Market analytics · April 2026 archive
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
April 2026 · Market Analysis
Draper homes are closing in 8 days — but rising rates are quietly raising the cost of that speed.
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The defining story in Draper's April 2026 market is how quickly homes are moving off the shelf — median days on market dropped to just 8 in April, down from 30 in March and a winter peak of 71 in January. That pace is sharper than April 2025's already-brisk 12-day median, even as active inventory reached 164 homes compared to 110 a year ago. The speed of closings is real, but it's concentrated: the over-$700K segment — which accounted for 20 of 36 closings — posted a median DOM of just 6 days, while the $400K–$700K band took 16 days.
Market pulse
Median DOM in Draper traced a dramatic arc over the past six months: 33 days in November 2025, rising to 52 in December, then peaking at 71 in January 2026 before compressing sharply to 25 in February, 30 in March, and now 8 in April. New listings accelerated just as sharply — 27 in November, 25 in December, then 44, 38, 67, and 87 in the four months through April — so inventory reached 164 active homes in April, up from 119 in March and 90 in February. The sale-to-list ratio ticked up to 98.76% in April from 98.48% in March, and 13 of 36 closings went above list price, the highest above-list count in the six-month window. Absorption sits at 4.56 months, reflecting the inventory build rather than any softening in buyer demand for well-priced homes.
Mortgage context
The 30-year fixed rate sits at 6.625% as of late May, up 0.375 percentage points over the past 30 days from 6.25% — a meaningful move for a market where median prices remain above $800,000. Rates have climbed 0.43 pp from February's monthly average of 6.19%, which was the softest borrowing cost in the past six months. The trajectory from October 2025 (6.38%) through February's dip and back up through April's 6.42% monthly average tells a choppy story: Draper buyers who locked in February caught a window that has since closed.
Payment math
On a median-priced home today, P&I lands at $4,140/mo at 6.625% — $159/mo more than 30 days ago at 6.25%, and $184/mo above the February low when rates averaged 6.19% and P&I would have been $3,956.
If you're buying
Target homes that have been active for more than 21 days — the 75th-percentile DOM in April was only 23 days, meaning anything sitting past that threshold is already an outlier where sellers are more likely to negotiate. In the $400K–$700K band, where median DOM was 16 days and the median sale came in at $611,250, there is less room to negotiate, but the over-$700K segment in communities like South Mountain and Suncrest is moving in 6 days at the median, so pre-approval and a clean offer structure matter more than price shaving in that tier. With jumbo rates at 7.375%, buyers financing above conforming limits should run the numbers carefully against the 15-year at 5.99% or an FHA/VA option if eligible.
If you're selling
The 8-day median DOM is working in sellers' favor right now, but the 164 active listings — up 38% from March's 119 — means competition is building fast as spring listings continue to arrive. Sellers in South Mountain and Suncrest who price at or just below recent comps are seeing offers within the first week; the 13 above-list closings in April confirm that sharp pricing still triggers competition. Homes that linger past 3 weeks will face a growing pool of alternatives, so condition and first-week pricing discipline matter more than holding out for a number tied to last spring's 99.41% sale-to-list ratio.
Outlook
Active inventory in Draper reached 164 homes in April and new listings ran at 87 for the month — if that new-listing pace continues into May and June, absorption will likely drift above 5 months even if closing volume holds near 36–42 per month. The rate environment adds a headwind: at 6.625% today and a May monthly average tracking toward 6.51%, buyers financing at the median price are carrying $184/mo more than they would have in February, which tends to compress the buyer pool at the $700K–$900K entry point. Seasonality typically supports volume through June, but Draper's mix of Silicon Slopes-adjacent move-up buyers and Traverse Mountain bench properties means any softening in tech-sector hiring would register here before it shows up in broader Salt Lake County data.
Watch for
If new listings continue running above 80 per month through June and the 30-year rate holds above 6.625%, absorption in Draper could climb past 6 months by midsummer, shifting negotiating leverage toward buyers in the $400K–$700K band first.
"Draper's spring sprint: deals close fast, but the rate climb is adding $184/mo since February's low."
Common questions about Draper this month
Is Draper a buyer's or seller's market in April 2026? ▾
It's a split market. The over-$700K segment — South Mountain, Suncrest, and the Traverse Mountain bench — is firmly seller-favored, with a median DOM of 6 days and 13 above-list closings out of 36 total. The $400K–$700K band is more balanced at 16 days on market, and the growing active inventory of 164 homes gives buyers more options than they had in February when only 90 homes were active.
Why did Draper's median sale price drop from $925,000 in March to $808,250 in April? ▾
The mix of closings shifted: April had 14 closings in the $400K–$700K band versus 10 in March, and only 20 closings above $700K versus 25 in March. With 36 total closings, a change of 5 homes in the upper tier is enough to pull the median down by roughly $117,000. The over-$700K median sale price itself — $1,025,000 in April — was broadly consistent with recent months.
How much does it cost to buy a median-priced home in Draper right now? ▾
At the April median sale price of $808,250 and today's 30-year rate of 6.625%, principal and interest runs approximately $4,140 per month on a standard 30-year loan. That's $184/mo more than buyers who closed in February at the 6.19% monthly average would have paid. Buyers using jumbo financing (above conforming limits) face a rate of 7.375%, which adds meaningfully more.
Are homes in South Mountain and Suncrest still competitive in spring 2026? ▾
Yes — both communities appeared in April's top-selling subdivisions. South Mountain posted 4 closings at a median DOM of 7 days and a median sale of $740,000, while Suncrest recorded 2 closings at 11 days and $980,750. These communities have consistently led Draper's monthly top-subdivision lists, reflecting steady demand from buyers who value the I-15 corridor access and the foothills setting.
With inventory rising in Draper, should sellers wait or list now? ▾
The data favors listing sooner rather than later. New listings ran at 87 in April — the highest monthly count in the six-month window — and active inventory climbed from 90 in February to 164 in April. Homes that hit the market in May will face more competition than those that listed in March or April. The current 8-day median DOM and 98.76% sale-to-list ratio still reflect a market that rewards well-priced listings, but those conditions are more likely to soften than tighten as summer inventory builds.
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
36 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 8 · 25th percentile 4 · 75th percentile 23
Needed a price change
Sold listings that had a recorded price change before close
0 of 36 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. South Mountain 4 sold · $740K · 7d
- 2. Tate 2 sold · $1,730K · 1d
- 3. Suncrest 2 sold · $981K · 11d
- 4. Mountain Point 1 sold · $2,144K · 0d
- 5. South Mountain Plat 1 sold · $1,359K · 3d
April 2026 by property type
How each housing type performed last month — 35 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 36 | 33 | +9.09% | 149 | 126 | +18.25% |
| Median Sale Price | $808,250 | $960,000 | -15.81% | $869,440 | $845,127 | +2.88% |
| Median DOM | 8 | 12 | -33.33% | 32 | 27 | +18.52% |
| Sale-to-List Ratio | 98.84% | 99.41% | -0.57% | 98.38% | 98.59% | -0.21% |
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.