Market analytics · September 2026 archive
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
September 2026 · Market Analysis
Provo's median sale slows to 41 days as 269 homes crowd the market
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Slower closings define Provo's housing market this September, with the median sale taking 41 days, up from 34 in August. The median home price came in at $484,100, a bit above last September's $455,995. Buyers had 269 homes to choose from, which makes this a market that leans their way.
Market pulse
Inventory has done most of the moving. Active listings grew from 144 in April to 269 in September. Over the same stretch, homes got slower to sell, with the median going from 19 days to 41. Closings have fallen too, from 70 in April to 41 now, so at September's pace it would take about 6.5 months to sell everything listed.
Mortgage context
Most of September's closings, 28 of 41, landed between $400,000 and $700,000, and that is the range where a higher rate stings most. Those homes took a median 66 days to sell, the slowest of any price band. Borrowers at today's rate are feeling it before they ever make an offer.
Payment math
Put 20% down on Provo's $484,000 median home price and principal and interest runs $2,708 a month at 7.5%, which is $99 more than the $2,609 it would have been 30 days ago at 7.125%, and $280 above the April low, when rates averaged 6.42% and the payment would have been $2,428.
If you're buying
Start with the $400,000 to $700,000 range, where homes took a median 66 days to sell and sellers have had time to get tired. Highland Terrace had two sales at a median $476,500 after 109 days, which shows what patience can get. Ask about price cuts, since 18 of September's 41 closings took one first.
If you're selling
With 269 homes for sale, yours has to be priced right from day one. Homes closed at about 98.9% of list in September, but the median list price of $515,000 sat above the $484,100 median sale price. Price off recent closings nearby, not off what neighbors are asking. Eight homes did sell above list, so a clean, well-priced listing still gets competition.
Outlook
Fall usually firms a market like this a little before winter, but the 82 new listings in September keep adding supply. With BYU's term underway and colder weather coming, expect days on market to stay long through the next 60 to 90 days. Rates near 7.5% make a quick rebound in closings unlikely.
Watch for
If new listings keep running near 80 a month while closings stay near 40, months of supply could move toward 7 by the end of the year.
"Provo's quick summer is over and buyers have the room"
Common questions about Provo this month
What is the median home price in Provo? ▾
The median sale price in Provo in September 2026 was $484,100, up from $455,995 a year earlier. The average sale price was $504,900, higher because six sales over $700,000, at a median $746,853, pull it up. The median list price was $515,000, above what homes actually closed for.
Is the Provo housing market slowing down? ▾
Yes, in pace. Median days on market rose to 41 in September from 34 in August, and active listings reached 269. Sale-to-list held near 98.9%, so prices have not dropped much, but buyers have more choice and more time.
How much is my Provo home worth? ▾
Start from Provo's September median sale price of $484,100 and a sale-to-list ratio of about 98.9%. Homes took a median 41 days to sell. What your own home is worth depends on similar homes that sold near you recently, so look at those closings.
How long does it take to sell a home in Provo? ▾
In September 2026 the median was 41 days. Homes from $400,000 to $700,000 took 66 days, while those over $700,000 took 19 and those under $400,000 took 35. A quarter of homes took longer than 109 days.
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
41 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 41 · 25th percentile 14 · 75th percentile 109
Needed a price change
Sold listings that had a recorded price change before close
18 of 41 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. Broadview Shores Cottages 802 2 sold
- 2. Highland Terrace 2 sold · 109d
- 3. Sun View 1 sold
- 4. Herons Landing 1 sold · 74d
- 5. Osprey Point 1 sold · 42d
- 6. Lakeview Fields 1 sold · 0d
- 7. Waltons Cove 1 sold · 2d
- 8. Broadview Shores Cottages 740 1 sold
September 2026 by property type
How each housing type performed last month — 37 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 41 | 72 | -43.06% | 463 | 603 | -23.22% |
| Median Sale Price | $484,100 | $455,995 | +6.16% | $481,080 | $463,296 | +3.84% |
| Median DOM | 41 | 26 | +57.69% | 31 | 20 | +55.00% |
| Sale-to-List Ratio | 98.92% | 98.53% | +0.40% | 98.63% | 98.79% | -0.16% |
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.