Market analytics · September 2026 archive
Lehi, 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
September 2026 · Market Analysis
Lehi's September closings sped up, but 358 listings give buyers leverage
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Homes in Lehi sold in a median 23 days in September, down from 31 in August, and the median home price came in at $600,910. That is a faster pace, but the housing market still leans toward buyers. There were 358 active listings against 73 closings, about 5 months of supply, and homes sold for 98.5% of list. A year ago, 125 homes closed in September at a median $530,000 and 34 days.
Market pulse
Active listings were 358 in September, up from 290 in May. Closings moved the other way, from 134 in May to 73 in September. Speed was the one bright spot, since the median days on market dropped from 31 in August to 23. Price cuts are common: 36 of September's 73 closings took one first, and only 16 sold above list.
Mortgage context
Rates matter most in the $400,000 to $700,000 range, where 42 of September's 73 closings landed at a median $569,282. Another 25 sold above $700,000 at a median $975,000, and those loans are the largest. With the 30-year at 7.5%, up 0.375 percentage points in 30 days, buyers in both groups are working harder to qualify.
Payment math
Buying at Lehi's $601,000 median home price with 20% down costs $3,361 a month in principal and interest at 7.5%, which is $123 more than the $3,239 of 30 days ago at 7.125%, and $348 above April's $3,013 low when rates averaged 6.42%.
If you're buying
Look at homes that have sat past 60 days. A quarter of September closings took 69 days or longer, and that is where sellers cut price. River Point sold five homes at a median $685,400 after 87 days, which is the kind of listing where a concession is realistic. Ask for seller-paid rate help before asking for a lower price.
If you're selling
Your home is one of 358 active listings, and buyers paid about 98.5% of list in September. Price near recent sales, not at the $599,900 median list price. If you list over $700,000, expect a longer wait, because that group took a median 45 days. Inverness, with 8 sales at a median $554,990, shows what sells quickly at the entry level.
Outlook
Showings along the Wasatch Front usually thin from October into winter, and Lehi's 358 listings won't clear quickly at this pace. With rates at 7.5%, expect more price cuts than bidding. Buyers will have the most choice through the holidays, and sellers who list in spring will face fewer competing homes.
Watch for
If new listings stay near 119 a month while closings stay near 73, inventory would approach 6 months of supply by winter, and sale-to-list would likely slip toward 98%.
"Lehi's clock sped up in September while the list of homes kept growing."
Common questions about Lehi this month
What is the median home price in Lehi? ▾
The median home price in Lehi was $600,910 in September 2026, up from $575,000 in August. The average sale price was $693,554. The average is higher because 25 sales above $700,000 had a median of $975,000. The median list price was $599,900.
Is Lehi a buyer's or seller's market? ▾
Lehi in September 2026 leans toward buyers. There were 358 active listings and 73 closings, about 5 months of supply. Homes sold for 98.5% of list, and 45 of the 73 closings sold below asking.
How much is my Lehi home worth? ▾
Lehi homes sold for a median $600,910 in September, at 98.5% of list and in a median of 23 days. Your own home's value depends on recent comparable sales nearby, such as in Inverness or Holbrook Farms. Condition and price band matter, since homes over $700,000 took a median 45 days.
How long do homes take to sell in Lehi? ▾
In September 2026, Lehi homes took a median 23 days to sell, down from 31 in August and 34 a year ago. A quarter of homes took 69 days or longer. Over-$700,000 homes were slower, at a median 45 days.
How have rates changed Lehi monthly payments? ▾
At 7.5%, principal and interest on a $601,000 home with 20% down is $3,361 a month. That is $123 more than 30 days ago and $348 more than at April's low.
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
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
73 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 23 · 25th percentile 4 · 75th percentile 69
Needed a price change
Sold listings that had a recorded price change before close
36 of 73 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 neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Inverness 8 sold · $555K · 21d
- 2. River Point 5 sold · $685K · 87d
- 3. Holbrook Farms 4 sold · 61d
- 4. Vistas At The Point 3 sold · 0d
- 5. The Exchange Ii 3 sold · 31d
- 6. Pilgrims Landing 3 sold
- 7. Canyon Point 2 sold · 22d
- 8. Auburn Springs 2 sold · 0d
September 2026 by property type
How each housing type performed last month — 70 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 73 | 125 | -41.60% | 935 | 1,051 | -11.04% |
| Median Sale Price | $600,910 | $530,000 | +13.38% | $580,038 | $562,691 | +3.08% |
| Median DOM | 23 | 34 | -32.35% | 27 | 35 | -22.86% |
| Sale-to-List Ratio | 98.50% | 98.88% | -0.38% | 99.12% | 98.81% | +0.31% |
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.