Market analytics · June 2026 archive
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
June 2026 · Market Analysis
Spanish Fork closings rebound in June as luxury demand quietly leads the way.
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Closed sales in Spanish Fork bounced back in June, reaching 43 — up 30% from May's 33 and a meaningful recovery after what had been the slowest month of the spring. That said, June 2025 produced 57 closings, so demand is still running softer than a year ago. The gap between what sellers are asking ($586,950 median list price) and what buyers are paying ($519,600 median sale price) — roughly $67,000 — signals that the active shelf is priced well above where deals are actually getting done.
Market pulse
The luxury segment quietly carried June's story: 13 homes above $700,000 closed at a median of $850,000, and they moved fast — a median of just 6 days on market. That's a sharp contrast to the under-$400,000 band, where 12 closings took a median 74 days. Active inventory reached 198 homes in June, up from 171 in May and 152 in April, continuing a steady build through the spring. Fourteen of June's 43 closings involved a prior price reduction — a share worth watching as sellers test where the market actually clears.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% monthly average, reaching 6.66% in June and continuing higher since. At 6.875% today — up 0.125 percentage points over the past 30 days — borrowing costs are adding real friction for buyers who were underwriting deals at winter rates. FHA financing at 6.375% and VA loans at 6.5% are worth a close look for qualifying buyers trying to keep monthly payments manageable in this environment.
Payment math
A $520,000 home in Spanish Fork financed with 20% down carries a monthly principal-and-interest payment of $2,731 at today's 6.875% rate — $35 more than 30 days ago at 6.75%, and $201 above the February low when rates averaged 6.14% and that same loan would have run $2,530 a month.
If you're buying
With 198 active listings and a sale-to-list ratio of 99.16%, there's room to negotiate — especially on homes that have already taken a price cut. In River Run, 6 homes closed in June at a median of $341,252, making it one of the more accessible entry points in the city right now; homes there that have been sitting past 60 days are worth targeting. Buyers priced out of Spanish Fork's upper range might also compare notes with neighboring Payson or Salem, where similar square footage sometimes comes at a lower starting price.
If you're selling
The $67,000 gap between median list and median sale price is the clearest signal in June's data: homes priced to last year's expectations are sitting while correctly priced homes are closing. If your home is in the $400,000–$700,000 band, recent comparable sales in Spanish Fields and Mellor at Spanish Fork suggest pricing at or just below the comparable sale figure — not above it — is what's moving inventory. With 103 new listings hitting the market in June alone, competition on the active shelf is real.
Outlook
Inventory is likely to stay elevated through July and August as new listings continue running above 85 per month and rate headwinds keep some buyers on the sideline. The luxury segment — homes above $700,000 — has shown surprising speed, but the under-$400,000 range is where days on market are stretching longest, and that gap may widen if rates hold near current levels. Sellers who price accurately now, before the traditional late-summer slowdown, are in a better position than those waiting for fall.
Watch for
At the current pace of new listings — 103 in June alone — active inventory could cross 230 homes by late August if closings don't accelerate, pushing the sale-to-list ratio toward the mid-98% range and giving buyers even more room to negotiate on price.
"More closings, more listings, more price cuts — June showed Spanish Fork's summer market finding its footing without fully committing."
Common questions about Spanish Fork this month
Is Spanish Fork a buyer's or seller's market in June 2026? ▾
It's closer to balanced, leaning slightly toward buyers. Active inventory has grown to 198 homes and 14 of 43 closings involved a price cut before going under contract. The sale-to-list ratio of 99.16% means most homes are selling near asking, but the $67,000 gap between median list and median sale price tells you the active shelf is overpriced relative to where deals close.
Why did fewer homes close in Spanish Fork this June compared to last year? ▾
June 2025 produced 57 closings; June 2026 came in at 43 — a 25% drop. The most likely factor is affordability: the 30-year rate has climbed from 6.14% in February to 6.875% today, adding $201 a month to the principal-and-interest payment on a median-priced home. That's enough to push some buyers to the sideline or shift them toward lower price points.
Which neighborhoods in Spanish Fork are selling fastest right now? ▾
Mellor at Spanish Fork led on speed in June — 2 closings at a median of just 1 day on market and a median sale of $743,540. Sunny Ridge also moved quickly at 5 days. River Run was the most active subdivision with 6 closings, though those homes took a median 19 days and closed at a median of $341,252, reflecting the more affordable end of the market.
Should I cut my price if my Spanish Fork home hasn't sold? ▾
If your home has been listed more than 45 days without an offer, the data suggests a price adjustment is worth considering. Homes in the under-$400,000 band are sitting a median 74 days right now, and 14 of June's 43 closings had already taken a price cut. The active list price in Spanish Fork is running about $67,000 above where homes are actually closing, so buyers are anchoring to sold prices — not asking prices.
How does Spanish Fork's June market compare to a year ago? ▾
A year ago, Spanish Fork had 57 closings, 164 active listings, and a sale-to-list ratio of 99.94%. Today there are 43 closings, 198 active listings, and a 99.16% sale-to-list ratio. Median sale price has moved from $490,000 to $519,600 — up about 6% — but buyers have more choices and slightly more negotiating room than they did in June 2025.
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
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
43 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 19 · 25th percentile 5 · 75th percentile 91
Needed a price change
Sold listings that had a recorded price change before close
14 of 43 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. River Run 6 sold · $341K · 19d
- 2. Oakridge Cove 2 sold · $899K · 64d
- 3. Canyon View 2 sold · $750K · 89d
- 4. Mellor At Spanish Fork 2 sold · $744K · 1d
- 5. Sunny Ridge 2 sold · $677K · 5d
June 2026 by property type
How each housing type performed last month — 41 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 43 | 57 | -24.56% | 280 | 341 | -17.89% |
| Median Sale Price | $519,600 | $490,000 | +6.04% | $496,283 | $462,995 | +7.19% |
| Median DOM | 19 | 21 | -9.52% | 35 | 26 | +34.62% |
| Sale-to-List Ratio | 99.16% | 99.94% | -0.78% | 99.64% | 99.54% | +0.10% |
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.