Market analytics · September 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
September 2026 · Market Analysis
Magna sellers lose pace in September as 135 listings meet 18 closings
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Closings in Magna took a median 48 days in September, up from 29 in August, and the median home price was $437,500. Only 18 homes closed, against 35 a year ago, while active listings reached 135. At that pace it would take about 7.5 months to sell everything listed, so this housing market now leans toward buyers. Homes still closed at about 98.8% of list, so prices haven't cracked.
Market pulse
Active listings grew from 77 in June to 135 in September. New listings slipped to 46 from 50 in August, so the build comes from homes not selling, not from a rush of new sellers. Closings fell from 31 in June to 18 in September. Dixon Downs had two sales at a median $604,913 after 106 days, and Cyprus Heights had two at $434,500 after 50 days.
Mortgage context
Most of Magna's September closings landed between $400,000 and $700,000, 13 of 18, and that is the range where a higher rate hurts most. The 30-year rate is now 7.5%, up from 7.125% thirty days ago. Only four homes sold under $400,000, at a median $344,500, so there is little cheaper stock to escape the payment.
Payment math
Financing a $438,000 median home with 20% down costs $2,447 a month in principal and interest at 7.5%, which is $89 more than the $2,358 at 7.125% thirty days ago. That is $253 above the April low, when rates averaged 6.42% and the payment would have been $2,194.
If you're buying
Go after homes that have sat past 56 days, the median in the $400,000 to $700,000 range, since seven of September's 18 homes sold above list. Others sold below, so ask for a price cut or seller-paid rate help. In Cyprus Heights, where homes closed near $434,500, compare each listing with that figure.
If you're selling
You are one of 135 listings, and buyers paid about 98.8% of list in September. Price near the recent sales, not the median list price of $434,900. If you're in Dixon Downs or Mahogany Ridge, expect longer waits, and set the price for that. Seven of 18 closings did take a price cut first.
Outlook
Fall usually firms a market like this briefly before winter, but 135 listings is a lot for 18 monthly closings. Expect days on market to stay in the 40s or higher into December. Rates near 7.5% keep the pressure on the middle of the market.
Watch for
If closings stay near 18 a month and new listings hold around 46, supply could pass 8 months by December, and sale-to-list would likely drift toward 98%.
"Magna's quick August gave way to a slow, crowded September"
Common questions about Magna this month
What is the median home price in Magna? ▾
The median sale price in Magna in September 2026 was $437,500, down slightly from $439,500 in August. The average sale price was $471,932. One sale at $780,000 in Richards Ranch pulls the average above the median. The median list price was $434,900.
Is the Magna housing market slowing down? ▾
Yes. In September 2026, homes took a median 48 days to sell, up from 29 in August. Closings fell to 18 from 23, while active listings rose to 135. Prices have held, with sales at about 98.8% of list.
How much is my Magna home worth? ▾
Magna homes closed at a median $437,500 in September, at about 98.8% of list. Homes took 48 days to sell. Your own home's value depends on similar recent sales nearby, so compare your subdivision's sales, not the citywide number.
How long does it take to sell a home in Magna? ▾
In September 2026 the median was 48 days. A quarter of homes sold within 20 days and a quarter took longer than 63 days. The $400,000 to $700,000 range was slower, at a median 56 days.
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
26 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 28 · 25th percentile 15 · 75th percentile 50
Needed a price change
Sold listings that had a recorded price change before close
11 of 26 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. Dixon Downs 2 sold · 63d
- 2. Cyprus Heights 2 sold · 42d
- 3. Richards Ranch 1 sold · 20d
- 4. Oquirrh Meadows 1 sold · 291d
- 5. Bonanza Meadows 1 sold · 20d
- 6. Mahogany Ridge 239 1 sold · 48d
- 7. Arbor Park Townhomes 1 sold · 62d
- 8. Hamptons 1 sold · 39d
September 2026 by property type
How each housing type performed last month — 25 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 26 | 35 | -25.71% | 308 | 404 | -23.76% |
| Median Sale Price | $429,975 | $428,000 | +0.46% | $439,998 | $450,426 | -2.32% |
| Median DOM | 28 | 25 | +12.00% | 36 | 25 | +44.00% |
| Sale-to-List Ratio | 98.20% | 99.78% | -1.58% | 99.15% | 99.73% | -0.58% |
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.