Zillow average home value
Useful for tracking a broad direction across ZIP 84648. It is not a completed transaction, seller's net, tax value, appraisal, or guaranteed sale price.
Updated 2026 Data · Home Values · Closed Sales · Inventory · Market Time · Buyer and Seller Guidance
Nephi Real Estate Market Report 2026: Prices, Inventory, and What the Data Means
The Nephi market is active but selective. Broad values and closed-sale prices remain higher than one year ago, transaction volume has increased, and some homes still sell above asking. At the same time, more than one-third of listings in Redfin's current dataset show price reductions. This is not a market where every seller wins automatically or every buyer controls the transaction.
The July 2026 market verdict
Nephi is a balanced, property-specific market: good homes can move, but the wrong price or product can still sit.
Zillow's modeled 84648 value rose 3.3% year over year, while Redfin's recent median closed-sale price rose 5.3%. Redfin also reported a 99.5% sale-to-list ratio and 30.6% of homes selling above list.
However, 36% of listings had price drops. The evidence supports a market with real demand and real price resistance—not a universal buyer's market or seller's market.
$456,466Zillow average value
$459,775Redfin median sale price
40 HomesZillow inventory
48 DaysRedfin market time
99.5%Sale-to-list ratio
On this page
The current Nephi housing-market snapshot
Seven useful indicators, each answering a different question.
| Market measure | Current figure | Source and period | What it means |
|---|---|---|---|
| Average home value | $456,466; +3.3% YoY | Zillow, ZIP 84648, June 30, 2026 | A modeled typical-value measure across the ZIP, not a closed-sale median or appraisal |
| Median sale price | $459,775; +5.3% YoY | Redfin, Nephi, three months ending May 2026 | The midpoint of recent closed sales in Redfin's dataset |
| Median list price | $518,283 | Zillow, ZIP 84648, June 30, 2026 | The midpoint of active asking prices; it can reflect a higher-end or acreage-heavy listing mix |
| For-sale inventory | 40 homes | Zillow, ZIP 84648, June 30, 2026 | A broad measure of buyer choice; current MLS inventory will change continuously |
| New listings | 11 | Zillow, ZIP 84648, June 30, 2026 | Recent supply entering the market, not necessarily net inventory growth |
| Market time | 48 days | Redfin, Nephi, three months ending May 2026 | A broad pace indicator; individual listings can move much faster or remain much longer |
| Homes sold | 37 in May | Redfin, Nephi, May 2026 | A transaction-volume snapshot; Redfin reports 17 in the comparable prior-year month |
| Sale-to-list ratio | 99.5% | Redfin current three-month dataset | Average relationship between final sale and last list price—not original list price |
| Sold above list | 30.6% | Redfin current three-month dataset | Some homes still attract enough demand to exceed the listed price |
| Listings with price drops | 36.0% | Redfin current three-month dataset | A meaningful share of sellers adjusted after testing the market |
| Zillow one-year forecast | +0.7% | Zillow, June 30, 2026 | A model-based projection, not a guaranteed outcome for the market or a property |
The list-price gap is not proof that every seller is overpricing.
Active inventory can contain larger homes, acreage, new construction, or higher-priced listings that have not yet closed. Compare the active and sold mix before interpreting the difference between $518,283 asking and mid-$400,000s value or sale measures.
How to read the data without mixing unlike metrics
A useful market report explains what each number is—and what it is not.
Redfin median sale price
Useful for understanding the midpoint of recent closed sales. It can shift when the mix of townhouses, acreage, entry-level, or larger homes changes.
Median list price
Useful for understanding active asking positions. It does not reveal accepted offers, seller concessions, inspection credits, or future closing prices.
Inventory and new listings
Useful for tracking available choice and new competition. A property can enter, go pending, return, expire, sell, or change price between updates.
Days on market
Useful for planning patience and carrying cost. It should be segmented by home type, price, condition, and neighborhood before applying it to one listing.
Sale-to-list and price drops
Useful for seeing both demand and resistance. One number can show strong closings while another shows sellers reducing before reaching the right market position.
Do not combine the current figures into one invented “Nephi median home price.”
Zillow's $456,466 is a modeled average value, Redfin's $459,775 is a recent median closed-sale price, and Zillow's $518,283 is an active median asking price. They answer different questions.
Why small-market statistics can move sharply
A handful of different transactions can change Nephi's monthly headline more than they would change a large metro.
Nephi has a varied but relatively small inventory base. One month may contain more acreage, large custom homes, or newer construction. Another may contain more townhouses or modest established homes. The median can move even when the value of an unchanged individual home has not moved by the same percentage.
| Mix change | Possible effect on the headline | Better analysis |
|---|---|---|
| More acreage or large homes close | Median sale price can rise even without equal appreciation across ordinary homes | Separate acreage, lot size, square footage, condition, and location |
| More townhouses or entry-level homes close | Median can decline even when like-for-like values remain stable | Compare the same property type and size range |
| New construction enters inventory | List price can rise because new homes may carry size or condition premiums | Separate new from resale and account for incentives or concessions |
| One large project closes multiple units | Volume and price mix can be influenced by one community | Review project-level and non-project transactions separately |
| Few closings occur | One unusual transaction has more statistical influence | Use rolling periods and several sources rather than one month alone |
Year-over-year growth does not mean every owner gained 5.3%.
Redfin's figure compares the median of two different groups of sales. A property-specific change requires relevant comparable sales, condition adjustment, and professional analysis.
Demand, competition, and negotiation power
The current indicators show both buyer activity and seller accountability.
Closings and above-list sales
Redfin reported 37 homes sold in May, compared with 17 one year earlier, and 30.6% of homes selling above list in the current dataset. Certain properties still generate strong interest.
37 May sales 30.6% above listPrice drops and market time
Redfin reported price drops on 36% of listings and 48 days on market. Buyers are not accepting every initial price, and sellers may need to adjust when condition, presentation, or value is weak.
36% price drops 48 daysProperties most likely to outperform the broad average
- Homes priced from current comparable sales rather than an aspirational neighbor listing
- Move-in-ready homes with visible maintenance completed
- Properties with useful garages, storage, yards, bedrooms, and functional layouts
- Listings with clear finished-square-footage and lot information
- Homes supported by professional photographs, accurate descriptions, and easy showing access
- Properties whose financing, HOA, insurance, permits, title, or condition do not create avoidable uncertainty
Properties more likely to require reductions or time
- Listings priced from the highest active competition rather than actual closed sales
- Homes with deferred maintenance, odors, clutter, poor photographs, or incomplete information
- Properties with confusing finished versus unfinished square footage
- Homes whose price ignores a major commute, repair, HOA, insurance, or functional drawback
- Listings that miss early buyer feedback and wait too long to reposition
What the market means for Nephi buyers
Buyers have time to compare, but strong properties can still attract competition.
Get property-specific financing
A generic preapproval does not include exact taxes, insurance, HOA, mortgage insurance, condition, concessions, or appraisal treatment.
Separate active and sold evidence
High asking prices do not establish value. Use relevant closed sales and make adjustments for type, age, size, lot, condition, garage, and location.
Protect due diligence
Inspect structure, systems, drainage, title, permits, HOA, insurance, boundaries, utilities, and the exact condition before the deadlines expire.
Respond to competition selectively
A strong property may justify a fast decision. Do not waive important protection simply because 30.6% of current sales exceeded list.
Use price drops carefully
A reduction may create value—or reveal that the original position was unrealistic. Reanalyze the current price and property rather than focusing on the size of the drop.
Compare complete ownership cost
Include loan, taxes, insurance, HOA, utilities, immediate work, maintenance, reserves, commute, and future selling exposure.
Market time is not permission to delay on every home.
Forty-eight days is a broad result. A correctly priced, desirable home can move much faster, while an overpriced or specialized home may remain far longer.
Use the Complete Nephi Buyer Guide for neighborhoods, housing types, schools, commute, due diligence, and the purchasing process. Use the Priority Homes Buyer Roadmap for the published Loveless Estates purchase path.
What the market means for Nephi sellers
Demand exists, but the market is measuring value more carefully than a frenzy market would.
| Seller decision | Better practice | Common mistake |
|---|---|---|
| Pricing | Use recent relevant closed, pending, active, expired, and withdrawn evidence with property adjustments | Choosing the highest active list price as proof of value |
| Preparation | Address safety, water, odor, cleanliness, light, landscaping, clutter, and obvious deferred maintenance | Assuming buyers will ignore visible work because inventory is limited |
| Square footage | Label finished, unfinished, basement, garage, lot, and measurement source clearly | Comparing total square footage with another home's finished area |
| Photography and copy | Show the actual property accurately and explain utility, condition, improvements, and location | Using outdated, misleading, dark, or incomplete media |
| Showing access | Create reasonable access while protecting occupants and property | Making serious buyers wait too long or providing unclear instructions |
| Feedback | Track repeated objections to price, condition, layout, smell, maintenance, access, or financing | Dismissing consistent market feedback as buyer error |
| Price changes | Reposition early enough to reach active buyers when the evidence supports it | Making small repeated reductions that fail to change the buyer search range |
| Offer analysis | Compare net, financing, appraisal, contingencies, timing, concessions, repairs, and certainty | Selecting only the highest headline price |
The 99.5% sale-to-list ratio uses the final list price.
A home can reduce before going under contract and then close near its revised asking price. Sellers should evaluate original price, reductions, concessions, repairs, and final net—not only the final ratio.
Price the property—not the citywide headline
Kerry can review the exact home, condition, finished area, lot, garage, HOA, location, improvements, competing inventory, and recent comparable sales before recommending a launch or adjustment strategy.
Call Kerry: (435) 660-0264 Meet the Local TeamNephi is not one market: segment by property type
Townhouses, detached homes, acreage, apartments, new construction, and investment properties solve different problems.
Space and lower-maintenance structure
Compare finished space, basement potential, garage, yard, HOA responsibilities, sound, stairs, parking, incentives, and current competing units.
See Nephi townhouses →Lot control and wider condition range
Compare age, effective condition, roof, HVAC, foundation, drainage, sewer, updates, basement, outbuildings, lot, water, and any HOA.
Compare housing types →More than a house comparison
Access, boundaries, water rights, wells, septic, irrigation, zoning, animals, outbuildings, soils, utilities, fire access, and financing can dominate value.
Rental availability and household fit
Current Priority Homes published rent ranges from $1,300 to $2,200 across Ray's and Loveless, subject to actual vacancy and lease terms.
Compare local apartments →Income stream before appreciation story
Underwrite actual rent, vacancy, HOA, taxes, insurance, repairs, reserves, management, financing, legal use, and exit costs.
Open the investor guide →Land and construction feasibility
Lot, utilities, soils, grading, plans, permits, financing, site work, allowances, changes, schedule, and exterior completion determine total cost.
Explore custom homes →
Do not apply the $459,775 all-home median directly to one segment.
A new townhouse, older detached home, acreage property, custom build, and income property require different comparable sales and risk adjustments.
New construction and Loveless Estates
A current product example can help buyers compare utility, but one listing is not the market.
The current featured Loveless Estates home at 233 W 815 N #53 was shown at $389,900 on July 17, 2026. It reports three bedrooms and 2,579 total square feet, with finished and unfinished categories that must be verified. The listing is below the broad Zillow value and Redfin sale-price figures, but that alone does not prove a discount.
| Loveless comparison factor | Current example | Required market adjustment |
|---|---|---|
| Price | $389,900 current featured listing | Compare with relevant townhouse sales, concessions, incentives, HOA, and current competing units |
| Total square footage | 2,579 reported | Separate finished and unfinished space before calculating value per square foot |
| Condition | New construction, built 2026 | Account for warranty, punch list, landscaping, completion, and new-construction premium |
| Garage and yard | Attached garage and fenced-yard description | Compare exact dimensions, ownership, HOA rules, maintenance, and competing property utility |
| HOA | Portal-listed $90/month; verify | Review dues, coverage, budget, reserves, insurance, maintenance, rentals, and assessments |
| Property type | Attached townhouse in a 75-unit community | Do not compare directly with detached homes or acreage without adjustment |
Use the community guide for the property and this report for the market.
The Loveless Estates Community Guide covers the current unit, floor plan, finishes, HOA, yard, garage, process, and verification. This report provides the broader market context.
What the market means for investors
Market appreciation can support a strategy, but it cannot replace property-level cash-flow analysis.
| Investor input | What the market report contributes | What still requires property evidence |
|---|---|---|
| Acquisition | Broad value, sale-price, inventory, and negotiation context | Contract price, closing costs, repairs, financing, concessions, and complete basis |
| Rent | Local housing demand and available rental product context | Executed leases and adjusted rent comps for the same bedrooms, garage, yard, size, condition, and location |
| Vacancy | General market activity | Property type, tenant pool, pricing, season, management, turnover, and current competing rentals |
| Expenses | No direct answer | Taxes, insurance, HOA, utilities, maintenance, capital reserves, management, leasing, legal, and accounting |
| Financing | Marketability context | Rate, term, points, DSCR, reserves, occupancy, appraisal, HOA, title, and lender conditions |
| Appreciation | Recent broad measures were positive | Downside, flat, and upside scenarios; no future gain should be guaranteed |
| Exit | Current transaction pace and negotiation context | Likely buyer, selling costs, condition, loan balance, tax, timing, and future competition |
A 5.3% median-sale-price increase is not a projected investment return.
It excludes financing, transaction costs, operating expenses, taxes, repairs, vacancy, management, property differences, and future market movement.
The Priority Homes Investment Properties guide provides the full acquisition, NOI, cap-rate, cash-flow, cash-on-cash, DSCR, HOA, management, financing, and exit framework.
Relocation, Utah County comparison, and commute reality
Price and square footage must be weighed against time, services, routine, and preferred community scale.
Nephi can appeal to buyers seeking a smaller-community setting, newer or larger housing options, easier local parking, and access to central Utah recreation. A household tied to Utah County every weekday should measure the actual commute rather than relying on a broad mileage or drive-time claim.
Drive the real schedule
Test departure and return times, destination, construction, winter conditions, fuel, vehicle wear, and whether remote or hybrid work changes the calculation.
Map normal errands
Check groceries, healthcare, schools, childcare, worship, recreation, restaurants, deliveries, internet, and services the household uses repeatedly.
Compare the whole package
Finished space, garage, yard, lot, condition, HOA, storage, repairs, payment, and ownership period can matter more than the citywide midpoint.
Use the Living in Nephi Guide for a full relocation evaluation and the Nephi Schools Guide for current school-research questions.
A six-step process for using the market report
Move from broad context to a property-specific decision without overrelying on one statistic.
Step 1
Define the property segment
Townhouse, detached, acreage, new construction, custom home, rental, or investment property.
Step 2
Set the evidence period
Use current active, pending, and sold data while retaining dates and enough history to avoid a one-month distortion.
Step 3
Build the comparable set
Match location, type, finished area, age, lot, garage, condition, basement, HOA, and transaction date.
Step 4
Inspect the property
Identify repairs, upgrades, function, title, permits, insurance, HOA, financing, and issues broad data cannot reveal.
Step 5
Calculate complete economics
Include price, loan, taxes, insurance, HOA, utilities, immediate work, reserves, commute, transaction cost, and timeline.
Step 6
Update before acting
Refresh listings, comparable sales, lender terms, insurance, HOA, and property status immediately before the decision.
Turn the market report into a property decision
Bring the address, housing goal, price range, move date, financing status, property type, and questions. Kerry can connect the broad market evidence to current Nephi listings and relevant comparable sales.
Call Kerry: (435) 660-0264 Request Local GuidanceNephi real estate market FAQ
Current answers with source, period, definition, and caution retained.
What is the average home value in Nephi in 2026?
Zillow reported $456,466 for ZIP code 84648 through June 30, 2026, up 3.3% over one year. It is a modeled value index—not a specific home's appraisal or a closed-sale median.
What is the median sale price?
Redfin reported $459,775 over the three months ending May 2026, up 5.3% year over year. The sold-property mix can influence the median in a smaller market.
How many homes are for sale?
Zillow reported 40 homes in ZIP 84648 inventory on June 30, 2026 and 11 new listings in its current period. Inventory changes continuously.
How long are homes taking to sell?
Redfin reported 48 days on market for the three months ending May 2026. A home's price, type, condition, location, presentation, financing, and seller response can create a very different result.
Is Nephi a buyer's market or seller's market?
The evidence is mixed. Values, sale prices, and volume were positive year over year, but 36% of listings had price drops. Strong homes can attract competition; weakly positioned listings can require time and adjustment.
Are prices going up or down?
The latest broad year-over-year measures were positive: +3.3% for Zillow's average 84648 value and +5.3% for Redfin's Nephi median sale price. Individual properties and future periods can move differently.
Why is the median asking price $518,283?
Active listings may include larger, newer, acreage, or higher-end homes. Asking prices are not completed sale prices. Review the active mix before treating the number as a target for a specific home.
Is Loveless Estates below the market?
The current $389,900 featured listing is below broad mid-$400,000s market measures, but property type, finished space, unfinished basement, HOA, concessions, lot, condition, and comparable townhouse sales must be considered before describing it as a discount.
Is Nephi a good investment market?
It may fit some strategies, but the property must work under conservative rent, vacancy, expense, financing, management, reserve, and exit assumptions. Recent appreciation does not guarantee future return.
Who can help with current inventory or pricing?
Call Kerry Anderson at (435) 660-0264 for property-specific Nephi comparable sales, inventory, tours, buyer guidance, or seller strategy. Call Priority Homes at (435) 623-0897 for builder questions.
Sources, methodology, image use, and update policy
- Zillow 84648: $456,466 average home value, +3.3% one-year change, 40 for-sale inventory, 11 new listings, $518,283 median list price, and +0.7% one-year forecast through June 30, 2026. Source: Zillow 84648 Housing Market.
- Redfin Nephi: $459,775 median sale price, +5.3% year over year, 48 days on market, 37 May sales, 99.5% sale-to-list, 30.6% above list, and 36.0% with price drops. Source: Redfin Nephi Housing Market.
- Geography: Zillow reports ZIP code 84648; Redfin reports its Nephi city dataset. Their coverage and calculations differ.
- Periods: Zillow is dated June 30, 2026. Redfin's price and pace figures use the three months ending May 2026, with homes sold reported for May.
- Loveless Estates: the current Priority Homes guide provides the July 17, 2026 featured listing at $389,900, three bedrooms, 2,579 total square feet, and property-specific verification requirements.
- Images: the aerial and garage images were already used on the existing market-report page. The aerial shows the Loveless Estates area rather than the entire market. The garage illustrates property utility rather than market value.
- Public portals can revise methodology and historical figures. MLS, title, appraisal, lender, insurance, inspection, HOA, and property documents should be used for a transaction.
- This report is educational and is not an appraisal, comparative market analysis, inspection, engineering opinion, title opinion, legal advice, tax advice, investment recommendation, loan approval, or guarantee of price, timing, appreciation, or sale.
- Update schedule: refresh the headline data at least monthly and immediately revise the report when Zillow or Redfin publishes a materially newer period.
Local Nephi market guidance
Current inventory · Comparable sales · Tours · Buyer and seller strategy
Kerry Anderson — Equity Real Estate: property-specific Nephi pricing, inventory, comparison tours, buyer representation, seller preparation, offers, and contracts. (435) 660-0264.
Priority Homes Office: Loveless Estates, construction, community information, and builder questions. (435) 623-0897.
Priority Homes is located at 1451 South Main Street, Nephi, Utah 84648. Published office hours are Monday through Friday, 8 AM to 5 PM.
Use the market data—then analyze the exact property
The broad report establishes context. The decision still requires current inventory, relevant comparable sales, complete ownership costs, inspection, title, insurance, financing, HOA review, and the household's actual timeline.
Call Kerry: (435) 660-0264 Request a Nephi Consultation