Market analytics · April 2026 archive
Santaquin, 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
April 2026 · Market Analysis
Santaquin closings accelerate sharply in April as Silver Oaks and Ridge lead a speed-driven spring.
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In April 2026, Santaquin's homes sold faster than at any point in the past year, with median days-on-market collapsing to just 10 days — down from 33 days in March and 44 days in February, and less than half the 21-day median recorded in April 2025. That speed signal is the dominant story this month: 12 of 26 closings went above list price, and the sale-to-list ratio reached 100.3%, matching almost exactly the 100.29% posted a year ago despite a very different inventory backdrop. Active listings climbed to 136 — up from 105 in March and 30% above April 2025's 105 — yet well-priced homes are still moving in days, not weeks.
Market pulse
Median DOM in Santaquin has swung dramatically over the past six months: it peaked at 51 days in November 2025, held in the 33–44 day range through February and March 2026, then dropped to just 10 days in April — a move that signals a meaningful shift in buyer urgency as spring listings hit the market. New listings nearly doubled month-over-month, rising from 38 in March to 63 in April, yet that supply wave did not slow closings; the sale-to-list ratio actually ticked up from 99.76% to 100.3%. The under-$400K price band drove much of the velocity, with 14 closings at a median of $332,350 and a 12-day median DOM, while the $400K–$700K band posted a median DOM of just 5 days on 11 closings. Silver Oaks led all subdivisions with 8 sales at a median of $324,900 and a 7-day median DOM, and the Ridge subdivision contributed 5 closings at a median of $375,000.
Mortgage context
The 30-year fixed rate sits at 6.625% as of late May, up 0.375 percentage points over the past 30 days from 6.25% thirty days ago, and 0.43 pp above February's monthly average of 6.19% — the softest rate of the past six months. After dipping to 6.19% in February, rates climbed to 6.48% in March, eased slightly to a 6.42% April average, and have since moved higher to the current 6.625% spot. For Santaquin buyers, that trajectory means the window of relative affordability that opened in late winter has largely closed, and monthly carrying costs are now at their steepest point since last fall.
Payment math
On a median-priced home today, P&I lands at $1,970/mo at 6.625% — $76/mo more than 30 days ago at 6.25%, and $88/mo above the February low when rates averaged 6.19% and P&I would have been $1,882.
If you're buying
Target homes that have been sitting 30 or more days — The Orchards posted a 50-day median DOM in April with a median sale of $407,000, suggesting that segment is not seeing the same urgency as Silver Oaks or the Ridge corridor. With 136 active listings and 63 new entries in April, there is enough selection to be selective, but be prepared to move quickly on anything priced under $400K, where the market is clearing in under two weeks. Buyers considering the I-15 commute corridor to Provo or Lehi should also factor in the rate climb — at 6.625%, the payment gap versus an FHA loan at 6.0% is meaningful on a $380,000 purchase.
If you're selling
The April data rewards sellers who price at or just below recent comps — 12 of 26 closings went above list, but those wins were concentrated in the sub-$400K and entry-level $400K–$500K range where Silver Oaks and Ridge inventory moved in days. Sellers in Foothill Village and Stratton Acres, where DOM has historically run longer (Foothill Village posted a 74-day median DOM in March), should price with that context in mind rather than anchoring to the 100.3% sale-to-list ratio across the whole market. With 63 new listings entering in April and rates now at 6.625%, homes that need condition work or carry a premium price will face more competition from fresh inventory than they would have in February.
Outlook
Over the next 60–90 days, Santaquin's inventory will likely continue building as the spring new-listing cycle runs through May and June — the pattern from 2025 showed active counts peaking around 111 in May before easing. If rates hold near 6.625% or move higher, the under-$400K segment (led by Silver Oaks) will remain the most competitive, while the $400K–$700K band may see DOM drift back toward the 20–30 day range as buyers weigh affordability more carefully. Sellers who list in May with clean pricing should still find motivated buyers, particularly those relocating from higher-cost Utah County cities like Lehi or Provo where entry-level inventory is scarcer.
Watch for
If the 30-year fixed rate crosses 7%, expect the $400K–$700K band — which already saw only 11 closings in April despite 136 active listings — to slow further, pushing months-of-supply above 7 in that segment and giving buyers meaningful negotiating room on Foothill Village and Stratton Acres listings.
"Santaquin's fastest spring in memory — 10-day median DOM, 100.3% sale-to-list, and buyers moving without hesitation."
Common questions about Santaquin this month
Is Santaquin a buyer's or seller's market in April 2026? ▾
It's a split market. The under-$400K segment — led by Silver Oaks — is firmly seller-favored, with a 12-day median DOM and multiple closings above list price. The $400K–$700K band is more balanced: 11 closings at a 5-day median DOM sounds fast, but active inventory at 136 homes means buyers in that range have real selection. Homes that have been sitting 30+ days, like some in The Orchards, are showing more negotiating room.
Why did the median sale price drop so much from March to April in Santaquin? ▾
The April median of $384,500 is down from $470,000 in March, but this reflects a mix shift rather than a price collapse. In April, 14 of 26 closings were in the under-$400K band (mostly Silver Oaks townhomes and entry-level homes), compared to only 7 of 27 in March. When the lower-priced segment dominates the closing mix, the overall median pulls down even if prices within each band are stable.
How does Santaquin compare to nearby cities like Payson or Springville for buyers priced out of Provo? ▾
Santaquin offers some of the most accessible entry-level pricing in Utah County's southern corridor, with Silver Oaks homes closing near $324,900 in April 2026. Buyers priced out of Provo or Lehi — where median prices run considerably higher — increasingly look at Santaquin for the I-15 access and relative affordability, though the trade-off is a longer commute to Silicon Slopes employment centers.
What does the 10-day median DOM in April really mean for buyers making offers? ▾
It means the typical home that closed in April went under contract in about 10 days from listing — roughly half the pace of March's 33-day median. At the 25th percentile, homes were under contract in just 3 days. Buyers should expect to make decisions quickly on well-priced listings, particularly in Silver Oaks and the Ridge subdivision, and should have financing fully in order before touring.
Are new construction homes in Santaquin affecting resale competition? ▾
April's 63 new listings — nearly double March's 38 — included both resale and new-construction entries across subdivisions like Foothill Village and Overlook Estates. Builder standing inventory in the $500K–$700K range is competing directly with resale in that band, which helps explain why the $400K–$700K segment posted only 11 closings despite a large active pool. Buyers in that range should compare builder incentives against resale condition and location carefully.
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
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
26 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 10 · 25th percentile 3 · 75th percentile 35
Needed a price change
Sold listings that had a recorded price change before close
0 of 26 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. Silver Oaks 8 sold · $325K · 7d
- 2. Ridge 5 sold · $375K · 16d
- 3. The Orchards 2 sold · $407K · 50d
- 4. Foothill Village 1 sold · $840K · 2d
- 5. Overlook Estates 1 sold · $575K · 9d
April 2026 by property type
How each housing type performed last month — 25 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 26 | 39 | -33.33% | 87 | 113 | -23.01% |
| Median Sale Price | $384,500 | $425,000 | -9.53% | $432,839 | $452,487 | -4.34% |
| Median DOM | 10 | 21 | -52.38% | 29 | 27 | +7.41% |
| Sale-to-List Ratio | 100.31% | 100.29% | +0.02% | 99.95% | 100.24% | -0.29% |
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.