Market analytics · October 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
October 2026 · Market Analysis
Lehi buyers get room to bargain as River Point sits and listings reach 397
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Only 61 homes closed in Lehi in October, well below the 100 in September and the 122 a year ago. Closings were light compared with a typical 113 a month, so treat the median home price of $589,000 with some caution. This housing market favors buyers right now: 397 homes were listed, which at October's pace would take about 6.5 months to sell, and homes went for 98% of list.
Market pulse
Active listings rose from 331 in April to 397 in October, while closings fell from 127 to 61. Sellers are feeling it: 44 of October's 61 sales closed below list price, and only 10 went above it. River Point was the busiest neighborhood with 8 sales at a median $691,917, but those homes took 64 days. The $700,000-plus group moved quickest, with 18 sales in a median 17 days at $942,500.
Mortgage context
Lehi's buyers split by price in October. Of the 61 closings, 34 landed between $400,000 and $700,000, at a median $541,950, and that is the group most sensitive to the monthly payment. The 30-year rate has eased 0.375 percentage points over the past 30 days to 7.375%, which helps a little, but it is still a full point above April's average.
Payment math
Buying at the $589,000 median home price with 20% down now costs $3,254 a month in principal and interest at 7.375%, which is $121 less than the $3,376 at 7.75% thirty days ago, yet still $300 above April's low of $2,954 when rates averaged 6.42%.
If you're buying
Homes in the $400,000 to $700,000 range took a median 55 days in October, so listings past the two-month mark are where price cuts are likely. In River Point, where homes took 64 days at a median $691,917, ask for a cut or seller-paid rate help. With 36 of 61 closings taking a price cut first, an offer under list is normal.
If you're selling
Your home's worth comes from what closed nearby, and the sale-to-list ratio of 98% says buyers are paying about 2% under asking. Price near the $589,000 median if your home is typical, because 36 of October's 61 sellers cut their price before closing. Gardner Point, with 4 sales at a median $394,950, shows entry-level homes are still finding buyers.
Outlook
Winter normally brings fewer showings, so expect closings to stay modest into early 2027. Inventory is already at 397, so sellers who list now will face more competition than they did in spring. Rates have started to ease, which could pull some buyers back if the drop continues.
Watch for
If closings stay near 61 a month and new listings hold near 120, supply would stay above 6 months and sale-to-list would likely drift toward 97%.
"Lehi's quiet October left more homes for sale than any month this year"
Common questions about Lehi this month
What is the median home price in Lehi? ▾
The median home price in Lehi was $589,000 in October 2026, down from $599,426 in September. Only 61 homes closed, well below the usual 113, so the median can swing. The average sale price was $630,387, higher because 18 sales above $700,000 had a median of $942,500.
Is the Lehi housing market slowing down? ▾
Yes. Closings fell from 100 in September to 61 in October, and active listings climbed from 340 to 397. At that pace it would take about 6.5 months to sell everything listed, which favors buyers.
How much is my Lehi home worth? ▾
Lehi homes sold for a median $589,000 in October at 98% of list price, with a median 43 days on market. Your own home's value depends on similar homes that closed near you recently. Check those sales and how many took price cuts first.
Where are Lehi homes selling slowest? ▾
In October, River Point had the most sales with 8 at a median $691,917, but they took a median 64 days. Gardner Point had 4 sales at a median $394,950 in 40 days. Higher-priced River Point homes are giving buyers more time to negotiate.
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
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
61 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 43 · 25th percentile 14 · 75th percentile 68
Needed a price change
Sold listings that had a recorded price change before close
36 of 61 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. River Point 8 sold · $692K · 64d
- 2. Gardner Point 4 sold · 40d
- 3. Auburn Springs 3 sold · 0d
- 4. Cold Spring Ranch 3 sold · 25d
- 5. Jordan Willows 2 sold · 13d
- 6. Holbrook Scandia Ctg 3304 2 sold · 125d
- 7. Grays Farm 2 sold · 36d
- 8. Eagle Summit 1 sold · 8d
October 2026 by property type
How each housing type performed last month — 61 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 61 | 122 | -50.00% | 1,082 | 1,164 | -7.04% |
| Median Sale Price | $589,000 | $582,995 | +1.03% | $582,729 | $565,679 | +3.01% |
| Median DOM | 43 | 40 | +7.50% | 31 | 35 | -11.43% |
| Sale-to-List Ratio | 97.96% | 98.36% | -0.41% | 98.95% | 98.76% | +0.19% |
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.