Market analytics
Riverton, 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
May 2026 · Market Analysis
Riverton's May closing count drops sharply as rising rates thin the buyer pool
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Closed sales in Riverton fell to 26 in May 2026 — down 48% from April's 50 and well below the 56 closings recorded in May 2025. That volume is also meaningfully lighter than the prior 12-month average of 45 closings per month, so the numbers here reflect an unusually quiet month rather than a clean read on the whole market. What's notable is that this pullback arrived just as listing activity held firm: 61 new listings came to market in May, matching April's pace exactly, which pushed active inventory to 123 homes — up from 92 in April and 84 in March.
Market pulse
Riverton's closing pace has been uneven since the start of 2026. Sales bottomed at 17 in February, recovered to 38 in March and 50 in April, then fell back to 26 in May — a pattern that suggests the spring rebound stalled rather than sustained. Days on market stayed short for homes that did sell: the median was 14 days in May, matching February's reading and well below the 77-day median seen in January. The sale-to-list ratio held at 98.39% in May, essentially flat with April's 98.29%, meaning sellers of homes that actually closed gave up only modest ground on price. Active inventory, however, tells a different story — it climbed from 62 homes in January to 84 in February and March, 92 in April, and 123 in May, a steady build that is outpacing the current closing rate.
Mortgage context
The 30-year fixed rate has climbed to 6.75% as of mid-June, up 0.25 percentage points from 6.5% thirty days ago and 0.56 percentage points above February's monthly average of 6.19% — the low point of the past seven months. That February-to-now climb has added real dollars to monthly payments for Riverton buyers, and with jumbo rates sitting at 7.25%, the upper price bands that have been active in neighborhoods like Myers Park and Jordan Meadow Estates face a notably steeper borrowing cost than buyers in the $400K–$700K range who may qualify for FHA or VA financing at 6.25%.
Payment math
On a median-priced home here — about $658,000 with 20% down — the monthly principal-and-interest payment lands at $3,412 at 6.75% — $87 more than 30 days ago at 6.5%, and $194 above the February low when rates averaged 6.19% and the payment would have been $3,218.
If you're buying
With 123 active listings and only 26 closings in May, Riverton has more breathing room than it has had in months — target homes that have been sitting past 30 days on market, particularly in the $400K–$700K band where 13 of May's 26 closings landed and where the sale-to-list ratio on slower-moving inventory tends to soften. Neighborhoods along the Western Springs and Foothills corridors have seen listings accumulate; sellers there are more likely to negotiate than those in tightly held pockets closer to the Mountain Ridge area. If you qualify for FHA or VA financing, the 6.25% rate available on those programs saves you roughly $200 per month compared to a conventional loan at today's 6.75% — worth running the numbers before assuming conventional is your only path.
If you're selling
With 9 of May's 26 closings involving a prior price reduction, sellers who price to last spring's expectations are finding the market less forgiving than it was in March and April. Price at or just below recent comparable sales in your neighborhood — homes in the Meadows and Midas Crossing areas that closed in May were well-priced relative to list, while the one Jordan Meadow Estates home that closed had been on market 98 days before finding a buyer. If your home is in the $700K-plus range, be aware that jumbo rates at 7.25% are compressing the pool of qualified buyers; condition and presentation matter more than they did six months ago.
Outlook
Over the next 60–90 days, Riverton's market will be shaped by two competing forces: seasonal demand that typically peaks in June and July, and a rate environment that has moved against buyers since February. If the 30-year rate holds near 6.75% or climbs further, expect the active inventory count to keep building as new listings continue arriving at the same pace they did in April and May. Buyers who were priced out of Riverton's upper price bands may increasingly look at neighboring South Jordan or Herriman, where price points and commute patterns along the I-15 corridor offer similar access to Silicon Slopes employment.
Watch for
If the 30-year fixed rate crosses 7% before August, expect Riverton's active inventory to push past 150 homes and the sale-to-list ratio to drift below 97% as sellers face a shrinking pool of buyers who can absorb payments above $3,500 per month on a median-priced home.
"Fewer closings, more listings, and a rate climb that's doing the real work of cooling Riverton's spring market."
Common questions about Riverton this month
Is Riverton a buyer's or seller's market in May 2026? ▾
It's shifting toward buyers, but unevenly. Active inventory reached 123 homes in May while only 26 closed — at that pace it would take about 4.7 months to sell every home currently listed, which is more supply than Riverton has seen since early spring. That said, homes that are priced well are still selling in about two weeks, so sellers with realistic pricing still have leverage.
Why were there so few closings in Riverton in May 2026? ▾
May's 26 closings are well below the prior 12-month average of 45 per month, making this an unusually light month. The most likely explanation is a combination of rising rates — the 30-year climbed from 6.19% in February to 6.75% now — and some buyer hesitation after April's strong 50-closing month pulled forward demand. The closing count alone doesn't mean the market is broken; homes that went under contract in May will show up in June's numbers.
Are home prices dropping in Riverton? ▾
Of the homes that closed in May, the median sale price was $657,500 — but with only 26 closings, that figure can swing significantly based on which homes happened to close. Nine of those 26 closings involved a prior price reduction, which is the first month we have reliable data on that metric. What's clearer is that the sale-to-list ratio held at 98.39%, meaning sellers gave up only about 1.6% from list price on average — not a sign of widespread price capitulation.
Which Riverton neighborhoods are seeing the most activity in 2026? ▾
Over the past six months, Mountain Ridge has consistently appeared among the top-selling subdivisions, though its mix has shifted — it drove heavy volume in mid-2025 at lower price points and has seen fewer but higher-priced closings more recently. In May, the closings that did happen skewed toward upper-end addresses: Myers Park, Jordan Meadow Estates, McMillan Farms, and Midas Crossing each recorded a sale above $1.1 million. The Meadows subdivision has appeared in nearly every month's top-five list across price ranges.
How much more does a Riverton mortgage cost today versus earlier this year? ▾
On a median-priced Riverton home at about $658,000 with 20% down, the monthly principal-and-interest payment is $3,412 at today's 6.75% rate. In February, when rates averaged 6.19%, that same home would have carried a payment of $3,218 — a difference of $194 per month. Over the past 30 days alone, the rate moved from 6.5% to 6.75%, adding $87 to the monthly payment.
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 ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
27 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 13 · 25th percentile 1 · 75th percentile 33
Needed a price change
Sold listings that had a recorded price change before close
9 of 27 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. Myers Park 1 sold · $1,495K · 0d
- 2. Jordan Meadow Estates 1 sold · $1,235K · 98d
- 3. Mcmillan Farms Plat A 1 sold · $1,175K · 0d
- 4. Midas Crossing 1 sold · $1,120K · 28d
- 5. Meadows 1 sold · $940K · 33d
May 2026 by property type
How each housing type performed last month — 26 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 27 | 56 | -51.79% | 153 | 212 | -27.83% |
| Median Sale Price | $645,000 | $572,500 | +12.66% | $614,760 | $587,705 | +4.60% |
| Median DOM | 13 | 32 | -59.38% | 24 | 39 | -38.46% |
| Sale-to-List Ratio | 98.39% | 99.09% | -0.71% | 98.71% | 99.11% | -0.40% |
Past months
Browse historical Riverton 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.