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
June 2026 · Market Analysis
Closings thin out in Springville as summer inventory outpaces buyer demand
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Closed sales in Springville dropped to 16 in June 2026, down 47% from May's 30 and less than half the 38 closings recorded in June 2025. Active listings climbed to 121, the highest of the past seven months and up from 105 in May and 92 in April, while new listings eased back to 40 from May's 55. With only 16 sales, June is a light month to draw firm price conclusions from — of the homes that closed, the median landed at $469,500.
Market pulse
Closed sales have fallen every month since April's 35, sliding to 30 in May and 16 in June, while active inventory has moved the other direction — 92 in April, 105 in May, 121 in June. Median days on market actually tightened to 18 in June from 31 in May, and the sale-to-list ratio pushed to 100.83%, the strongest reading of the past six months, though that figure reflects just 16 closings rather than a broad trend. Price cuts before sale reached 8 of June's 16 closings, compared with 0-3 in the January-April months, a share worth watching as summer progresses.
Mortgage context
The 30-year rate has climbed each month since February's 6.19% average, reaching 6.66% in June and now sitting at 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That 30-day move adds $62 to the monthly payment on a median Springville home, a 2.6% increase that's landing on top of an already-thinning pool of June buyers.
Payment math
A $470,000 median home in Springville with 20% down now runs $2,467 a month in principal and interest at 6.875%, up $62 from $2,405 just 30 days ago at 6.625%, and $169 above the $2,298 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With 121 active listings against just 16 June closings, buyers have more room to negotiate than the sale-to-list ratio alone suggests — that 100.83% reflects a small, likely well-priced group of sales, not universal bidding. Look past the Hobble Creek corridor's higher-end listings like the $1.63 million Cottages at Hobble Creek sale toward the 400-700k band, where 11 of June's 16 sales closed at a $480,000 median. Homes with a price cut already applied — 8 of 16 closings this month — are a reasonable starting point for offers below list.
If you're selling
Inventory has grown for three straight months (92 in April, 105 in May, 121 in June) while closings have fallen just as fast, so pricing to move matters more now than it did in April's 12-day market. Sellers in the under-$400k band, where June's median dropped to $337,500 from May's $312,750 on just 4 sales, should lean on recent comparable sales in Springville Towns or Kelvin Grove rather than list prices from the spring rush. Expect buyers to negotiate given the thinner closing volume, even with days on market down to 18.
Outlook
With rates already at 6.875% and trending up each month since February, expect June's soft closing count to persist into July and August unless buyers adjust to the higher payment. Active inventory near 121 gives buyers more choices heading into late summer, but if new listings keep easing back from May's 55, that supply growth could stall by fall. Watch whether Springville's slower months push more buyers toward Spanish Fork or Mapleton, where similar inventory pressures may offer comparable homes at different price points.
Watch for
If the 30-year rate crosses 7% in the next 90 days, expect closings to fall further below June's 16, pushing active inventory past 130 homes by August as listings continue to outpace sales.
"Springville's supply catches up to a demand that didn't show"
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
16 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 18 · 25th percentile 10 · 75th percentile 31
Needed a price change
Sold listings that had a recorded price change before close
8 of 16 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. Cottages At Hobble Creek Mhd 1 sold · $1,630K · 55d
- 2. Crystal Springs 1 sold · $625K · 38d
- 3. Ashton 1 sold · $617K · 9d
- 4. Wild Horse 1 sold · $595K · 13d
- 5. The Grasslands 1 sold · $580K
June 2026 by property type
How each housing type performed last month — 13 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 16 | 38 | -57.89% | 153 | 165 | -7.27% |
| Median Sale Price | $469,500 | $476,700 | -1.51% | $469,131 | $499,634 | -6.11% |
| Median DOM | 18 | 36 | -50.00% | 32 | 36 | -11.11% |
| Sale-to-List Ratio | 100.83% | 99.50% | +1.34% | 99.34% | 99.02% | +0.32% |
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.