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
July 2026 · Market Analysis
Springville homes take twice as long to sell as rates near 7% cool July demand
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Homes in Springville took a median 50 days to sell in July 2026, nearly triple April's 12-day pace and up sharply from June's 18. That's also more than double the 22-day median from July 2025, even as active listings climbed to 149 — the highest of the past year and up from 114 in June and 98 in May. It's a buyer's market this month: supply is building, closings are slowing, and sellers are cutting prices to get deals done.
Market pulse
Closed sales bounced from June's thin 16 to 22 in July, but that's still below the 12-month average of 26 and below July 2025's 24. Active inventory has climbed every month since April's 85 — 98 in May, 114 in June, 149 in July — while new listings hit 57, the most of the past six months. Median days on market has moved the opposite direction of speed all spring: 12 in April, 31 in May, 18 in June, then a jump to 50 in July. Fourteen of the 22 July closings involved a price cut before the sale, the most of any month this year, and the sale-to-list ratio slipped to 98.55% from June's 100.83%.
Mortgage context
The 30-year rate has climbed steadily from 6.19% in February to a 6.79% monthly average in July, and now sits at 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That climb adds $54 to the monthly payment on Springville's $408,000 median home, a 2.6% jump in a single month, and is almost certainly part of why closings have slowed even as more homes sit on the market.
Payment math
Financing Springville's $408,000 median home with 20% down costs $2,144 a month in principal and interest at today's 6.875%, up $54 from $2,090 just 30 days ago at 6.625%, and $147 above the $1,997 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With 149 homes active and only 22 selling, you have leverage — especially under $400,000, where 11 of July's 22 closings landed at a median $320,000. Target homes already past the 50-day median, and don't be shy about offers below list: 11 of 22 closings sold under asking. Camelot's two July sales at a median $295,000 and 29 days show where value is clearing right now.
If you're selling
Price to what's actually closing, not what's sitting — the median list price of $549,000 is well above the $408,000 median sale, and that gap is why homes are lingering. Fourteen of July's 22 sellers had already cut price once before closing, so build a reduction into your plan rather than waiting out the market at your original number. If you're in the 400-700k band, expect a 50-day median wait, roughly double May's pace.
Outlook
Expect the slower pace to continue into late summer — rates have moved from 6.19% in February to 6.79% in July's average and are already at 6.875% today, which tends to push closings out further before school starts. Inventory at 149 active against 57 new listings in July suggests supply keeps building faster than demand can clear it. Sellers who need to move this fall should plan around 45-60 days on market rather than the 12-18 day pace buyers got used to in April and June.
Watch for
If new listings keep running above 50 a month while closings stay near 20-25, months-of-supply likely climbs past where it sits today and pushes the sale-to-list ratio below 98%.
"Springville's summer slowdown, in days on market and dollars"
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
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
24 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 50 · 25th percentile 29 · 75th percentile 66
Needed a price change
Sold listings that had a recorded price change before close
15 of 24 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. Camelot 2 sold · $295K · 29d
- 2. Cottages At Hobble Creek Mhd 1 sold · $1,300K · 62d
- 3. Quail Brook Estates 1 sold · $780K
- 4. Hunters Valley 1 sold · $763K · 47d
- 5. Springville Heights 1 sold · $660K · 84d
July 2026 by property type
How each housing type performed last month — 20 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 24 | 24 | 0.00% | 177 | 189 | -6.35% |
| Median Sale Price | $427,500 | $461,250 | -7.32% | $463,486 | $494,760 | -6.32% |
| Median DOM | 50 | 22 | +127.27% | 34 | 34 | 0.00% |
| Sale-to-List Ratio | 98.38% | 98.80% | -0.43% | 99.21% | 98.99% | +0.22% |
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.