Market analytics · July 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
July 2026 · Market Analysis
Grantsville's active listings top 161 as Tooele County sellers outrun a thin buyer pool.
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Active listings in Grantsville jumped to 161 in July, up from 115 in June and more than double last July's 78 — the clearest sign yet that supply is outrunning demand here. Only 13 homes closed this month, the lightest since last November and well under the 24-sale monthly average of the past year, so the market read this month leans on inventory and pace, not on the sale price. New listings hit 65, nearly double June's 37, while closings kept sliding — that gap is the story of the month.
Market pulse
Active inventory has climbed every month since February's 88 — to 97 in April, 100 in May, 115 in June, and now 161 in July, a run that has no seasonal parallel in the past year. New listings kept pace, jumping from 37 in June to 65 in July, even as closings fell from 30 in May to 17 in June to just 13 in July. Days on market actually tightened, with the median dropping from 39 in June to 28 in July, but with so few closings that number reflects a small group of fast, motivated sales rather than the shelf of 161 homes still sitting. The sale-to-list ratio ticked up to 101.27%, tied for the tightest reading of the past six months, though it's built on the smallest sample in that stretch.
Mortgage context
The 30-year averaged 6.19% back in February and has climbed steadily since — 6.42% in April, 6.55% in May, 6.66% in June, and 6.79% in July — before settling at today's spot rate of 6.75%, flat over the past 30 days. That climb is a bigger drag on affordability here than any 30-day move: buyers financing the $465,000 median home are paying real money more than they were five months ago, even with rates holding steady this month.
Payment math
Financing the $465,000 median home here with 20% down runs $2,412 a month at today's 6.75% rate — unchanged from 30 days ago when rates were also 6.75% — but that's $137 more than the $2,275 payment buyers locked in back in February 2026, when rates averaged 6.19%.
If you're buying
With active listings up to 161 — more than double last July's 78 — you have real leverage for the first time in over a year. Focus on homes past the 29-day median in the $400-700K band, like the ones trailing in Matthews Meadows, where this month's two closings took a median 50 days; sellers there are more open to negotiating than the headline sale-to-list ratio suggests. Don't assume every listing is a bidding war just because 8 of July's 13 closings sold above list — those were mostly quick-turn homes under 12 days, not the norm.
If you're selling
With 161 homes competing for a buyer pool that closed only 13 deals in July, price to the $495,950 median in the $400-700K band rather than chasing spring numbers — homes near Northstar Ranch sat a median 372 days this cycle, a warning sign for overpriced listings. If your home isn't moving in under 30 days, a price adjustment now beats waiting through Tooele County's slower fall season.
Outlook
Expect inventory to keep climbing through August unless new listings slow from July's pace of 65 — sellers competing with the Wells Crossing and Cherry Wood subdivisions for buyer attention will need to price sharply to stand out among 161 active listings. Buyers weighing Grantsville against Tooele or a longer I-80 commute back toward Salt Lake City should watch whether closings recover from July's 13; if they stay this thin into September, sellers will have to concede more on price to move inventory before the market cools for winter.
Watch for
If new listings keep outpacing closings at July's rate — 65 new versus 13 sold — active inventory could push past 200 by September, forcing sellers competing near Matthews Meadows and Northstar Ranch to cut prices to move stale listings before the fall slowdown.
"Grantsville's shelf fills up while the checkout line thins out."
Common questions about Grantsville this month
Is Grantsville a buyer's or seller's market in July 2026? ▾
Inventory says buyer's market — 161 active listings is up from 115 in June and more than double last July's 78 — but the 13 homes that did close sold at 101.27% of list price, tighter than any month since February. The disconnect comes from a thin closing sample: only 13 sales this July versus a 24-sale monthly average over the past year, so that sale-to-list number reflects a handful of quick, well-priced deals, not the full shelf of 161 homes sitting.
Why did the median sale price drop to $464,900 in July? ▾
Closings fell to just 13 this month, the lightest since November's 13, and with that few sales the median swings on which homes happen to close rather than any citywide repricing. Under-400K sales like the pair near Sun Sage Terrace pulled the median down; June's median was $515,000 and May's was $598,000, so treat July's number as noisy rather than a clean trend.
How much has the mortgage rate climbed since spring, and what does it mean for payments here? ▾
The 30-year averaged 6.19% back in February and now sits at 6.75%, a 0.56 percentage point climb. On the $465,000 median home here, that pushes the monthly principal-and-interest payment from $2,275 in February to $2,412 today — real money for buyers weighing homes near Pioneer Crossing versus commuting from Tooele proper.
Why are so many more homes for sale in Grantsville right now? ▾
New listings hit 65 in July, up from 37 in June and 16 a year ago in July 2025, while closings actually fell to 13. That's the gap driving the inventory count from 115 to 161 in a single month — sellers are listing faster than buyers are closing, which is the definition of a market shifting toward buyers.
Are homes selling fast or slow in Grantsville this summer? ▾
The median days on market actually dropped to 28 in July from 39 in June, and the fastest quarter of homes closed in just 4 days — but that speed reflects a small, motivated group of closings, not a citywide race. With sold_count at roughly half the typical monthly pace, the days-on-market figure should be read as 13 individual stories rather than a market-wide verdict.
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
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
13 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 28 · 25th percentile 4 · 75th percentile 49
Needed a price change
Sold listings that had a recorded price change before close
4 of 13 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. Matthews Meadows 2 sold · $591K · 50d
- 2. Palomino Ranch 1 sold · $900K · 2d
- 3. Sun Sage Terrace Subdivision 1 sold · $649K · 29d
- 4. South Willow Estates 1 sold · $575K
- 5. Northstar Ranch 1 sold · $527K · 372d
July 2026 by property type
How each housing type performed last month — 12 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 13 | 32 | -59.38% | 169 | 160 | +5.63% |
| Median Sale Price | $464,900 | $562,767 | -17.39% | $556,116 | $569,353 | -2.32% |
| Median DOM | 28 | 46 | -39.13% | 44 | 44 | 0.00% |
| Sale-to-List Ratio | 101.27% | 98.22% | +3.11% | 99.37% | 99.31% | +0.06% |
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.