Market analytics · October 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
October 2026 · Market Analysis
Murray's October closings drop to 28 as 208 homes wait for buyers
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Only 28 homes closed in Murray in October, down from 36 in September and 47 a year ago. The median home price was $454,600, well under the $548,000 of October 2025, though a month with this few sales can swing the median. Buyers now have the upper hand in the housing market: 208 homes were active, about 7.5 months of supply, and the typical sale reached 97.4% of list.
Market pulse
Supply is the bigger movement. Homes for sale grew from 94 in February to 208 in October, while new listings stayed near 60 a month. Closings meanwhile fell from 48 in June to 28 in October. The slower pace shows up in days on market too: a quarter of homes took 100 days or longer to sell, up from 65 in September, and 14 of October's 28 closings took a price cut first.
Mortgage context
Murray's October sales split three ways: 11 under $400,000, 13 between $400,000 and $700,000, and 4 above $700,000. The middle band is where most of the monthly payment pain sits, since its $529,000 median costs far more to finance than the $367,000 entry-level median. The 30-year rate has eased 0.375 percentage points over the past 30 days, which helps a little but hasn't brought buyers back.
Payment math
Financing Murray's $455,000 median home with 20% down costs $2,512 a month at 7.375%, which is $94 less than the $2,605 payment 30 days ago at 7.75%, but still $232 above the $2,280 payment of April's low, when rates averaged 6.42%.
If you're buying
Homes above $700,000 are the slowest-moving group, with 4 closings at a median of 60 days, so that is where a price cut is most likely. In Walden Hill, two homes closed at a median $649,788 after 103 days, a sign sellers there have already adjusted. Ask about seller-paid rate help on anything that has passed 100 days.
If you're selling
The median list price was $518,950, but homes closed at a median $454,600, so asking prices are running ahead of buyers. Your home's value follows what has closed nearby, and 21 of 28 October sales went below list. Price to those recent sales from day one. Homes in the $400,000 to $700,000 range had the quickest turnaround at 20 days, which rewards a sharp starting price.
Outlook
November and December usually bring fewer showings, and with 208 homes already listed, buyers should keep the advantage. A modest rate pullback could lift closings from October's 28, but new listings near 61 a month would keep supply high. Sellers who list in the winter will compete with homes that have been sitting since summer, like those in Village Gardens, where two sales took a median 140 days.
Watch for
If closings stay near 28 a month and new listings hold around 61, inventory could pass 8 months of supply by January, and the sale-to-list ratio could slip toward 96%.
"Murray's quiet fall: shrinking sales, growing inventory"
Common questions about Murray this month
What is the median home price in Murray? ▾
The median home price in Murray was $454,600 in October 2026, based on 28 closings. The average sale price was $487,372. The average is higher because four sales above $700,000, at a median $789,788, pull it up. The median list price was $518,950, so asking prices were running above what homes closed for.
Is the Murray housing market slowing down? ▾
Yes. Murray closings fell to 28 in October from 36 in September, while active listings rose to 208 from 177. Median days on market increased to 35 from 29. That adds up to about 7.5 months of supply, which favors buyers.
How much is my Murray home worth? ▾
Start from October's median sale price of $454,600 and the 97.4% sale-to-list ratio. Homes took a median 35 days to sell. Your own home's value depends on what similar homes nearby closed for, so check recent sales on your street and in your subdivision.
How long do homes take to sell in Murray? ▾
The median was 35 days in October 2026, up from 29 in September. A quarter of homes took 100 days or longer. Homes between $400,000 and $700,000 moved fastest at a median 20 days.
Did mortgage rates help Murray buyers in October? ▾
A little. The 30-year rate was 7.375% in early November, down 0.375 percentage points from 7.75% 30 days earlier. On Murray's median home that cuts the payment by $94 a month to $2,512. It is still $232 above April's level.
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
30 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 35 · 25th percentile 16 · 75th percentile 107
Needed a price change
Sold listings that had a recorded price change before close
15 of 30 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. Walden Hill 2 sold · 103d
- 2. Village Gardens 2 sold · 140d
- 3. Springtree 2 sold · 39d
- 4. Shays Lane 1 sold · 82d
- 5. Paradise Park 1 sold · 13d
- 6. Brookstone 1 sold · 3d
- 7. Murray Dale Sub Add 3 1 sold · 4d
- 8. Chevy Chase 1 sold · 14d
October 2026 by property type
How each housing type performed last month — 29 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 30 | 47 | -36.17% | 353 | 481 | -26.61% |
| Median Sale Price | $477,500 | $548,000 | -12.86% | $520,903 | $521,197 | -0.06% |
| Median DOM | 35 | 27 | +29.63% | 31 | 27 | +14.81% |
| Sale-to-List Ratio | 97.26% | 98.86% | -1.62% | 98.27% | 98.93% | -0.67% |
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.