Market analytics · June 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
June 2026 · Market Analysis
Pleasant Grove sellers wait longer as summer inventory builds past 97 homes
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Homes took a median 38 days to sell in June, up from 10 in May and the slowest pace of the past six months — a sharp reversal from the sub-20-day stretch that ran from February through May. Only 18 homes closed, down from 27 in May and well below the 29 that closed in June 2025, even as active listings climbed to 97 from 80. The math shifted from a seller's market to something closer to balanced in a single month.
Market pulse
Median days on market ran 17 in February, 28 in March, 18 in April, 10 in May, then jumped to 38 in June — the slowest close of the stretch and nearly four times May's pace. Active inventory has climbed every month since March's 66, reaching 97 in June, while new listings held near 37-38 a month. At the same time only 18 homes closed in June against a 12-month average of 29, and the days-to-sell distribution split hard: the under-$400,000 group sat a median 164 days while the over-$700,000 group, which carried nine of the month's 18 sales, moved in 42.
Mortgage context
The 30-year averaged 6.66% in June and has climbed most months since February's 6.19%, reaching 6.875% as of mid-July — up 0.25 percentage points from 6.625% just 30 days ago. That 30-day move alone adds $92 to the monthly payment on a median-priced Pleasant Grove home, a $250 climb from what buyers paid at February's low.
Payment math
A $692,000 median home here with 20% down now runs $3,638 a month in principal and interest at 6.875%, versus $3,546 just 30 days ago at 6.625% and $3,388 back in February when the rate averaged 6.19% — a $250 climb in six months for the same loan.
If you're buying
Closings under $400,000 sat at a median 164 days this June, so if you're shopping that band you have real room to negotiate — sellers there have already been sitting a while. In the $700,000-plus tier, where nine of June's 18 sales landed, expect 42 days as the norm and don't feel pressured to waive contingencies.
If you're selling
Only one of June's 18 closings sold above list, and six of the 18 took a price cut before closing — price at or slightly under recent comparable sales rather than testing the market high. With active listings up to 97 from 80 in May and 66 back in March, buyers now have more to compare your home against, so condition and staging matter more than they did in the spring rush.
Outlook
With rates near 6.875% and typically climbing into fall, expect the slower June pace to persist rather than snap back to May's 10-day median — especially with inventory now at 97 and still rising. Sellers pricing near the $560,000-$600,000 list range common in Tuscany Farms and Shady Meadows should see steadier interest than the stalled under-$400,000 segment, where 164-day sits are becoming the norm.
Watch for
If new listings keep running near 37-38 a month while closings stay near 18, active inventory likely pushes past 110 by September, stretching the median days-on-market figure closer to 45-50.
"Pleasant Grove's cooling-off month: slower closings, fuller shelves, pricier debt."
Common questions about Pleasant Grove this month
Is Pleasant Grove a buyer's or seller's market in June 2026? ▾
It's tilting toward buyers compared to the spring. Median days on market jumped to 38 from 10 in May, active listings reached 97 (up from 66 in March), and only one of 18 June sales closed above list price. Sellers still have leverage in the over-$700,000 range, where homes moved in a median 42 days, but the under-$400,000 segment is sitting closer to five months.
Why did homes take so much longer to sell in June than in May? ▾
May's 10-day median reflected unusually fast turnover in the $400,000-$700,000 band; June's mix shifted toward pricier homes and toward listings that had already been sitting, including a group of under-$400,000 homes with a 164-day median. Combined with active inventory climbing every month since March, buyers had more to compare and less urgency to move fast.
How much has the recent rate increase added to a typical Pleasant Grove mortgage payment? ▾
On the $692,000 median home with 20% down, the payment is $3,638 a month at today's 6.875% rate, up $92 from 30 days ago when the rate was 6.625%. That's $250 more than buyers paid back in February when the 30-year averaged 6.19%.
Are sellers cutting prices to get deals done? ▾
Six of June's 18 closings took a price cut before selling, and only one sold above list. That's a meaningfully softer showing than earlier this year and suggests pricing at or near recent comparable sales works better right now than testing the market.
Should I wait for rates to drop before buying in Pleasant Grove? ▾
Rates have moved in one direction since February, climbing from 6.19% to 6.875%, so waiting hasn't paid off this year. With inventory now at 97 homes and days on market stretching to 38, buyers have more negotiating room today than they did in the tighter spring market, which can offset some of the rate cost.
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
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
18 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 38 · 25th percentile 14 · 75th percentile 43
Needed a price change
Sold listings that had a recorded price change before close
6 of 18 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. Tuscany Farms 2 sold · $1,418K · 42d
- 2. Shady Meadows 1 sold · $1,325K
- 3. Avalon Hills 128 1 sold · $1,099K
- 4. Orchard Grove 1 sold · $925K · 2d
- 5. Canyon Grove 1 sold · $840K
June 2026 by property type
How each housing type performed last month — 16 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 18 | 29 | -37.93% | 162 | 162 | 0.00% |
| Median Sale Price | $692,250 | $486,900 | +42.17% | $580,246 | $490,625 | +18.27% |
| Median DOM | 38 | 21 | +80.95% | 22 | 26 | -15.38% |
| Sale-to-List Ratio | 99.10% | 98.62% | +0.49% | 99.03% | 99.13% | -0.10% |
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.