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Foreclosures & Short Sales in Tooele, Utah
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Tooele sits about 35 minutes west of Salt Lake City on the other side of the Oquirrh Mountains, and the housing market here has always had its own rhythm. A mix of older homes in Tooele City, newer subdivisions in Stansbury Park and Erda, and rural acreage out toward Grantsville means distressed listings show up across a wide range of price points and conditions. Foreclosures (bank-owned REO properties) and short sales tend to surface more often in Tooele County than in tighter Wasatch Front markets, which gives patient buyers a legitimate shot at picking up a home below standard retail — if they're willing to do the homework.
Buying this kind of property in Tooele takes a different playbook than a standard transaction. REO homes are sold strictly as-is, often with utilities off, and condition can swing from move-in ready to gutted. Short sales require lender approval and can take three to four months to close, which rules them out for buyers on tight timelines. Financing matters too: FHA and VA loans work on clean homes but get tripped up by missing appliances, damaged drywall, or non-functional HVAC, all common in distressed listings. Cash and conventional renovation loans (203k, HomeStyle) open up more options. Browse the active foreclosures and short sales below to see what's currently on the market in Tooele, Stansbury Park, Grantsville, and the surrounding county.
"}]May 2026 · Tooele market
Live from the Utah MLS — what's actually happening in Tooele right now.
Median sale
$420,000
71 closed in May 2026
Median DOM
31 days
listing → contract
Sale-to-list
98.7%
of final list price
Unsold inventory
203
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About foreclosures & short sales in Tooele.
What's the difference between a foreclosure and a short sale in Tooele? ▾
A foreclosure (REO) is a home the bank has already taken back after the previous owner defaulted, so you're buying directly from the lender. A short sale is still owned by the homeowner, but they owe more than the house is worth and need the bank to approve a sale below the loan balance. Foreclosures usually close faster; short sales can drag 60-120 days waiting on lender approval.
Are foreclosures and short sales common in Tooele right now? ▾
Tooele's distressed inventory tends to run higher than Salt Lake County on a percentage basis, partly because of the mix of older homes in Tooele City and newer construction in Stansbury Park and Erda where some buyers stretched on payments. That said, totals fluctuate month to month — the active count on this page reflects what's currently on the MLS.
Can I get an FHA or VA loan on a Tooele foreclosure? ▾
Sometimes, but condition is the catch. Bank-owned homes in Tooele often have missing appliances, damaged flooring, or HVAC issues that won't pass FHA or VA appraisal. If the home is move-in ready you're fine; if not, look at FHA 203(k) or conventional renovation financing, or be prepared to pay cash and refinance later.
Do these homes sell at a real discount? ▾
Discounts vary. Clean REOs in Stansbury Park or Overlake often sell within 5-8% of comparable retail homes because demand in Tooele County is steady from Hill AFB workers and SLC commuters. Heavier discounts (15%+) usually come with deferred maintenance, title issues, or rural locations out toward Grantsville and Stockton.
How long does a short sale take to close in Tooele? ▾
Plan on 60-120 days from offer acceptance, sometimes longer if there's a second mortgage or HOA lien involved. The seller's lender has to approve the price, the closing costs, and any commission concessions. If you're on a tight timeline — say a lease ending in 45 days — a standard sale or an REO is usually a better fit.
Are inspections allowed on bank-owned homes? ▾
Yes, and you should always do one. Banks sell REO properties strictly as-is and won't make repairs, but they almost always allow an inspection period (typically 7-10 days) so you can walk away if something major turns up. Budget for a sewer scope too — older homes in Tooele City off Vine Street and Main can have clay sewer lines nearing end of life.