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PAROWAN, UT 84761

Real Estate Market Report  ·  Iron County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PAROWAN, UT real estate market (84761) currently shows 31 active listings, with 6 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 53 days on market compared to 123 days last year.

The median listing price has fallen 8.8% year-over-year, from $419,500 to $382,450.

Whether you are buying or selling in PAROWAN, UT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,069  ·  Density: 9.3/mi²  ·  Median household income: $48,599

Typical home value: $248,748  ·  Homeownership: 63.5%

Market Overview

Active Listings
31
⇧ 29.2% vs 24 last year
Pending
6
19% pending ratio
Median Price
$382,450
⇩ 8.8% vs $419,500 last year
Average Price
$490,896
⇩ 27.1% vs $673,786 last year
Days on Market
53
⇩ 56.9% vs 123 days last year

Price Per Square Foot

Median $/sqft
$235
⇧ 5.4% vs $223/sqft last year
Median Home Size
1,485 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 24 last year
  • Days on market: 53 now vs 123 last year

Median & Average Pricing

Year over Year
  • Median: $382,450 (-8.8% YoY)
  • Average: $490,896 (-27.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 45.7 miles — 447 listings ($227,645,528 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
84761Parowan, UT 847610.0 mi29$13,362,330$359,739$460,770
84760Paragonah, UT 8476013.0 mi5$5,003,000$789,000$1,000,600
84721Cedar City, UT 8472115.2 mi309$147,919,845$415,000$478,705
84735Hatch, UT 8473526.9 mi8$9,990,856$875,000$1,248,857
84759Panguitch, UT 8475927.1 mi20$12,647,420$574,725$632,371
84752Minersville, UT 8475227.9 mi3$1,684,500$561,500$561,500
84710Alton, UT 8471032.6 mi4$3,170,000$535,000$792,500
84729Glendale, UT 8472936.5 mi3$3,864,000$1,288,000$1,288,000
84713Beaver, UT 8471337.8 mi47$20,142,273$356,200$428,559
84723Circleville, UT 8472340.6 mi2$604,000$302,000$302,000
84751Milford, UT 8475142.6 mi7$2,456,860$249,900$350,980
84781Pine Valley, UT 8478144.6 mi7$5,015,444$582,975$716,492
84776Tropic, UT 8477645.7 mi3$1,785,000$595,000$595,000

Frequently Asked Questions

How many homes are for sale in PAROWAN, UT 84761?

As of March 2026, there are 31 active listings in PAROWAN, UT (zip code 84761), compared to 24 the prior year.

What is the median home price in PAROWAN, UT 84761?

The median listing price in PAROWAN, UT 84761 is $382,450 as of March 2026, a 8.8% decrease from $419,500 the prior year.

How long do homes stay on the market in PAROWAN, UT?

Homes in PAROWAN, UT 84761 spend an average of 53 days on the market before going under contract, compared to 123 days the prior year.

Is it a seller's or buyer's market in PAROWAN, UT 84761?

Based on current inventory and days-on-market data as of March 2026, PAROWAN, UT 84761 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 123 days last year.

How much can I save on real estate commission in PAROWAN, UT?

With SELL123.com's maximum 3% commission, sellers in PAROWAN, UT 84761 save an estimated $7,649 compared to a typical 5% commission on the median listing price of $382,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.