Market analytics · April 2026 archive
Cedar City, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
April 2026 · Market Analysis
Cedar City closings speed up sharply in April even as inventory keeps building.
The most notable shift in Cedar City's April 2026 market was not the price tag — it was the pace. Median days on market dropped to 44 in April from 85 in March, a nearly 48% compression in closing speed that signals meaningfully stronger buyer engagement heading into spring. That acceleration came against a backdrop of 59 closings (up from 47 in April 2025) and a median sale price of $440,000, a $35,000 gain year-over-year. Active inventory reached 371 homes, more than double the 158 active listings Cedar City carried in April 2025, so buyers have real selection — but the ones who are moving are moving faster.
Market pulse
Median DOM in Cedar City has swung dramatically over the past six months: from 37 days in November 2025, it climbed to 61 days in January 2026, peaked at 85 days in March 2026, then fell back to 44 days in April — the sharpest single-month improvement in that stretch. Active inventory has moved in the opposite direction, growing from 213 homes in December to 262 in January, 296 in February, 332 in March, and 371 in April, meaning buyers have more options even as the pace of closings quickened. The sale-to-list ratio recovered to 98.53% in April from a low of 97.60% in February, and the count of homes sold above list price rose to 13 — the most since March 2026's 16. New listings reached 103 in April, the highest monthly intake since at least last spring, which is keeping supply elevated even as demand firms.
Mortgage context
The 30-year conventional rate sits at 6.625% as of late May, up 0.375 points over the past 30 days from 6.25% thirty days ago, and 0.43 percentage points above February's monthly average of 6.19% — the softest rate Cedar City buyers saw over the past six months. That February dip proved brief: rates climbed from 6.19% in February to 6.48% in March and 6.42% in April before the current spot rate pushed higher still. For buyers financing at today's rate, the monthly cost increase relative to February's window is real and measurable.
Payment math
On a median-priced home today, P&I lands at $2,254/mo at 6.625% — $87/mo more than 30 days ago at 6.25%, and $100/mo above the February low when rates averaged 6.19% and P&I would have been $2,154.
If you're buying
With median DOM dropping from 85 days in March to 44 days in April, the fastest-moving segment is under $400K — those homes averaged just 35 days on market in April, so buyers in the Pointe West and Old Sorrel Ranch price range should be pre-approved and ready to move within days of a new listing appearing. For buyers targeting the $400K–$700K band, where median DOM was 61 days in April, homes that have been sitting 90-plus days are the best negotiating targets — the sale-to-list ratio on stale inventory in Cedar City has been running closer to 96–97%, well below the market-wide 98.53%. With 371 active listings and inventory still building, there is no urgency to stretch on price, but rate-lock timing matters more than it did two months ago.
If you're selling
The DOM compression in April is encouraging, but 371 active listings means Cedar City sellers are competing against a deep pool — price discipline is essential. Homes in the Three Peaks and Iron West corridors that are priced at or slightly below the $432,000–$440,000 median range are closing; those priced to last spring's tighter market are sitting, as evidenced by the 30 April closings that went below list price. If your home needs cosmetic work, budget for it before listing — buyers in this inventory environment have alternatives, and the 6 price-change events in April suggest sellers who mispriced initially are having to correct mid-campaign.
Outlook
Over the next 60–90 days, Cedar City's market will be shaped by two competing forces: continued inventory growth (new listings have run 78–103/month since February) and a rate environment that is now 0.43 percentage points above its recent low, adding roughly $100/month to a median-priced purchase. If the Southern Utah University summer session and the region's peak red-rock hiking season draw the usual wave of relocation inquiries, closings could hold in the 55–65 range through June. However, if rates stay above 6.5%, the under-$400K segment — which has been Cedar City's most active price band — may see demand soften, since buyers who might otherwise look at Cedar City as a more affordable alternative to St George are the most rate-sensitive.
Watch for
If the 30-year rate crosses 7% and holds there through summer, expect Cedar City's months-of-supply to climb past 7 as the under-$400K buyer pool — the segment driving the most closings — pulls back, and active inventory continues its current growth trajectory.
"Cedar City's spring reset: faster closings, more choices, and a rate headwind that's starting to bite."
Common questions about Cedar City this month
Is Cedar City a buyer's or seller's market in April 2026? ▾
It's a buyer-leaning market by most measures. With 371 active listings and an absorption rate of 6.29 months, supply is well above the 3–4 month range that typically favors sellers. That said, the DOM compression in April — from 85 days in March to 44 days — shows that motivated, well-priced sellers are still closing. Buyers have leverage on stale listings but shouldn't assume every seller will negotiate.
Why did homes sell faster in April if there are more listings than ever? ▾
The speed-up reflects a mix of spring seasonality and a reset in seller pricing expectations. After a slow February and March — when median DOM hit 77 and 85 days respectively — sellers who came to market in April appear to have priced more realistically relative to the $424,900 median list price. The 13 homes that sold above list price in April also suggest a pocket of well-priced, move-in-ready inventory attracted competitive offers quickly, pulling the overall median down.
How does Cedar City compare to St George for buyers priced out of the Wasatch Front? ▾
Cedar City's April 2026 median sale price of $440,000 is meaningfully below St George's typical range, making it an increasingly watched alternative for buyers priced out of Washington County. The trade-off is a longer commute to the I-15 corridor and fewer amenities, but the Southern Utah University presence and Iron County's lower land costs keep Cedar City's entry price more accessible. Buyers relocating from Salt Lake City or Provo who are flexible on location should run the numbers on both markets.
What price range is moving fastest in Cedar City right now? ▾
Homes under $400,000 are moving fastest, with a median DOM of 35 days in April 2026 — well below the market-wide 44-day median. That band saw 22 closings in April at a median sale price of $320,950. The $400K–$700K range, which includes communities like Iron West and Saddleback Ridge, had a median DOM of 61 days, and the over-$700K segment — only 3 closings in April — took a median of 52 days.
Should I wait for rates to drop before buying in Cedar City? ▾
Rates have moved in both directions over the past six months — February's 6.19% monthly average looked like a window, but by April the average was back to 6.42% and the current spot rate is 6.625%. Waiting for a sustained rate drop while Cedar City inventory builds could work in a buyer's favor on price negotiation, but there is no guarantee rates will return to February levels in the near term. Buyers who find a well-priced home in the under-$400K or low-$400K range and plan to hold for several years are generally better served by locking a rate they can afford today than timing a market that has proven unpredictable.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
59 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 47 · 25th percentile 11 · 75th percentile 109
Needed a price change
Sold listings that had a recorded price change before close
7 of 59 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Not Available 6 sold · $495K · 18d
- 2. West View Estates Subdivision 2 sold · $601K · 169d
- 3. Cedar Meadows Subdivision 2 sold · $410K · 110d
- 4. Jefferson Park 1 sold · $1,250K · 132d
- 5. Iron West 1 sold · $580K · 0d
April 2026 by property type
How each housing type performed last month — 57 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 59 | 47 | +25.53% | 202 | 177 | +14.12% |
| Median Sale Price | $440,000 | $405,000 | +8.64% | $426,661 | $398,551 | +7.05% |
| Median DOM | 47 | 31 | +51.61% | 66 | 47 | +40.43% |
| Sale-to-List Ratio | 98.57% | 98.97% | -0.40% | 98.81% | 98.45% | +0.37% |
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.