Roy, Utah Housing Market

How much can you negotiate in Roy?

Only 26 out of every 100 homes for sale have found a buyer. The other 74 are still waiting. Your offer may be the only one on the table. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Roy home takes 57 days to find a buyer. Half of them take even longer. That is 33% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 105 homes for sale in Roy. That is the most in ten years. It is 13 times the low of Dec 2020. Every one of them competes with the house you want.

What to do about it

• Search Roy homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Roy?

Asking prices are 4.7% below their May 2024 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Roy prices have risen in 91 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.

Who will rent from you in Roy?

Only 16 out of every 100 Roy households rent. This is an owners' town. That share has held steady for five years. Renter households here average 2.6 people. Families rent here. Buy bedrooms, not studios.

Households grew 2% in five years. The housing stock grew 3%. Supply is outrunning demand. Just 3.7% of homes sit empty. A well-priced rental fills fast here.

The median Roy household earns $91,115 a year. Incomes here have grown 5.5% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.7 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,278 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Roy deal with?

• Price growth to assume — +1.4%/yr. Roy grew 7.9% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Roy grows about 1.4% a year. That is the number to type in. Prices were flat over the last year.
• Months of carrying cost — 2. A typical home takes 57 days to sell. Budget that long when you exit or refinance. It is 33% slower than a year ago.
• Odds you cut your price to sell — 1 in 3. About 35% of homes on the Roy market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $225/sqft. The average listing runs +3% above the median. Luxury homes skew it. Comp your own size class per sqft.
• Competition when you exit — +8%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 4.7×. A typical home costs 4.7 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $2,278/mo. 30% of the median household income of $91,115. Rents above this line shrink your tenant pool fast.

Is Roy a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Roy right now. 26 out of every 100 homes for sale have a buyer, 35% of sellers have cut their price, and a typical home takes 57 days to sell.

Are Roy home prices going up or down?

Asking prices are 4.7% below their May 2024 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Roy?

Assume +1.4% a year. Roy grew 7.9% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Roy grows about 1.4% a year. That is the number to type in. Prices were flat over the last year.

How fast are homes selling in Roy?

A typical Roy home takes 57 days to find a buyer. Half of them take even longer. That is 33% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Roy a renters' market or an owners' market?

Only 16 out of every 100 Roy households rent. This is an owners' town. That share has held steady for five years. Just 3.7% of homes sit empty. A well-priced rental fills fast here.

What rent can Roy tenants afford?

A tenant on the median income can pay about $2,278 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Roy household earns $91,115 a year.