Draper is heading into August with plenty of momentum and a few surprises. Prices are moving higher, inventory is expanding, and homes are spending more time on the market. For both buyers and sellers, these changes mark an important shift from the rapid-fire conditions of the past few years.
Prices: A Big Jump
In July, the median sales price in Draper reached $888,000, up 13.3 percent from last year. That kind of increase is significant and shows the strength of Draper’s market, especially in desirable neighborhoods close to schools, tech hubs, and mountain access. Sellers benefit from this appreciation, but buyers will need to plan carefully to stay competitive.
Inventory: More Choices on the Table
Draper closed July with 143 active listings, an 18.2 percent increase compared to the year before. With more homes to choose from, buyers are no longer forced into making split-second decisions. Sellers, however, are seeing more competition and need to present their homes in the best light possible to attract serious offers.
Days on Market: The Clock is Ticking Longer
The average days on market climbed to 62, compared to 45 last year. That’s nearly a 38 percent increase and a clear sign that homes are not flying off the shelves. Buyers are taking their time, exploring options, and negotiating more confidently. Sellers should expect longer timelines and be prepared to adjust strategies if their home sits.
Buyer’s or Seller’s Market?
Draper is beginning to level out. With 3.2 months of supply available, the market is still leaning toward sellers but is trending closer to neutral. Strong homes in prime neighborhoods will always stand out, but the days of across-the-board bidding wars are cooling.
Interest Rates: Still Shaping the Market
Mortgage rates in the mid-6 percent range continue to be the elephant in the room. They affect affordability, particularly in high-demand areas like Draper where prices push close to $900,000. Still, buyers who are financially ready have more negotiating power than they did just a year ago thanks to the added inventory.
Neighborhood Spotlight
Draper’s variety is part of what makes it so appealing. SunCrest continues to draw buyers who want views and open space. Steep Mountain neighborhoods are seeing steady demand from families looking for larger homes. And South Mountain remains popular with buyers who value quick access to golf courses, parks, and the freeway. These areas showcase Draper’s unique mix of lifestyle options.
The Bottom Line
Draper is a market in transition. Prices are up sharply, inventory is growing, and buyers are taking their time. Sellers who price strategically and invest in presentation can still capture strong offers, but patience is key. Buyers finally have more options, which creates opportunities for those ready to make a move in neighborhoods like SunCrest and South Mountain.
