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ZIP 84048

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.UtahSeller's market
Market temperatureA 0 to 100 score comparing this area with every similar area nationwide each month. 0 is the strongest buyer's market, 100 the strongest seller's market.Seller's market · 72
Buyer's marketBalancedSeller's market
$14M
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
222
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$517K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jul 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
20182023202420252026
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
20182023202420252026
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
20182023202420252026
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
20182023202420252026
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
20182023202420252026
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
20182023202420252026
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
20162017201920212023202420252026

Housing Stock

HomesHow many homes we have records for in this area.10,696
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$517K
Median sizeThe middle home size here, measured in square feet.1,698 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.2019
Single familyThe share of homes here that are single-family houses.54%
CondosThe share of homes here that are condos.10%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.36%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.1.6%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.68%
Company ownedThe share of homes owned by a company or trust instead of a person.20%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.65%
Typical ownership tenureHow long the typical owner here has held their home.4.6 yrs

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How ZIP 84048 compares

By median home value, ZIP 84048 is the 12th most expensive of 23 ZIP codes in Utah County, and its typical home is worth more than 44% of all homes in Utah County.

Home values in ZIP 84048

Share of homes at each estimated value.

Median
$328K$1.4M
ZIP codes in Utah County ranked by median home value
#Utah CountyMedian valueHomes
1Alpine 84004$1.3M2,873
2Mapleton 84664$761K5,133
3Lindon 84042$725K3,251
4Salem 84653$670K4,807
5Provo 84604$616K9,791
6Lehi 84043$604K15,133
7Pleasant Grove 84062$589K12,280
8American Fork 84003$589K17,016
9Orem 84097$582K5,781
10Saratoga Springs 84045$567K17,112
11Vineyard 84059$542K4,849
1284048$517K10,696
13Springville 84663$512K9,979
14Cedar Valley 84013$508K343
15Eagle Mountain 84005$507K17,480
16Spanish Fork 84660$506K14,428
17Santaquin 84655$504K5,917
18Payson 84651$502K8,345
19Orem 84058$499K7,703
20Orem 84057$467K9,051
21Provo 84601$462K8,100
22Goshen 84633$450K339
23Provo 84606$435K6,201

About the ZIP 84048 market

What is the median home price in ZIP 84048, UT?

The median sale price in ZIP 84048, UT is $14,366,365 (data through July 2026), based on deeds recorded with the county.

How many homes sell in ZIP 84048, UT each year?

222 homes sold in ZIP 84048, UT over the last 12 months (data through July 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

Is ZIP 84048, UT a buyer's or seller's market?

ZIP 84048, UT is currently a seller's market, scoring 72 out of 100 on TopHap's market temperature index (data through July 2026). The score weighs sales velocity and price direction; above 60 favours sellers, below 40 favours buyers.

How many homes are there in ZIP 84048, UT?

ZIP 84048, UT contains 10,696 residential properties, with a median of 1,698 square feet, 3 bedrooms, built around 2019. The median TopHap Estimate is $517K.

How does ZIP 84048, UT compare to the rest of Utah County?

By median home value, ZIP 84048, UT is the 12th most expensive of 23 ZIP codes in Utah County. Its typical home is worth more than 44% of all homes in Utah County. Vineyard 84059 ranks just above it and Springville 84663 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in ZIP 84048, UT?

68% of homes in ZIP 84048, UT are owner-occupied. 20% are held by a company rather than an individual.

How much equity do owners in ZIP 84048, UT hold?

36% of mortgaged homes in ZIP 84048, UT are equity-rich, meaning the loan balance is under half the home's value. 1.6% owe more than the home is worth.

Browse addresses

Every street and address TopHap holds is browsable by state, county and city. Browse UT property records.

Explore ZIP 84048 on the map

See every recorded sale, price heat map, school zone and flood overlay across ZIP 84048in TopHap’s interactive 3D map.

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