Market analytics · April 2026 archive
Farmington, 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
Farmington closings accelerate sharply in April as the over-$700K segment leads the sprint.
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The defining story of April 2026 in Farmington is how quickly homes moved off the market. Median days on market dropped from 15 in March to just 8 in April — a 47% acceleration — while 23 homes closed compared to 21 in April 2025. The over-$700K segment was the engine: 13 of those 23 closings came from that price band, with a median DOM of only 6 days, signaling that well-priced upper-tier homes near Farmington's Chestnut Farms and Brentwood Estates corridors are drawing committed buyers with little hesitation.
Market pulse
The six-month DOM arc in Farmington tells a clear story: median days on market peaked at 62 in December 2025, then fell steadily — 26 in January, 28 in February, 15 in March, and 8 in April 2026. Active inventory has been climbing in parallel, moving from 45 homes in December to 68 in April, with 38 new listings entering in April alone (up from 31 in March and 17 in February). The sale-to-list ratio held at 98.66% in April, essentially flat with March's 98.93%, suggesting sellers are pricing close to market but not commanding the near-100% ratios seen in January and February. Sold volume of 23 closings in April is modestly above the prior 12-month average of 20, confirming that demand is present even as inventory builds.
Mortgage context
The 30-year conventional rate sits at 6.625% as of late May, up 0.375 percentage points over the past 30 days from 6.25% — a meaningful jump that adds real dollars to monthly payments on Farmington's median-priced home. Rates have climbed 0.43 percentage points since February's monthly average of 6.19%, which was the softest borrowing environment of the past six months. That February window has closed, and buyers who were pre-approved at that level may need to revisit their numbers before writing offers on homes in the $700K–$1M range that are now moving in under a week.
Payment math
On a median-priced home today, P&I lands at $3,676/mo at 6.625% — $141/mo more than 30 days ago at 6.25%, and $163/mo above the February low when rates averaged 6.19% and P&I would have been $3,513.
If you're buying
Target homes in the $400K–$700K band that have been sitting past 18 days — the median DOM for that segment was 18 days in April, and the sale-to-list ratio across the broader market is running below 99%, meaning there is room to negotiate. Station Park condos and townhomes have been a consistent source of inventory; five closed there in April with a median DOM of 8 days, so move quickly on anything fresh, but don't hesitate to push on anything listed before mid-month. With rates up 0.375 points in 30 days, locking sooner rather than later is a concrete financial decision, not a platitude — that $141/mo difference compounds over a 30-year loan.
If you're selling
The over-$700K segment is your best friend right now: 13 closings in April at a median DOM of just 6 days shows that qualified buyers are active and decisive in Farmington's upper tier. Price within 2% of recent comps from March and April — homes that needed price reductions (only 1 in April) are the exception, not the rule, but the 12 closings below list price signal that overpricing still stalls deals. If your home is in the Farmington Ranches or Mountain View Estates area, lean on the sub-10-day DOM story in your marketing; the data supports it and it creates urgency without manufactured pressure.
Outlook
Over the next 60–90 days, Farmington's inventory will likely continue building as the spring listing season — which saw new listings jump from 17 in February to 31 in March to 38 in April — runs through its peak. If that pace holds into May and June, buyers will have more choices than they did in the tight winter window, which could nudge DOM back up from April's 8-day pace toward the 15–20 day range seen in prior springs. Rates trending above 6.5% will apply the most pressure to the $400K–$700K segment, where buyers are more rate-sensitive; the over-$700K segment, which has shown consistent sub-10-day velocity, is likely to remain competitive as long as Hill AFB employment in the broader Davis County corridor stays stable.
Watch for
If the 30-year rate crosses 7% before summer, expect the $400K–$700K band — which already carries an 18-day median DOM versus 6 days for the over-$700K tier — to soften further, with months-of-supply in that segment potentially climbing past 4.5 as affordability-constrained buyers pause.
"Farmington's spring speed-up: median days on market collapsed from 15 to 8 as luxury homes led the charge."
Common questions about Farmington this month
Is Farmington a buyer's or seller's market in April 2026? ▾
It's a split market by price band. Homes above $700K are firmly seller-favored — 13 closed in April with a median DOM of just 6 days, and several sold above list price. The $400K–$700K range is more balanced, with a median DOM of 18 days and 10 of those 10 closings spread across a wider range of negotiating outcomes. Active inventory of 68 homes gives buyers more options than the winter months, but well-priced homes are still moving quickly.
How does April 2026 compare to April 2025 in Farmington? ▾
Closings ticked up slightly — 23 in April 2026 versus 21 in April 2025. The bigger shift is in speed: median DOM was 8 days this April compared to 19 days in April 2025, meaning homes are moving more than twice as fast year-over-year. The median sale price also moved from $658,475 in April 2025 to $717,690 in April 2026, and the sale-to-list ratio edged down from 99.29% to 98.66%, suggesting buyers have a slightly better negotiating position despite the faster pace.
What are mortgage rates doing to affordability in Farmington right now? ▾
Rates have climbed 0.43 percentage points since February's monthly average of 6.19% to a current spot rate of 6.625%, pushing the principal-and-interest payment on a median-priced Farmington home to $3,676/mo — $163 more per month than at February's low. The 30-day move alone added $141/mo. For buyers targeting the $500K–$650K range, that rate shift meaningfully affects qualifying income thresholds and is worth recalculating with a lender before making an offer.
Which Farmington neighborhoods are seeing the most activity? ▾
Station Park led all subdivisions in April with 5 closings at a median DOM of 8 days and a median sale price of $717,690, consistent with its pattern as Farmington's most active community over the past year. Brentwood Estates posted a notable $2,625,000 close in April, and Mountain View Estates and Miller Meadows each contributed upper-tier closings. Buyers looking for value relative to the broader market may find more negotiating room in the $400K–$700K band, where Farmington Crossing and Farmington Greens have historically offered more days-on-market cushion.
Should I wait for more inventory before buying in Farmington? ▾
Inventory is building — active listings grew from 45 in December 2025 to 68 in April 2026, and 38 new listings entered in April alone. That trend is likely to continue through May and June as the spring listing season peaks. However, waiting also means absorbing any further rate increases: the 30-year rate is already up 0.375 points in the past 30 days, and each additional quarter-point adds roughly $35–$40/mo on a $700K loan. If you're targeting the over-$700K segment, waiting for more inventory may not help much — those homes are moving in under a week regardless.
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
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 8 · 25th percentile 5 · 75th percentile 57
Needed a price change
Sold listings that had a recorded price change before close
1 of 23 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. Station Park 5 sold · $718K · 8d
- 2. Brentwood Estates 1 sold · $2,625K · 0d
- 3. Spring Creek 1 sold · $1,450K · 63d
- 4. Mountain View Estates 1 sold · $1,055K · 11d
- 5. Miller Meadows 1 sold · $1,000K · 2d
April 2026 by property type
How each housing type performed last month — 23 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 21 | +9.52% | 68 | 80 | -15.00% |
| Median Sale Price | $717,690 | $658,475 | +8.99% | $652,874 | $633,812 | +3.01% |
| Median DOM | 8 | 19 | -57.89% | 18 | 24 | -25.00% |
| Sale-to-List Ratio | 98.66% | 99.29% | -0.63% | 99.33% | 98.97% | +0.36% |
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.