Market analytics · August 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
August 2026 · Market Analysis
Magna closings speed back up even as inventory climbs past 130 homes
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Homes in Magna went under contract in a median 29 days in August 2026, down sharply from July's 51-day wait and closer to June's pace than last month's stall. But only 21 homes closed, the fewest of any month in the past year and well below the 43 sales recorded in August 2025. Active listings kept climbing to 135, so the faster pace is happening against a backdrop of more competition, not less.
Market pulse
Days on market in Magna have swung wildly since spring: 13 in May, 19 in June, a 51-day spike in July, and now back down to 29 in August. Active inventory has moved the other direction almost every month, from 89 in June to 111 in July to 135 in August, while new listings held near 50. Sold counts have thinned alongside that build, dropping from 31 in June to 26 in July to just 21 in August, a pace 32% below the prior 12-month average of 31 sales a month. Little Valley Gateway remains one of the more active pockets, with two closings this month at a median sale of $367,500, well under the neighborhood's spring pricing.
Mortgage context
The 30-year rate sits at 6.875% today, up 0.125 percentage points over the past 30 days from 6.75%, and has climbed from 6.16% in February to a 6.77% monthly average in August. That six-month climb of roughly 0.6 percentage points has coincided with the slower sales count Magna is seeing even as days on market improved this month.
Payment math
A $440,000 median-priced home in Magna with 20% down runs $2,310 a month at today's 6.875%, up $29 from $2,280 just 30 days ago at 6.75%, and $166 above the $2,144 payment buyers locked in back in February 2026 when rates averaged 6.16%.
If you're buying
With active inventory at 135 and only 21 homes closing, buyers have more room to negotiate than at any point this spring — nine of August's closings sold below list. Look at homes that have sat past the 75-day median seen in Little Valley Gateway this month; sellers there and in similar stale listings are more open to price talk. Warm August weather across the Salt Lake valley means there's no rush tied to season, so use the extra time to compare rather than settle for the first showing.
If you're selling
Sale-to-list sits at 98.96%, meaning list-price ambition still mostly holds, but eight of August's 21 closings needed a price change first. Price close to what's actually closing in your subdivision rather than July's higher $477,450 median — August settled back to $439,500. Homes moving fastest, like Ensign Park's 5-day close at $522,000, are priced tight to recent sales, not aspirational asks.
Outlook
Expect thinner closing counts to continue into fall as the rate climb from February's 6.16% to near 6.9% keeps some buyers on the sideline, even with days on market improving. Inventory near 135 gives buyers real leverage through the next 60-90 days unless new listings pull back from their recent 50-a-month pace. Sellers who price to August's $439,500 median rather than July's spike should still find buyers moving in under a month.
Watch for
If new listings keep running above 50 a month while sales stay near 21, months-of-supply likely keeps climbing past the 6.43 reading logged in August, tilting Magna further toward buyers by year-end.
"Faster contracts, thinner sales, more homes to choose from"
Common questions about Magna this month
Is Magna a buyer's or seller's market in August 2026? ▾
Leverage has shifted toward buyers. Active listings reached 135 while only 21 homes closed, the lowest count in over a year, and nine of those sales went below asking price. Sellers who price close to the $439,500 August median are still finding buyers within about a month.
Why are Magna homes selling faster in August than July? ▾
Median days on market fell from 51 in July to 29 in August, but that's a partial rebound rather than a hot streak — May and June both closed faster, at 13 and 19 days. The July spike looks more like an outlier than a new trend.
How much has the rate climb affected monthly payments in Magna? ▾
On the $440,000 median home, the payment with 20% down is $2,310 a month at today's 6.875%, up $29 from just 30 days ago and $166 above what buyers paid in February 2026 when rates averaged 6.16%. That climb has coincided with softer closing counts through the summer.
Which Magna neighborhoods are seeing the most activity right now? ▾
Little Valley Gateway logged two closings in August at a median $367,500, and Mahogany Ridge's newer phases and Ensign Park each saw single sales in the $520,000s to $558,000 range. Activity is spread thin across many small subdivisions rather than concentrated in one area this month.
Should sellers expect multiple offers in Magna this fall? ▾
Unlikely at the moment — only six of August's 21 closings sold above list price, down from 15 of 33 back in May. With inventory at 135 and rising, sellers should expect single offers close to list rather than competitive bidding.
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
August 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 29 · 25th percentile 9 · 75th percentile 75
Needed a price change
Sold listings that had a recorded price change before close
9 of 23 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. Little Valley Gateway 2 sold · $368K · 75d
- 2. Mahogany Ridge 232 1 sold · $558K · 181d
- 3. Gateway To Little Valley 1 sold · $554K
- 4. Mahogany Ridge 237 1 sold · $524K · 139d
- 5. Ensign Park 1 sold · $522K · 5d
August 2026 by property type
How each housing type performed last month — 20 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 43 | -46.51% | 241 | 369 | -34.69% |
| Median Sale Price | $439,500 | $420,000 | +4.64% | $439,610 | $452,553 | -2.86% |
| Median DOM | 29 | 46 | -36.96% | 36 | 25 | +44.00% |
| Sale-to-List Ratio | 99.09% | 98.75% | +0.34% | 99.24% | 99.72% | -0.48% |
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.