Market analytics
Springville, 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
Springville's $549,000 median is a mix story, with four big sales lifting it
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Springville's housing market posted a median home price of $549,000 in October, up from $419,500 in September. The jump says more about which homes sold than about values. Four sales above $700,000 closed at a median $1,640,125, and one Mountain Air Estates sale at $9,350,000 pushed the average sale price to $934,458. It is still a buyer-leaning market: 130 homes are listed, and at October's pace it would take about 5 months to sell them all. Homes took a median 38 days to sell, and the typical sale closed at 98.3% of list.
Market pulse
Listings are the longer story. Active homes for sale grew from 80 in April to 130 in October, and new listings rose to 39 from 36 in September. Closings slipped to 25 from 30 over the past month. Days on market held at 38, flat from September. Sale-to-list recovered to 98.3% from 97.1%, though only 3 of 25 sales closed above list.
Mortgage context
Springville's October sales were mostly mid-priced. Fourteen of 25 closings landed between $400,000 and $700,000, at a median $599,950, and that is the group where rate changes show up in the monthly bill. Rates have eased over the past 30 days, but they remain well above spring levels. Seven closings under $400,000 had a median of $308,000, and those buyers feel the rate the least in dollars.
Payment math
Put 20% down on the $549,000 median home and principal and interest comes to $3,033 a month at 7.375%, which is $113 less than the $3,146 at 7.75% thirty days ago, yet still $280 above April's $2,753 low when rates averaged 6.42%.
If you're buying
Homes in the $400,000 to $700,000 range took a median 46 days to sell in October, and under $400,000 took 58 days. Those are the slow groups, so that's where price cuts are most likely. Of 25 closings, 12 took a price change first, and 14 sold below list. Jessie's Brook had two closings at a median $637,000 after 48 days, a useful reference point if you're shopping that area.
If you're selling
What your home is worth follows what closed nearby, not October's headline median. Asking prices were close to closings this month, with a median list of $547,000 against a $549,000 median sale. Price it where nearby sales landed. Brookline condos took a median 70 days to sell at $291,450, so condo sellers should expect a longer wait than sellers above $700,000, who sold in a median 8 days.
Outlook
November and December usually bring fewer showings and fewer new listings, which could slow the growth in inventory. With 130 active homes, buyers will likely keep the edge on anything priced above recent sales. Rates have eased from last month, and another dip would help the $400,000 to $700,000 range most.
Watch for
If new listings stay near 39 a month while closings stay near 25, active inventory would pass 140 by January and supply would stretch beyond 5 months.
"Springville's price jump is mostly a mix effect, while the supply of homes keeps growing"
Common questions about Springville this month
What is the median home price in Springville? ▾
The median home price in Springville was $549,000 in October 2026, up from $419,500 in September. The average sale price was $934,458. It runs far higher because four sales over $700,000 closed at a median $1,640,125, including a $9,350,000 sale in Mountain Air Estates. The median list price was $547,000.
Is Springville a buyer's or seller's market? ▾
Springville leans toward buyers in October 2026. There were 130 active listings, about 5 months of supply, and homes took a median 38 days to sell. Of 25 closings, 14 sold below list and only 3 sold above.
How much is my Springville home worth? ▾
Springville's median sale price was $549,000 in October, and homes closed at about 98.3% of list. A typical sale took 38 days. Your own home's value depends on recent comparable sales nearby, and that matters more than the citywide median, which was lifted this month by high-end sales.
How have mortgage rates changed the monthly payment in Springville? ▾
On the $549,000 median home with 20% down, principal and interest is $3,033 a month at 7.375%. That is $113 less than 30 days ago. It is still $280 above April's level.
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
25 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 38 · 25th percentile 14 · 75th percentile 65
Needed a price change
Sold listings that had a recorded price change before close
12 of 25 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. Jessie's Brook 2 sold · 48d
- 2. Brookline 2 sold · 70d
- 3. Mountain Air Estates 1 sold · 23d
- 4. Cottages At Hobble Creek Mhd 1 sold · 10d
- 5. Spring Canyon 1 sold · 0d
- 6. Pheasant Run 1 sold · 5d
- 7. Anderson 1 sold · 53d
- 8. Grass 1 sold · 103d
October 2026 by property type
How each housing type performed last month — 23 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 25 | 29 | -13.79% | 272 | 275 | -1.09% |
| Median Sale Price | $549,000 | $505,000 | +8.71% | $466,583 | $488,548 | -4.50% |
| Median DOM | 38 | 51 | -25.49% | 33 | 35 | -5.71% |
| Sale-to-List Ratio | 98.34% | 98.48% | -0.14% | 98.81% | 98.92% | -0.11% |
Past months
Browse historical Springville 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.