64 homes sold in Elk Ridge in the last year, at a typical $718K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Elk Ridge homes are listed.
Every place Elk Ridge homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Elk Ridge.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 89% of Elk Ridge’s sales, at a typical $760K
64 homes sold in the year to May 2026.
typical sale · 57 sold in 12 months
- Per square foot
- $196UT $247
- Days to sell
- 104
- Sold over asking
- 19%
- Listings with a price cut
- 28%
Townhouses: 7 sold, typical $541K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
64 sales in the last year, against 98 in 2017 and a low of 41 in 2023. The typical sale went from $352K in 2016 to $718K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $700K buys in Elk Ridge
Check a listing against what Elk Ridge homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Elk Ridge are rarer than before the pandemic, but a quarter fewer homes come up for sale
We read every month of Elk Ridge’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 64 sales.
If you’re buying in Elk Ridge
- Shop in May. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (33% over asking).
- You can negotiate. 29% of listings have cut their price, against 19% before the pandemic.
- Bid near asking. Buyers paid 98.6% of the list price on average; 17% paid over.
- You’ll usually have time. Only 16% of homes go under contract within two weeks; the typical one takes 103 days.
Spring brings the homes; winter brings the bidding wars
May has the most new listings (about 11 a month), but February is the most competitive: 46% of February sales close over asking. November has the least competition (23%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Utah as a whole
| Elk Ridge now | 2017–19 | 2021 peak | UT now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 17% | 39% | 54% | 21% |
| Gone within two weeksShare of homes under contract within 14 days | 16% | 19% | 52% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 29% | 19% | 31% | 29% |
| Price paid vs. askingAverage sale price ÷ list price | 98.6% | 104.4% | 102.7% | 98.6% |
| Days to sellMedian days from listing to contract | 103 | 81 | 27 | 54 |
29 homes for sale on a typical day
That’s 4.3 times the 2021 low (7), 24% fewer than in 2017–19 and well under 2016’s 66.
1 in 3 listings has cut its price
29% in the last year, against 19% in 2017–19 and 29% across Utah. More sellers are pricing high and coming down.
Elk Ridge ranks 72nd of 94 busy Utah markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Elk Ridge is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Elk Ridge home costs about $4,047 a month
Price: Elk Ridge’s typical sale, last 12 months. Property tax at Elk Ridge’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Elk Ridge is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $718K home, about $3,610 a year.
Taxes vs. neighborsSchools
The schools grade for Elk Ridge, from test results, graduation and how much students grow.
Schools in Elk RidgeTypical commute
The average one-way trip to work for people who live in Elk Ridge.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Woodland Hills for far more
The busier markets within 25 miles of Elk Ridge, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Spanish Fork | 555 | $475K | $214 | 26% | 56 |
| Salem | 377 | $494K | $201 | 18% | 45 |
| Santaquin | 280 | $477K | $188 | 24% | 53 |
| Payson | 256 | $462K | $207 | 27% | 55 |
| Mapleton | 207 | $652K | $213 | 16% | 84 |
| Elk Ridge | 64 | $718K | $193 | 17% | 103 |
| Woodland Hills | 23 | $1.1M | $244 | 9% | 100 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Elk Ridge, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Elk Ridge. People who follow the town see it, and so do people comparing Elk Ridge with their own town. No commission, no listing fee.
Questions about buying a home in Elk Ridge
What do homes sell for in Elk Ridge, UT?
64 homes sold in the year to May 2026 at a typical $718K, $193 a square foot.
Is Elk Ridge a buyer’s or seller’s market?
A seller’s market: 21 homes were for sale in May 2026 and 7 sold, about 3 months of supply. Buyers paid 98.6% of asking on average, and 29% of listings cut their price.
When is the best time to buy in Elk Ridge?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Elk Ridge?
About 0.5% of a home’s value a year. On a $718K home that’s near $3,610.
Where can I see homes for sale in Elk Ridge?
Zillow, Redfin, Realtor.com and Homes.com all carry Elk Ridge’s MLS listings; the search links above open each one filtered to Elk Ridge.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).