Lehi, Utah has grown from a quiet Utah County town into the heart of Silicon Slopes, and that transformation continues to shape Lehi real estate market trends in 2025. With major employers, new construction communities, family-friendly amenities, and quick access along I-15 between Salt Lake City and Provo, Lehi offers an appealing blend of lifestyle and long-term value. If you’re considering buying, selling, or investing in Lehi, understanding the local drivers—and how to position yourself in this competitive market—is essential. Below, Peter Morkel and the Peter Morkel Real Estate Group share a comprehensive, on-the-ground guide to help you make confident decisions.
What’s Driving Lehi’s Housing Demand Right Now
Lehi’s demand isn’t accidental; it’s built on strong fundamentals that continue to attract both residents and investment.
- Silicon Slopes employment: Names like Adobe, Podium, MX, and other tech companies anchor jobs right in Lehi, while additional opportunities in Draper, Bluffdale, and Provo/Orem widen the commute net. This steady professional base fuels ongoing buyer demand.
- Commute convenience: Lehi sits squarely on the I-15 tech corridor with access to the Lehi FrontRunner station, making north-south travel manageable. For hybrid workers, Lehi’s location offers flexibility regardless of office direction.
- Lifestyle and amenities: Thanksgiving Point’s museums and Ashton Gardens, the Jordan River Parkway, and the Outlets at Traverse Mountain deliver year-round recreation and shopping. Family-friendly parks and sports programs amplify the appeal.
- Schools and community fabric: Lehi is served by the Alpine School District, with local favorites like Skyridge High School and Lehi High School. Community events, youth sports, and neighborhood organizations add to the stability that homeowners value.
- New construction pipeline: Master-planned developments in west Lehi and around Holbrook Farms continue to add housing variety, from townhomes to larger single-family homes and luxury builds.
Together, these factors create a durable demand backdrop that supports pricing even as mortgage rates and national economic conditions ebb and flow.
Lehi Real Estate Market Trends at a Glance
While micro-trends vary by neighborhood and price point, several themes are shaping Lehi real estate in 2025:
- Gradual price stabilization with selective appreciation: After the sharp run-up and subsequent recalibration seen across the Wasatch Front, Lehi has largely stabilized. Well-priced, move-in-ready homes in desirable locations still command strong interest and can see modest appreciation, especially in the $500,000–$900,000 range.
- Segmented competition: Entry-level townhomes and mid-range single-family homes remain highly competitive due to strong buyer pools. Luxury properties over $1 million see more discerning demand and benefit from strong presentation and strategic pricing.
- Days on market vary: Turnkey homes near employment hubs or with sought-after features (main-floor primary suites, modern kitchens, functional yards) move faster. Homes needing updates or with challenging layouts may require sharper pricing and targeted marketing.
- New construction vs. resale: Builders are offering targeted incentives, rate buydowns, and upgrade packages. Resales compete effectively when they are remodeled, staged well, and priced to reflect current buyer expectations.
- Seasonal rhythm: Spring listings remain popular, but serious buyers remain active year-round. Winter months can present value opportunities for buyers and reduced competition for sellers with well-prepped homes.
Bottom line: Lehi remains a fundamentals-driven market, with buyer demand tethered to jobs, schools, and convenience. Strategy matters more than ever to achieve top outcomes.
Neighborhood Snapshots: Where Lehi Shines
Each part of Lehi has its own flavor. Here’s how several popular areas stack up:
- Traverse Mountain: Hillside living with mountain and valley views, proximity to the Outlets at Traverse Mountain, and easy I-15 access. Diverse inventory, from stylish townhomes to luxury single-family homes. View lots, trail access, and updated interiors drive premiums.
- Thanksgiving Point Area: Close to museums, gardens, golf, restaurants, and offices. Buyers seek walkability, family-friendly streets, and quick access to the Lehi Station. Modern floor plans and low-maintenance yards perform well.
- Holbrook Farms and West Lehi: Master-planned communities with newer builds, parks, and trails. Attractive to buyers seeking newer layouts, energy efficiency, and community amenities. Townhomes and single-family homes often offer good value relative to east-side view lots.
- Central/East Lehi: Established neighborhoods near Lehi High, tree-lined streets, and convenient access to historic downtown. Updated kitchens and mechanical systems (HVAC, roof, windows) are key value drivers in these older areas.
Your ideal location depends on whether you prioritize commute time, school boundaries, views, trail access, or modern features. A local, data-informed tour can help compare neighborhoods efficiently.
Price Points: What Your Money Buys in Lehi
While exact prices change month to month, here’s how buyers typically compare value in Lehi:
- Townhomes and condos: Attractive to first-time buyers and investors. These often feature modern finishes, small yard maintenance, community amenities, and strong rentability near tech employment.
- Mid-range single-family homes: The backbone of Lehi’s market, frequently 3–5 bedrooms with two or more baths, open-concept living, and two-car garages. Homes with updated kitchens, LVP or engineered hardwood flooring, and finished basements command stronger offers.
- Luxury and view properties: Elevated lots in areas like Traverse Mountain and high-end pockets near Thanksgiving Point offer expansive views, larger floor plans, and premium finishes. Distinctive outdoor living spaces—covered decks, fire pits, and usable yard elevations—help justify premium pricing.
Strategically, buyers can often secure better value by targeting homes that need cosmetic updates, then investing in high-ROI improvements post-closing.
New Construction in Lehi: Opportunities and Trade-Offs
Builders in Lehi continue to deliver new product, particularly west of I-15 and within larger master-planned communities. Considerations:
- Incentives: Rate buydowns, closing cost credits, and upgrade allowances are common. These can meaningfully lower your monthly payment or improve finish quality—if negotiated correctly.
- Lot selection matters: End-of-street lots, extra-wide frontages, or locations backing open space preserve long-term value and daily enjoyment.
- Timeline and flexibility: Build times can vary with supply conditions. If you have a home to sell, aligning your sale with your new-build completion reduces carrying costs and stress.
- Warranty and energy efficiency: New homes deliver modern systems, insulation, and warranties that reduce repair risk in the first few years—appealing to busy professionals and first-time buyers.
A seasoned agent can compare builder incentives to resale value, ensuring that what looks like a deal on paper truly pencils out.
Investment Outlook: Rentability and Long-Term Value
Lehi’s investment case remains strong due to:
- Employment demand: Proximity to tech employers supports consistent rental interest.
- Townhome appeal: Low-maintenance units with modern layouts remain popular with renters, offering investors simpler turns and competitive yields.
- Equity growth via improvements: Target homes where cosmetic updates unlock higher rents or resale value—updated kitchens and durable flooring are favorites.
Investors should model realistic rent ranges, HOA fees, and potential future property tax adjustments. Vacancy risk is generally lower near employment hubs and along the FrontRunner corridor.
Seasonality and Timing Your Move
- Spring: Strongest buyer pool. Sellers benefit from fresh landscaping and longer daylight. Buyers face more competition—pre-approval and fast readiness are key.
- Summer: Families moving for school boundaries act decisively. Listings with finished basements and functional yards perform well.
- Fall: A balanced window; motivated sellers may be open to concessions, particularly for homes that didn’t sell in summer.
- Winter: Fewer listings and fewer competing buyers. Sellers with top-notch presentation stand out. Buyers can negotiate more on terms and timelines.
The right time depends on your goals—equity extraction, school-year timing, or budget optimization.
Seller Strategy: Winning in Today’s Lehi Market
- Precision pricing: Buyers are informed and rates remain a factor. Pricing within the right micro-comp set can attract multiple offers rather than chasing the market.
- Presentation that converts: Fresh paint in neutral, modern tones; updated lighting; decluttered spaces; and strategic staging help photos pop and drive more showings.
- Repairs and pre-inspection: Addressing visible issues early reduces renegotiation risk. A clean roof, serviced HVAC, and tidy landscaping build buyer confidence.
- Marketing that targets: High-end photography, video, and 3D tours capture attention. Neighborhood-specific ad campaigns and buyer-matching increase qualified showings.
- Flexible terms: Offering a credit toward closing costs or a rate buydown can broaden your buyer pool without slashing price.
The Peter Morkel Real Estate Group crafts a property-specific plan that aligns pricing, presentation, and marketing to your home’s strengths.
Buyer Strategy: Navigating Competition Without Overpaying
- Local pre-approval and rate strategy: Align with lenders who understand Utah timelines and can move fast on rate buydowns when appropriate.
- Offer structure: Consider appraisal gap coverage only when justified by data. Strategic earnest money and clean contingencies signal strength without compromising protection.
- Identify overlooked value: Homes with older carpet or dated paint are often priced below potential. Budget for updates that deliver outsized ROI.
- New construction leverage: Compare incentives across builders and phases. Negotiate for upgrades that protect long-term value—cabinets, counters, and flooring—over flashy but low-impact add-ons.
- Commute and lifestyle fit: Don’t just chase price. Map daily routines—schools, gyms, trailheads, and offices—to avoid buyer’s remorse.
Peter’s team pairs predictive market analysis with boots-on-the-ground touring so you can move quickly and confidently.
6–12 Month Outlook: What to Watch in Lehi
- Mortgage rate moves: Any sustained decline tends to release pent-up demand, tightening inventory and supporting prices—especially for updated, move-in-ready homes.
- Tech employment and office trends: Continued growth in Silicon Slopes keeps demand steady. Hybrid work policies support a wider buyer radius.
- New construction absorption: If incentives taper, resale homes with modern updates become even more competitive. If incentives persist, buyers gain added leverage.
- Inventory mix: Watch the balance between townhomes and single-family homes. Shifts in supply influence pricing pressure in those segments differently.
We expect Lehi to remain a fundamentally strong market, favoring well-located and well-presented homes. Strategy and negotiation will separate average outcomes from exceptional ones.
Why Work with the Peter Morkel Real Estate Group
Local expertise is the advantage in Lehi, and Peter Morkel’s team brings a proven, data-driven approach:
- Neighborhood-level comps and live trends: We monitor weekly inventory changes, price reductions, builder incentives, and showing traffic so clients act on fresh data—not last quarter’s averages.
- Silicon Slopes know-how: Our buyer and investor playbooks reflect the realities of tech-worker schedules, commute preferences, and home features that command strong resale.
- New construction negotiation: We speak builder. From lot premiums to structural upgrades and financing incentives, we secure value that aligns with your long-term goals.
- High-converting marketing for sellers: Professional staging guidance, cinematic media, and targeted digital campaigns bring the right buyers to your door. We tailor messaging to highlight the lifestyle each Lehi neighborhood offers.
- Off-market and coming-soon access: Our network often surfaces opportunities before they hit public channels—critical in competitive segments.
- Concierge-level process: From inspection strategy and appraisal management to contractors for quick pre-list fixes, we handle details so you can focus on the move.
Whether you’re buying your first Lehi townhome near the FrontRunner, selling a view home in Traverse Mountain, or assessing returns on a Holbrook Farms rental, the Peter Morkel Real Estate Group provides the clarity and execution you need.
Ready to move with confidence in the Lehi real estate market? Reach out to Peter Morkel and the team for a tailored plan based on your timeline, budget, and goals. We’ll help you read the trends, outsmart the competition, and secure your best outcome in Lehi, Utah.
