Market analytics
South Jordan, 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
South Jordan closings pull back in May as listings reach their highest count in months.
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Closed sales in South Jordan fell to 82 in May 2026, down 32% from April's 121 closings — a meaningful step back after two months of accelerating activity. A year ago in May 2025, South Jordan recorded 110 closings, so this May came in 25% below that pace. At the same time, active inventory reached 522 homes, up from 420 in April and well above the 312 active listings recorded in May 2025, giving buyers a noticeably wider selection than they had entering last summer.
Market pulse
Active inventory in South Jordan has climbed steadily since the winter trough: 224 homes in December 2025, 272 in January, 351 in February, 382 in March, 420 in April, and 522 in May — a more than doubling from December's level. New listings also kept pace, with 207 homes entering the market in May, up from 190 in April and the most of any month in the past six. Despite that supply growth, the sale-to-list ratio slipped to 98.87% in May from 99.41% in April, and 30 of the 82 May closings involved a seller who had already cut their asking price — the first month this figure is reliably tracked. Days on market compressed to a median of 18 days in May, down from 24 in April, though that figure reflects the homes that did sell; the growing count of listings sitting unsold tells a different story about overall demand.
Mortgage context
The 30-year fixed rate now sits at 6.75%, up 0.25 percentage points from 6.50% thirty days ago, and 0.56 percentage points above February's monthly average of 6.19% — the low point of the past six months. That climb from February through May has added real cost to every purchase in South Jordan, and with June's monthly average already tracking above May's 6.55%, the affordability ceiling is tightening further just as inventory is expanding. Buyers who qualified comfortably at February's rates may find themselves shopping a price band lower today.
Payment math
On a median-priced home here — about $635,000 with 20% down — the monthly principal-and-interest payment lands at $3,295 at 6.75% — $84 more than 30 days ago at 6.50%, and $187 above the February low when rates averaged 6.19% and the payment would have been $3,108.
If you're buying
Target homes that have been listed for more than 35 days — in Daybreak, where 29 closings posted a median of 35 days on market, sellers on the longer end of that range are more likely to negotiate. The sale-to-list ratio on May closings that came in below list price averaged closer to the low-98% range, so offers 2–3% under asking on stale inventory are grounded in what the market is actually clearing. Kennecott is worth a close look as well: 9 closings there at a median of $560,000 and 18 days on market suggests that neighborhood is moving at a discount to Daybreak's $605,000 median with similar speed.
If you're selling
With 522 active listings competing for 82 buyers in May, South Jordan sellers need to price to where the market is now — not where it was in April when 121 homes closed. Homes in the $400,000–$700,000 band posted a median of 23 days on market in May, but 44 of the 82 closings came in below list price, so pricing at or just under recent comparable sales in your neighborhood gives you the best chance of landing in that closing column. If your home is in Daybreak or the Kennecott corridor, condition and staging matter more than ever: buyers have enough choices that a home needing work will sit while move-in-ready inventory moves.
Outlook
Over the next 60–90 days, South Jordan is likely to see continued inventory growth as new listings run above 190 per month and closings remain constrained by rates near or above 6.75%. If the 30-year rate holds at current levels through July, the gap between what sellers expect and what buyers can afford will keep the sale-to-list ratio drifting below 99% and price-cut activity elevated. Buyers considering South Jordan as an alternative to pricier Draper or Sandy neighborhoods along the Silicon Slopes corridor will find more negotiating room this summer than at any point in the past year, but the monthly payment math at 6.75% remains a real constraint on how far demand can recover.
Watch for
If the 30-year rate crosses 7.00% before August, expect active inventory in South Jordan to climb past 600 homes and the sale-to-list ratio to slip below 98.5% as buyer purchasing power erodes further.
"More homes, fewer closings, and rising rates: South Jordan's May reset hands buyers more room to negotiate."
Common questions about South Jordan this month
Is South Jordan a buyer's or seller's market in May 2026? ▾
The balance has shifted toward buyers. With 522 active listings and only 82 closings in May, it would take roughly 6.4 months to sell every home currently listed at that pace — well above the 2–3 month range that characterized South Jordan through most of 2025. Sellers are still closing deals, but 44 of the 82 May closings came in below the asking price, and 30 involved a price cut before the sale.
Why did South Jordan home sales drop so much from April to May? ▾
April's 121 closings reflected contracts signed in March, when rates averaged 6.48% and buyer confidence was building after the spring market opened. May's 82 closings reflect contracts signed in April, when rates climbed back toward 6.42% on average and inventory was already expanding. The combination of higher borrowing costs and more competition among listings appears to have slowed buyer decision-making.
Are home prices falling in South Jordan? ▾
The May median sale price of $635,000 is up from April's $615,000, but the sample of 82 closings is smaller than April's 121, so month-to-month median swings can reflect which price bands happened to close rather than a clean directional move. What's clearer is that 30 of 82 May closings involved a seller who had already reduced their price, and the sale-to-list ratio slipped to 98.87% from 99.41% in April — both signs that sellers are making concessions to get deals done.
How does Daybreak compare to the rest of South Jordan right now? ▾
Daybreak accounted for 29 of South Jordan's 82 May closings, with a median sale price of $605,000 and a median of 35 days on market — longer than the citywide median of 18 days. That gap suggests Daybreak's larger and newer inventory is taking more time to move than the broader market. The Downtown Daybreak pocket posted a median of 49 days on market on 3 closings at $456,870, which may appeal to buyers looking for relative value within the master-planned community.
What does the rate environment mean for South Jordan buyers this summer? ▾
At 6.75%, the monthly principal-and-interest payment on a median-priced $635,000 South Jordan home with 20% down runs $3,295 — $187 more per month than it would have been at February's 6.19% average. That difference is enough to push some buyers into the $400,000–$700,000 price band rather than the over-$700,000 segment, which saw only 27 closings in May compared to 46 in April. Buyers who can qualify at current rates have more inventory to choose from than at any point in the past year, but the math is tighter.
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
84 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 18 · 25th percentile 3 · 75th percentile 49
Needed a price change
Sold listings that had a recorded price change before close
29 of 84 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. Daybreak 30 sold · $605K · 29d
- 2. Kennecott 9 sold · $560K · 18d
- 3. Downtown Daybreak 3 sold · $457K · 49d
- 4. Crystal Cove 2 sold · $633K · 25d
- 5. Garden Park Daybreak 2 sold · $579K · 7d
May 2026 by property type
How each housing type performed last month — 84 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 84 | 110 | -23.64% | 438 | 411 | +6.57% |
| Median Sale Price | $635,000 | $642,113 | -1.11% | $624,826 | $607,738 | +2.81% |
| Median DOM | 18 | 35 | -48.57% | 32 | 32 | 0.00% |
| Sale-to-List Ratio | 98.87% | 99.43% | -0.56% | 99.07% | 99.46% | -0.39% |
Past months
Browse historical South Jordan 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.