Market analytics · July 2026 archive
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
July 2026 · Market Analysis
Riverton closings hit 4-day median in July — but fewer buyers are crossing the finish line
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The homes that sold in Riverton last month sold fast — a median 4 days on market in July 2026, down from 5 days in June and a world away from the 45-day median recorded in July 2025. That speed tells a selective story: well-priced homes are still finding buyers quickly, but the pool of buyers is narrower. Only 31 homes closed in July, compared to 67 in July 2025, and the active shelf grew to 119 listings — meaning more competition for sellers even as the homes that do move are moving almost immediately.
Market pulse
The speed of closings has been the defining feature of 2026 in Riverton. After a sluggish January (77-day median) and a modest February (14 days), the market compressed through spring — 15 days in March, 18 in April — then briefly widened to 25 days in May before collapsing to 5 days in June and 4 days in July. What's changed alongside that speed is volume: closings peaked at 50 in April and have since pulled back to 31 in July, while active inventory climbed from 78 homes in April to 119 in July. The sale-to-list ratio held at 99.01% in July, matching February's reading, so sellers on correctly priced homes are still getting close to asking — but 17 of 31 closings came in below list price, a reminder that the market isn't uniformly competitive. Mountain Ridge was again the most active subdivision, accounting for 12 of the 31 closings at a median sale price of $530,650.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% average, reaching 6.79% in July and now sitting at 6.875% — up 0.125 percentage points over the past 30 days. That trajectory matters in a market like Riverton where the median home price sits at $545,000: each rate step adds real dollars to a monthly payment, and buyers who qualified comfortably in February are doing the math again today.
Payment math
A $545,000 home financed with 20% down carries a monthly principal-and-interest payment of $2,864 at today's 6.875% rate — $36 more than 30 days ago at 6.75%, and $211 above the February low when rates averaged 6.14% and that same loan would have run $2,653 a month.
If you're buying
Target homes that have been sitting past 20 days — at 119 active listings and only 31 closings last month, there's enough shelf inventory that patient buyers have room to negotiate, particularly outside Mountain Ridge where seller expectations may still reflect spring's stronger pace. The $400K–$700K band closed in a median 2 days in July, so move quickly on anything priced well in that range; above $700K, the median was 4 days and 7 homes closed, giving you slightly more breathing room to run due diligence. If you're looking at The Foothills or similar established neighborhoods along the Riverton bench, note that those homes are still moving — 2 closed in July at a median $615,000 — but the wider inventory gives you more leverage on inspection asks than you'd have had in April.
If you're selling
With 119 active listings competing for 31 buyers, pricing discipline is everything right now. Homes in Mountain Ridge are closing at a median $530,650 — if your home is in that community and you're pricing above recent comparable sales there, expect to sit. The active median list price of $625,000 is running $80,000 above the median sale price of $545,000, which means the active shelf is overpriced relative to what's actually closing; sellers who close that gap at listing will move in days, not weeks. July's warm selling weather brought buyers out, but the rate environment at 6.875% means affordability is the real gating factor — condition and price are the two levers you control.
Outlook
Over the next 60–90 days, expect the closing count to stay below the spring peak as rates near 6.875% continue to thin the buyer pool — particularly for move-up buyers considering the $700K-plus segment, where only 7 homes closed in July. Inventory at 119 active listings gives buyers more options than they've had all year, and if new listings continue running above 50 per month, sellers will face more direct competition heading into fall. Buyers priced out of Riverton's median are increasingly looking at South Jordan and Herriman as alternatives along the same I-15 corridor, which could further moderate demand at the upper end of Riverton's price range.
Watch for
At the current pace of new listings averaging 52 per month against roughly 31 closings, active inventory could reach 150 or more by September — at which point the sale-to-list ratio likely drifts below 98% and sellers in the $600K–$700K range will need to price more aggressively to compete.
"Lightning-fast closings, thinner volume, and a rate climb that's quietly reshaping who can afford Riverton."
Common questions about Riverton this month
Is Riverton a buyer's or seller's market in July 2026? ▾
It's split. Homes that are priced correctly are still selling in under a week — the 4-day median and 99.01% sale-to-list ratio point to real demand. But with 119 active listings and only 31 closings, buyers have more options than at any point this year, and 17 of those 31 closings came in below list price. Call it a balanced-to-slightly-buyer-favoring market, especially above $600K.
Why did the median sale price drop to $545,000 in July when it was $615,000 in June? ▾
The mix of what closed shifted. July had fewer high-end closings — only 7 homes above $700K compared to 12 in June — and Mountain Ridge, which closed 12 homes at a median $530,650, made up nearly 40% of all July transactions. When one mid-priced subdivision dominates the month's volume, it pulls the overall median down even if prices in other neighborhoods held steady.
How does Mountain Ridge compare to the rest of Riverton? ▾
Mountain Ridge has been the most active subdivision in Riverton for most of the past year, and July was no exception with 12 closings at a median $530,650 and a median of 0 days on market — meaning most sold before or immediately upon listing. That pace is faster than the overall Riverton median of 4 days, suggesting strong demand specifically within that community.
Should I wait for rates to drop before buying in Riverton? ▾
Rates have climbed from 6.14% in February to 6.875% today, adding $211 a month to the payment on a median-priced home. Whether they fall in the next 90 days is genuinely uncertain — the monthly average has risen every month since February. What is clear is that inventory is building, which gives buyers more negotiating room today than they had in spring; waiting for rates while inventory tightens again is a real trade-off to weigh.
What's happening with homes priced above $700K in Riverton? ▾
The upper segment has slowed noticeably. Only 7 homes above $700K closed in July, down from 12 in June and 18 in April. The median sale price in that band was $980,000, and the median days on market was 4 — so the homes that did sell moved quickly, but the volume is thin. Jumbo loan rates at 7.0% are adding meaningful payment pressure for buyers in this range, and sellers should expect longer marketing times if they're not priced at or below recent comparable sales.
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
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
31 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 4 · 25th percentile 0 · 75th percentile 26
Needed a price change
Sold listings that had a recorded price change before close
8 of 31 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. Mountain Ridge 12 sold · $531K · 0d
- 2. The Foothills 2 sold · $615K · 17d
- 3. Dansie Estates Subdivision 1 sold · $1,899K · 6d
- 4. Ashby Esates 1 sold · $1,139K · 4d
- 5. Silos At Riverbend 1 sold · $848K
July 2026 by property type
How each housing type performed last month — 30 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 31 | 67 | -53.73% | 219 | 338 | -35.21% |
| Median Sale Price | $545,000 | $590,000 | -7.63% | $604,924 | $582,975 | +3.76% |
| Median DOM | 4 | 45 | -91.11% | 19 | 42 | -54.76% |
| Sale-to-List Ratio | 99.01% | 98.43% | +0.59% | 98.83% | 98.98% | -0.15% |
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.