Market analytics · April 2026 archive
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
April 2026 · Market Analysis
Springville closings accelerate in April as median days-on-market drops to 12
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The defining story in Springville's April 2026 market is how quickly homes moved off the shelf. Median days-on-market fell to just 12 days — down from 32 in March and 58 in February — meaning the typical home that went under contract in April did so in less than two weeks. That pace is sharply faster than April 2025, when the median sat at 39 days, and it signals a meaningful shift in buyer urgency heading into the peak spring season. Thirty-five homes closed in April, with 13 selling above list price and a sale-to-list ratio of 99.37%, against 91 active listings a year ago compared to 110 today.
Market pulse
The six-month arc of Springville's market tells a clear story of winter stagnation giving way to spring momentum. Median DOM peaked at 82 days in December 2025 and stayed elevated through January (51 days) and February (58 days), then broke sharply lower — 32 days in March, 12 days in April. Concurrently, the share of homes selling above list price climbed from zero in January to 9 in March and 13 in April, while the sale-to-list ratio recovered from a winter low of 97.58% in January to 99.37% in April. Active inventory reached 110 homes in April, up from 104 in March and 99 in February, so supply is growing — but demand is absorbing it quickly enough to keep absorption at 3.14 months, nearly unchanged from March's 3.15.
Mortgage context
The 30-year fixed rate currently sits at 6.625%, up 0.375 pp over the past 30 days from 6.25% thirty days ago — and up 0.43 pp from February's monthly average of 6.19%, which was the softest rate of the past six months. That February dip briefly improved affordability for Springville buyers, but rates have since climbed back through March's 6.48% average and into the current range, adding real dollars to monthly payments. FHA financing at 6.00% and VA at 6.25% remain meaningfully cheaper options for qualifying buyers, and the spread between conventional and government-backed loans is wide enough to shift purchase decisions in Springville's sub-$500K segment.
Payment math
On a median-priced home today, P&I lands at $2,505/mo at 6.625% — $96/mo more than 30 days ago at 6.25%, and $112/mo above the February low when rates averaged 6.19% and P&I would have been $2,393.
If you're buying
Target homes that have been sitting 40 or more days — Imperial Heights and similar established neighborhoods show listings with median DOM around 44 days, and those sellers are more likely to negotiate; the sale-to-list ratio on stale inventory tends to run closer to 97–98% rather than the market-wide 99.37%. In the $400K–$700K band, where 20 of April's 35 closings occurred, well-priced homes in Anthem West and Westfields Central are moving in under a week, so have financing locked and be prepared to move quickly on fresh listings in that range. If your budget allows FHA or VA financing, the rate gap versus conventional (6.00% FHA vs. 6.625% conventional) translates to roughly $100/mo in savings on a median-priced Springville home — worth running the numbers before defaulting to a conventional loan.
If you're selling
With median DOM at 12 days and 13 of 35 April closings going above list price, correctly priced homes in Springville are not sitting — but the 16 that sold below list price are a reminder that overpricing still carries a real cost. Price at or just under your nearest comp rather than testing the ceiling; homes that enter the market clean and priced to the current $478,000 median list are the ones attracting multiple offers, while the two that required price changes in April averaged significantly longer on market. If you're in the Hobble Creek canyon area or the Stonebury Estates PUD tier, note that the luxury segment (over $700K) is moving at a median of 25 days — faster than a year ago — but jumbo financing at 7.375% is constraining the buyer pool, so condition and presentation matter more at that price point.
Outlook
Over the next 60–90 days, Springville's spring momentum should persist as long as new listings continue arriving at the current pace — 45 came to market in April, roughly matching March's 43, and that steady supply is keeping absorption balanced near 3 months rather than tightening into a frenzy. Rates drifting higher (the May monthly average is tracking around 6.51%) will apply incremental pressure on the sub-$400K segment, where buyers are most payment-sensitive, and could push some first-time buyers toward Payson or Spanish Fork as cheaper alternatives along the US-6 corridor. The over-$700K segment, which saw 6 closings in April at a median of $855,000, bears watching — if jumbo rates hold above 7.375%, that segment may slow even as the mid-range stays active.
Watch for
If the 30-year fixed rate crosses 7.00% before July, expect median DOM in Springville's $400K–$700K core to rebound toward 30+ days and the above-list-price closing share to fall back below 30% of monthly volume.
"Springville's spring snap: homes selling in under two weeks as buyer urgency returns to the Hobble Creek corridor."
Common questions about Springville this month
Is Springville a buyer's or seller's market in April 2026? ▾
It's a mild seller's market in the core price range. With median DOM at 12 days, a sale-to-list ratio of 99.37%, and 13 of 35 closings going above list price, well-priced homes in the $400K–$700K band are moving quickly. However, 16 homes sold below list price in the same month, so the market rewards accurate pricing rather than aggressive testing — it's not a blanket seller's advantage.
How fast are homes selling in Springville right now? ▾
The median home that closed in April 2026 was on the market for 12 days — down from 32 days in March and 58 days in February. The fastest-moving segment is the $400K–$700K range, where the median DOM was 15 days. Neighborhoods like Anthem West saw homes close in a median of just 5 days, while higher-end properties in Stonebury Estates PUD took considerably longer at 131 days.
What is the median home price in Springville in April 2026? ▾
The median sale price in April 2026 was $489,000, essentially flat compared to March's $489,900 and up from $471,000 in April 2025. The $400K–$700K segment closed at a median of $499,000, while the 9 homes under $400K closed at a median of $330,000. Six homes over $700K closed at a median of $855,000.
How are rising mortgage rates affecting Springville buyers? ▾
The 30-year fixed rate is currently 6.625%, up from 6.25% thirty days ago and up 0.43 percentage points from February's low of 6.19%. On a median-priced Springville home, that February-to-now rate climb adds $112/mo to a principal-and-interest payment, bringing it to $2,505/mo. FHA financing at 6.00% and VA at 6.25% offer meaningful savings for qualifying buyers, particularly in the sub-$400K segment.
Are there more homes for sale in Springville than last year? ▾
Yes — active inventory reached 110 homes in April 2026, up from 91 in April 2025, a 21% increase year-over-year. New listings also came in at 45 in April, nearly matching April 2025's 44. The additional supply is giving buyers more choices, but absorption remains at 3.14 months, which still favors sellers in the mid-range price bands.
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 ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
35 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 12 · 25th percentile 6 · 75th percentile 38
Needed a price change
Sold listings that had a recorded price change before close
2 of 35 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. Anthem West 2 sold · $501K · 5d
- 2. Imperial Heights 2 sold · $463K · 44d
- 3. Stonebury Estates Pud 1 sold · $1,050K · 131d
- 4. Harvest Meadows 1 sold · $875K · 11d
- 5. Wood Estates 1 sold · $835K · 7d
April 2026 by property type
How each housing type performed last month — 34 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 35 | 38 | -7.89% | 107 | 97 | +10.31% |
| Median Sale Price | $489,000 | $471,000 | +3.82% | $486,636 | $502,706 | -3.20% |
| Median DOM | 12 | 39 | -69.23% | 34 | 38 | -10.53% |
| Sale-to-List Ratio | 99.47% | 99.12% | +0.35% | 99.21% | 98.93% | +0.28% |
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.