Market analytics · May 2026 archive
Grantsville, 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
May 2026 · Market Analysis
Grantsville homes are closing in half the time — but rising rates are rewriting the math for buyers.
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The defining shift in Grantsville's May 2026 market wasn't the price or the volume — it was the speed. The median home went under contract and closed in just 26 days, down sharply from 45 days in April and 51 days in both February and March, and nearly half the 48-day pace recorded in May 2025. That acceleration happened even as active inventory climbed to 135 homes — up from 123 in April and 99 a year ago — suggesting that the homes finding buyers are moving decisively, while a growing share of listings wait longer on the sidelines. Grantsville recorded 29 closings in May, compared to 26 in May 2025, with a median sale price of $629,000 versus $560,408 a year ago.
Market pulse
The days-on-market story in Grantsville has been anything but linear over the past six months. The median sat at 81 days in December 2025, pulled back to 47 in January and held near 51 in both February and March, then dropped to 45 in April before falling sharply to 26 in May — the fastest pace in that entire stretch. At the same time, the sale-to-list ratio slipped from April's 100.17% (where 12 of 31 closings went above asking) to 98.54% in May, with 14 of 29 closings settling below list price. Active inventory has grown steadily from 81 homes in December to 135 in May, and new listings held strong at 46 in May — nearly matching March's 49. The combination of faster closings on a subset of homes and more below-list settlements on others points to a market that is split between well-priced, move-in-ready homes that are moving quickly and listings that are sitting and eventually conceding on price.
Mortgage context
The 30-year fixed rate now sits at 6.75%, up 0.25 percentage points from 6.50% thirty days ago, and well above the February monthly average of 6.19% — the low point of the past seven months. That February-to-now climb of 0.56 percentage points translates directly into a heavier monthly payment for Grantsville buyers financing at today's rates. For buyers who were underwriting deals in February and are now closing in June, the rate environment has shifted meaningfully, and some in the $400,000–$500,000 range — where Deseret Highlands and similar entry-level Grantsville neighborhoods compete — may find their pre-approval math no longer pencils out at the same purchase price.
Payment math
On a median-priced home here — about $629,000 with 20% down — the monthly principal-and-interest payment lands at $3,264 at 6.75% — $83 more than 30 days ago at 6.5%, and $185 above the February low when rates averaged 6.19% and the payment would have been $3,079.
If you're buying
Target homes that have been listed 60 or more days — with 135 active listings and 14 of May's 29 closings settling below asking, there is real room to negotiate on stale inventory, particularly in the $400,000–$700,000 band where Wells Crossing Subdivision and Deseret Highlands homes have historically lingered. The upper quartile of days on market reached 58 days in May, meaning a meaningful share of active listings are already past that threshold — those sellers are the most likely to accept terms below list. If you're financing with a conventional loan at 6.75%, also ask your lender about FHA at 6.25% or VA at 6.25% if you qualify — on a $629,000 purchase, that 0.50-point difference saves roughly $165 per month in principal and interest.
If you're selling
The 26-day median closing pace is genuinely fast, but it's being driven by the best-priced homes — the 14 below-list closings in May tell you that overpriced listings are not getting rescued by the market. Price at or just under recent comparable sales for your neighborhood: Cherry Grove Subdivision closed at a median of $654,000 in May, and Northstar Ranch Subdivision moved at $770,000, so use those as your anchors rather than last spring's peak ratios. Homes priced above $700,000 moved in a median of just 25 days in May, faster than the $400,000–$700,000 band at 44 days, so if you're in that upper range and well-positioned on condition, the demand is there — but only if the price is defensible against what similar Tooele County properties have actually closed for.
Outlook
Over the next 60–90 days, Grantsville buyers should expect continued inventory growth — active listings have climbed every month since December, and with 46 new listings arriving in May alone, the selection will likely keep widening through summer. Rates at 6.75% and climbing will keep some Salt Lake County overflow buyers — who look at Grantsville as a more affordable alternative to Herriman or South Jordan — on the fence, which could soften demand in the $500,000–$600,000 range where competition has been most active. Sellers who price correctly and prepare their homes for the spring-to-summer transition should still find motivated buyers, but the days of every listing clearing at or above list are behind this market for now.
Watch for
If the 30-year fixed rate crosses 7.00%, expect the sale-to-list ratio in Grantsville to drift below 98% and the share of closings settling below list price to climb past 55% — a threshold that would put meaningful downward pressure on list prices in the $400,000–$600,000 range where most of the volume sits.
"Grantsville's fastest closings in months collide with the steepest borrowing costs since last fall."
Common questions about Grantsville this month
Is Grantsville a buyer's or seller's market in May 2026? ▾
It's a split market. Homes priced correctly and in good condition are moving in under 26 days — the median pace in May — and some are still drawing multiple offers. But 14 of 29 closings settled below list price, and 13 involved a prior price reduction, which tells you that overpriced or unprepared listings are sitting. Buyers have more leverage than they did a year ago, especially on homes that have been listed more than 60 days.
Why did Grantsville homes sell so much faster in May than in previous months? ▾
The 26-day median in May is nearly half the 45-day pace from April and well below the 81-day median in December 2025. The most likely explanation is a mix of seasonal demand — spring buyers who had been watching since February finally committing — and a self-selection effect where only the best-priced homes are closing quickly while slower-moving listings skew the active inventory pool. The upper quartile of days on market was still 58 days in May, meaning a significant share of listings are taking much longer.
How much does it cost to buy a median-priced home in Grantsville right now? ▾
The May 2026 median sale price was $629,000. With 20% down ($125,800), the monthly principal-and-interest payment at today's 6.75% rate is $3,264. That's $185 more per month than it would have been in February when rates averaged 6.19%. FHA financing at 6.25% is available for qualifying buyers and would reduce that payment by roughly $165 per month on a similar loan amount.
Are there price reductions happening in Grantsville right now? ▾
Yes — 13 of the 29 homes that closed in May had a price reduction before going under contract. That's a meaningful share (about 45% of closings) and reflects sellers adjusting to buyer resistance, particularly in the $400,000–$700,000 range. Subdivisions like Wells Crossing Subdivision, where the median days on market was 140 days for May closings, show that some listings required significant time and likely price movement before finding a buyer.
How does Grantsville compare to nearby markets for Salt Lake County buyers priced out of the Wasatch Front? ▾
Grantsville's May median of $629,000 is below what comparable square footage typically costs in Herriman or South Jordan, making it a genuine alternative for buyers willing to accept the I-80 commute across Tooele County. The trade-off is a thinner resale market — 29 closings in May versus hundreds in larger Wasatch Front cities — and a growing inventory of 135 active homes that gives buyers more negotiating room than they'd find closer to Salt Lake City.
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
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
29 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 26 · 25th percentile 8 · 75th percentile 58
Needed a price change
Sold listings that had a recorded price change before close
12 of 29 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. Cherry Grove Subdivision 2 sold · $654K · 40d
- 2. Wells Crossing Subdivision 2 sold · $631K · 140d
- 3. Chiekezie Minor Subdivision 1 sold · $824K · 107d
- 4. Blake Mountain View Est 1 sold · $790K · 26d
- 5. Northstar Ranch Subdivision 1 sold · $770K · 25d
May 2026 by property type
How each housing type performed last month — 28 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 29 | 26 | +11.54% | 137 | 103 | +33.01% |
| Median Sale Price | $629,000 | $560,408 | +12.24% | $574,056 | $559,739 | +2.56% |
| Median DOM | 26 | 48 | -45.83% | 44 | 44 | 0.00% |
| Sale-to-List Ratio | 98.54% | 99.66% | -1.12% | 99.26% | 99.60% | -0.34% |
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.