Market analytics · May 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
May 2026 · Market Analysis
Springville's spring sprint slows: days on market double from April's record low
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After April's remarkable 12-day median — the fastest pace Springville had seen all cycle — May 2026 brought a recalibration. Median days on market doubled to 24, a clear step back from April's sprint, though still well below the 51-day readings of January and the 82-day slog of December 2025. Active inventory reached 130 homes in May, up from 110 in April and 31% above the 99 active listings Springville carried in May 2025, giving buyers meaningfully more to choose from than a year ago.
Market pulse
The six-month arc in Springville tells a story of a market that accelerated hard into spring and is now finding a steadier rhythm. Median days on market fell from 82 in December 2025 to 51 in January, bounced to 58 in February, then broke sharply lower — 32 days in March, 12 days in April — before settling at 24 days in May. Concurrently, new listings have climbed every month since December's low of 10, reaching 55 in May, and active inventory has grown from 66 homes in December to 130 in May. The sale-to-list ratio eased slightly to 99.03% in May from April's 99.47% and March's 99.69%, suggesting sellers are getting very close to — but no longer routinely above — their asking prices.
Mortgage context
The 30-year fixed rate has climbed to 6.75% — up 0.25 percentage points from 6.50% thirty days ago and 0.56 percentage points above February's monthly average of 6.19%, which was the low point of the past seven months. That February-to-now climb has added real cost for Springville buyers: after dipping to a monthly average of 6.19% in February, rates moved back up through March (6.48%), April (6.42%), and May (6.55%) before reaching today's spot rate of 6.75%, steadily narrowing the pool of buyers who can comfortably qualify at Springville's price points.
Payment math
On a median-priced home here — about $400,000 with 20% down — the monthly principal-and-interest payment lands at $2,076 at 6.75% — $53 more than 30 days ago at 6.50%, and $118 above the February low when rates averaged 6.19% and the payment would have been $1,958.
If you're buying
With 130 active listings and median days on market back at 24, Springville buyers have more negotiating room than at any point since last winter — target homes in the Westfields Central and Hunters Valley areas that have been sitting past 30 days, where the sale-to-list ratio on stale inventory tends to run closer to 97-98% rather than the market-wide 99%. The under-$400K segment saw 14 closings in May with a median of 40 days on market, meaning patient buyers in that price band have real leverage; consider making offers on listings past the 30-day mark before the summer selling season tightens supply again.
If you're selling
Sellers in Springville's $400K–$700K band — which produced only 11 closings in May versus 20 in April — should price carefully against what similar homes actually sold for in April and May rather than leaning on last spring's higher medians; the mix has shifted toward smaller and lower-priced homes this month, and overpricing to the $489K–$519K range risks sitting while 10 of May's 29 closings involved sellers who had already cut their price. Homes in established neighborhoods like Springbrook Villas and Boulder Springs Estates that are well-conditioned and priced within 1-2% of recent comparable sales are still moving in under two weeks — condition and pricing discipline are what separate the quick sales from the ones that linger.
Outlook
Over the next 60 to 90 days, Springville's market faces a tug-of-war between seasonal demand — summer typically brings more active buyers along the US-6 corridor and from families relocating ahead of the school year — and rising borrowing costs that are already 0.56 percentage points above February's low. If new listings continue arriving at May's pace of 55 per month, the supply of available homes will keep growing, giving buyers more choices and putting modest downward pressure on the sale-to-list ratio. Buyers priced out of Provo or Orem, where similar homes often carry higher price tags, will continue to look at Springville as a value alternative, which should keep demand from softening too sharply even as rates climb.
Watch for
If the 30-year fixed rate crosses 7.00%, expect the time it would take to sell every currently listed Springville home at the recent monthly sales pace to stretch past six months, shifting meaningful negotiating power to buyers in the $400K–$700K band.
"April's two-week frenzy gave way to a more measured May — Springville finds a middle gear as inventory builds and rates climb."
Common questions about Springville this month
Is Springville a buyer's or seller's market in May 2026? ▾
It's moving toward balance. The sale-to-list ratio of 99.03% and median days on market of 24 still favor sellers in well-priced segments, but 130 active listings — up from 110 in April and 99 a year ago — means buyers have more options and more room to negotiate than they did just two months ago. Homes that are priced right are still moving in under three weeks; homes that aren't are sitting and cutting.
Why did Springville's median sale price drop so sharply in May? ▾
The May median of $400,000 reflects a significant shift in the mix of what closed, not necessarily a drop in what individual homes are worth. Fourteen of the 29 closings were in the under-$400K price band — more than any other segment — compared to just 9 in April and 4 in May 2025. When a higher share of smaller, lower-priced homes close in a given month, the median falls even if prices within each segment are stable. The $400K–$700K band's median came in at $460,000 in May, and the over-$700K group closed at a median of $850,000.
How much does the current mortgage rate affect my monthly payment on a Springville home? ▾
At today's 6.75% rate, a buyer putting 20% down on a $400,000 home — roughly the May median — would pay about $2,076 per month in principal and interest. That's $53 more per month than 30 days ago when rates were at 6.50%, and $118 more than February's low when rates averaged 6.19% and the same payment would have been $1,958. FHA and VA options at 6.25% can reduce that figure for qualifying buyers.
Are homes in Springville still getting multiple offers? ▾
Some are. In May, 9 of 29 closings sold above list price and another 9 sold at list — meaning about 62% of closings went at or above asking. That's a step down from April, when 13 of 35 closings went above list. Well-priced homes in neighborhoods like Springbrook Villas and Country Springs are still moving quickly, often in under a week, while homes in the $400K–$700K band that have been sitting past 30 days are more likely to close below list.
Is now a good time to list a home in Springville? ▾
Summer is historically an active period for Springville, with families from Provo and Orem looking for more affordable options along the US-6 corridor before the school year starts. With 130 active listings currently on the market, sellers face more competition than they did in April, so condition and pricing relative to recent comparable sales matter more than they did two months ago. Sellers who price within 1-2% of what similar homes actually closed for in April and May — rather than last spring's higher medians — are the ones moving quickly.
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
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
30 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 27 · 25th percentile 5 · 75th percentile 43
Needed a price change
Sold listings that had a recorded price change before close
10 of 30 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. Springbrook Villas 2 sold · $455K · 6d
- 2. Cherry Creek 1 sold · $1,815K · 0d
- 3. Spring Canyon 1 sold · $1,678K · 31d
- 4. Country Springs 1 sold · $950K · 5d
- 5. Hunters Valley 1 sold · $750K · 40d
May 2026 by property type
How each housing type performed last month — 28 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 30 | 30 | 0.00% | 137 | 127 | +7.87% |
| Median Sale Price | $406,500 | $518,750 | -21.64% | $469,088 | $506,496 | -7.39% |
| Median DOM | 27 | 29 | -6.90% | 32 | 36 | -11.11% |
| Sale-to-List Ratio | 99.12% | 98.70% | +0.43% | 99.19% | 98.87% | +0.32% |
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.