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Foreclosures & Short Sales in Erda, Utah
Erda sits in the Tooele Valley just over the Oquirrh Mountains from the Salt Lake side, and it's one of the last pockets in the greater SLC commute zone where buyers can still find homes on real acreage — horse setups, shop buildings, and irrigated pasture are common here. Foreclosures and short sales in Erda are uncommon but worth watching, because when a distressed property does hit the MLS on a 1-to-5-acre parcel, the equity opportunity can be meaningful. Most listings in this category are either bank-owned (REO) homes being sold as-is or pre-foreclosure short sales where the lender has agreed to take less than what's owed.
Buyers shopping distressed property in Erda should go in with eyes open: many homes here are on well and septic rather than city utilities, and deferred maintenance on a vacant rural property adds up fast. Water rights, shares in the Erda Acres or Settlement Canyon systems, and outbuilding permits all matter and need to be verified during due diligence. On the upside, Erda's incorporation as a town in 2022 and the steady commuter pull toward SLC (about 35 minutes via SR-36 and I-80) have kept long-term demand healthy, so a well-bought distressed home tends to hold value. Browse the active foreclosure and short sale listings below to see what's currently on the market, and reach out if you'd like comps or condition notes on a specific address.
April 2026 · Erda market
Live from the Utah MLS — what's actually happening in Erda right now.
Median sale
$890,000
5 closed in April 2026
Median DOM
141 days
listing → contract
Sale-to-list
97.3%
of final list price
Unsold inventory
28
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About foreclosures & short sales in Erda.
Are foreclosures common in Erda right now? ▾
Erda is a small, low-inventory market — typically only a few dozen active listings at any time — so distressed properties show up sporadically rather than in steady supply. When they do appear, they tend to move quickly because buyers across the Salt Lake and Tooele valleys watch this area for value plays on acreage.
What's the difference between a foreclosure and a short sale? ▾
A foreclosure is a bank-owned (REO) home the lender has already taken back and is reselling, usually as-is. A short sale is still owned by the homeowner, but they're selling for less than the mortgage balance and the lender has to approve the price. Short sales typically take 60-120 days to close because of lender review; REOs can close in 30-45.
Can I finance an Erda foreclosure with an FHA or VA loan? ▾
Sometimes, but it depends on condition. Many Erda foreclosures are rural properties on well and septic, and FHA/VA appraisers will flag peeling paint, missing handrails, non-functional systems, or septic issues. If the home is habitable and systems work, government financing is possible; if it's been winterized or stripped, you may need conventional, cash, or a renovation loan like FHA 203(k).
Do Erda foreclosures usually sit on acreage? ▾
Often yes. Erda's zoning historically required larger lots — many parcels are 1 to 5 acres, with some equestrian properties on more — so even modest homes here come with land, outbuildings, water shares, or irrigation rights that need to be verified during due diligence.
How should I price-compare a distressed listing against regular Erda homes? ▾
Pull recent sold comps within a one-mile radius on similar acreage and adjust for condition. Typical Erda single-family homes have been trading in a wide range depending on lot size and finishes, so a foreclosure priced 10-15% under comparable condition is a genuine discount — anything tighter than that may not be worth the as-is risk.
What inspections matter most on a rural Erda distressed property? ▾
Septic inspection and pump, well flow and potability test, roof, HVAC, and a check on any water rights or shares tied to the parcel. Vacant homes here can also have rodent damage, frozen pipe history, or HVAC theft, so budget for a thorough general inspection even if you're paying cash.