Market analytics · October 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
October 2026 · Market Analysis
Magna's October wait drops to 24 days, but 144 listings keep buyers in charge
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Homes that closed in Magna in October took a median 24 days to sell, down from 29 in September, and the median home price was $420,000. Only 21 homes closed, against 25 a year ago, while active listings reached 144. At that pace it would take about 7 months to sell everything listed, so this housing market favors buyers even though deals are closing faster. Homes sold for about 98.8% of list, and the median list price of $424,900 was only slightly above what actually closed.
Market pulse
Active listings rose from 102 in April to 144 in October, and the count went up in most months between. New listings fell to 36 in October from 46 in September, so the growth comes from homes not selling rather than a rush of new sellers. Closings slipped from 25 to 21 over the same month. Little Valley Gateway was the busiest area with three sales at a median $406,000 after 32 days, while Dixon Downs had one sale at $675,000 after 46 days.
Mortgage context
Fourteen of October's 21 closings landed between $400,000 and $700,000, at a median $459,000, and those buyers feel the rate most. The other seven closed under $400,000 at a median $347,500. The 30-year rate has eased over the past 30 days, which helps, but it is still well above spring.
Payment math
Financing the $420,000 median home with 20% down costs $2,321 a month in principal and interest at 7.375%, which is $86 less than 30 days ago at 7.75%, but still $215 above April's $2,106 payment when rates averaged 6.42%.
If you're buying
Look at homes in the $400,000 to $700,000 range, where the median closing took 23 days and about 9 of October's 21 sales closed under list price. Homes with a price cut already are the best place to ask for seller-paid rate help. In Little Valley Gateway, where the median sale was $406,000, you have more comparable sales to argue from than anywhere else in Magna.
If you're selling
Your home's value follows recent closings, and those closed at 98.8% of list in October, not 100%. Price near the $420,000 median if your home is typical, because 144 competing listings give buyers plenty of alternatives. Six of 21 homes still sold above list, so a clean, well-priced home in Mahogany Ridge or Little Valley Gateway can still draw a strong first week.
Outlook
Expect fewer showings and fewer new listings through the winter, which usually lets inventory ease only if closings hold up. With about 7 months of supply, buyers keep the upper hand into early spring. Rate direction will matter more than the calendar, since 7.375% is down from last month but still high.
Watch for
If new listings stay near 36 a month while closings stay near 21, supply would rise past 8 months and sale-to-list would likely slide toward 97% by late winter.
"Magna got quicker in October, yet the crowd of listings kept growing"
Common questions about Magna this month
What is the median home price in Magna? ▾
The median home price in Magna was $420,000 in October 2026, down from $430,000 in September and up from $405,000 a year ago. The average sale price was $436,070. The average is higher because the top sales, like the $675,000 Dixon Downs home, pull it up, and no homes sold above $700,000. The median list price was $424,900.
Is Magna a buyer's or seller's market right now? ▾
Magna leans toward buyers in October 2026. There were 144 active listings, about 7 months of supply, and homes closed at 98.8% of list. Homes did sell faster, with a 24-day median against 29 in September.
How much is my Magna home worth? ▾
Magna's median sale price was $420,000 in October, and homes closed at about 98.8% of list in a median 24 days. Six of 21 sold above list and nine below. Your own home's value depends on similar recent sales nearby, so compare your street or subdivision rather than the citywide figure.
How long does it take to sell a home in Magna? ▾
Homes that sold in Magna in October took a median 24 days, down from 29 in September and 49 a year ago. A quarter closed within 4 days, and three-quarters within 32 days. Homes between $400,000 and $700,000 took 23 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
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
22 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 24 · 25th percentile 6 · 75th percentile 32
Needed a price change
Sold listings that had a recorded price change before close
8 of 22 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. Little Valley Gateway 3 sold · 32d
- 2. Dixon Downs 1 sold · 46d
- 3. Mahogany Ridge 246 1 sold · 15d
- 4. Pleasant Gre 1 sold · 24d
- 5. Sunny Hollow 1 sold · 4d
- 6. Country Creek 1 sold · 28d
- 7. Centennial Village 7 1 sold · 26d
- 8. Vega Park 1 1 sold · 18d
October 2026 by property type
How each housing type performed last month — 21 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 22 | 25 | -12.00% | 330 | 429 | -23.08% |
| Median Sale Price | $427,500 | $405,000 | +5.56% | $439,164 | $447,779 | -1.92% |
| Median DOM | 24 | 49 | -51.02% | 35 | 27 | +29.63% |
| Sale-to-List Ratio | 98.83% | 100.17% | -1.34% | 99.13% | 99.75% | -0.62% |
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.