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Foreclosures & Short Sales in Price, Utah
Price sits in Carbon County, an old coal and rail town where the housing stock skews older and the economy has ridden the ups and downs of the energy sector for decades. That history means foreclosure and short sale activity here tends to track local layoffs at the mines, at PacifiCorp, or at Castle Valley Center's associated employers more closely than it tracks national trends. When a family gets caught by a job loss or a balloon payment they can't refinance, the result is often a bank-owned home in one of Price's older neighborhoods near Carbonville Road, or an outlying property in Wellington or Helper that needs work but carries a genuinely low basis.
Buyers who do well with these deals in Price are usually comfortable with some deferred maintenance — older furnaces, aging roofs, homes that sat vacant through a winter or two before the bank finally listed them. Price's dry, four-season climate is forgiving compared to more humid markets, so vacant homes here tend to hold up structurally better than you'd expect, but a sewer line or a furnace inspection is still money well spent before closing. Because inventory is thin and turns over unevenly, a short sale or REO listing can sit for weeks or get multiple offers in days depending on price point and location. Browse the active listings below to see what's currently on the market.
June 2026 · Price market
Live from the Utah MLS — what's actually happening in Price right now.
Median sale
$425,000
6 closed in June 2026
Median DOM
60 days
listing → contract
Sale-to-list
97.7%
of final list price
Unsold inventory
80
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About foreclosures & short sales in Price.
How many foreclosures are typically available in Price at any given time? ▾
Price is a small market, so inventory swings a lot — sometimes there are zero bank-owned or short sale listings active, other times three or four show up at once after a round of local layoffs. It's worth checking back often rather than assuming steady supply like you'd see in a larger Wasatch Front city.
Are short sales slower to close than regular listings here? ▾
Yes, plan on 60-90 days minimum for a short sale since the lender has to approve the sale price and terms before closing, and Carbon County has fewer agents who handle these regularly, which can add back-and-forth. A standard bank-owned (REO) home usually closes faster, closer to a normal 30-45 day timeline.
Do these homes need major repairs? ▾
Many do. Vacant homes in Price's coal-town neighborhoods sometimes go without heat or water service for a season before the bank lists them, so furnaces, water heaters, and plumbing are the first things to check. A licensed inspector who knows older Carbon County housing stock is worth the cost.
Can I use an FHA or USDA loan on a foreclosure in Price? ▾
FHA works fine on most bank-owned homes as long as the property passes a basic health-and-safety inspection, and USDA financing is often available since parts of Carbon County outside Price's core qualify as rural. Homes with serious deferred maintenance may need an FHA 203(k) rehab loan or a cash offer instead.
Why are prices so much lower than a typical Price listing? ▾
Lenders price REOs to move rather than to maximize value, and short sale sellers are constrained by what the bank will accept to cover the existing loan balance, so both tend to list under comparable move-in-ready homes. The tradeoff is usually condition, and occasionally a slower closing timeline.
Is now a good time to look, or should I wait for more listings? ▾
Price's foreclosure supply is tied to local employment more than to broader housing trends, so timing it perfectly is tough. If you find a property that fits your budget and repair tolerance, it usually makes more sense to move on it than to wait for a market that doesn't have predictable seasonal patterns.