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
August 2026 · Market Analysis
Herriman closings cool as August inventory tops 459 near Mountain Ridge and Rosecrest
Get this report emailed every month
✓ You're in — see you next month.
Only 65 homes closed in Herriman in August 2026, down from 84 in July and well off the 79 closings recorded in August 2025. That pullback in demand landed just as active listings reached 459 — up from 392 in July and more than one and a half times last August's 292 — so buyers this month had far more to choose from and closed on less of it.
Market pulse
Closings have swung widely since spring — 82 in May, 102 in June, then back down to 84 in July and 65 in August — while active inventory has climbed every single month since March's 326, through 344, 371, 362, 392 and now 459. Days on market bounced back up to 43 in August after bottoming at 27 in June, and the share of homes selling at list price collapsed to just 7 sales, down from 34 in June and 31 in July, suggesting sellers are negotiating more than pricing perfectly. Mt. Rainier again carried the most volume with 12 sales at a $436,032 median, while Capitol Reef and Mountain Ridge each closed 4-6 homes in the $600s.
Mortgage context
The 30-year rate has climbed most of the summer, from 6.16% in February to 6.79% in July and now sits at 6.875% today, up 0.125 percentage points in the last 30 days alone. That steady climb is a real factor in August's softer closing count — borrowing costs simply keep edging the wrong direction for buyers trying to pencil out a payment.
Payment math
A median-priced Herriman home at $590,000 with 20% down costs $3,101 a month in principal and interest at today's 6.875%, that's $39 more than 30 days ago when the rate sat at 6.75%, and $222 above the February low of $2,879 a month when rates averaged 6.16%.
If you're buying
With 459 active listings against just 65 August closings, buyers have real leverage — target homes that have sat since spring, like the Mt. Rainier listings running a 158-day median, where sellers are far more open to negotiating. Below-list sales still outnumbered above-list by more than 3-to-2 this month, so an offer 2-3% under asking is not out of line on anything past 45 days.
If you're selling
Only 7 of August's 65 closings sold right at list price, down sharply from 34 in June, so pricing to last spring's numbers will just add days on market. Sellers in Capitol Reef and Mountain Ridge, where days on market stayed under 40, show that fresh pricing tied to what's actually closing — not the $609,900 median list — is what's moving homes now.
Outlook
Expect inventory to keep building into fall unless new listings pull back meaningfully from August's 147, since closings aren't keeping pace with what's coming onto the market. With rates near 6.875% and climbing toward a 6.88% September average, buyers who can qualify now may find more price flexibility through the next two months as sellers adjust to a slower close rate.
Watch for
If new listings hold near 147 a month while closings stay in the 65-85 range, months-of-supply likely keeps climbing past August's 7.06 reading toward the double digits by November.
"Herriman's shelf keeps filling while buyers close at a slower clip"
Common questions about Herriman this month
Is Herriman a buyer's or seller's market in August 2026? ▾
Leverage has shifted toward buyers. Active listings reached 459 against just 65 closings, and only 7 sales went through at full list price compared to 34 back in June. Sellers are negotiating more, with 37 of August's 65 sales closing below asking.
Why did home sales slow down in Herriman this August? ▾
Closings fell to 65 from 84 in July and 102 in June, even as the mortgage rate climbed to 6.875% from 6.16% in February. Higher borrowing costs combined with a much larger pool of active listings — 459 versus 292 a year ago — spread buyer demand across more competition per sale.
What is a house payment on a median-priced home in Herriman right now? ▾
At the August median sale price of $590,000 with 20% down, the monthly principal-and-interest payment runs $3,101 at today's 6.875% rate. That is $222 more than the $2,879 payment buyers would have had in February when rates averaged 6.16%.
Which Herriman neighborhoods are selling fastest right now? ▾
Capitol Reef and Mountain Ridge posted the shortest days on market in August, at 0 and 32 median days respectively, both closing in the $600,000s. Mt. Rainier still led total volume with 12 sales but its days on market stretched to 158, well above the neighborhood average earlier in the year.
Should I wait for rates to drop before buying in Herriman? ▾
Rates have moved in one direction since February, climbing from 6.16% to 6.875% today with no clear reversal in the six-month trend. Waiting risks a higher payment later, though the growing inventory of 459 active listings gives buyers more room to negotiate price now than they had a few months ago.
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
August 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
69 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 46 · 25th percentile 11 · 75th percentile 91
Needed a price change
Sold listings that had a recorded price change before close
34 of 69 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 12 sold · $436K · 158d
- 2. Capitol Reef 6 sold · $655K · 0d
- 3. Mountain Ridge 4 sold · $606K · 32d
- 4. Great Basin At Olympia 4 sold · $567K · 70d
- 5. Big Bend 2 sold · $868K · 0d
August 2026 by property type
How each housing type performed last month — 69 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 69 | 79 | -12.66% | 624 | 574 | +8.71% |
| Median Sale Price | $590,000 | $612,500 | -3.67% | $584,938 | $613,600 | -4.67% |
| Median DOM | 46 | 43 | +6.98% | 44 | 37 | +18.92% |
| Sale-to-List Ratio | 98.60% | 99.00% | -0.40% | 98.77% | 99.33% | -0.56% |
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.