Market analytics
Draper, 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
Draper sellers wait twice as long as inventory tops 197 near South Mountain
Get this report emailed every month
✓ You're in — see you next month.
Homes in Draper took a median 58 days to sell in August 2026, more than double July's 26 and a sharp break from the 8-day pace back in April and May. Only 30 homes closed against 197 active listings — the highest inventory level in this six-month stretch, up from 173 in July and 75 back in February — while just 2 of those 30 sales closed at or above asking price. That combination points to a market that has shifted toward buyers since spring, even though August's median sale price of $935,812 looks strong on paper.
Market pulse
Active inventory has climbed every month since February's 73 — to 90 in March, 116 in April, 120 in May, 146 in June, 173 in July, and now 197 in August — while closings have moved the opposite direction, from 42 in May to 31 in June to 25 in July and 30 in August. Days on market followed the same arc: 8 in April and May, 14 in June, 26 in July, and 58 in August. The sale-to-list ratio slipped to 97.02% in August, down from 99.75% in May, and only 2 of 30 August closings sold at or above list compared with 15 above list back in April. Bellevue and Park both appear among August's top subdivisions with sales well above $1 million, showing the higher end of the market is still transacting even as speed slows.
Mortgage context
The 30-year rate averaged 6.77% in August and now sits at 6.875%, up 0.125 percentage points over the past 30 days from 6.75%. Rates have climbed steadily since February's 6.16% average, adding real cost to financing a home near Draper's median price and giving buyers one more reason to negotiate rather than rush.
Payment math
A $936,000 median-priced home with 20% down runs $4,918 a month in principal and interest at today's 6.875% rate, $62 more than the $4,856 payment 30 days ago when rates stood at 6.75%. That's $352 above the $4,566 payment buyers would have locked in back in February 2026, when the 30-year averaged 6.16%.
If you're buying
Median days on market hit 58 in August, and the top quarter of closings took 94 days or more — so there's no reason to rush an offer. Look hard at homes priced $700K and up, where 26 of 30 closings sold below list and only 2 sold at or above asking. In Bellevue and similar higher-priced pockets, treat the list price as a starting point for negotiation, not a target.
If you're selling
With 197 homes active against just 30 sales, competition is the highest it's been in this six-month stretch, so pricing close to recent closed prices matters more than testing the market. Homes in the $400K-$700K band sat a median 103 days in August — if you're in that range, price to last month's comparable sales, not to what South Mountain or Suncrest sold for in the spring. Expect to negotiate: only 4 of August's 30 closings sold at or above list.
Outlook
With 197 homes active and closings running below the 38-per-month average of the past year, expect days on market to stay elevated into fall unless new listings pull back from August's 66. Rates near 6.875% and climbing toward 6.88% in early September will likely keep some buyers on the sideline, particularly in the $400K-$700K band where August's median days on market hit 103. Sellers who price to recent closed comparables rather than spring's faster pace should still find buyers, just with more negotiation on price.
Watch for
If active listings keep climbing past 197 while closings hold near 30 a month, the sale-to-list ratio likely drifts toward 96% by fall as sellers compete harder for a shrinking buyer pool.
"Draper's patience test: homes now take twice as long to sell"
Common questions about Draper this month
Is Draper a buyer's or seller's market in August 2026? ▾
The data points toward buyers. Active listings reached 197, the highest level in this six-month stretch, while only 30 homes closed and just 2 sold at or above list price. Median days on market climbed to 58, more than double July's 26, giving buyers more room to negotiate than they've had since spring.
Why did Draper's median sale price jump in August if the market is slowing? ▾
August's median of $935,812 was driven by a handful of very high-priced closings, including sales above $2.5 million in Bellevue, Park, and Hickory Ridge subdivisions. With only 30 total sales, a few luxury closings can pull the median up even as the broader market cools, so this figure shouldn't be read as typical home appreciation.
How much has the 30-year mortgage rate affected monthly payments in Draper? ▾
At today's 6.875% rate, principal and interest on a $936,000 median-priced home with 20% down runs $4,918 a month, up $62 from 30 days ago and $352 above what buyers paid in February 2026 when rates averaged 6.16%. That climb has coincided with softer sale-to-list ratios and slower closings this summer.
Which Draper neighborhoods are still selling quickly in August 2026? ▾
Most subdivisions saw longer waits in August, but a few higher-priced sales moved fast, including a Park subdivision home that closed with zero days on market. Overall, though, the p25 days-on-market figure of 5 days shows a small share of homes still sell quickly, while the majority are taking much longer.
Should sellers in the $400K-$700K range in Draper drop their price? ▾
That price band saw a median of 103 days on market in August, the slowest of any price group, with only 5 sales closing. Pricing close to July and August's closed comparables, rather than spring 2026 levels, is likely necessary to attract offers in that range right now.
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
30 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 58 · 25th percentile 5 · 75th percentile 94
Needed a price change
Sold listings that had a recorded price change before close
13 of 30 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. Bellevue 2 sold · $1,246K · 91d
- 2. Cove In Cornercanyon 1 sold · $5,750K
- 3. Park 1 sold · $4,886K · 0d
- 4. Viking Court 1 sold · $3,714K
- 5. Hickory Ridge 1 sold · $2,565K · 108d
August 2026 by property type
How each housing type performed last month — 26 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 30 | 50 | -40.00% | 279 | 317 | -11.99% |
| Median Sale Price | $935,812 | $698,750 | +33.93% | $837,508 | $842,139 | -0.55% |
| Median DOM | 58 | 36 | +61.11% | 28 | 27 | +3.70% |
| Sale-to-List Ratio | 97.02% | 98.75% | -1.75% | 98.44% | 98.34% | +0.10% |
Past months
Browse historical Draper 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.