More sales, higher prices
+79%More homes sold in June than a year earlier, and the median sale price rose 6.9%.
- Homes sold, June 36 (was 20)
- Sold above list 22.9%
- Sale-to-list 99.3%
Nephi housing market · October 2026 update
Nephi real estate market report: prices up, homes slower to sell
Nephi’s median sale price reached $469,744 in the three months to June 2026, up 6.9% from a year earlier, and sales nearly doubled. But homes now take a median of 82 days to sell, about 4 in 10 listings have cut their price, and mortgage rates are near 7.4%. Here’s what that means if you’re buying, selling or investing.
Median sale price$469,744▲ 6.9% year over year
Median days on market82 daysUp from 53 a year ago
Homes sold in June36▲ from 20 a year earlier
Listings with a price cut39.6%Down 4.7 points from a year ago
30-year mortgage rate7.40%U.S. average, Oct 15, 2026
Sources: Redfin Nephi housing market (three months ending June 2026; homes sold for June). Freddie Mac Primary Mortgage Market Survey, October 15, 2026.
The short version
A balanced market that rewards the right price
Nephi isn’t a seller’s market or a buyer’s market. Demand is real: more homes are selling, at higher prices. So is resistance: homes sit longer and many sellers cut. Well-priced, move-in-ready homes still sell near asking; overpriced ones sit.
Longer waits, more price cuts
82 daysThe median home takes about a month longer to sell than last year, and many sellers adjust before they find a buyer.
- Listings with price cuts 39.6%
- Typical home sells ~1% under list
- Price per sq ft $163 (▼ 7.1%)
Somewhat competitive
48 / 100
LessSomewhatVery
Average homes go pending in about 53 days. The most in-demand homes go pending in about 19 days at roughly 1% over list.
Redfin Compete Score, last six months.
Market snapshot
Back to the Nephi hub
Every number, with its source and date
Redfin reports what homes in Nephi actually sold for. Zillow models a typical value across ZIP 84648 and tracks listings. They measure different things, so this report keeps them apart.
| Measure | Nephi now | Source and period | What it tells you |
|---|---|---|---|
| Median sale price | $469,744 · ▲ 6.9% | Redfin, 3 months to June 2026 | The midpoint of homes that actually closed. |
| Price per square foot | $163 · ▼ 7.1% | Redfin, 3 months to June 2026 | Buyers got more house per dollar than last year, partly because larger homes sold. |
| Homes sold | 36 in June | Redfin, June 2026 | Up from 20 a year earlier: buyers are active. |
| Median days on market | 82 | Redfin, 3 months to June 2026 | Up from 53. More choice and time for buyers. |
| Sale-to-list price | 99.3% | Redfin, June 2026 | Measured against the final list price, after any cuts. |
| Sold above list | 22.9% · ▲ 2.9 pts | Redfin, current | Roughly one home in five still draws a bidding premium. |
| Listings with price cuts | 39.6% · ▼ 4.7 pts | Redfin, current | Fewer cuts than a year ago, but still about 4 in 10 listings. |
| Typical home value | $448,533 · ▲ 3.0% | Zillow, ZIP 84648, Sept 30, 2026 | A modeled estimate across the ZIP, not a sale price or appraisal. |
| Median list price | $532,817 | Zillow, ZIP 84648, Sept 30, 2026 | Asking prices. Higher because active listings include larger homes, acreage and new builds. |
| Homes for sale | 43 · 9 new | Zillow, ZIP 84648, Sept 30, 2026 | A small market: a few listings change the picture. |
| One-year forecast | +1.3% | Zillow, Sept 30, 2026 | A model projection, not a promise. |
Don’t merge these into one “Nephi home price.” $469,744 is what homes sold for (Redfin), $448,533 is Zillow’s modeled typical value, and $532,817 is what sellers are asking. Each answers a different question.
Sources: Redfin Nephi housing market (data through June 2026, viewed October 2026); Zillow 84648 housing market (through September 30, 2026). Redfin covers the city of Nephi; Zillow covers the whole 84648 ZIP.
One year of change
What changed since last year
Prices and sales rose while homes took longer to sell. That pattern usually means more buyers are paying up for the right home while passing on the rest. Price per square foot fell even as the median rose, which suggests the homes that sold this year were larger on average.
Zillow’s typical ZIP value has eased since summer (it reported $456,466 for June 30), while staying 3.0% above a year ago. Zillow revises past figures, so treat month-to-month moves with care.
MeasureYear agoNowChange
Median sale price$439,400$469,744▲ 6.9%
Homes sold (June)2036▲ 79%
Median days on market5382Slower
Price per sq ft$175$163▼ 7.1%
Sold above list20.0%22.9%+2.9 pts
Listings with price cuts44.3%39.6%−4.7 pts
Year-ago values are calculated from Redfin’s reported current figures and year-over-year changes, and rounded.
Interactive · Nephi price check
How does a price compare with the market?
Enter a list price and finished square footage. See how it compares with Nephi’s median, what the monthly payment looks like at today’s rate, and what the current market suggests for buyers or sellers.
Price per sq ft——
Est. monthly payment——
Buyer read
—
Estimate only, not an appraisal or loan offer. Payment includes principal and interest, property tax of about 0.55% a year, $110 a month for insurance, and PMI of about 0.5% a year under 20% down; no HOA. Nephi benchmarks: Redfin median sale price $469,744, $163 per sq ft, 82 median days on market and 99.3% sale-to-list (through June 2026). Price per square foot varies widely with age, lot and finish, so compare against recent sales of similar homes.
What it means for buyers
Buyer Roadmap
You have time to compare, and room to negotiate on some homes
With a median of 82 days on market and about 4 in 10 listings cutting their price, buyers can be selective. The best homes still sell fast, so be ready when the right one appears.
Get a property-specific quote
At 7.4%, a 10%-down loan on the $469,744 median runs about $2,930 a month in principal and interest alone. Get a quote that includes taxes, insurance and any HOA.
Compare sold homes, not asking prices
Asking prices run well above sale prices. Use recent sales of similar homes, adjusted for size, age, lot, garage and condition.
Watch days on market
A home well past 82 days may have room to negotiate. A home that just listed and is priced right may not.
Keep your due diligence
Inspection, appraisal, title, HOA documents and insurance. Don’t waive them just because one home in five sells over list.
Read a cut carefully
A reduction can mean value, or that the first price was unrealistic. Judge the new price on its own.
Compare total monthly cost
Loan, taxes, insurance, HOA, utilities, repairs, reserves and commute, not just the purchase price.
What it means for sellers
Price from sold homes, launch ready, adjust early
Buyers are active but careful. A new listing gets its most attention when it first goes live, so the launch price matters.
| Decision | Works in this market | Common mistake |
|---|---|---|
| Pricing | Recent closed, pending and expired sales, adjusted for your home | Using the highest active listing as proof of value |
| Preparation | Fix safety, water, odor, light, landscaping and visible deferred maintenance | Assuming buyers will overlook visible work |
| Square footage | Label finished, unfinished, basement, garage and lot clearly | Comparing total square feet with another home’s finished area |
| Photos and description | Accurate, bright photos and clear details on condition and updates | Dark, outdated or incomplete media |
| Feedback | Track repeated objections to price, condition or layout | Dismissing consistent feedback as buyer error |
| Price changes | Reposition early enough to reach a new search range | Small repeated cuts that don’t change who sees the home |
| Offers | Compare net proceeds, financing, appraisal, contingencies and timing | Choosing only the highest headline price |
The 99.3% sale-to-list ratio is measured against the final list price. A home can cut its price and then sell close to the new price. Judge success by your net after cuts, concessions and repairs.
Pricing a Nephi home?
Get a property-specific price
Kerry reviews your home, its condition, finished area, lot and garage against current competition and recent sales.
(435) 660-0264Kerry Anderson, Equity Real Estate · Meet the team
Nephi isn’t one market
Each home type has its own numbers
The all-home median doesn’t describe a new townhome, an older house, acreage or a rental. Compare each against sales of the same kind of property.
Space with less upkeep
Compare finished space, basement potential, garage, yard, HOA coverage and competing units.
See Nephi townhousesLot control, wider condition range
Check age, roof, HVAC, foundation, drainage, sewer, updates, basement and outbuildings.
Homes for saleMore than a house
Access, water rights, wells, septic, irrigation, zoning and outbuildings can drive value more than the home itself.
Ask a local agentNewer homes, new-build premium
Newer subdivision homes run about $425K–$679K. Compare warranties, incentives and completion items.
New construction$1,300 to $2,200 a month
Published Priority Homes rents across Ray’s and Loveless Apartments, 2 to 4 bedrooms.
Compare apartmentsLand and feasibility first
Lot, utilities, soils, grading, permits, site work and allowances set the true cost.
Custom homes
Market context for one listing
Is Loveless Estates below the market?
The featured home, 233 W 815 N #53, is listed at $389,900 (reduced July 17, 2026): 3 bedrooms and 2,579 total square feet. That’s below the $469,744 all-home median, but a townhome should be compared with townhome sales, not the whole market.
| Price per sq ft | About $151 on total area, vs. $163 Nephi median. Separate finished and unfinished space before comparing. |
|---|---|
| Condition | New construction (2026). Account for the warranty and any completion items. |
| HOA | $90/month shown on Zillow. Review coverage, reserves and rental rules. |
| Type | Attached townhome. Don’t compare directly with detached homes or acreage. |
What it means for investors
Appreciation helps. Cash flow has to work on its own.
A 6.9% rise in the median sale price isn’t a return. It ignores financing, closing costs, repairs, vacancy, management and the difference between properties. At 7.4% rates, check cash flow before counting on appreciation.
| Input | What this report tells you | What you still need |
|---|---|---|
| Purchase | Price levels, pace and negotiation room | Contract price, closing costs, repairs and financing |
| Rent | Local demand and published rent ranges | Signed leases for the same bedrooms, size and condition (rent data) |
| Expenses | Not covered | Taxes, insurance, HOA, utilities, maintenance, reserves and management |
| Financing | Rate context: 7.40% average (Oct 15, 2026) | Your rate, points, DSCR, reserves and lender conditions |
| Exit | 82-day median market time | Likely buyer, selling costs, condition and future competition |
Investment properties guide: NOI, cap rate, cash-on-cash and DSCR
Nephi vs. nearby cities
Days on market comparison
Less competition than Payson or Santaquin
Redfin rates Nephi less competitive than its Utah County neighbors to the north. Weigh that, and the lower prices, against the commute: about 35 minutes to Provo.
Compete Score out of 100. Average home sells about 1% under list, pending in about 53 days.
Compete Score. Average home sells about 1% under list, pending in about 50 days.
Compete Score. Average home sells at about list price, pending in about 63 days.
Redfin Compete Score (Nephi: last six months; Santaquin and Payson: last three months), viewed October 2026. Higher scores mean more competition.
Daily travel
Drive the real schedule
Test departure and return times, winter conditions and fuel, and whether hybrid work changes the math.
Errands
Map your routine
Groceries, healthcare, schools, childcare, recreation and internet. Living in Nephi guide
Outlook
Slow, modest growth expected
Zillow’s model projects Nephi-area values up about 1.3% over the next year (as of September 30, 2026). With mortgage rates near 7.4%, expect buyers to stay price-sensitive and well-priced homes to keep selling while others wait.
Forecasts are models, not promises. Watch these each month:
- Days on market: a move back toward last year’s 53 days would point to a firmer market.
- Share of listings with price cuts.
- Mortgage rates, which drive what buyers can pay.
- New listings vs. homes sold, a quick read on supply.
Using this report
From market data to a decision
Pick the segment
Townhome, house, acreage, new build or rental.
Build comparables
Same area, type, size, age, lot and condition.
Inspect the property
What the data can’t show: repairs, title, HOA, insurance.
Update before acting
Refresh listings, sales and your loan quote.
Nephi market FAQ
Common questions, answered
What is the median home price in Nephi, Utah?
Nephi homes sold for a median of $469,744 over the three months ending June 2026, up 6.9% from a year earlier (Redfin). Zillow’s modeled typical value for ZIP 84648 was $448,533 on September 30, 2026.
Are Nephi home prices going up or down?
Up over the year: the Redfin median sale price rose 6.9% and Zillow’s typical value rose 3.0%. Zillow’s value has eased slightly since summer, and its model projects about 1.3% growth over the next year.
How long are homes in Nephi taking to sell?
A median of 82 days through June 2026, up from 53 a year earlier. The most in-demand homes go pending in about 19 days.
Is Nephi a buyer’s or seller’s market?
Balanced. Sales and prices are up and 22.9% of homes sell above list, but 39.6% of listings have cut their price and Redfin rates the market “somewhat competitive” (48 out of 100).
How many homes are for sale in Nephi?
Zillow counted 43 homes for sale in ZIP 84648 on September 30, 2026, with 9 new listings. Inventory changes daily; ask Kerry for today’s count.
Why is the median asking price higher than the sale price?
Zillow’s median list price was $532,817 because active listings include larger homes, acreage and new construction that haven’t sold yet. Asking prices aren’t sale prices.
Is Loveless Estates priced below the market?
The featured home at $389,900 is below the all-home median, but a townhome should be compared with townhome sales, accounting for finished space, HOA, condition and incentives.
Is Nephi a good place to invest?
It can fit some strategies, but a property has to work on conservative rent, vacancy, expenses and today’s financing. Past appreciation doesn’t guarantee future returns.
Who can help with current listings or pricing?
Call Kerry Anderson, Equity Real Estate, at (435) 660-0264 for listings, comparable sales, tours and pricing. Call the Priority Homes office at (435) 623-0897 for builder questions.
Sources and method
- Redfin, Nephi housing market: median sale price, price per sq ft and days on market (three months ending June 2026); homes sold and sale-to-list (June 2026); share sold above list and with price drops; Compete Scores for Nephi, Santaquin and Payson. Viewed October 2026.
- Zillow, ZIP 84648: typical home value, one-year change, forecast, inventory, new listings and median list price, through September 30, 2026. The June 30 value ($456,466) is as previously reported; Zillow revises history.
- Freddie Mac Primary Mortgage Market Survey: 7.40% 30-year fixed average, October 15, 2026.
- Year-ago values are back-calculated from Redfin’s current figures and year-over-year changes, and rounded.
- Loveless Estates details from the Priority Homes community guide (featured listing July 17, 2026).
- This report is educational. It is not an appraisal, market analysis for a specific home, or investment advice.
Talk to a local
Turn the market data into a decision
Bring the address, your price range, move date and questions. Kerry can connect these numbers to current Nephi listings and recent sales.
Updated October 2026. Market data: Redfin (through June 2026), Zillow (through September 30, 2026), Freddie Mac (October 15, 2026). Priority Homes, 1451 South Main Street, Nephi, Utah 84648.
Nephi real estate & market data
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.
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
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.
Modeled value
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.
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.
Evidence of demand
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 list
Price 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
Properties 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.
Talk to a local expert
Have a question about this? We are right here in Nephi.
Nephi is not one market: segment by property type
Townhouses, detached homes, acreage, apartments, new construction, and investment properties solve different problems.
Townhouses
Space and lower-maintenance structure
Compare finished space, basement potential, garage, yard, HOA responsibilities, sound, stairs, parking, incentives, and current competing units.
Lot control and wider condition range
Compare age, effective condition, roof, HVAC, foundation, drainage, sewer, updates, basement, outbuildings, lot, water, and any HOA.
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.
Income stream before appreciation story
Underwrite actual rent, vacancy, HOA, taxes, insurance, repairs, reserves, management, financing, legal use, and exit costs.
Land and construction feasibility
Lot, utilities, soils, grading, plans, permits, financing, site work, allowances, changes, schedule, and exterior completion determine total cost.
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.
Daily travel
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.
Set the evidence period
Use current active, pending, and sold data while retaining dates and enough history to avoid a one-month distortion.
Build the comparable set
Match location, type, finished area, age, lot, garage, condition, basement, HOA, and transaction date.
Inspect the property
Identify repairs, upgrades, function, title, permits, insurance, HOA, financing, and issues broad data cannot reveal.
Calculate complete economics
Include price, loan, taxes, insurance, HOA, utilities, immediate work, reserves, commute, transaction cost, and timeline.
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.
Nephi 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.
Continue your Nephi market research
- Nephi Real Estate Hub
- Nephi Five-Year Price Trend
- Nephi Real Estate Forecast 2026
- Days on Market Comparison
- Complete Nephi Buyer Guide
- Townhouses for Sale in Nephi
- Loveless Estates Community Guide
- Priority Homes Buyer Roadmap
- Priority Homes Apartments
- Investment Properties
- Living in Nephi Guide
- Nephi Schools Guide
- Meet the Priority Homes Team
- Contact Priority Homes
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.
Keep exploring
Where to go next
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Priority Homes · Nephi, Utah
Questions? Talk to the people who know Nephi.
Visit us at 1451 S Main, Nephi, call 435-623-0897, or send a message and we will get back to you.