Market analytics · June 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
June 2026 · Market Analysis
Hyrum homes close in 7 days as Canyon Estates buyers move before rates climb further
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The median days on market in Hyrum fell to 7 in June 2026, down from 19 in May and a steep drop from February's 150-day median. Sixteen homes closed this June, the most of any month in the past year and well above the 11 sold in June 2025, even as the median sale price eased to $425,000 from $432,000 in May.
Market pulse
Days on market have fallen every month since February's 150-day median: 48 in March, 32 in April, 19 in May, and now 7 in June — the fastest close of any month in the past year. Active inventory has held near 57 homes for two straight months while new listings eased slightly to 19 from 21 in May, meaning buyers are absorbing supply faster than sellers are replenishing it. Twelve of June's 16 closings sold below list price, yet the sale-to-list ratio still sits at 99.31%, showing sellers are pricing realistically rather than chasing last spring's numbers. Canyon Estates and Elk Mountain each produced two sales this month, anchoring activity in the $300K-to-$620K range.
Mortgage context
The 30-year rate reached 6.875% this month, up 0.25 percentage points from 6.625% thirty days ago, and has climbed 0.68 percentage points since February's 6.19% average. That steady climb through spring and into summer hasn't slowed closings here yet, but it's compressing what buyers can offer once they find a home worth moving on quickly.
Payment math
A median-priced Hyrum home now runs $425,000, and financing that with 20% down costs $2,234 a month at today's 6.875% rate — $57 more than the $2,177 payment from 6.625% thirty days ago, and $154 above the $2,080 payment buyers locked in back in February when rates averaged 6.19%.
If you're buying
With homes going under contract in a median of 7 days, have financing ready before touring — waiting a week to write an offer in Canyon Estates or Westridge means competing against buyers who already closed. Target the under-$400K band, where seven of June's sixteen sales landed and median days on market ran a bit longer at 21, giving more room to negotiate than the sub-$700K tier.
If you're selling
Price close to what Elk Mountain and Auburn Hills buyers are actually paying — 12 of 16 June closings went below list, so an aggressive list price risks sitting past the 7-day median while comparable homes close faster. With active inventory flat at 57 for two months and new listings easing to 19, well-priced homes are still moving quickly enough that overpricing is the main risk, not lack of demand.
Outlook
Expect the pace to stay quick through late summer as Cache Valley's warm selling season continues, though rates near 6.875% — and trending toward 6.73% on the monthly average into July — will keep testing what buyers can stretch to. If new listings keep trailing sold counts the way they did in June, active inventory could start drawing down from its current 57-home level rather than continuing to build.
Watch for
If the 30-year crosses 7% before September, expect the recent 7-day median days on market to stretch back toward the 19-32 day range seen in April and May as higher payments slow buyer urgency.
"Hyrum's fastest June yet, even as rates push toward 7%"
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
17 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 7 · 25th percentile 5 · 75th percentile 21
Needed a price change
Sold listings that had a recorded price change before close
4 of 17 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. Canyon Estates 2 sold · $618K · 7d
- 2. Elk Mountain Subdivi 2 sold · $307K
- 3. Bonnie Nielsens 3Rd Minor Subdivision 1 sold · $765K
- 4. Auburn Hills 1 sold · $579K · 5d
- 5. Westridge 1 sold · $475K · 7d
June 2026 by property type
How each housing type performed last month — 17 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 17 | 11 | +54.55% | 64 | 65 | -1.54% |
| Median Sale Price | $418,000 | $497,500 | -15.98% | $446,148 | $467,772 | -4.62% |
| Median DOM | 7 | 30 | -76.67% | 37 | 44 | -15.91% |
| Sale-to-List Ratio | 99.35% | 98.96% | +0.39% | 99.31% | 99.09% | +0.22% |
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.