Market analytics · September 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
September 2026 · Market Analysis
Spanish Fork buyers get 266 homes to pick from as Oakridge Cove sells fast
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Thirty-nine homes closed in Spanish Fork in September, up 44% from August's 27, and the median home price was $489,900. That is a rebound in buyer activity, but the housing market is still tilting toward buyers: active listings reached 266, about 7 months of supply at this pace. Homes closed at 99.6% of list on a median of 11 days on market, so well-priced homes still move. Asking prices run ahead of closings, with a median list price of $576,000 against that $489,900 sale price.
Market pulse
Supply has been the bigger movement. Active listings rose from 127 in April to 266 in September. Closings were choppy over the same stretch, falling to 27 in August before recovering to 39. The price split was sharp in September. The 12 sales above $700,000 closed in a median 7 days at $750,000. The 19 homes in the $400,000 to $700,000 band took a median 36 days. Twenty of the 39 closings followed a price cut.
Mortgage context
Spanish Fork's $400,000 to $700,000 band is where rates bite, and it produced 19 of September's 39 closings at a median $465,000. Those buyers took a median 36 days to close, far slower than the over-$700,000 group. With the 30-year at 7.5%, up from 7.125% thirty days ago, that middle group has the most to negotiate over.
Payment math
Put 20% down on the $490,000 median home price and principal and interest comes to $2,740 a month at 7.5%, which is $100 more than the $2,640 payment at 7.125% thirty days ago and $283 above April's $2,457 low, when rates averaged 6.42%.
If you're buying
Focus on the $400,000 to $700,000 range, where homes took a median 36 days and 20 of September's 39 closings followed a price cut. Meadow Creek is worth a look: three homes closed there at a median $519,900 after 57 days. Ask for a price reduction or seller-paid rate help rather than paying list.
If you're selling
Buyers paid about 99.6% of list in September, but only if the price was right from the start. Your home is up against 266 active listings, so check recent sales in your own area before setting a number. Homes in River Run closed at a median $419,000 after 28 days, and Oakridge Cove sold in a median 0 days at $835,980. Both are examples of the pricing that works.
Outlook
Showings usually thin from October into winter in Utah County. With 266 homes listed and 87 new listings arriving in September, buyers should keep the edge through year-end. At a 7.5% rate, expect more price cuts than bidding wars, especially in the middle price band.
Watch for
If new listings stay near 87 a month while closings hold near 39, supply would stay above 6 months and the median could slip toward the low $480,000s by winter.
"Spanish Fork's September brought buyers back, but sellers now share the stage with 266 other listings."
Common questions about Spanish Fork this month
What is the median home price in Spanish Fork? ▾
The median sale price in Spanish Fork in September 2026 was $489,900, up from $460,000 a year earlier. The average sale price was $555,130. The average runs higher because 12 sales above $700,000 closed at a median $750,000. The median list price was $576,000.
Is the Spanish Fork housing market slowing down? ▾
Spanish Fork is leaning toward buyers more than it is slowing. Closings rose to 39 in September from 27 in August, but active listings climbed to 266 from 218. Homes sold at 99.6% of list in a median 11 days.
How much is my Spanish Fork home worth? ▾
Spanish Fork homes sold for a median $489,900 in September, at about 99.6% of list. Your own value depends on recent sales of similar homes nearby, and in a market with 266 listings, condition and price matter. Ask for recent comparable sales within your subdivision.
How have rates changed the monthly payment in Spanish Fork? ▾
At 7.5%, principal and interest on the $490,000 median home with 20% down is $2,740 a month. That is $100 more than a month ago and $283 above April's low. It is one reason the $400,000 to $700,000 band took a median 36 days to sell in September.
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
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
57 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 29 · 25th percentile 7 · 75th percentile 61
Needed a price change
Sold listings that had a recorded price change before close
28 of 57 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. River Run 6 sold · $420K · 63d
- 2. Meadow Creek 4 sold · 18d
- 3. Quiet Valley 4 sold · 48d
- 4. Canyon View Meadows 3 sold · 0d
- 5. Oakridge Cove 3 sold · 0d
- 6. Legacy Farms At Spanish Fork 3 sold · 41d
- 7. Annies Acres 2 sold · 22d
- 8. Whispering Willow 2 sold · 19d
September 2026 by property type
How each housing type performed last month — 56 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 57 | 45 | +26.67% | 437 | 496 | -11.90% |
| Median Sale Price | $489,900 | $455,000 | +7.67% | $498,052 | $470,799 | +5.79% |
| Median DOM | 29 | 42 | -30.95% | 32 | 29 | +10.34% |
| Sale-to-List Ratio | 99.34% | 100.30% | -0.96% | 99.59% | 99.49% | +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.