Market analytics
Magna, 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
Magna homes still move fast, but the pace has cooled from May's sprint
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Median days on market in Magna rose to 19 in June 2026, up from May's 13 but still well inside the range that's defined the spring. A year ago, June 2025 closed in a median 14 days with 51 sales; this June logged 31 sales at 19 days, a slower, thinner month by both measures. That's less a market turning over than one settling back to earth after an unusually quick May.
Market pulse
The days-on-market swing has been the story of the whole run: 34 in March, 26 in April, 13 in May, and back up to 19 in June — still far tighter than January's 56 or February's 72. Active listings kept climbing through the same stretch, from 95 in March to 106, 114, and now 115 in June, even as new listings pulled back to 41 from April's 68. Sale-to-list eased slightly to 99.32% from May's 100.67%, and the split between over-list and under-list sales is now roughly even at 11 and 10 out of 31 closings. Seven of June's sales came with a price cut along the way, the largest share of any month this year.
Mortgage context
The 30-year averaged 6.66% across June and has since climbed to 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That's part of why June's closings slipped to 31 from May's 33 and April's 39 — buyers financing near the median price are absorbing a real payment increase with every rate tick.
Payment math
At $445,000 with 20% down, a Magna buyer today pays $2,338 a month in principal and interest at 6.875%, up $59 from $2,279 just 30 days ago at 6.625%, and $160 above the $2,178 payment available in February 2026 when rates averaged 6.19%.
If you're buying
Look at homes carrying a price cut — seven of June's 31 closings took one, and those sellers have already shown flexibility. In the under-$400K band, June's median sale fell to $312,885 from May's $362,000, so that segment is where negotiating room is opening fastest.
If you're selling
List with urgency: active inventory has climbed to 115 homes, the highest of the past six months, while new listings dropped to 41 from 54 in May, meaning less competition is coming behind you right now. Price close to the $460,000 June median list rather than reaching for May's numbers — homes priced past what similar Little Valley Gateway or Tate subdivision sales have fetched recently are the ones adding days on market.
Outlook
With rates at 6.875% and trending up from June's 6.66% average, expect the summer selling window — warm, dry Salt Lake County weather through August — to face a real affordability ceiling even as inventory sits at a six-month high of 115 homes. Days on market will likely drift toward the high teens or twenties rather than back to May's 13, unless rates reverse course.
Watch for
If the 30-year holds above 6.85% through August, expect new listings to keep contracting toward June's 41 and days on market to push past 25, undoing most of spring's speed gains.
"Magna slows from a sprint to a jog, and rates are the reason buyers notice"
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
31 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 19 · 25th percentile 6 · 75th percentile 43
Needed a price change
Sold listings that had a recorded price change before close
7 of 31 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. Tate 3 sold · $420K · 11d
- 2. Little Valley Gateway 3 sold · $416K · 42d
- 3. Park 2 sold · $527K · 16d
- 4. White Farm Village 1 sold · $620K · 2d
- 5. Dixon Downs 1 sold · $600K
June 2026 by property type
How each housing type performed last month — 26 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 31 | 51 | -39.22% | 192 | 275 | -30.18% |
| Median Sale Price | $444,900 | $454,895 | -2.20% | $434,499 | $458,117 | -5.16% |
| Median DOM | 19 | 14 | +35.71% | 35 | 23 | +52.17% |
| Sale-to-List Ratio | 99.32% | 99.84% | -0.52% | 99.38% | 99.77% | -0.39% |
Past months
Browse historical Magna reports — each month's snapshot stays at its own permanent URL.
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.