Market analytics
Spanish Fork, 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
October 2026 · Market Analysis
Spanish Fork closings fell to 37 in October as Oakridge Cove kept selling
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Spanish Fork's housing market slowed in October, with 37 closings versus 57 in September, even though the median home price climbed to $529,900. Active listings reached 280, about 7.5 months of supply at this pace, so buyers have more choice than a year ago when 152 homes were for sale. Homes closed at 98.7% of list, down from 99.3% in September. The median home price was up from $465,000 in October 2025, but that number comes from a thin month.
Market pulse
Listings kept building. Active inventory rose from 133 in April to 280 in October, while new listings dropped to 64 from 87 in September. Closings fell 35.1% in a month, from 57 to 37. The price split mattered: the 12 sales over $700,000 had a median of $833,691 and pulled the average sale price to $594,516, well above the median. Homes under $400,000 were slowest, with 6 sales at a median of 61 days.
Mortgage context
Spanish Fork is a mid-priced market. Nineteen of October's 37 closings landed between $400,000 and $700,000, at a median $494,900. Another 12 sold above $700,000. The 30-year rate eased to 7.375% over the past month, which helps a little, but it is still well above spring levels for that middle group.
Payment math
Buying at the $530,000 median home price with 20% down costs $2,928 a month in principal and interest at 7.375%, which is $109 less than the $3,037 at 7.75% thirty days ago, but still $271 above April's $2,657 payment when rates averaged 6.42%.
If you're buying
Look at listings that have sat past 60 days. A quarter of October's closings took longer than 74 days, and 15 of 37 sold below list. Under $400,000 is where homes lingered, at a median of 61 days. Meadow Creek had three closings at a median $494,900 and 16 days, so that area moves quicker.
If you're selling
Homes closed at 98.7% of list in October, so price your home to match what sold nearby, not to the listing next door. Sixteen of the 37 closings took a price cut first, which shows overpricing gets corrected. Oakridge Cove had four sales around $882,143, mostly sold quickly, so the high-end buyers are still there if you are priced right.
Outlook
Winter usually thins out showings and new listings, and the 64 new listings in October already point that way. With about 7.5 months of supply, buyers should keep the edge into early 2027. Rates falling further would help the $400,000 to $700,000 group first.
Watch for
If new listings stay near 64 a month while closings hold near 37, inventory would stay above 7 months of supply through winter, and sale-to-list could slip toward 98%.
"Fewer buyers, more listings, and a higher sticker price in Spanish Fork's October"
Common questions about Spanish Fork this month
What is the median home price in Spanish Fork? ▾
The median home price in Spanish Fork was $529,900 in October 2026, based on 37 closings. The average sale price was $594,516. It runs higher because 12 sales over $700,000 had a median of $833,691. The median list price was $529,250.
Is the Spanish Fork housing market slowing down? ▾
Yes, on volume. Spanish Fork closings fell from 57 in September to 37 in October, and active listings grew to 280. Homes still sold in a median 21 days, so well-priced homes keep moving.
How much is my Spanish Fork home worth? ▾
Spanish Fork homes sold at a median $529,900 in October, at 98.7% of list price. Your own home's value depends on recent comparable sales nearby, such as Meadow Creek, where three homes closed at a median $494,900. October was a light month, so look at several months of sales.
How have mortgage rates changed Spanish Fork payments? ▾
At the $530,000 median home price with 20% down, principal and interest is $2,928 a month at 7.375%. That is $109 lower than 30 days ago. It is still $271 above April's payment.
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
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
37 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 21 · 25th percentile 8 · 75th percentile 74
Needed a price change
Sold listings that had a recorded price change before close
16 of 37 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 neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Oakridge Cove 4 sold · 0d
- 2. Meadow Creek 3 sold · 16d
- 3. Maple Mountain Estates 2 sold · 53d
- 4. Willow Estates 1 sold · 0d
- 5. Canyon View 1 sold · 121d
- 6. Canyon View Meadows 1 sold · 33d
- 7. Legacy Farms At Spanish Fork 1 sold · 21d
- 8. Cambridge Estates 1 sold · 49d
October 2026 by property type
How each housing type performed last month — 36 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 37 | 54 | -31.48% | 474 | 550 | -13.82% |
| Median Sale Price | $529,900 | $465,000 | +13.96% | $500,538 | $470,230 | +6.45% |
| Median DOM | 21 | 36 | -41.67% | 32 | 30 | +6.67% |
| Sale-to-List Ratio | 98.73% | 99.04% | -0.31% | 99.52% | 99.45% | +0.07% |
Past months
Browse historical Spanish Fork 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.