Market analytics · May 2026 archive
Layton, 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
May 2026 · Market Analysis
Layton homes are closing in days, not weeks — but rising rates are quietly raising the cost of entry.
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The most striking shift in Layton's May 2026 market wasn't the price or the inventory count — it was how fast homes moved off the market. The median days on market fell to just 6 days in May, down from 23 days in April and 26 days in March, a pace that stands in sharp contrast to the 23-day median recorded in May 2025. At the same time, active inventory reached 296 homes — up from 251 in April and 46% above May 2025's 203 — meaning buyers had more choices than a year ago, yet the homes that found buyers did so almost immediately.
Market pulse
Days on market in Layton have swung dramatically over the past six months: the median sat at 38 days in December 2025, climbed to 58 days in January 2026, then compressed steadily — 42 days in February, 26 in March, 23 in April — before dropping to just 6 days in May. The bottom quarter of closings in May went under contract in 3 days or fewer, while the top quarter took up to 30 days, suggesting a split between move-in-ready homes in neighborhoods like Pleasant Hills and Chapel Hill that sell almost on contact, and properties that need more time. The sale-to-list ratio held at 99.42% in May, essentially flat from April's 99.79% and February's 99.28%, indicating sellers are still receiving close to asking price across the board. New listings came in at 130 in May — matching April's 128 and well above the 47–78 range seen from November through January — keeping the supply pipeline active even as closings totaled 69.
Mortgage context
The 30-year fixed rate now sits at 6.75%, up 0.25 percentage points from 6.5% thirty days ago, and up 0.56 percentage points from February's monthly average of 6.19% — the low point of the past several months. That climb has added real dollars to every offer: a Layton buyer financing a median-priced home today carries a meaningfully higher monthly payment than one who locked in during February's rate window. The 15-year fixed at 5.99% and VA/FHA options at 6.25% offer some relief for qualifying buyers, particularly the Hill AFB military community that makes up a meaningful share of Layton's buyer pool.
Payment math
On a median-priced home here — about $500,000 with 20% down — the monthly principal-and-interest payment lands at $2,594 at 6.75% — $66 more than 30 days ago at 6.5%, and $147 above the February low when rates averaged 6.19% and the payment would have been $2,447.
If you're buying
With the median days on market at just 6 days, well-priced homes in Layton's core neighborhoods — areas like Oak Forest, Country Oaks, and the Eastridge Park corridor — are moving before many buyers can schedule a second showing, so having financing fully in place before you tour is essential. That said, 28 of 69 May closings settled below list price, and the 16 homes that closed under $400,000 took a median of 20 days — target that segment or homes sitting past 30 days on market, where there's more room to negotiate. The 12 May closings that involved a prior price reduction are also worth tracking: sellers who already cut once are often more flexible on terms.
If you're selling
The speed data is working in your favor — a median of 6 days on market means correctly priced homes in Layton are not sitting — but the 99.42% sale-to-list ratio tells you the market is rewarding accurate pricing, not aspirational pricing. Homes in the $400,000–$700,000 band closed at a median of $524,000 in May with a median of just 5 days on market, so if your home fits that range and is in good condition, price it at or just under recent comparable sales in your subdivision rather than testing the ceiling. With 296 active listings competing for 69 buyers, sellers who over-price relative to what similar homes in Layton Shores or Layton Parke Estates actually closed for will find themselves in the growing pool of listings that linger past 30 days.
Outlook
Active inventory in Layton has grown every month since December 2025 and now stands at 296 homes — at May's sales pace, it would take about 4.3 months to sell every home currently listed, which is a balanced-to-slightly-buyer-favoring environment heading into summer. The rate trajectory is the main variable to watch: the 30-year has moved from 6.19% in February to 6.75% today, and if it continues climbing toward 7%, expect days on market to drift back up and the sale-to-list ratio to soften below 99%, particularly for homes priced above $700,000 where the jumbo rate of 7.25% already adds significant payment pressure. Seasonally, June and July typically bring Layton's strongest closing volumes, so sellers who list now are entering the market at a favorable time — but buyers who wait may find slightly more negotiating room if rates keep rising and inventory keeps building.
Watch for
If the 30-year fixed rate crosses 7%, expect days on market in Layton to climb back above 30 days and the share of homes closing below list price to rise past 50% — particularly in the over-$700,000 segment, where the jumbo rate would push past 7.5% and monthly payments on an $800,000 home would exceed $4,400 on principal and interest alone.
"Layton's fastest closings in months collide with the steepest borrowing costs since last fall."
Common questions about Layton this month
Is Layton a buyer's or seller's market in May 2026? ▾
It's closer to balanced, but with a speed advantage for sellers on well-priced homes. The median days on market was just 6 days in May, and the sale-to-list ratio held at 99.42% — meaning most sellers got very close to asking price. However, with 296 active listings and only 69 closings, buyers have more choices than at any point in the past year, and 28 of those 69 closings settled below list price.
Why are homes in Layton selling so fast if inventory is rising? ▾
The speed data reflects the homes that actually closed in May — those were likely the best-priced, best-condition listings that went under contract quickly. The growing inventory (296 active listings, up from 251 in April) includes a larger pool of homes that haven't sold yet, many of which are sitting longer. The split is real: the bottom quarter of May closings went under contract in 3 days or fewer, while the top quarter took up to 30 days.
How much does the current mortgage rate affect my payment on a Layton home? ▾
On a median-priced $500,000 home with 20% down, the monthly principal-and-interest payment is $2,594 at today's 6.75% rate. That's $66 more per month than 30 days ago when rates were at 6.5%, and $147 more than February's low when rates averaged 6.19% and the payment would have been $2,447. VA and FHA rates at 6.25% offer a lower-cost path for qualifying buyers, including many connected to Hill AFB.
What price range moves fastest in Layton right now? ▾
The $400,000–$700,000 band is the clear sweet spot: 43 of 69 May closings fell in this range, with a median of just 5 days on market and a median sale price of $524,000. Homes under $400,000 took a median of 20 days, and the over-$700,000 segment — where jumbo rates apply — took a median of 7 days in May, though that segment had only 10 closings so individual sales can move that number significantly.
Are sellers in Layton cutting prices before closing? ▾
In May 2026, 12 of 69 closings involved a prior price reduction before going under contract. This is the first month with reliable data on this metric (the tracking system began capturing it consistently in May 2026), so there's no clean prior-month comparison — but it means roughly 1 in 6 May closings required a price adjustment to find a buyer. Homes in subdivisions like Diamond Hills, where the median days on market was 67 days for May closings, are more likely to be in this group.
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
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
70 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 6 · 25th percentile 3 · 75th percentile 28
Needed a price change
Sold listings that had a recorded price change before close
12 of 70 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. Oak Forest 2 sold · $720K · 9d
- 2. Country Oaks 2 sold · $469K · 15d
- 3. Diamond Hills 2 sold · $424K · 67d
- 4. Eastridge Park 1 sold · $860K · 0d
- 5. Layton Shores Subdiv 1 sold · $845K · 19d
May 2026 by property type
How each housing type performed last month — 68 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 70 | 86 | -18.60% | 304 | 307 | -0.98% |
| Median Sale Price | $500,000 | $477,950 | +4.61% | $502,874 | $506,168 | -0.65% |
| Median DOM | 6 | 23 | -73.91% | 27 | 28 | -3.57% |
| Sale-to-List Ratio | 99.40% | 99.31% | +0.09% | 99.30% | 99.05% | +0.25% |
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.