Market analytics · May 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
May 2026 · Market Analysis
Santaquin's spring pace cools in May as buyers grow more selective across Ridge and Stratton Acres.
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After April 2026 delivered Santaquin's fastest closing pace in over a year — a median of just 10 days on market — May brought a meaningful reset: the median days on market climbed back to 21, and 14 of 26 closings landed below list price, compared to only 3 in April. That shift in negotiating outcomes is the clearest signal that buyer urgency, while still present in some segments, is no longer the dominant force it was a month ago. Active inventory reached 145 homes in May, up from 130 in April and 101 in March, giving buyers in Santaquin more options than they have had since the spring listing season opened.
Market pulse
Median days on market in Santaquin has swung considerably 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, dropped sharply to 10 days in April, and then rebounded to 21 days in May — a clear sign that the brief window of near-instant closings has passed. The sale-to-list ratio slipped from 100.31% in April to 99.94% in May, and the count of homes closing below list jumped from 3 to 14, while homes closing above list fell from 10 to 8. New listings moderated as well — 43 came to market in May versus 63 in April — but active inventory still grew to 145 homes, the most Santaquin has carried since at least last fall. Of the 26 closings in May, 11 involved a seller who had already reduced their asking price before going under contract, the first month this figure has been reliably tracked.
Mortgage context
The 30-year fixed rate has climbed to 6.75% — up 0.25 percentage points from 6.5% thirty days ago — adding measurable cost to every purchase in Santaquin. Rates have moved in a choppy pattern since February's monthly average of 6.19%: they rose to 6.48% in March, eased slightly to 6.42% in April, and have now pushed higher again through May and into June. That 0.56-percentage-point climb from February's low is real money on a Santaquin-priced home, and it is almost certainly a factor in why more buyers are negotiating below list rather than competing above it.
Payment math
On a median-priced home here — about $530,000 with 20% down — the monthly principal-and-interest payment lands at $2,750 at 6.75% — $70 more than 30 days ago at 6.5%, and $156 above the February low when rates averaged 6.19% and the payment would have been $2,594.
If you're buying
Target homes that have been listed 45 days or longer — Stratton Acres had a median of 95 days on market for its May closings, and sellers in that community are demonstrably willing to negotiate. In the $400,000–$700,000 band, where 21 of 26 May closings occurred, the median sale price was $535,000 against a median list of roughly $519,900, but the 14 below-list closings suggest meaningful room exists on homes that are not freshly listed or well-differentiated. Buyers priced out of Lehi or Saratoga Springs who are willing to accept the I-15 commute south should also note that FHA rates at 6.25% and VA rates at 6.25% offer a meaningful discount to the conventional 6.75% — worth running the numbers before assuming a conventional loan is the only path.
If you're selling
With 145 active listings competing for 26 closings in May, Santaquin sellers need to price with precision — homes that opened at last spring's optimistic list prices are sitting, as evidenced by Stratton Acres' 95-day median and the 11 closings that required a price reduction before going under contract. Sellers in Foothill Village and Ridge who can demonstrate recent updates or differentiated condition have a real advantage: Ridge closed 4 homes at a median of $507,450 in just 17 days, showing that well-positioned inventory still moves. If your home needs work or sits in a community with heavy builder competition, price 2–3% below recent comparable sales from the past 60 days rather than anchoring to April's brief above-list frenzy.
Outlook
Over the next 60–90 days, Santaquin is likely to remain a market where condition and pricing discipline separate fast closings from long sits — the inventory build that started in February shows no sign of reversing, and with rates at 6.75% and trending higher into June, buyer purchasing power continues to tighten. Seasonal patterns typically bring more listings through July before volume softens in August, which means active inventory could press toward 160–170 homes if new listings continue at May's pace without a corresponding uptick in closings. Buyers who have been watching from the sidelines may find the best negotiating leverage of the year in June and July, particularly on homes in Stratton Acres and The Orchards that have already been on the market through the spring season.
Watch for
If the 30-year fixed rate crosses 7.0%, expect the share of Santaquin closings landing below list to climb past 60% and median days on market to push back toward the 33–44 day range that characterized the winter months.
"After April's 10-day sprint, Santaquin settles into a more deliberate May — more inventory, more price cuts, more negotiating room."
Common questions about Santaquin this month
Is Santaquin a buyer's or seller's market in May 2026? ▾
It's moving toward buyer-favorable conditions. With 145 active listings and only 26 closings in May, it would take roughly 5.6 months to sell every home currently listed at that pace — a reading that gives buyers real negotiating room. Fourteen of 26 closings landed below list price, and 11 sellers had already cut their asking price before going under contract.
Why did the Santaquin median sale price jump to $530,000 in May after sitting at $384,500 in April? ▾
The April median was pulled down by a heavy concentration of under-$400,000 closings — 14 of 26 April sales were in that price band, many of them Silver Oaks townhomes. In May, only 3 closings fell under $400,000, and the mix shifted toward the $400,000–$700,000 band plus two higher-end closings. The median reflects who closed, not necessarily that prices rose across the board.
Which Santaquin neighborhoods are selling fastest right now? ▾
Ridge and Foothill Village are moving most efficiently in May — Ridge closed 4 homes at a median of 17 days on market and a $507,450 median sale, while Foothill Village's 2 closings averaged 20 days. Stratton Acres, by contrast, saw a 95-day median, suggesting that community's price points or inventory mix is taking longer to clear.
How much has the monthly payment changed for a Santaquin home buyer compared to earlier this year? ▾
On a median-priced $530,000 home with 20% down, the monthly principal-and-interest payment is now $2,750 at 6.75%. That's $156 more per month than it would have been in February when rates averaged 6.19% and the payment would have been $2,594. The 30-day move alone added $70 per month as rates climbed from 6.5% to 6.75%.
Are there price reductions happening in Santaquin right now? ▾
Yes — May 2026 is the first month with reliable price-reduction tracking, and 11 of 26 closings involved a seller who had already reduced their asking price before going under contract. That's 42% of May's closings, a meaningful share that reflects the growing competition among the 145 active listings currently on the market.
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
26 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 21 · 25th percentile 7 · 75th percentile 72
Needed a price change
Sold listings that had a recorded price change before close
12 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. Ridge 4 sold · $507K · 17d
- 2. Stratton Acres 3 sold · $550K · 95d
- 3. Foothill Village 2 sold · $419K · 20d
- 4. Summit Ridge 2 sold · $394K · 33d
- 5. Scenic Ridge 1 sold · $2,013K · 140d
May 2026 by property type
How each housing type performed last month — 24 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 26 | 33 | -21.21% | 113 | 146 | -22.60% |
| Median Sale Price | $530,000 | $410,000 | +29.27% | $455,195 | $442,884 | +2.78% |
| Median DOM | 21 | 30 | -30.00% | 28 | 28 | 0.00% |
| Sale-to-List Ratio | 99.77% | 100.03% | -0.26% | 99.91% | 100.19% | -0.28% |
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.