Market analytics · April 2026 archive
Herriman, 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
Herriman's spring listing wave hands buyers more choices — and more negotiating room
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Active inventory in Herriman reached 461 homes in April 2026, climbing from 402 in March, 346 in February, and 315 in January — a steady build that has more than doubled the 251 homes available last April. That supply expansion is reshaping the negotiating table: buyers now have 84% more active listings to choose from than a year ago, yet the sale-to-list ratio actually moved up to 99.52% in April from 97.85% in March, signaling that well-priced homes are still drawing competitive offers. The 83 closings in April edged above April 2025's 74 and came in above the prior 12-month average of 76, so demand is holding even as the shelf of available homes grows.
Market pulse
Active inventory in Herriman has climbed every month since December 2025's low of 262 homes, reaching 461 in April 2026 — a gain of 199 listings in four months. New listings followed the same trajectory, moving from 70 in December to 114 in January, 109 in February, 141 in March, and 158 in April, reflecting the typical spring permitting and listing cycle across Herriman's master-planned communities like Rosecrest, Mountain Ridge, and the newer Mardam Ranch and Teton Ranch corridors. Median days on market compressed sharply — from 72 days in February to 40 in March and 41 in April — suggesting that fresh, well-priced listings are moving quickly even as older inventory accumulates. The sale-to-list ratio recovered to 99.52% in April after dipping to 97.85% in March, and 24 of 83 closings went above list price, the most in six months.
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 that adds roughly $122/month in principal and interest on a median-priced Herriman home. Rates climbed 0.43 percentage points from February's monthly average of 6.19% — the softest borrowing costs in the past six months — to today's 6.625% spot rate, erasing much of the affordability window that briefly opened earlier this year. For buyers eyeing the $565,000 median in the $400K–$700K band, the rate trajectory is a real constraint, particularly for those stretching to qualify.
Payment math
On a median-priced home today, P&I lands at $3,176/mo at 6.625% — $122/mo more than 30 days ago at 6.25%, and $141/mo above the February low when rates averaged 6.19% and P&I would have been $3,035.
If you're buying
Target homes that have been sitting 60 or more days — the Capitol Reef and Mt Rainier segments both showed median DOM above 84 and 112 days respectively in April, and the sale-to-list ratio on stale inventory is running closer to 96–97% rather than the 99.52% market average, leaving real room to negotiate. With 461 active listings and new supply arriving at 158 homes per month, buyers who are pre-approved and patient can afford to be selective; the days of waiving every contingency to compete are largely behind us in Herriman's current inventory environment. If you're considering the $400K–$700K band — where 45 of 83 April closings landed — focus on homes in Herriman Towne Center or the Miller area that have had at least one price reduction, as those sellers have already signaled flexibility.
If you're selling
Price to the current market, not to April 2025's 100.21% sale-to-list ratio — that environment is gone, and homes listed above recent comps in Rosecrest or Mountain Ridge are sitting well past the 40-day median. The good news is that correctly priced homes in the $700K-plus range are moving in a median of 39 days with a median sale of $910,232, so condition and presentation matter more than ever at that price point. If your home is in the under-$400K segment — where median DOM hit 148 days in April — consider pricing aggressively from day one rather than chasing the market down with reductions, as that band is the slowest-moving in Herriman right now.
Outlook
With 158 new listings arriving in April and the spring permitting cycle typically running through October, active inventory in Herriman is likely to keep climbing into June and July, which should sustain buyer leverage on older and overpriced listings. Rate headwinds are real — the 30-year has moved from 6.19% in February to 6.625% today, and May's monthly average of 6.51% shows no clear retreat — which will keep some move-up buyers on the sidelines and put continued pressure on the under-$400K segment where affordability is tightest. Buyers priced out of Herriman's upper bands may increasingly look at neighboring Saratoga Springs or Eagle Mountain, where new-construction builder inventory offers comparable square footage at lower entry points.
Watch for
If the 30-year fixed rate crosses 7%, expect Herriman's months-of-supply to climb past 7 and the sale-to-list ratio to slip back below 97%, particularly in the $400K–$700K band where most closings are concentrated.
"More homes, sharper competition at list price — Herriman's spring 2026 is a study in split signals."
Common questions about Herriman this month
Is Herriman a buyer's or seller's market in April 2026? ▾
It's a mixed picture. Active inventory has climbed to 461 homes — 84% more than April 2025's 251 — which gives buyers meaningful selection and negotiating room on older listings. At the same time, the sale-to-list ratio rose to 99.52% and 24 of 83 closings went above list price, so well-priced, move-in-ready homes in Rosecrest or Teton Ranch are still drawing multiple offers. The market favors buyers on stale inventory and sellers on fresh, correctly priced listings.
Why are there so many more homes for sale in Herriman than last year? ▾
New listings have been running well above year-ago levels since January 2026, reaching 158 in April alone compared to 98 in April 2025. Much of this reflects continued new-construction activity in master-planned communities like Mardam Ranch and Mountain Ridge, as well as some move-up sellers who held back during the rate spike of late 2023–2024 and are now listing. The result is a steady inventory build that has pushed active listings from 262 in December 2025 to 461 in April 2026.
How much does the current mortgage rate affect a Herriman home purchase? ▾
At today's 30-year rate of 6.625%, principal and interest on a median-priced Herriman home runs approximately $3,176 per month. That's $141 more per month than buyers would have paid in February when rates averaged 6.19% and P&I was $3,035. The rate has also moved up $122/mo just in the past 30 days, so buyers who were pre-approved 45–60 days ago should recheck their qualification numbers before making offers.
Which Herriman neighborhoods are selling fastest right now? ▾
In April 2026, Rosecrest led with 7 closings at a median of $850,000 and a median DOM of just 19 days — the fastest of any top subdivision. Teton Ranch also moved quickly at 29 median days with a median sale of $919,995. By contrast, Mt Rainier recorded 13 closings but at a median DOM of 112 days and a median sale of $439,900, reflecting the slower pace in the entry-level and attached-home segment.
Should I wait for rates to drop before buying in Herriman? ▾
Rates have moved from a recent low of 6.19% in February to 6.625% today, and May's monthly average of 6.51% shows no clear downward trend. Meanwhile, active inventory is growing — 461 homes in April versus 251 a year ago — so waiting does give you more selection. The trade-off is that if rates stay elevated and inventory keeps building, some sellers may become more flexible on price; but if rates drop, competition typically picks back up quickly. Buyers who can qualify comfortably at today's rate and find a home that fits their needs have less to gain from waiting than those who are stretching to qualify.
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
83 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 41 · 25th percentile 8 · 75th percentile 107
Needed a price change
Sold listings that had a recorded price change before close
1 of 83 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. Mt Rainier 13 sold · $440K · 112d
- 2. Rosecrest 7 sold · $850K · 19d
- 3. Mardam Ranch 4 sold · $931K · 47d
- 4. Teton Ranch 4 sold · $920K · 29d
- 5. Capitol Reef 4 sold · $643K · 84d
April 2026 by property type
How each housing type performed last month — 83 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 83 | 74 | +12.16% | 282 | 258 | +9.30% |
| Median Sale Price | $619,990 | $609,500 | +1.72% | $614,512 | $613,060 | +0.24% |
| Median DOM | 41 | 19 | +115.79% | 52 | 43 | +20.93% |
| Sale-to-List Ratio | 99.73% | 100.21% | -0.48% | 98.61% | 99.42% | -0.81% |
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.