Market analytics · September 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
September 2026 · Market Analysis
Pleasant Grove buyers get breathing room as 94 listings meet 13 closings
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Pleasant Grove's housing market produced only 13 closings in September, well under the 25 a month average of the past year, so treat the numbers as a thin read. Of the homes that closed, the median home price was $502,500, up from $373,000 in August and close to September 2025's $507,000. Still, 94 homes were for sale, up from 71 a year ago, and at September's pace it would take about 7 months to sell them all. Sellers who closed got 102% of list, so it's a market of two speeds: scarce winners, plenty of waiting listings.
Market pulse
Inventory has moved the most. Active listings grew from 57 in April to 94 in September, while closings fell from 34 to 13. Homes that sold were quick, though: median days on market was 15, down from 21 in August. The median list price of $632,000 sits well above the $502,500 median sale, so go by what's closed, not by asking prices. Most of the sales were single-home subdivisions, like Makin Dreams at $1,229,562 and Chris Ville at $502,500.
Mortgage context
Rates matter most in the $400,000 to $700,000 range, where 5 of September's 13 closings landed at a median $502,500. Four homes sold under $400,000 at a median $305,290, and those buyers feel the rate less in dollars. Four closed above $700,000 at a median $912,500, where a jumbo rate of 7.75% adds cost. With rates up 0.375 percentage points in 30 days, buyers are choosing carefully.
Payment math
Put 20% down on the $503,000 median home price and principal and interest comes to $2,811 a month at 7.5%, which is $102 more than the $2,708 payment at 7.125% thirty days ago, and $291 above April's low, when rates averaged 6.42% and the payment would have been $2,520.
If you're buying
Seven of the 13 homes sold above list, so the best-priced homes still draw competition. Go after listings that have lingered, since 94 homes are available and new listings slowed to 32. In the sub-$400,000 range, homes took a median 37 days, which is where you have the most time to negotiate seller-paid rate help.
If you're selling
Your home is one of 94 listings, and buyers paid about 102% of list in September only on well-priced homes. Price from recent sales like Hidden Springs at $515,000 or Wade Springs at $750,000, not from the $632,000 median asking price. Three of 13 closings took a price cut first, so expect cuts if showings go quiet.
Outlook
Fall tends to firm things briefly before winter slows showings, but with 94 homes for sale that firming may be modest. Rates near 7.5% will keep closings light, so inventory probably stays above last year's 71. Sellers with strong pricing should still get offers, while the rest wait.
Watch for
If closings stay near 13 a month and new listings hold above 30, supply would pass 7 months and sale-to-list could slip below 100% by winter.
"Pleasant Grove's September had few sales, many listings, and offers still topping list."
Common questions about Pleasant Grove this month
What is the median home price in Pleasant Grove? ▾
The median sale price in Pleasant Grove was $502,500 in September 2026, but only 13 homes closed, so it can swing. The average sale price was $577,511. It runs higher because 4 sales above $700,000 had a median of $912,500. The median list price was $632,000.
Is the Pleasant Grove housing market slowing down? ▾
Closings are slowing: 13 in September, down from 17 in August and 31 a year ago. Active listings rose to 94 from 84. Sale-to-list reached 102% on the homes that did sell, so demand is selective, not gone.
How much is my Pleasant Grove home worth? ▾
Pleasant Grove homes closed at a median $502,500 in September, at 102% of list and 15 median days on market. Your home's value depends on similar homes sold nearby, such as in your own subdivision. With so few sales this month, look at several months of closings.
How have rates changed the monthly payment in Pleasant Grove? ▾
At 7.5%, principal and interest on the $503,000 median home with 20% down is $2,811 a month. That is $102 more than 30 days ago and $291 above April's level at 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
21 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 31 · 25th percentile 14 · 75th percentile 58
Needed a price change
Sold listings that had a recorded price change before close
6 of 21 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. Makin Dreams 1 sold · 58d
- 2. Tuscany Farms 1 sold · 53d
- 3. Sumner Acres 1 sold · 101d
- 4. Mattinson Estates 1 sold · 14d
- 5. Palisades 1 sold · 106d
- 6. Wade Springs 1 sold · 8d
- 7. Amberwood Estates 1 sold · 46d
- 8. Chadwick Farms 1 sold · 21d
September 2026 by property type
How each housing type performed last month — 17 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 21 | 30 | -30.00% | 233 | 268 | -13.06% |
| Median Sale Price | $515,000 | $516,000 | -0.19% | $534,289 | $507,286 | +5.32% |
| Median DOM | 31 | 27 | +14.81% | 24 | 25 | -4.00% |
| Sale-to-List Ratio | 100.25% | 98.79% | +1.48% | 99.28% | 98.95% | +0.33% |
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.