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
August 2026 · Market Analysis
Cedar City's price rebound collides with inventory near Three Peaks and Iron West.
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Cedar City's median sale price jumped to $480,000 in August from $381,500 in July, a 25.8% one-month move, but it's a smaller sample telling that story — just 55 closings, the lightest since February. Active inventory kept climbing anyway, reaching 393 homes, up from 360 in July and 337 in June, while new listings eased to 93 from July's 88. That combination — fewer closings, more price swings, more homes sitting unsold near corridors like Three Peaks and the Cross Hollow Hills area — looks more like a market catching its breath than one turning a corner.
Market pulse
Closings have swung from 82 in June down to 62 in July and 55 in August, while active inventory has climbed every single month since January's 234, now sitting at 393. Median days on market moved from 34 in May to 43 in June, 53 in July, and 60 in August — buyers are taking longer to commit even as new listings slowed to 93 from July's 88. Sale-to-list ratio slipped to 97.79% in August from July's 99.15%, the lowest reading of the past six months, and at August's pace it would take roughly 7 months to sell everything currently listed.
Mortgage context
The 30-year averaged 6.16% back in February and has climbed in five of the six months since, reaching 6.77% in August and 6.875% as of early September. That 0.71 percentage point climb from February's low is pushing monthly payments up for anyone financing in Cedar City right now, and it's part of why closings have stayed under 60 while inventory keeps building.
Payment math
A median-priced Cedar City home now runs $480,000, and financing that with 20% down at today's 6.875% rate means a $2,523 monthly principal-and-interest payment — $32 more than the $2,491 payment thirty days ago at 6.75%, and $181 above the $2,342 payment buyers locked in back in February 2026 when rates averaged 6.16%.
If you're buying
Target homes sitting past 60 days — the median days on market — since sellers there are more likely to negotiate; in August 35 of 55 closings sold below list. In the under-$400K band, days on market stretched to 68, so bring a firm number and don't chase the list price. Watch Iron Willows and other Cedar Meadows-area subdivisions where price cuts have been common this summer (25 of August's 55 sales had a prior price change).
If you're selling
With sale-to-list at 97.79% and 8 months of supply building at this pace, price to last month's closed numbers, not to what's still sitting active. Homes in Equestrian Pointe and Legacy Park-area subdivisions that closed near list did so with realistic starting prices — 143 and 175 days on market elsewhere show what happens when sellers overreach. If you're above $700K, expect a longer runway; that band's median days on market hit 64 in August.
Outlook
Expect inventory to keep building through the fall unless new listings drop off faster than closings recover — Cedar City typically sees fewer new listings once the SUU academic calendar settles and cooler weather arrives. Rates near 6.875% will keep monthly payments elevated, which should keep the sale-to-list ratio drifting toward the high-96% to 97% range rather than back toward July's 99%. Buyers priced out of the $400,000-to-$700,000 band, where 21 homes closed at a $549,000 median in August, may look toward smaller Iron County communities like Enoch for relief.
Watch for
If new listings stay below 95 a month while closings hold near 55, months of supply likely climbs from the current 7.15 toward 8 or higher by November, tilting more leverage to buyers.
"Cedar City's price bounced back, but the shelf of unsold homes kept growing."
Common questions about Cedar City this month
Is Cedar City a buyer's or seller's market in August 2026? ▾
Leverage has shifted toward buyers. Active inventory reached 393 homes in August, its sixth consecutive monthly increase, while the sale-to-list ratio fell to 97.79% from July's 99.15% and closings dropped to 55 from July's 62. At the current pace it would take roughly 7 months to sell everything on the market.
Why did the median sale price jump so much in one month? ▾
The median sale price climbed to $480,000 in August from $381,500 in July, a 25.8% move, but that's on just 55 closings, the lightest month since February. A smaller sample with a few higher-priced sales, including 10 homes over $700,000, can swing the median more than it would in a typical 60-plus-sale month.
How much has the mortgage rate climb affected monthly payments in Cedar City? ▾
On the $480,000 median home with 20% down, the monthly principal-and-interest payment is $2,523 at today's 6.875% rate, up $32 from thirty days ago and $181 above the $2,342 payment buyers had access to in February when rates averaged 6.16%. That's a real difference for anyone financing near the median price.
Are homes selling above asking price in Cedar City right now? ▾
Not often. Only 12 of August's 55 closings sold above list price, while 35 sold below list — the sale-to-list ratio of 97.79% is the lowest of the past six months. Sellers pricing to last spring's near-99% ratios are likely to see their homes sit.
Which neighborhoods are seeing the most activity in Cedar City this month? ▾
August's closings were spread thin across smaller subdivisions rather than concentrated in one area, with Legacy Park, Equestrian Pointe, and Mesa Hills each posting a single sale. Days on market varied widely by area — Legacy Park's sale took 175 days while a home with no listed subdivision closed in just 3.
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
August 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
58 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 60 · 25th percentile 20 · 75th percentile 106
Needed a price change
Sold listings that had a recorded price change before close
27 of 58 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. Legacy Park Subdivision 1 sold · $826K · 175d
- 2. Mesa Hills 1 sold · $700K
- 3. Equestrian Pointe Subdivision 1 sold · $623K · 143d
- 4. Cedar Willows Subdivision 1 sold · $360K
- 5. Old Sorrel Ranch 1 sold · $310K
August 2026 by property type
How each housing type performed last month — 57 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 58 | 54 | +7.41% | 469 | 388 | +20.88% |
| Median Sale Price | $497,500 | $392,450 | +26.77% | $432,300 | $395,505 | +9.30% |
| Median DOM | 60 | 47 | +27.66% | 56 | 48 | +16.67% |
| Sale-to-List Ratio | 97.82% | 98.40% | -0.59% | 98.84% | 98.45% | +0.40% |
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.