Market analytics · September 2026 archive
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
September 2026 · Market Analysis
Millcreek sellers wait longer as 138 listings meet a 7.5% rate
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Homes in Millcreek took a median 22 days to sell in September, up from 17 in August, and the median home price came in at $737,500. Buyers have more to choose from, with 138 active listings against 88 a year ago. Still, homes closed at 99.9% of list and 8 of 28 sold above asking, so this is a balanced real estate market with the top end carrying the pace. Homes for sale were asking a median $599,400, well under what actually closed, so go by recent sales rather than list prices.
Market pulse
Inventory is the longer story. Active listings rose from 74 in April to 138 in September. Closings have stayed in a narrow band of 24 to 28 a month since July, so the extra homes are sitting. Median days on market fell to 8 in July and has since climbed to 22. A quarter of September's homes took longer than 140 days, mostly in the under-$400,000 and mid-range groups, as Opus Green's two sales at a median 160 days show.
Mortgage context
Fifteen of September's 28 closings were above $700,000, and that group sold in a median 6 days, so rate pressure barely slowed them. The $400,000 to $700,000 range is where payments pinch. Ten homes there took a median 36 days and closed at a median $534,500. The 30-year rate has risen 0.375 percentage points in 30 days.
Payment math
Financing Millcreek's $738,000 median home with 20% down costs $4,125 a month at 7.5%, which is $150 more than the $3,975 at 7.125% thirty days ago and $427 above April's $3,698 low, when rates averaged 6.42%.
If you're buying
Look in the $400,000 to $700,000 range, where homes took a median 36 days and sellers have had time to soften. Opus Green is the clearest example: two homes closed there at a median $505,000 after 160 days. Of September's 28 closings, 12 took a price cut first, so ask what a listing's history looks like before you offer.
If you're selling
Buyers paid 99.9% of list in September, but that average hides a split. Homes above $700,000 sold in a median 6 days, while sub-$700,000 homes lingered. Canyon Rim Add had two sales at a median $1,070,000 in 5 days, so strong homes still get taken. If yours is mid-priced, price it right from the first day, because with 138 homes for sale a stale listing costs more than a lower price.
Outlook
Fall usually firms things up briefly before winter, but this year's inventory gives buyers more time to decide. New listings fell to 53 in September from 63 in August, which could slow the supply build. With the 30-year at 7.5%, expect days on market to keep stretching into December, especially below $700,000.
Watch for
If new listings stay near 53 a month while closings hold near 28, supply would stay around 5 months; a drop in closings to the low 20s would push it toward 6 months by winter.
"Millcreek's big-ticket homes still move while the middle waits"
Common questions about Millcreek this month
What is the median home price in Millcreek? ▾
The median home price in Millcreek was $737,500 in September 2026, from 28 closings. The average sale price was $821,364. Fifteen sales over $700,000, at a median $950,000, pull the average above the median. Homes for sale were asking a median $599,400.
Is the Millcreek housing market slowing down? ▾
Parts of it are. Median days on market rose to 22 in September from 17 in August, and active listings reached 138 from 115. Prices held up, though, with homes closing at 99.9% of list. The slowdown is mostly in homes under $700,000.
How much is my Millcreek home worth? ▾
Millcreek homes closed at a median $737,500 in September, at about 99.9% of list, in a median 22 days. Your own home's value depends on similar homes sold near you recently. Over $700,000, homes moved in 6 days. Below that, they took longer.
How much has the mortgage rate changed the monthly payment in Millcreek? ▾
At the 7.5% 30-year rate, principal and interest on the $738,000 median home with 20% down is $4,125 a month. That is $150 more than 30 days ago. It is $427 above April's level, when rates averaged 6.42%.
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
36 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 40 · 25th percentile 6 · 75th percentile 108
Needed a price change
Sold listings that had a recorded price change before close
16 of 36 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. Opus Green 3 sold · 107d
- 2. Canyon Rim 2 sold · 4d
- 3. The Ivy 2 sold · 18d
- 4. Hidden Lake 2 sold · 84d
- 5. Millbrook Heights 2 1 sold · 3d
- 6. Nel Ranche 1 sold · 10d
- 7. Legend Lane 1 sold · 4d
- 8. Millbrook Heights 1 sold · 5d
September 2026 by property type
How each housing type performed last month — 36 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 36 | 43 | -16.28% | 315 | 289 | +9.00% |
| Median Sale Price | $606,150 | $678,400 | -10.65% | $630,012 | $608,737 | +3.49% |
| Median DOM | 40 | 29 | +37.93% | 23 | 21 | +9.52% |
| Sale-to-List Ratio | 99.36% | 98.37% | +1.01% | 98.63% | 98.58% | +0.05% |
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.