Market analytics
Provo, 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
Provo buyers gain a little ground as 272 listings meet a busier October
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Sixty-one homes closed in Provo in October, up 29.8% from September's 47, and the median home price was $542,500. That is well above last October's $462,713, though the jump from September's $480,000 owes a lot to 14 sales over $700,000 at a median $956,341. The housing market still favors buyers slightly: 272 homes were listed, about 4.5 months of supply, and homes took a median 34 days to sell. Asking prices ran lower than closing prices, with a median list price of $475,000, so go by what has actually sold.
Market pulse
Supply is the longer story. Active listings grew from 156 in April to 272 in October, while new listings dropped from 82 in September to 67. Homes got slower to sell over that stretch, with the median going from 19 days in April to 34 now, though that is faster than September's 42. Closings bounced back from 47 to 61, and the sale-to-list ratio held near 98.6%, so sellers are still getting close to asking price when a home sells.
Mortgage context
Provo splits into thirds. Sixteen of October's closings were under $400,000, 31 fell between $400,000 and $700,000, and 14 were above $700,000. The middle group carries the most rate risk, since its median sale of $555,000 means a loan near $444,000. The 30-year rate has eased 0.375 percentage points in the past 30 days, which helps a little at that price.
Payment math
Buying at the $543,000 median home price with 20% down costs $2,998 a month in principal and interest at 7.375%, which is $112 less than the $3,109 payment 30 days ago at 7.75%, but still $278 above April's low, when rates averaged 6.42% and the payment would have been $2,720.
If you're buying
Look at the $400,000 to $700,000 range, where homes took a median 39 days and the median sale was $555,000. In Geneva Estates, three homes closed at a median $584,990 after 110 days, and Osprey Townhomes had three sales at $424,900 after 81 days. Those long waits are where a price cut or seller-paid rate help is most likely. Thirty of the 61 closings took a price change first, so ask what the listing history looks like.
If you're selling
Your home's worth follows what closed nearby, and 37 of October's 61 sales went below list. Homes above $700,000 moved fastest, at a median 25 days, but Sherwood Hills took 97 days at a median $965,000, so price matters even there. Start near the closing prices in your neighborhood instead of the $475,000 median list price. With 272 competing listings, a home priced too high will sit past the 87-day mark that a quarter of sales exceeded.
Outlook
November and December bring fewer showings and fewer new listings, and the 67 new listings in October already point that way. With 272 homes for sale, buyers should keep their choice through winter. Rates that keep easing from 7.375% could pull a few more buyers off the sidelines by early spring.
Watch for
If new listings stay near October's 67 a month while closings hold near 61, months of supply would drift toward 4 by January, and sellers would get some leverage back.
"Provo's busier month still leaves buyers with plenty to choose from"
Common questions about Provo this month
What is the median home price in Provo? ▾
The median home price in Provo was $542,500 in October 2026, and the average sale price was $660,757. The average is higher because 14 sales above $700,000 had a median of $956,341. The median list price was only $475,000, so homes closed above the typical asking price this month.
Is Provo a buyer's or seller's market? ▾
Provo leans slightly toward buyers in October 2026. There were 272 active listings, about 4.5 months of supply, and homes took a median 34 days to sell. Sellers still got 98.6% of list price, so it is not a deep discount market.
How much is my Provo home worth? ▾
Provo homes sold for a median $542,500 in October, at about 98.6% of list price and after a median 34 days. Your own home's value depends on recent sales of similar homes nearby. Price bands matter: the middle group, $400,000 to $700,000, had a median sale of $555,000.
How have mortgage rates changed Provo payments? ▾
At the $543,000 median price with 20% down, principal and interest is $2,998 a month at 7.375%. That is $112 less than 30 days ago, when the rate was 7.75%. It is still $278 above April's payment of $2,720.
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
61 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 34 · 25th percentile 11 · 75th percentile 87
Needed a price change
Sold listings that had a recorded price change before close
30 of 61 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. Sherwood Hills 3 sold · 97d
- 2. Geneva Estates 3 sold · 110d
- 3. Osprey Townhomes 3 sold · 81d
- 4. Park Ridge 3 sold · 59d
- 5. Broadview Shores 2 sold · 63d
- 6. Stone Gate 1 sold · 3d
- 7. The Preserve 1 sold · 110d
- 8. The Estates At Burr 1 sold · 20d
October 2026 by property type
How each housing type performed last month — 61 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 61 | 78 | -21.79% | 583 | 681 | -14.39% |
| Median Sale Price | $542,500 | $462,713 | +17.24% | $488,414 | $463,229 | +5.44% |
| Median DOM | 34 | 44 | -22.73% | 31 | 23 | +34.78% |
| Sale-to-List Ratio | 98.61% | 98.26% | +0.36% | 98.49% | 98.73% | -0.24% |
Past months
Browse historical Provo reports — each month's snapshot stays at its own permanent URL.
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.