Utah housing market among the most expensive in US

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Utah is among the most expensive states in the nation to own a home, especially because of its skyrocketing housing prices in the past several years.

That's according to a new report by the real estate website Agent Advice, which analyzed the typical price of homes throughout the country from March 2021 to March 2023 — years that will go down in history for theirUtah was named the sixth most expensive state to buy a home, with a typical home price of $506,072 as of this past March, according to Agent Advice's analysis. The site used price and percentage increases in that three-year range for its rankings.

Ahead of Utah, Hawaii, California, Washington, Massachusetts and Colorado rounded out the top five of most expensive states in which to own a home., with a typical house price of $834,583. "It's no secret that the 'Aloha State' is a hotspot for residents looking to buy their property," Agent Advice wrote.

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