Market analytics · October 2026 archive
Midway, 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
Midway sellers wait 79 days as October's price cuts and thin listings collide
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Homes in Midway took a median 79 days to sell in October, up from 45 in September, even though the median home price rose to $1,100,000. That is the slow end of a balanced-to-buyer-friendly housing market: 98 homes were for sale, and sellers got 94.3% of list on average. A year ago the median sale price was $787,500 and homes closed in 35 days, so the pace has changed more than the price. The median list price of $874,500 sits well below what closed, which means the homes that sold were mostly pricier than what is currently listed.
Market pulse
Time to sell is the story. Median days on market went from 29 in April to 79 in October, and a quarter of October's homes took 128 days or longer. Listings grew from 69 in April to 98 in October, but new listings dropped to 12 in October from 27 in September, so fresh supply is drying up. Six of October's 15 closings took a price cut first, and only 2 sold above list.
Mortgage context
Eleven of October's 15 closings were above $700,000, so most buyers here are borrowing jumbo-sized loans where a rate change moves the payment by hundreds of dollars. Only 3 closed between $400,000 and $700,000, and one under $400,000. The 30-year rate has eased 0.375 percentage points in 30 days, which helps, but it is still a full point above April's average.
Payment math
Buying at Midway's $1,100,000 median home price with 20% down costs $6,078 a month in principal and interest at 7.375%, which is $226 less than 30 days ago at 7.75%, yet still $562 above the April low of $5,516 when rates averaged 6.42%.
If you're buying
Target homes that have already passed 80 days on market and ask for a price cut or seller-paid rate help; 12 of 15 closings went below list. In Swiss Oaks, three condos closed at a median $495,000 after 135 days, so that is where patience paid off. Sunburst Ranch had two sales at a median $956,500 after 108 days, a better entry point than the million-dollar-plus areas.
If you're selling
Your home's worth is set by what closed nearby, not by the $874,500 median list price, which is skewed by what happens to be listed. Expect about 94% of list and price accordingly, because homes that start high are collecting cuts. If you list in a pocket like Valais or Canyon View, where homes closed in 76 and 35 days, price sharply from day one.
Outlook
Winter will likely thin showings and new listings further, and the 98 homes already for sale will carry the market. Closings should stay in the low teens at best through January. If rates keep easing, the buyers who paused at 7.75% may return, which would help the lower-priced homes first.
Watch for
If new listings stay near October's 12 a month while closings hold around 15, supply would drop toward 5 months by January and the sale-to-list ratio could recover into the mid-95% range.
"Midway's October stall, where big-ticket sales closed but the typical home sat nearly three months"
Common questions about Midway this month
What is the median home price in Midway? ▾
The median home price in Midway was $1,100,000 in October 2026, and the average sale price was $1,527,633. The average is higher because a few very large sales pull it up: Whitaker Farm closed at $5,525,000 and Midway Farms at $3,050,000. The median list price was $874,500, lower than what closed.
Is the Midway housing market slowing down? ▾
Yes, on pace. Homes took a median 79 days to sell in October 2026, up from 45 in September and 35 a year ago. Sale-to-list slipped to 94.3% from 95.4%, and 98 homes were for sale, about 6.5 months of supply.
How much is my Midway home worth? ▾
Midway homes closed at a median $1,100,000 in October, at 94.3% of list and after 79 days. Your home's value depends on similar homes sold near you, since prices range from $285,000 to over $5 million. A recent comparable-sales review in your subdivision is the real answer.
How have mortgage rates changed Midway payments? ▾
At the median price of $1,100,000 with 20% down, the payment is $6,078 a month at 7.375%. That is $226 less than 30 days ago, but $562 more than in April. Rates are easing, though not back to spring levels.
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
15 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 79 · 25th percentile 38 · 75th percentile 128
Needed a price change
Sold listings that had a recorded price change before close
6 of 15 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. Swiss Oaks 3 sold · 135d
- 2. Homestead Hotel 2 sold · 60d
- 3. Sunburst Ranch 2 sold · 108d
- 4. Whitaker Farm 1 sold · 31d
- 5. Midway Farms 1 sold · 41d
- 6. River Meadows Ranch 1 sold · 68d
- 7. Canyon View 1 sold · 35d
- 8. Valais 1 sold · 76d
October 2026 by property type
How each housing type performed last month — 12 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 15 | 18 | -16.67% | 127 | 132 | -3.79% |
| Median Sale Price | $1,100,000 | $787,500 | +39.68% | $1,042,038 | $988,618 | +5.40% |
| Median DOM | 79 | 35 | +125.71% | 51 | 45 | +13.33% |
| Sale-to-List Ratio | 94.28% | 98.12% | -3.91% | 95.89% | 96.17% | -0.29% |
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.