Market analytics · May 2026 archive
North Salt Lake, 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
May 2026 · Market Analysis
North Salt Lake closings accelerate even as inventory builds and rates climb.
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The defining story in North Salt Lake this May is how quickly homes are moving despite a growing supply of choices. Median days on market fell to 12 in May 2026 — down from 16 in both March and April, and less than half the 30-day median recorded in May 2025. That speed-up happened even as active inventory climbed to 90 homes, up from 75 in April and 50 a year ago, meaning buyers are finding more options and still choosing to act fast.
Market pulse
Days on market in North Salt Lake have traced a clear arc over the past six months: 44 days in December 2025, 33 in January, 42 in February, then a sharp drop to 16 in March, 16 again in April, and 12 in May — the fastest median close time in this six-month run. The sale-to-list ratio recovered to 99.63% in May after dipping to 97.49% in February, signaling that well-priced homes are drawing near-ask or better offers again. Active inventory continued its spring climb, reaching 90 homes in May from 75 in April and 59 in February, while new listings held steady at 42 — nearly matching April's 43. Closed volume of 23 homes in May is consistent with the prior 12-month average of 21, so demand is keeping pace with the supply build rather than falling behind it.
Mortgage context
The 30-year fixed rate now sits at 6.75%, up 0.25 percentage points from 6.50% thirty days ago, and well above the February monthly average of 6.19% — the low point of the past several months. That climb from February's low to today's rate has added meaningful cost to every purchase in North Salt Lake, and the month-over-month move alone pushed the monthly principal-and-interest payment up $74 on a median-priced home here. Buyers using FHA or VA financing at 6.25% have a modest cushion, but the conventional rate trajectory is working against affordability at a time when median prices are also rising.
Payment math
On a median-priced home here — about $559,000 with 20% down — the monthly principal-and-interest payment lands at $2,901 at 6.75% — $74 more than 30 days ago at 6.50%, and $165 above the February low when rates averaged 6.19% and the payment would have been $2,736.
If you're buying
Target homes that have been sitting past 35 days on market — a quarter of May closings took longer than 37 days, and those sellers are more likely to negotiate on price or concessions given the 99.63% sale-to-list ratio applies mostly to fresh, well-priced listings. In the Foxboro and Foxboro Coventry neighborhoods, homes are moving in under a week, so come prepared with financing locked and a clean offer; in Clifton Place Townhomes, the median days on market was 43 in May, suggesting more room to negotiate in that attached-home segment.
If you're selling
Price to the current market, not to last spring's numbers — the sale-to-list ratio is strong at 99.63%, but only for homes that enter correctly; the 10 closings that sold below list in May show that overpriced listings are still getting cut. Foxboro sellers in particular are seeing fast results (median 6 days on market, 5 closings in May), so condition and presentation matter more than ever when buyers are deciding quickly. If you're in the Eaglepointe Estates corridor or the upper-end Eaglewood Cove area, budget for a longer marketing period — luxury homes above $700K took a median of 8 days in May, but that segment is thin and one slow month can stretch timelines considerably.
Outlook
With 90 active listings and 42 new listings coming in monthly, North Salt Lake's supply is the most it has been this spring cycle, which gives buyers more options heading into summer. However, the rate environment — now at 6.75% and trending upward — is likely to keep a ceiling on how many buyers can qualify at the median price point of $559,000, which could slow closings modestly in June and July. Sellers who price accurately and move quickly through the spring window will be better positioned than those who wait for a rate pullback that may not arrive before fall.
Watch for
If the 30-year fixed rate crosses 7.00%, expect days on market to drift back toward the 20-25 day range and the sale-to-list ratio to slip below 98% as the pool of qualified buyers at North Salt Lake's median price point narrows further.
"Homes selling faster than a year ago — but rising rates are quietly raising the cost of every offer."
Common questions about North Salt Lake this month
Is North Salt Lake a buyer's or seller's market in May 2026? ▾
It's a split picture. Well-priced homes in established neighborhoods like Foxboro are selling in under a week at nearly full asking price, which favors sellers. But with 90 active listings and inventory growing each month, buyers have more choices than at any point this spring — and homes that sit past 35 days are seeing real negotiating room. Call it a seller's market for move-in-ready, correctly priced homes and a more balanced market for everything else.
How fast are homes selling in North Salt Lake right now? ▾
The median days on market in May 2026 was 12 days — meaning half of all closings went under contract within less than two weeks of listing. A quarter of homes sold in 4 days or fewer. That's significantly faster than May 2025, when the median was 30 days, and faster than the winter months when it stretched to 33-44 days.
What is the typical home price in North Salt Lake in May 2026? ▾
The median sale price in May 2026 was $559,000, up from $485,000 in May 2025 — a gain of about $74,000 year over year. The $400,000–$700,000 price band accounted for 17 of the 23 closings, with a median sale price of $490,000 in that range. Six homes closed above $700,000, with a median of $860,000.
Are homes in North Salt Lake selling above asking price? ▾
Some are, but it's not the norm. In May 2026, 5 of 23 closings sold above list price, 8 sold at list, and 10 sold below — so the majority of transactions closed at or under asking. The overall sale-to-list ratio of 99.63% means sellers are getting very close to their asking price on average, but multiple-offer situations are not universal the way they were in prior years.
How do rising mortgage rates affect buying a home in North Salt Lake? ▾
At today's 6.75% rate, the monthly principal-and-interest payment on a median-priced $559,000 home with 20% down is $2,901. That's $165 more per month than it would have been in February when rates averaged 6.19% — a meaningful difference over a 30-year loan. Buyers who can qualify for FHA or VA financing at 6.25% will see a lower payment, and it's worth checking those options if you're near the conforming loan limits for Davis County.
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 ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 12 · 25th percentile 4 · 75th percentile 37
Needed a price change
Sold listings that had a recorded price change before close
1 of 23 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. Foxboro 5 sold · $559K · 6d
- 2. Foxboro Coventry 2 sold · $418K · 2d
- 3. Clifton Place Townhomes 2 sold · $415K · 43d
- 4. Eaglepointe Estates 1 sold · $950K · 0d
- 5. Oak View Hollow Sub 1 sold · $900K · 0d
May 2026 by property type
How each housing type performed last month — 22 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 21 | +9.52% | 109 | 86 | +26.74% |
| Median Sale Price | $559,000 | $485,000 | +15.26% | $523,202 | $499,932 | +4.65% |
| Median DOM | 12 | 30 | -60.00% | 23 | 27 | -14.81% |
| Sale-to-List Ratio | 99.63% | 98.46% | +1.19% | 98.68% | 98.77% | -0.09% |
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.