Market analytics · October 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
October 2026 · Market Analysis
Cedar City closings rebound to 61, but a 68-day wait keeps buyers in charge
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Cedar City's housing market picked up volume in October, with 61 closings against 46 in September, but the median home price dropped to $387,200 from $431,000. Buyers have the upper hand. There were 343 homes for sale, about 5.5 months of supply, and sellers got 97.1% of list price. The median home took 68 days to sell, up from 49 in September, and asking prices (a median $449,900) ran well above what actually closed.
Market pulse
Homes for sale grew from 251 in April to 343 in October, and new listings (92 in October) keep arriving about as fast as they have all year. Slower selling shows up in the numbers: a quarter of October's sales took longer than 142 days to sell. Sale-to-list slipped to 97.1% from 97.4% in September, and 34 of the 61 closings took a price change first. October's 61 closings were up from 52 a year ago, so demand is there, but at lower prices.
Mortgage context
Thirty-five of October's 61 sales closed under $400,000, where a median of $323,000 means a loan near $258,000 and the most manageable payments in town. Buyers in the $400,000 to $700,000 range, 21 sales at a median $525,000, feel rate swings more and waited a median 83 days. The 30-year rate eased 0.375 percentage points over the past 30 days, which gave that group a bit of breathing room.
Payment math
Financing the $387,000 median home with 20% down costs $2,139 a month in principal and interest at 7.375%, which is $80 less than the $2,219 payable 30 days ago at 7.75%, yet still $197 above the $1,942 payment of April's low, when rates averaged 6.42%.
If you're buying
Go after listings that have sat 60 days or more, since 40 of October's 61 sales closed below list price. Ekko View Estates is a good example: two sales took a median 229 days and closed at a median $402,500, so patient sellers there have shown they will move. Ask for a price cut first, then seller-paid rate help.
If you're selling
If you're listing under $400,000, you're in the busiest group, with 35 sales in October at a median $323,000 and 59 days on market. Set your price from what recently closed nearby rather than from the $449,900 median asking price. Homes that priced high are the ones taking a cut, and the home that sold in Cedar Valley Acres at $631,000 in 18 days shows well-priced listings still move quickly.
Outlook
Winter usually thins out both new listings and closings in Cedar City, though 343 homes for sale means buyers keep choices. Rates have eased from 7.75% a month ago, which could help closings hold near October's pace. Sellers who list in the next 60 to 90 days should expect to compete with the homes already waiting.
Watch for
If new listings keep running near 100 a month while closings drop back toward September's 46, months of supply would climb past 7 by January.
"More sales in Cedar City, at lower prices and slower speed"
Common questions about Cedar City this month
What is the median home price in Cedar City? ▾
The median home price in Cedar City was $387,200 in October 2026, down from $431,000 in September and $405,000 a year earlier. The average sale price was $430,537, higher because five sales above $700,000 had a median of $750,000. The median list price was $449,900, well above what closed.
Is Cedar City a buyer's or seller's market? ▾
October's Cedar City market favors buyers. There were 343 homes for sale, about 5.5 months of supply, and sellers received 97.1% of list price. Homes took a median 68 days to sell, and 40 of 61 closings were below list.
How much is my Cedar City home worth? ▾
The median Cedar City sale was $387,200 in October, with homes closing at 97.1% of list price after a median 68 days. Your own home's value depends on recent sales of similar homes nearby. Homes under $400,000 closed at a median $323,000, while the $400,000 to $700,000 range closed at $525,000.
How have mortgage rates changed the monthly payment in Cedar City? ▾
At 7.375%, principal and interest on the $387,000 median home with 20% down is $2,139 a month. That is $80 lower than 30 days ago, when the rate was 7.75%. It is still $197 above the payment at April's average rate of 6.42%.
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 ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
61 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 68 · 25th percentile 26 · 75th percentile 142
Needed a price change
Sold listings that had a recorded price change before close
34 of 61 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 neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Ekko View Estates 2 sold · 229d
- 2. Legacy Park 1 sold · 40d
- 3. Cedar Valley Acres 1 sold · 18d
- 4. The Prairie At Bauer Meadows 1 sold · 49d
- 5. Valley Circle 1 sold · 78d
- 6. Old Farm 1 sold · 0d
- 7. Castle Gate 1 sold · 38d
- 8. Sycamore Trail 1 sold · 27d
October 2026 by property type
How each housing type performed last month — 66 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 61 | 52 | +17.31% | 542 | 488 | +11.07% |
| Median Sale Price | $387,200 | $405,000 | -4.40% | $425,272 | $389,095 | +9.30% |
| Median DOM | 68 | 61 | +11.48% | 57 | 47 | +21.28% |
| Sale-to-List Ratio | 97.12% | 97.54% | -0.43% | 98.44% | 98.40% | +0.04% |
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.