Market analytics
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
June 2026 · Market Analysis
Herriman sellers face more competition as June closings jump to 99 with inventory at 473
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June 2026 brought 99 closings in Herriman, the most in the past 13 months and up from 82 in May and 71 a year ago in June 2025. The days-on-market figures for June show p25 at 0, median at 0, and p75 at 17 — a sign that many June closings hadn't finished timestamping their full listing history at the time this data was pulled, not that homes are actually selling instantly. What's reliable this month: active inventory reached 473, new listings held at 151, and 50 of the 99 sales closed below list price against just 15 above.
Market pulse
Active inventory has climbed every month since December's 243, reaching 295 in January, 317 in February, 364 in March, 401 in April, 445 in May, and 473 in June. Sold counts followed an uneven path — 52 in January, 72 in February, 75 in March, 83 in April, 82 in May, then a jump to 99 in June, the strongest month in the past year and above the prior 12-month average of 76. The sale-to-list ratio has drifted down from April's 99.73% to May's 99.31% and June's 98.87%, and June's mix shifted toward discounts: 50 sales below list versus 15 above, compared with 24 and 24 in April. Thirty-eight of June's 99 sales carried at least one price cut before closing, the clearest sign yet that sellers are adjusting to a market absorbing more supply than it did in the winter.
Mortgage context
The 30-year averaged 6.19% in February, climbed to 6.55% in May and 6.66% in June, and now sits at 6.75% today with no movement over the past 30 days. That 0.56 percentage-point climb since February's low is showing up in what buyers can afford at the same price point, even as local closings hold near the year's pace.
Payment math
A $578,000 median-priced Herriman home financed with 20% down runs $2,998 a month in principal and interest at today's 6.75% rate — unchanged from 30 days ago when rates were also 6.75%, but $170 above the $2,828 payment buyers locked in back in February 2026 when the 30-year averaged 6.19%.
If you're buying
With 473 homes active and 99 closings in June, the widest choice of the year is on the table — 58 of those sales landed in the $400,000-$700,000 band at a median $564,500. Ask for days-on-market history directly from the listing agent rather than trusting the site's median-days figure this month, since June's data reads as unusually fast because so many closings hadn't finished timestamping their full listing history. Thirty-eight of the 99 June sales came after at least one price cut, so there's room to negotiate on anything that's had a reduction.
If you're selling
Fifty of June's 99 closings sold below list price versus only 15 above, so pricing at or slightly under recent sales in Capitol Reef or Mt. Rainier gets more traffic than testing the market high. With active listings climbing from 445 in May to 473 in June against 151 new listings, competition among sellers is building — condition and staging matter more than they did in April when 99.73% sale-to-list was the norm. Expect to land closer to June's 98.87% sale-to-list ratio than April's near-full-price figure.
Outlook
With active inventory at 473 and new listings holding near 151 a month, buyers heading into the warm summer selling season — 75-95°F conditions typical for this part of Salt Lake County — have the widest selection of the past year to work from. Sellers should expect the sale-to-list ratio to keep drifting toward June's 98.87% rather than back toward April's 99.73%, especially if the 30-year rate holds near 6.75% and keeps some buyers on the sideline. Watch Capitol Reef and Mt. Rainier, which combined for 38 of June's 99 sales and are likely to keep setting the pace for the $400,000-$700,000 band.
Watch for
If the 30-year holds near 6.75% and new listings stay above 150 a month while sales hover near 99, active inventory likely pushes past 500 by August, pulling the sale-to-list ratio further below June's 98.87%.
"Herriman's busiest June on record, with sellers doing the negotiating"
Common questions about Herriman this month
Is Herriman a buyer's or seller's market in June 2026? ▾
Leverage is shifting toward buyers. Active inventory reached 473 homes in June against 99 closings, and 50 of those sales closed below list price versus just 15 above. The sale-to-list ratio has slipped from 99.73% in April to 98.87% in June, which points to sellers accepting more negotiation than they were in the spring.
Why does Herriman's June 2026 data show 0 median days on market? ▾
That figure is a data artifact, not a market signal — many June closings hadn't finished recording their full listing-to-sale timeline when this data was pulled. The 75th-percentile figure of 17 days is a more reliable read on the slower end of the market, and May's median of 24 days is a better baseline for typical pace right now.
How much has the mortgage rate climb affected monthly payments in Herriman? ▾
On the $578,000 median-priced home, principal and interest runs $2,998 a month at today's 6.75% rate, which is $170 more than the $2,828 payment available in February 2026 when rates averaged 6.19%. Rates have held flat at 6.75% over the past 30 days, so there's been no additional monthly increase in that window.
Which Herriman neighborhoods are selling the most right now? ▾
Mt. Rainier and Capitol Reef led June with 21 and 17 sales respectively, together accounting for 38 of the month's 99 closings, mostly in the $400,000-$700,000 range. Teton Ranch also stayed active with 6 sales at a median $898,001, showing the upper end of the market still moving.
Are price cuts common in Herriman right now? ▾
Yes — 38 of June's 99 closings had at least one price reduction before selling, and that share has grown steadily since May's 23 out of 82. Combined with 50 sales below list price, it points to sellers adjusting expectations as inventory builds.
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
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
99 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 27 · 25th percentile 7 · 75th percentile 91
Needed a price change
Sold listings that had a recorded price change before close
38 of 99 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 21 sold · $445K · 100d
- 2. Capitol Reef 17 sold · $369K · 125d
- 3. Teton Ranch 6 sold · $898K · 55d
- 4. Mountain Ridge 4 sold · $486K · 11d
- 5. Rosecrest 3 sold · $675K · 23d
June 2026 by property type
How each housing type performed last month — 99 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 99 | 71 | +39.44% | 463 | 419 | +10.50% |
| Median Sale Price | $577,875 | $589,000 | -1.89% | $599,238 | $612,181 | -2.11% |
| Median DOM | 27 | 31 | -12.90% | 44 | 37 | +18.92% |
| Sale-to-List Ratio | 98.87% | 98.95% | -0.08% | 98.80% | 99.35% | -0.55% |
Past months
Browse historical Herriman reports — each month's snapshot stays at its own permanent URL.
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.