Market analytics
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
July 2026 · Market Analysis
Cedar City closings cool in July as rate costs climb past $2,100 a month.
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Closed sales fell to 55 in July from June's 82, a 33% drop that reverses three straight months of gains and lands right at the 58-sale average Cedar City has posted over the past year. It's not a collapse — July 2025 saw 50 closings, so this July still ran a bit ahead of last year — but the pullback from June's pace, paired with active inventory reaching 403 homes, up from 371 in June and 355 in May, tips things toward buyers for the first time this spring. The median sale price landed at $405,000, well below the $449,000 median list price still sitting on the active shelf.
Market pulse
Closings have swung sharply since spring: 61 in April, 63 in May, a jump to 82 in June, then back down to 55 in July — the kind of bounce that makes any single month hard to read as a trend on its own. Median days on market moved from 34 in May to 44 in June to 51 in July, a sign homes are taking longer to find buyers again after May's quick pace. Active inventory has climbed every month since February's 260, reaching 403 in July, while new listings actually eased to 88 from June's 102. Price cuts show up on 24 of July's 55 closings, up from 19 in May, suggesting sellers are adjusting to slower buyer response rather than holding firm on asking price.
Mortgage context
The 30-year averaged 6.79% in July, continuing a climb from February's 6.19% low through 6.42% in April and 6.66% in June. Today's spot rate sits at 6.875%, up 0.125 percentage points over the past 30 days, and that trajectory is part of why closings slowed even as inventory kept building near Cross Hollow Hills and the west side subdivisions.
Payment math
A Cedar City buyer financing the $405,000 median home with 20% down is paying $2,128 a month in principal and interest at today's 6.875% — $27 more than 30 days ago at 6.75%, and $146 above the $1,982 payment that same loan would have carried back in February 2026, when rates averaged 6.19%.
If you're buying
Closings fell to 55 in July from 82 in June, so you're facing less competition than a month ago — 35 of the 55 sales closed below asking. Target listings in the under-$400K band, where median days on market sits at 48 and comparable homes recently sold near $299,400; that's a bigger discount pool than the $400K-$700K band, where sellers are still holding closer to list. If you're cross-shopping SUU's rental-heavy neighborhoods near campus versus outlying subdivisions like North Field Addition, budget extra AC costs — Iron County's July heat runs 95-105°F and that's baked into utility bills on top of the mortgage.
If you're selling
With 24 of July's 55 closings taking a price cut first, price at or near recent comparable sales from the start rather than testing the top of the range — homes in the $400K-$700K band that closed took a median 54 days, and the over-$700K segment stretched to 91 days. Look at what actually closed in your subdivision, not the $449,000 median list price citywide, which is running well above the $405,000 median sale. Cedar City has picked up interest as a cheaper alternative to St George for retirees migrating in, so staging toward that buyer — low-maintenance, single-level layouts — can help homes near Coral Canyon-style desert landscaping stand out.
Outlook
Expect the slower July pace to carry into August and September as rates near 6.875% keep squeezing what buyers can afford, particularly in the $400K-$700K band where median days on market already stretched to 54. Inventory near 403 homes gives buyers more room to negotiate than they had in February's 260-listing market, and sellers competing with newer product in subdivisions like North Field Addition or the west-side developments near Cross Hollow should expect to compete on price, not just location. Watch whether Cedar City keeps drawing retiree buyers priced out of St George — that inflow has been part of what's kept closings from falling further.
Watch for
If new listings keep running below June's 102 while active inventory keeps climbing toward 403, expect sellers to lean harder on price cuts — already 24 of July's 55 closings took one — pushing the sale-to-list ratio below 99% by fall.
"Cedar City's July gave buyers room to breathe, right as rates made that room more expensive."
Common questions about Cedar City this month
Is Cedar City a buyer's or seller's market in July 2026? ▾
It's leaning toward buyers. Active inventory reached 403 homes, the highest point in this run, while closings fell to 55 from June's 82. With 24 of those 55 sales taking a price cut first and days on market up to 51, buyers have more leverage than they did earlier this spring.
Why did home sales slow down in Cedar City this July? ▾
Part of it is the rate climb — the 30-year averaged 6.79% in July after sitting at 6.19% back in February, adding real cost to monthly payments. Part of it is also a natural pullback after June's unusually strong 82 closings, since sales have swung between the low 50s and low 80s all year.
What will a typical mortgage payment look like on a median-priced Cedar City home? ▾
On the $405,000 median sale price with 20% down, principal and interest runs about $2,128 a month at today's 6.875% rate. That's $27 more than a buyer would have paid 30 days ago and $146 above what the same loan cost back in February when rates averaged 6.19%.
Are home prices dropping in Cedar City? ▾
The median sale price came in at $405,000 in July, below the $449,000 median list price on active listings and down from June's asking prices, though June's own median sale was $382,450. Prices have bounced between roughly $380,000 and $505,000 over the past six months, so July isn't a clean decline so much as continued swing month to month.
Should I wait for lower mortgage rates before buying in Cedar City? ▾
Rates have moved in one direction for six months, climbing from 6.19% in February to 6.79% in July and 6.875% today, so waiting hasn't paid off recently. With inventory at 403 homes and sellers already cutting prices on 24 of 55 July sales, buyers who need a home now may find more negotiating room than they'll find lower rates by waiting.
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
July 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 53 · 25th percentile 28 · 75th percentile 93
Needed a price change
Sold listings that had a recorded price change before close
28 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 subdivisions this month
Ranked by closed count
- 1. Not Available 8 sold · $530K · 75d
- 2. None 3 sold · $325K · 47d
- 3. North Field Addition Subdivision 1 sold · $450K · 70d
- 4. East Ridge 1 sold · $352K · 54d
- 5. Mountain View Subdivision 1 sold · $350K
July 2026 by property type
How each housing type performed last month — 61 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 61 | 50 | +22.00% | 411 | 334 | +23.05% |
| Median Sale Price | $385,000 | $393,500 | -2.16% | $423,720 | $395,999 | +7.00% |
| Median DOM | 53 | 40 | +32.50% | 55 | 49 | +12.24% |
| Sale-to-List Ratio | 99.13% | 98.18% | +0.97% | 98.97% | 98.46% | +0.52% |
Past months
Browse historical Cedar City reports — each month's snapshot stays at its own permanent URL.
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.