on the latest 12 months of closed sales.
74 days
Homes taking longer
Listings are sitting on the market longer than usual - buyers have time to evaluate.
94.4%
Room to negotiate
Buyers commonly close below original list price after negotiation.
6.4 mo
Plenty of choice
More homes are available than buyers - sellers may need patience, buyers have options.
Recently sold nearby
The 8 most recent closings that look like your home. What similar properties actually sold for is the strongest anchor for what buyers will pay now - and where you should price to move.
Buy vs Rent in 84720
Renting tends to outpace buying over the next 15 years at today's prices and rates.
If you buy
$3,200/mo
If you rent
$932/mo
Assumes 20% down, 7% mortgage, 3.5% appreciation, 4% rent growth, 5% investment return on the alternative. Includes property tax, insurance, maintenance, and 8% selling costs at exit. Talk to an agent for your specific numbers.
Long-term market change
Typical home value (5-year window) with month-over-month change.
+22.5%
since Jun 2021
Biggest jump Jun 2021 (+3.1%) · Biggest drop Nov 2022 (-1%)
Value in Jun 2021
$356k
Peak (Jul 2022)
$442k
Today
$436k
Activity by month
Average homes sold and new listings hitting the market each calendar month, pooled across all years.
Most sales in Mar · Most new listings in Sep
When homes sell fastest
Average days to sell by month, pooled across every year. Lower = faster.
Jun fastest · Feb slowest
Neighborhood Demographics · 84720
24,323
$63,742
$357,400
$932
3.1% gross yield
65%
5,397 own · 2,910 rent
8,984
7.5% vacant
34.7%
Bachelor's or higher
29.6
14.3% poverty rate
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
Other Utah markets
Nearby ZIPs in Cedar City and other high-activity areas.