Market analytics · September 2026 archive
Murray, 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
Murray's median days on market drop to 6 while 171 listings wait
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Murray's housing market sold quickly in September, with a median of 6 days on market, down from 17 in August and 29 a year ago. The median home price was $533,950, and buyers paid 99.1% of list. Supply is the other half of the story: 171 homes were active against 26 closings, about 6.5 months of inventory, so the speed is coming from well-priced homes rather than a shortage.
Market pulse
Active listings rose from 88 in April to 171 in September, and new listings (63) keep arriving faster than homes close. Closings did recover to 26 from August's 20, though that is still under the 47 of September 2025. The sale-to-list ratio rebounded to 99.1% from 96.6% in July. Homes from $400,000 to $700,000 took a median 5 days. The four sales under $400,000 took 142.
Mortgage context
Most of September's closings, 17 of 26, landed between $400,000 and $700,000, and that is the range where the jump in rates shows up in monthly budgets. The 30-year rate has risen 0.375 percentage points over the past 30 days. The four homes under $400,000 took a median 142 days, which suggests entry-level buyers are hesitating most.
Payment math
Buying at Murray's median home price of $534,000 with 20% down means a payment of $2,987 a month at 7.5%, which is $109 more than 30 days ago at 7.125% and $309 above April's low, when rates averaged 6.42% and the payment would have been $2,678.
If you're buying
Homes that have already sat for weeks are the ones to push on. Four sales under $400,000 took a median 142 days, so expect a real discount there. In the $400,000 to $700,000 range, homes go in about 5 days, so have financing ready before you tour. Vine Street, where two homes sold in a median 4 days near $540,950, shows how fast well-priced homes move.
If you're selling
Your home is one of 171 listings, and 10 of September's 26 closings took a price change first. Price at what similar homes just sold for, not at the $510,000 median list price. Buyers paid 99.1% of list, so a correct first price matters more than leaving room to cut. Homes over $700,000 sold in a median 6 days, so top-end sellers still have pull, as Fontaine Bleu at $855,000 in 4 days showed.
Outlook
October through December normally brings fewer tours, and with 171 homes for sale, listings may linger. Rates at 7.5% add a drag on buyers in the middle range. Sellers who price correctly should still see quick sales like September's, but the margin for error is thin.
Watch for
If new listings stay near 63 a month while closings hold near 26, supply would pass 7 months by December and push sale-to-list back toward the 96% to 97% of July.
"Murray's quick sales sit on top of a much longer list of homes"
Common questions about Murray this month
What is the median home price in Murray? ▾
The median home price in Murray was $533,950 in September 2026, and the average sale price was $547,464. The average runs higher because five sales over $700,000, at a median $789,900, pull it up. The median list price was $510,000.
Is the Murray housing market slowing down? ▾
Sales are quick, but supply is building. In September 2026 homes took a median 6 days to sell, yet active listings reached 171, up from 139 in August. That is about 6.5 months of supply, which leans toward buyers.
How much is my Murray home worth? ▾
Murray homes sold for a median $533,950 in September, at 99.1% of list price and a median 6 days on market. Your own home's value depends on recent sales of similar homes nearby. Price by that sales data rather than by asking prices.
How have rates changed the monthly payment in Murray? ▾
At 7.5%, principal and interest on a median-priced Murray home with 20% down is $2,987 a month. That is $109 more than 30 days ago. It is $309 more than in April, 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 29 · 25th percentile 9 · 75th percentile 65
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. Cottonwood Creek 3 sold · 9d
- 2. Bullion 2 sold · 157d
- 3. Vine Street 2 sold · 53d
- 4. Three Fountains East 2 sold · 141d
- 5. Cottonwood Coves 2 sold · 89d
- 6. Bella Vie 1 sold · 20d
- 7. Fontaine Bleu 1 sold · 4d
- 8. Erekson Dairy 1 sold · 6d
September 2026 by property type
How each housing type performed last month — 37 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 36 | 47 | -23.40% | 323 | 434 | -25.58% |
| Median Sale Price | $533,950 | $515,306 | +3.62% | $524,935 | $518,295 | +1.28% |
| Median DOM | 29 | 29 | 0.00% | 31 | 27 | +14.81% |
| Sale-to-List Ratio | 98.26% | 98.86% | -0.61% | 98.36% | 98.94% | -0.59% |
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.