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New Construction Homes for Sale in Price, Utah
Price, Utah sits in Carbon County at roughly 5,600 feet elevation in the Castle Valley, about 120 miles southeast of Salt Lake City via US-6. The city has long been rooted in coal mining and higher education — Utah State University Eastern anchors the local economy alongside healthcare, government, and a growing outdoor recreation sector tied to the San Rafael Swell and Nine Mile Canyon. Because Price spent much of the past two decades in a slow-growth cycle, its housing stock skews older, with a large share of mid-century and 1970s–1980s ranchers that have seen varying levels of update. That reality makes new construction genuinely rare here — and genuinely valuable. Buyers who find a newly built home in Price are getting modern framing, current energy codes, up-to-date electrical panels, and insulation designed for the area's cold winters (lows frequently dip into the single digits) and warm, dry summers, none of which older inventory reliably provides.
The new construction market in Price and the surrounding Carbon County area tends toward single-family detached homes on modest lots, often priced in the low-to-mid $300s, though custom builds on larger parcels can climb higher depending on finishes and acreage. Builder activity here is smaller-scale compared to the Wasatch Front — you're more likely to encounter a local custom builder or a small regional contractor than a national production builder with a full subdivision. That means floor plans can be more flexible, but timelines and upgrade options vary widely by project. If you're relocating for a position at Carbon Medical Center, the university, or one of the surrounding energy employers, a new build lets you move in without the renovation headaches that come with older Price homes. Browse the active listings below to see what's currently on the market.
May 2026 · Price market
Live from the Utah MLS — what's actually happening in Price right now.
Median sale
$267,100
8 closed in May 2026
Median DOM
43 days
listing → contract
Sale-to-list
90.6%
of final list price
Unsold inventory
83
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About new construction homes in Price.
How common is new construction in Price, Utah right now? ▾
New construction is relatively uncommon in Price compared to Wasatch Front cities — Carbon County sees a fraction of the building permits issued in Utah County or Washington County in any given year. When new builds do appear, they tend to be individual custom projects or very small subdivisions rather than large master-planned communities. Availability fluctuates, so the active listing count can be in the single digits at any given time.
What price range should I expect for a newly built home in Price? ▾
Most new construction in the Price area has been landing in the low-to-mid $300,000s for a standard three- or four-bedroom single-family home, though custom builds with larger lots or higher-end finishes can push into the $400,000s and beyond. Land costs in Carbon County are lower than along the Wasatch Front, which helps offset construction material costs. Getting a builder's itemized allowance sheet early is the best way to understand where the final number will land on any specific project.
Are newly built homes in Price built for the local climate? ▾
Yes — and that matters more here than buyers sometimes realize. Price sits at about 5,600 feet and sees genuine high-desert winters, with January lows commonly dropping below 15°F and occasional stretches in the single digits. Homes built to current Utah energy codes require higher insulation R-values, better window ratings, and tighter air sealing than most of the older housing stock in town. A new build should meaningfully reduce heating bills compared to an unrenovated mid-century home of similar square footage.
Who are the typical builders working in the Price area? ▾
Unlike the Wasatch Front, Price doesn't have large national production builders like Richmond American or Lennar operating active subdivisions. Construction tends to come from local Carbon County contractors or small regional Utah builders who work on a project-by-project basis. That can mean more flexibility on floor plan customization, but it also means you'll want to verify each builder's licensing status with the Utah Division of Occupational and Professional Licensing (DOPL) and review past project references before signing a contract.
Can I use FHA or VA financing on a new construction home in Price? ▾
Yes, both FHA and VA loans can be used for new construction, but the process differs slightly from buying a finished resale home. For a home still under construction, lenders typically require a construction-to-permanent loan or the builder must complete the home before closing. VA appraisals on new construction also require the builder to provide a one-year warranty and a 10-year protection plan. Connecting with a lender experienced in construction financing before you go under contract will save significant time.
What should I inspect on a newly built home in Price before closing? ▾
New construction still warrants a professional home inspection — code compliance and quality control are not the same thing, and inspectors routinely flag issues on brand-new homes including improper grading, HVAC duct leaks, and insulation gaps. In Price's climate, pay particular attention to crawl space or basement insulation, window installation quality, and roof flashing, all areas where shortcuts show up over a first winter. Most builders allow an independent inspection before the final walkthrough, and you should insist on it.