in Parowan, UT • 2026 Buying Guide
Best Month
December
$241K
Avoid
October
$286K
Potential Savings
$45K
15.7% difference
Market Type
Balanced
6.0 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$295K
N/A YoY
Days on Market
115
median days
Inventory
24
active listings
Sale-to-List Ratio
—
room to negotiate
Jan
$270K
Feb
$271K
Mar
$220K
Apr
$220K
May
$230K
Jun
$230K
Jul
$218K
Aug
$229K
Sep
$272K
Oct
$286K
PeakNov
$254K
Dec
$241K
BestBased on historical sales data in Parowan
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Parowan's median price at $295K, a 20% down payment would be approximately $59K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Parowan's housing market, December is typically the best time to buy a condo. During this month, prices average around $241K, which is 15.7% lower than peak prices in October. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Parowan is $295K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed N/A. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Parowan has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Parowan include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Parowan currently spend an average of 115 days on market. This suggests a slower market where you have more time to negotiate.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Parowan's median price of $295K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Parowan? Our analysis shows that December typically offers the best prices, with homes averaging around $241K. Buying during this time could save you up to $45K compared to peak months like October.
With a median price of $295K and homes spending an average of 115 days on market, Parowan is currently a balanced market. There's currently 6.0 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Parowan can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.