Market analytics · April 2026 archive
Pleasant Grove, 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
April 2026 · Market Analysis
Pleasant Grove closings accelerate in April as spring buyers skip the wait
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The defining story in Pleasant Grove's April 2026 market is speed. Median days on market dropped to 17 days — down from 28 in March and less than half the 36-day median recorded in April 2025 — signaling that motivated buyers are moving decisively once they find the right home. That acceleration came alongside 33 closings at a median sale price of $545,000, up from $485,000 a year ago, even as the number of closings slipped from 41 in April 2025. Active inventory climbed to 93 homes, the most since at least last summer, giving buyers more to choose from than they had at any point this past winter.
Market pulse
Median DOM in Pleasant Grove has been volatile over the past six months but the April reading of 17 days is the sharpest close-to-list-date pace in that stretch: it ran 18 days in November, spiked to 53 days in December, pulled back to 24 in January, dipped to 17 in February, widened again to 28 in March, and has now returned to 17 in April. The sale-to-list ratio ticked back up to 99.49% in April — matching January's reading and recovering from March's 98.65% — with 13 homes selling at list price and 7 above it, a meaningful shift from March when only 3 sold at list. New listings reached 51 in April, the most of any month in the six-month window, pushing active inventory to 93 homes from 77 in both February and March; supply is building, but the pace of closings (33) is keeping absorption at a manageable 2.82 months. The $400K–$700K band, which accounted for 20 of 33 closings, continues to carry the market, with a median sale of $534,950 and a brisk 18-day median DOM in that segment.
Mortgage context
The 30-year fixed rate sits at 6.625% today, up 0.375 percentage points over the past 30 days from 6.25%, and 0.43 pp above February's monthly average of 6.19% — the softest rate of the past six months. That February window briefly made Pleasant Grove homes the most affordable they had been since late 2024; buyers who locked then are carrying meaningfully lower payments than those entering the market now. The rate trajectory since February — 6.19% → 6.48% in March → 6.42% in April → 6.625% today — has steadily compressed purchasing power, and with jumbo rates at 7.375%, the luxury segment above $700K faces a particularly steep financing hurdle.
Payment math
On a median-priced home today, P&I lands at $2,792/mo at 6.625% — $107/mo more than 30 days ago at 6.25%, and $124/mo above the February low when rates averaged 6.19% and P&I would have been $2,668.
If you're buying
Target homes in the $400K–$700K range that have been sitting past 30 days on market — the p75 DOM in April was only 34 days, so anything beyond that threshold is genuinely stale and sellers in that cohort are more likely to negotiate. In the Grove Acres and Tayside Farm neighborhoods, recent closings have come in at or near list price within 18 days, so well-priced homes in those communities are not waiting; come prepared with financing confirmed and a clean offer. If you're considering the sub-$400K segment — condos near the Maplewood and Town Center Condo corridors — note that median DOM there ran 35 days in April, giving you slightly more leverage than in the mid-range band.
If you're selling
With 51 new listings hitting the market in April and active inventory at 93 homes, Pleasant Grove sellers are competing with more supply than at any point this past winter — price discipline matters more now than it did in January or February. Homes in the $400K–$700K band are closing fastest (18-day median DOM), so if your property falls in that range and is priced accurately, you can still expect a quick, near-list-price outcome; the 13 at-list and 7 above-list closings in April confirm that well-positioned homes are not sitting. Sellers in the over-$700K segment — including properties in Siena Heights and Hawkes Landing — should be aware that jumbo financing at 7.375% is compressing the buyer pool; pricing 2–3% under recent comps and offering rate-buydown concessions will likely shorten your time on market meaningfully.
Outlook
Over the next 60–90 days, Pleasant Grove's market will be shaped by two competing forces: a seasonal inventory build that typically continues through June as new construction permitting activity picks up along the I-15 corridor, and a rate environment that has climbed 0.43 pp since February's low and shows no sign of retreating. If new listings continue running above 40–50 per month, active inventory could push past 110–120 homes by June, which would give buyers in the $400K–$700K band more negotiating room than they have had in over a year. Buyers considering a move from higher-priced neighboring markets like Lehi or Draper may find Pleasant Grove's mid-range segment increasingly attractive as a value alternative, but the rate headwind means monthly payment math — not just list price — should anchor every purchase decision.
Watch for
If the 30-year fixed rate crosses 7% before July, expect median DOM in Pleasant Grove's over-$700K segment to widen past 60 days and months-of-supply to climb toward 4.0 or above as jumbo-dependent buyers step back.
"Pleasant Grove's spring reset: faster closings, more listings, and a rate headwind buyers can't ignore."
Common questions about Pleasant Grove this month
Is Pleasant Grove a buyer's or seller's market in April 2026? ▾
It's a balanced-to-slight-seller's market in the $400K–$700K range, where homes are closing in 18 days at a 99.49% sale-to-list ratio. Above $700K the picture shifts — jumbo rates at 7.375% are thinning the buyer pool, and median DOM in that band was 15 days in April but only 8 homes closed, so the sample is thin. Buyers in the mid-range have more active listings to choose from (93 total) than at any point this winter, but well-priced homes are still moving quickly.
Why did median days on market drop so sharply in April compared to March? ▾
March's 28-day median DOM was partly a function of the mix of homes that closed — including some longer-sitting inventory in Blackhawk Estates and the under-$400K segment. April's closings skewed toward the $400K–$700K band (20 of 33 sales), which has consistently been the fastest-moving segment in Pleasant Grove. The spring shoulder season also brings more motivated buyers off the sidelines after the mud-season slowdown, compressing the time between list and contract.
How much more does it cost to buy in Pleasant Grove today versus earlier this year? ▾
At today's 6.625% rate, the principal-and-interest payment on a $545,000 median-priced home is $2,792/mo — $107/mo more than 30 days ago when rates were 6.25%, and $124/mo above February's low when the 30-year averaged 6.19% and P&I would have been $2,668. That $124/mo difference compounds to nearly $1,500 over a year, which is meaningful for buyers stretching to the top of their budget.
What neighborhoods in Pleasant Grove are seeing the most activity right now? ▾
Tayside Farm produced 2 closings in April at a median of $529,492 and 18-day DOM, consistent with its activity over the past year. Grove Acres has been a recurring top subdivision across multiple months, with closings typically in the $865K–$1M range and relatively brisk DOM. Siena Heights has appeared in both January and April with high-end closings (over $1.2M) at very short DOM, suggesting strong demand for newer luxury product in that community. The Maplewood and Town Center Condo areas represent the more affordable end of the market, with recent closings in the $300K–$320K range.
Should I wait for rates to drop before buying in Pleasant Grove? ▾
Rates have moved in both directions over the past six months — February's 6.19% average looked like a window, but by March they had climbed back to 6.48% and today's spot rate is 6.625%. Waiting for a sustained rate decline while Pleasant Grove's active inventory builds could mean more choices, but median sale prices have risen from $485,000 in April 2025 to $545,000 in April 2026, so price appreciation has been offsetting some of the benefit of any rate dip. Buyers who need to move in the next 60–90 days are better served by focusing on homes with negotiating room — those past 30 days on market — than by timing the rate market.
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
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
33 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 17 · 25th percentile 5 · 75th percentile 34
Needed a price change
Sold listings that had a recorded price change before close
0 of 33 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. Tayside Farm 2 sold · $529K · 18d
- 2. Hawkes Landing 1 sold · $1,390K · 46d
- 3. Siena Heights 1 sold · $1,237K · 0d
- 4. Makin Dreams 1 sold · $1,100K · 3d
- 5. Bryton Estates 1 sold · $1,100K · 2d
April 2026 by property type
How each housing type performed last month — 30 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 33 | 41 | -19.51% | 116 | 101 | +14.85% |
| Median Sale Price | $545,000 | $485,000 | +12.37% | $558,830 | $483,971 | +15.47% |
| Median DOM | 17 | 36 | -52.78% | 22 | 30 | -26.67% |
| Sale-to-List Ratio | 99.49% | 98.96% | +0.54% | 99.11% | 99.10% | +0.01% |
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.