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Market analytics

Richmond, 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.

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

August 2026 cohort breakdown

Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.

How sales priced vs asking

3 sold homes that had a list price recorded

0
Above asking
0%
0
At asking
0%
3
Below asking
100%

Needed a price change

Sold listings that had a recorded price change before close

66.7% of closings

2 of 3 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

Under $400K
1
sold
$352K median sale
$400K – $700K
1
sold
$490K median sale
$700K+
1
sold
$740K median sale

Top subdivisions this month

Ranked by closed count

  1. 1. Cherry Creek Heights 1 sold · $490K

August 2026 by property type

How each housing type performed last month — 3 closings total across subtypes.

Single-family
3
sold in August 2026
Median sale $490,000
Median DOM 0 days
Share of closings 100%

Summary Statistics

Metric Aug-26 Aug-25 % Chg 2026 YTD 2025 YTD % Chg
Sold Count 3 6 -50.00% 34 27 +25.93%
Median Sale Price $490,000 $353,100 +38.77% $515,765 $409,726 +25.88%
Median DOM 24 83 36 +130.56%
Sale-to-List Ratio 94.98% 98.47% -3.54% 98.53% 98.84% -0.31%

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.