Market analytics · June 2026 archive
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's June pace settles — still quick, but the sub-two-week sprint is over
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June brought a noticeable gear-change to Magna's market. Median days on market rose to 19 — up from May's 13 — signaling that the spring sprint has eased into a steadier summer pace. That's still faster than the 26-day median recorded in April and a fraction of the 72-day slog buyers faced in February, so sellers haven't lost their footing. Closings came in at 31, down from 51 in June 2025, and the median sale price of $444,900 sits about $10,000 below last June's $454,895 — a modest year-over-year dip that reflects both the lighter volume and the rate environment rather than any broad softening in demand.
Market pulse
The speed story in Magna has been anything but linear. Median days on market peaked at 72 in February, then compressed sharply through spring: 34 days in March, 26 in April, and 13 in May before settling at 19 in June. The sale-to-list ratio pulled back from May's above-asking 100.67% to 99.32% — still healthy, but the shift means the average seller is no longer pocketing a premium over asking price. Active inventory dipped to 89 homes in June from 98 in May, and 7 of the 31 closings involved a prior price reduction, the most of any month since the feed began tracking that figure in May. The $400K–$700K band, which drove 21 of 31 closings, saw a median sale of $495,000 — up from $463,500 in May — suggesting the upper end of that range is still moving with conviction.
Mortgage context
The 30-year fixed rate has climbed steadily since February's monthly average of 6.14%, moving through 6.48% in March, 6.55% in May, and 6.66% in June before reaching today's 6.875% — a climb of 0.74 percentage points over that span. That trajectory is narrowing the buyer pool at the lower end of Magna's price range, where the under-$400K segment already saw its median sale price drop to $312,885 in June. Rates edged up another 0.125 percentage points over the past 30 days, adding modest but real pressure on monthly budgets for buyers who haven't locked yet.
Payment math
A $445,000 home in Magna financed with 20% down carries a monthly principal-and-interest payment of $2,338 at today's 6.875% rate — $30 more than 30 days ago when the rate sat at 6.75%, and $172 above the February low when rates averaged 6.14% and that same loan would have run $2,166 a month.
If you're buying
With 19 median days on market, the window to negotiate has cracked open slightly compared to May's sprint — but it hasn't swung wide. Focus on homes in Little Valley Gateway, where the June median days on market ran 42 days and three closings came in at a median of $416,000, well below the overall market median. Homes sitting past 35 days are where sellers are most likely to entertain offers below asking; the 10 closings that went below list price in June confirm that gap exists, even if it's not the norm.
If you're selling
Price to the current market, not to May's peak. The sale-to-list ratio slipped from 100.67% in May to 99.32% in June, and 7 sellers had to cut before closing — so listings that open too high are paying a real cost in time and perception. Homes in the Tate subdivision closed in a median 11 days at a median of $419,999 in June, which tells you that well-priced, move-in-ready product still moves fast; the premium goes to condition and accuracy, not optimism.
Outlook
With the 30-year rate now at 6.875% and the monthly average trending upward through the summer, affordability will remain the primary constraint on demand over the next 60–90 days. Magna's active inventory at 89 homes is lean enough that a motivated seller with a well-priced home shouldn't face a long wait — but the days of automatic above-list offers appear to be behind us for now. Buyers who've been watching from the sidelines may find slightly more room to negotiate heading into August, particularly on homes that don't move in the first two weeks.
Watch for
At the current pace of new listings — 41 in June, down from 54 in May and 68 in April — if new supply continues to contract while rates hold above 6.75%, the under-$400K segment could see its already-thin inventory tighten further, pushing that price band's median back toward the $350,000–$365,000 range it held through most of 2025.
"From 13 days to 19: Magna cools just enough to give buyers a breath, but sellers still hold the edge."
Common questions about Magna this month
Is Magna a buyer's or seller's market in June 2026? ▾
It's still tilted toward sellers, but less so than in May. The median days on market was 19, the sale-to-list ratio was 99.32%, and 11 of 31 closings went above asking price. That said, 10 closings came in below list and 7 involved a prior price reduction — so buyers have more room than they did a month ago, especially on homes that have been sitting.
Why did fewer homes close in June 2026 compared to last year? ▾
June 2025 saw 51 closings; June 2026 came in at 31. Part of that reflects the rate environment — the 30-year averaged 6.66% in June 2026 versus a lower-rate backdrop a year earlier — which has reduced the pool of buyers who can qualify at current prices. New listings also ran higher this June (41 vs. 31 a year ago), so supply isn't the constraint; demand is.
What's happening with prices in Magna's under-$400K range? ▾
The 10 closings under $400K in June had a median sale price of $312,885 — noticeably lower than the $362,000 median that segment posted in May. With rates near 6.875%, the monthly payment on even a $350,000 home with 20% down is meaningful, and that's compressing what buyers in this range can offer. Sellers in this band should price carefully against recent comparable sales.
Which Magna neighborhoods are moving fastest right now? ▾
Tate subdivision led June with 3 closings at a median of 11 days on market and a median sale of $419,999 — the fastest-moving active subdivision in the month. White Farm Village had one closing that went under contract in just 2 days at $620,000. Little Valley Gateway, by contrast, took a median of 42 days across its 3 June closings, making it a better hunting ground for buyers who want more negotiating time.
How much more does it cost to finance a Magna home today versus earlier this year? ▾
At today's 6.875% rate, a $445,000 home with 20% down runs $2,338 a month in principal and interest. Back in February, when rates averaged 6.14%, that same loan would have cost $2,166 — a difference of $172 a month. Buyers who locked in February are carrying meaningfully lower payments than anyone entering the market now.
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% |
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.