The median home price in Utah is now $1.1 million, according to Zillow, the online real estate data firm.
That means a home worth less than $3 million could go for more than $1 million today.
The new benchmark is based on a study of the average price for new construction in Utah, and it takes into account inflation.
The median price of a home is the average of the price of comparable properties across the state.
It’s the lowest price of any state in the country.
In the last five years, the median home in Utah has risen $1M, according the study.
The median price for a home that would have cost $2.9 million now sits at $1 billion.
That’s a 10% increase from five years ago.