Market analytics · April 2026 archive
Hyrum, 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
Hyrum's spring inventory nearly doubles as Cache Valley buyers gain more choices
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Active inventory in Hyrum reached 63 homes in April 2026, climbing from 45 in March and 41 in February — a meaningful expansion that gives Cache Valley buyers more options than they've seen since last spring. A year ago in April 2025, active inventory stood at 34 homes, so the current level represents an 85% increase year-over-year. Despite the supply build, the sale-to-list ratio held at 99.41% in April, matching March exactly, which signals that well-priced homes are still moving without significant concessions.
Market pulse
From November 2025 through January 2026, Hyrum's active inventory held steady in the 29–33 range with closings running 6–7 per month — a quiet winter pattern typical for this northern Utah alpine market. February brought a wave of new listings (14 new, 41 active) but only 5 closings, pushing absorption to 8.2 months. March snapped back sharply with 13 closings and a sale-to-list ratio of 99.41%, then April added 30 new listings — the most in any single month across the past six months — pushing active count to 63 while 11 homes closed. Median days on market dropped from 48 in March to 32 in April, and the 25th-percentile DOM fell to just 9 days, suggesting that fresh, well-priced listings in neighborhoods like Elk Mountain and Westridge are attracting quick offers even as the overall pool of available homes grows.
Mortgage context
The 30-year fixed rate in Hyrum's lending environment sits at 6.625% today, up 0.375 percentage points from 6.25% thirty days ago — a meaningful jump that adds real dollars to monthly payments on Cache Valley homes. Rates climbed 0.43 percentage points from February's monthly average of 6.19% to today's spot rate of 6.625%, reversing the brief affordability window that opened earlier this year. At current rates, buyers financing a median-priced Hyrum home are carrying noticeably higher monthly costs than they would have just two months ago, which may be tempering demand at the upper end of the price range.
Payment math
On a median-priced home today, P&I lands at $2,382/mo at 6.625% — $91/mo more than 30 days ago at 6.25%, and $106/mo above the February low when rates averaged 6.19% and P&I would have been $2,276.
If you're buying
With 63 active listings and absorption at 5.73 months, Hyrum buyers have genuine negotiating room — particularly on homes that have been sitting past 45 days, where the sale-to-list ratio on the $400K–$700K band has historically drifted closer to 97–98%. Target listings in Canyon Estates and Southridge Acres that have been on market 50 days or more; those sellers have already watched the spring rush pass and are more likely to negotiate on price or closing costs. If you're financing, locking sooner rather than later makes sense given the 0.375-point rate climb over the past 30 days — waiting costs roughly $91/month at current median prices.
If you're selling
The 99.41% sale-to-list ratio tells you the market still rewards accurate pricing, but the inventory build from 45 to 63 active homes in a single month means overpriced listings will now sit visibly longer against more competition. Sellers in Elk Mountain and Green Meadow Villas should price at or just under recent comparable sales rather than testing last March's elevated medians — homes in the $400K–$700K band that priced to March's $554K median are now competing against 30 new April listings. Condition and presentation matter more when buyers have 63 choices; a clean, move-in-ready home in Westridge or Auburn Hills will still attract multiple offers, but a dated listing priced at the top of the range will not.
Outlook
Over the next 60–90 days, Hyrum's inventory is likely to keep building as the Cache Valley spring listing season continues through May and June — historically the most active new-listing months in northern Utah. If new listings continue running near 30 per month while closings stay in the 11–13 range, active inventory could approach 80–90 homes by midsummer, shifting leverage further toward buyers. Rate trajectory is the key wildcard: if the 30-year holds above 6.5%, expect the upper end of Hyrum's market (homes priced above $550K in Canyon Estates and Hidden Valley) to see longer days on market and more price reductions as affordability pressure concentrates there.
Watch for
If the 30-year fixed rate crosses 7% before summer, expect absorption in Hyrum to climb past 7 months and median DOM to retest the 60-day range, particularly for $400K–$700K listings that depend on conventional financing.
"More homes, faster decisions — Hyrum's spring market opens up without falling apart."
Common questions about Hyrum this month
Is Hyrum a buyer's or seller's market in April 2026? ▾
It's transitioning. With 63 active listings and 5.73 months of absorption, Hyrum is closer to a balanced market than the tight seller's market it was a year ago when absorption sat at 2.27 months. Well-priced homes in desirable subdivisions like Elk Mountain and Westridge are still closing near asking price (99.41% sale-to-list), but buyers now have enough inventory to be selective and negotiate on homes that have been sitting past 45 days.
Why did so many new listings come on in April 2026? ▾
April's 30 new listings reflect the typical Cache Valley spring pattern — as snowmelt and mud season wind down in the Blacksmith Fork canyon area, sellers who held off through winter list in earnest. This year's wave is notably larger than April 2025's 11 new listings, suggesting pent-up seller supply that built during the slower winter months of November through January when new listings averaged just 6–7 per month.
How are rising mortgage rates affecting Hyrum home buyers right now? ▾
The 30-year rate has climbed from 6.19% in February to 6.625% today — a 0.43-point move that adds $106/month in principal and interest on a median-priced Hyrum home. At $2,382/month P&I on a $465,000 purchase, affordability is meaningfully tighter than it was earlier this year. Buyers sensitive to payment size may find FHA financing at 6.0% or VA at 6.25% worth exploring if they qualify.
Which Hyrum neighborhoods are seeing the most activity in spring 2026? ▾
Elk Mountain has been the most consistently active subdivision over the past year, appearing in the top-sold list nearly every month. In April 2026, Elk Mountain recorded 2 closings at a median sale price of $462,500 with a median DOM of 63 days — suggesting it's active but not moving instantly. Westridge and Green Meadow Villas both had homes close in just 5 days in April, indicating strong demand for well-priced listings in those areas. Canyon Estates and Southridge Acres tend to carry higher price points and longer market times.
How does Hyrum compare to other Cache Valley cities for buyers priced out of Logan? ▾
Hyrum sits roughly 8 miles south of Logan along US-89 and has historically offered more affordable entry points, with a meaningful share of closings under $400K — 4 of 11 in April 2026 at a median of $345,000. Buyers priced out of Logan's tighter inventory or looking for more land and newer construction in subdivisions like Scenic Mountain or Little Bear Creek Estates often find Hyrum a practical alternative, though the commute to Utah State University and Logan's commercial core adds 10–15 minutes compared to North Logan or Smithfield.
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
11 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 32 · 25th percentile 9 · 75th percentile 70
Needed a price change
Sold listings that had a recorded price change before close
0 of 11 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. Elk Mountain 2 sold · $463K · 63d
- 2. Westridge 1 sold · $452K · 5d
- 3. Leo C Nielsen 1 sold · $370K · 11d
- 4. Green Meadow Villas 1 sold · $320K · 5d
April 2026 by property type
How each housing type performed last month — 9 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 11 | 15 | -26.67% | 36 | 45 | -20.00% |
| Median Sale Price | $465,000 | $460,000 | +1.09% | $463,764 | $450,060 | +3.04% |
| Median DOM | 32 | 77 | -58.44% | 56 | 45 | +24.44% |
| Sale-to-List Ratio | 99.68% | 99.02% | +0.67% | 99.22% | 99.09% | +0.13% |
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.