Market analytics · July 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
July 2026 · Market Analysis
Santaquin inventory tops 178 as summer closings stay stuck near 22 a month.
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Closed sales in Santaquin held at 22 in July, matching February's pace but still 40% below last July's 37 closings and well under the prior 12-month average of 25. That gap wouldn't matter much on its own, but active listings have now climbed for five straight months — from 89 in March to 178 in July — while new listings added another 62 homes to the shelf. More homes, fewer buyers closing: that's the July story here.
Market pulse
Active inventory has more than doubled since March, moving from 89 to 178 homes by July, even as closings drifted from 26 in April and May down to 17 in June and back up to just 22 in July. Days on market crept from 18 in June to 21 in July, and the price-band mix shifted too — the over-$700K segment jumped from 1 sale in June to 5 in July, pulling the average sale price to $525,554 well above the $462,450 median. Sale-to-list dropped below 100% for the first time since March, landing at 98.25%, the clearest sign yet that list prices are outrunning what buyers will actually pay.
Mortgage context
The 30-year rate averaged 6.79% in July and has now climbed to 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That's part of why sale-to-list slipped to 98.25% this month, the softest reading since last winter — buyers are testing lower offers as borrowing costs keep climbing.
Payment math
A median-priced Santaquin home now runs $462,000, and financing it with 20% down costs $2,430 a month in principal and interest at today's 6.875% rate — $61 more than the $2,369 payment buyers faced 30 days ago at 6.625%, and $167 above the $2,263 payment from February's 6.19% low.
If you're buying
With 178 active listings against just 22 closings, you have room to negotiate — 7 of July's sales closed below list and only 4 went above. Target Silver Oaks or Foothill Village, where multiple closings this month give you real comparable sales, and don't anchor to the $534,950 median list price when the median sale landed at $462,450. Homes over $700K are moving slower (60-day median), so there's more leverage in that band if you're stretching for space.
If you're selling
Sale-to-list slipped to 98.25% in July, the softest reading of the last six months, so pricing at or slightly under recent sales in your subdivision beats testing the market high. Eleven of July's 22 closings sold right at list price, which tells you accurate pricing still moves homes — the ones sitting are the ones priced to last spring's numbers. With inventory at 178 and climbing from 138 in June, expect more competition from similar listings in Ridge and Stratton Acres.
Outlook
With rates near 6.875% today and trending toward 6.88% for August per the monthly average, expect closings to stay in the low 20s through late summer rather than snap back to last July's 37. Inventory at 178 gives buyers real choice for the first time in over a year, and unless new listings slow well below July's 62, sellers should expect sale-to-list ratios to keep drifting toward the high 97% range into fall.
Watch for
If new listings keep running near 60 a month while closings hold in the low 20s, months-of-supply likely pushes past 9 by fall, pulling sale-to-list further below the 98% mark.
"Santaquin's supply keeps climbing while sales refuse to follow."
Common questions about Santaquin this month
Is Santaquin a buyer's or seller's market right now? ▾
Leverage has shifted toward buyers. Active listings reached 178 in July, more than double March's 89, while closings held at 22 — well below the prior 12-month average of 25. The sale-to-list ratio dropped to 98.25%, the first sub-100% reading since March, meaning sellers are accepting offers below asking more often.
Why did the average sale price jump so much above the median in July? ▾
Five homes over $700,000 closed in July, up from just one in June, pulling the average sale price to $525,554 versus a median of $462,450. That gap tells you a handful of higher-end sales are skewing the average — the median is the better read on a typical Santaquin home.
How much has the rate climb added to a typical monthly payment in Santaquin? ▾
On the $462,000 median-priced home with 20% down, the monthly principal-and-interest payment is $2,430 at today's 6.875% rate, up $61 from 30 days ago and $167 above the $2,263 payment buyers saw in February when rates averaged 6.19%. That's a real dent in affordability over just five months.
Which Santaquin subdivisions are seeing the most activity this month? ▾
Silver Oaks led July with 5 closings at a median sale price of $316,900, continuing a pattern from earlier months. Foothill Village, Eastside Estates, and Ridge each added 2 closings, giving buyers the most comparable sales data in those areas.
Should sellers expect their home to sit longer this summer? ▾
Days on market crept up to a median of 21 in July from 18 in June, and homes over $700,000 are taking a median of 60 days to sell. With 178 active listings competing for 22 monthly buyers, homes priced above recent comparable sales in their subdivision risk sitting well past that median.
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
26 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 19 · 25th percentile 10 · 75th percentile 26
Needed a price change
Sold listings that had a recorded price change before close
8 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 5 sold · $317K · 23d
- 2. Foothill Village 3 sold · $570K
- 3. Eastside Estates 2 sold · $437K
- 4. Ridge 2 sold · $387K · 10d
- 5. Oak View Hills 1 sold · $990K
July 2026 by property type
How each housing type performed last month — 25 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 26 | 37 | -29.73% | 156 | 223 | -30.04% |
| Median Sale Price | $499,945 | $455,900 | +9.66% | $462,234 | $455,279 | +1.53% |
| Median DOM | 19 | 27 | -29.63% | 25 | 28 | -10.71% |
| Sale-to-List Ratio | 98.25% | 100.04% | -1.79% | 99.64% | 100.04% | -0.40% |
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.