Market analytics
Millcreek, 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
Millcreek closings thin out in June as rising rates meet peak selling season
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Only 25 homes closed in Millcreek in June 2026, down 26.5% from May's 34 and well off last June's 43 — even as active listings kept climbing to 132, up from 120 in May and 100 in April. That's a market shifting shape in real time: more homes to choose from, fewer buyers pulling the trigger each month, right in the middle of the warm-weather stretch that usually favors sellers around the Wasatch Front.
Market pulse
Median days on market held near 13 for a third straight month — 12 in April, 13 in May, 13 in June — with the fastest quarter of homes closing in just 3 days, down from 4 in April and May. But the sales-volume trend runs the other way: 37 sold in April, 34 in May, 25 in June, a steady step down even as new listings stayed near 46-68 a month and active inventory more than doubled from January's 67 to June's 132. At this pace it would take about 5 months to sell everything currently listed, up from roughly 2 months back in January. Homes selling below list price also crept back up to 15 of 25 closings, after May's tighter 17-of-34 split.
Mortgage context
The 30-year averaged 6.19% back in February and has climbed to 6.66% for June's monthly average, with today's spot rate at 6.875% — up 0.25 percentage points from 6.625% just 30 days ago. That kind of move adds real cost fast for anyone financing a Millcreek home near the $650,000 median, and it's a plausible piece of why June's closings came in lighter than May's.
Payment math
A $650,000 median-priced Millcreek home with 20% down runs $3,416 a month in principal and interest at today's 6.875% rate, $86 more than the $3,330 payment 30 days ago when rates sat at 6.625%, and $235 above the $3,181 payment buyers locked in back in February's 6.19% low.
If you're buying
With 132 homes active against just 25 June closings, buyers have more room to negotiate than at any point this year — target listings in Opus Green or Quailbrook East that have sat past 60-70 days, where sellers are more likely to take offers below list. Get pre-approved before rate-locking, since the 0.25-point jump in the last 30 days already adds $86 a month to a median-priced purchase.
If you're selling
Price close to what's actually closing in your band — the 400-700k segment sold at a $578,900 median with just 6 days on market in June, while over-$700K homes took 17 days and under-$400K listings moved in 13. With price-cut counts rising to 8 of June's closings, don't wait past 30 days to adjust if showings go quiet; the sale-to-list ratio at 99.64% shows most sellers are still landing close to asking, but that cushion is thinner than May's 100.04%.
Outlook
Expect inventory to keep building through late summer unless new listings pull back from their 46-68/month pace, which would push the months-of-supply figure higher than June's 5. If the 30-year holds near 6.875% or climbs further, buyer urgency along the I-215/Wasatch Boulevard corridor is likely to keep cooling closings even as homes sit closer to the 13-day median rather than the 60-plus-day waits seen last December.
Watch for
If new listings stay above 45 a month while closings keep tracking near 25-30, months-of-supply likely drifts from June's 5 toward 7 or 8 by September, tipping more of the market into buyer-favorable pricing.
"Millcreek's supply keeps climbing while fewer buyers close the deal"
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
25 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 13 · 25th percentile 3 · 75th percentile 30
Needed a price change
Sold listings that had a recorded price change before close
8 of 25 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. The Ivy 2 sold · $600K · 0d
- 2. Opus Green 2 sold · $524K · 73d
- 3. Park 1 sold · $2,361K · 3d
- 4. Highland Circle 1 sold · $1,600K · 30d
- 5. Mount Olympus Acres 1 sold · $1,400K · 3d
June 2026 by property type
How each housing type performed last month — 24 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 25 | 43 | -41.86% | 191 | 178 | +7.30% |
| Median Sale Price | $650,000 | $522,000 | +24.52% | $626,002 | $579,965 | +7.94% |
| Median DOM | 13 | 14 | -7.14% | 19 | 19 | 0.00% |
| Sale-to-List Ratio | 99.64% | 98.51% | +1.15% | 98.95% | 98.74% | +0.21% |
Past months
Browse historical Millcreek reports — each month's snapshot stays at its own permanent URL.
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.