Market analytics · October 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
October 2026 · Market Analysis
Herriman buyers gain leverage as 478 listings meet 73 closings
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Herriman's housing market tilted toward buyers in October, with 73 closings against 478 homes for sale and a median home price of $560,000. A year ago 98 homes closed at a median $629,005, and only 264 were listed. Sellers are asking far more than buyers pay: the median list price reached $646,945, so go by what has closed. Even so, homes that sold went for 99.6% of list, up from 98.1% in September.
Market pulse
Closings fell 20.7% in October, from 92 in September to 73. Active listings climbed from 389 in May to 478, and at October's pace it would take about 6.5 months to sell them all. Median days on market rose to 52 from 47 in September. Capitol Reef carried the volume with 14 sales at a median $368,450 after 141 days, while Mt Rainier closed 12 at $497,840 after 85 days.
Mortgage context
Under $400,000, 16 of October's 73 closings were on homes that took a median 103 days to sell, so buyers in that range are the most rate-sensitive here. The 30-year rate has eased 0.375 percentage points over the past 30 days, which helps a little. The $400,000 to $700,000 range, with 36 closings at a median 34 days, is where that relief gets used.
Payment math
Financing Herriman's $560,000 median home with 20% down costs $3,094 a month in principal and interest at 7.375%, which is $115 less than the $3,210 it would have been 30 days ago at 7.75%, but still $286 above April's low of $2,808 when rates averaged 6.42%.
If you're buying
Look in Capitol Reef, where homes took a median 141 days to sell in October, and Mt Rainier at 85 days. Long-listed homes there are where a price cut or seller-paid rate buydown is realistic. Over $700,000, 21 homes sold at a median $871,250 after 59 days, so those listings also give you time to negotiate.
If you're selling
Price to what has closed, not to the $646,945 median asking price. Homes sold near $560,000 at 99.6% of list, so a fair price still sells. In South Hills, three homes closed at a median $435,000 in 6 days, which shows well-priced starter homes move. Across Herriman, 30 of the 73 sales took a price cut first, so start at the right number.
Outlook
Winter normally brings fewer showings and fewer new listings, so inventory could stay near 478 even if closings slow further. Rates are lower than a month ago, which may bring some buyers back. Sellers should expect longer waits through December.
Watch for
If closings stay near 73 a month while new listings hold above 110, supply could pass 7 months by January.
"Herriman's October: fewer buyers, more homes, and sellers asking too much"
Common questions about Herriman this month
What is the median home price in Herriman? ▾
The median home price in Herriman was $560,000 in October 2026, down from $629,005 a year earlier. The average sale price was $599,432. It runs higher because 21 sales over $700,000 closed at a median $871,250. The median list price was $646,945, well above what homes actually sold for.
Is Herriman a buyer's or seller's market? ▾
Herriman leans toward buyers in October 2026. There were 478 active listings, about 6.5 months of supply, and homes took a median 52 days to sell. Sale-to-list was 99.6%, so well-priced homes still close near asking.
How much is my Herriman home worth? ▾
Herriman homes sold for a median $560,000 in October 2026, at 99.6% of list price. Homes took a median 52 days to sell. Your own home's value depends on recent sales of similar homes nearby, especially in your subdivision.
How have mortgage rates changed the monthly payment in Herriman? ▾
At 7.375%, principal and interest on a $560,000 home with 20% down is $3,094 a month. That is $115 less than 30 days ago. It is still $286 more than in April, when it was $2,808.
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
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
75 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 51 · 25th percentile 6 · 75th percentile 94
Needed a price change
Sold listings that had a recorded price change before close
30 of 75 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 neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Capitol Reef 14 sold · $368K · 141d
- 2. Mt Rainier 12 sold · $498K · 85d
- 3. Cove At Herriman Springs 3 sold · 56d
- 4. Mountain Ridge 3 sold · 63d
- 5. Camden Commons 3 sold · 0d
- 6. South Hills 3 sold · 6d
- 7. Big Bend 2 sold · 0d
- 8. Herriman Towne Center 2 sold · 22d
October 2026 by property type
How each housing type performed last month — 75 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 75 | 98 | -23.47% | 856 | 750 | +14.13% |
| Median Sale Price | $570,000 | $629,005 | -9.38% | $586,347 | $612,700 | -4.30% |
| Median DOM | 51 | 43 | +18.60% | 48 | 39 | +23.08% |
| Sale-to-List Ratio | 99.58% | 98.29% | +1.31% | 98.78% | 99.19% | -0.41% |
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.