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
August 2026 · Market Analysis
Springville closings stay thin in August as inventory climbs to a year-long high
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Closed sales in Springville came in at 20 for August 2026 — down 39% from August 2025's 33 closings and the second-lightest month of the past year. That drop in transaction volume is the headline, and it's happening even as prime summer selling weather kept new listings coming in. Active inventory reached 138 homes, nearly double the 72 active listings from a year ago, while the median sale price of $498,000 sits well below the median list price of $549,450 — a $51,000 gap that tells buyers the active shelf is priced above what's actually closing.
Market pulse
The six-month arc shows a market that peaked in spring and has been losing momentum since. Closings ran 33 in March and 35 in April, then fell to 30 in May, 16 in June, 26 in July, and 20 in August. Active inventory moved in the opposite direction — 84 homes in March and April, 93 in May, 103 in June, 118 in July, and 138 in August. Days on market tell a similar story: the median was 12 days in April, climbed to 31 in May, dipped briefly to 18 in June on a very thin close count, then jumped to 50 in July and settled at 45 in August. The sale-to-list ratio has drifted from 99.69% in March to 98.41% in August, meaning sellers are giving back more ground at the table than they were in the spring.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% average, reaching 6.77% in August and now sitting at 6.875% — up 0.125 percentage points over the past 30 days. That sustained climb from winter through late summer has added real weight to monthly payments on Springville-priced homes, and it's a meaningful part of why buyer activity has stayed muted even during what is typically the busiest stretch of the year.
Payment math
At $498,000 with 20% down, the monthly principal-and-interest payment runs $2,617 at today's 6.875% rate — $33 more than 30 days ago at 6.75%, and $192 above the February low when rates averaged 6.14% and that same loan would have cost $2,425 a month.
If you're buying
With 138 active listings and only 20 closings last month, buyers have real room to negotiate — especially on homes that have been sitting. Eleven of August's 20 closings sold below list price, and 11 of those 20 sellers had already cut their price before closing. Target homes past 45 days on market in the $400K–$700K band, where the median days on market was 48 in August; that's where sellers are most likely to move on price. Springville Towns, which had two closings at a median of $402,450 after 47 days on market, is one pocket worth watching for buyers who want a lower entry point without leaving the city.
If you're selling
The active list price median of $549,450 is running $51,000 above what homes are actually closing at — sellers anchoring to that number are the ones sitting. Price to the $498,000 range or below if your home is in the $400K–$700K band, and plan for a 45-plus-day timeline. Homes in Boulder Springs and The Grasslands that closed in August did so at $903,000 and $722,000 respectively, but those are outliers; the bulk of the market is transacting in the mid-$400s to low-$500s, and condition and pricing discipline matter more right now than they have all year.
Outlook
With 138 active listings and closings running well below the 12-month average of 26 per month, the supply-demand balance is tilted toward buyers heading into fall. Rates near 6.875% — up 0.74 percentage points from February's low — are keeping a lid on the pool of qualified buyers, and the seasonal slowdown that typically arrives in September and October will likely push days on market higher and put additional pressure on list prices. Sellers who don't adjust pricing before the back-to-school transition in the Provo-Orem corridor finishes will face a thinner buyer pool through November.
Watch for
At August's pace of 20 closings a month, it would take roughly seven months to sell every home currently listed — and if new listings continue arriving at 40-plus per month while closings stay below 25, that figure could push past eight months of supply by October, deepening the buyer's market further.
"Fewer buyers are closing, more homes are sitting — Springville's demand gap widened through August."
Common questions about Springville this month
Is Springville a buyer's or seller's market in August 2026? ▾
It's a buyer's market. With 138 active listings and only 20 closings in August, there's roughly seven months of supply at the current pace. The sale-to-list ratio has slipped to 98.41%, and 11 of the 20 homes that closed sold below asking price — buyers have more leverage than they've had all year.
Why are so few homes closing in Springville this summer? ▾
Two forces are working together: rates have climbed from a 6.14% average in February to 6.875% today, adding $192 a month to the payment on a median-priced home compared to winter. At the same time, active inventory has grown from 84 homes in April to 138 in August, giving buyers more options and less urgency to move quickly.
Are home prices dropping in Springville? ▾
The median sale price in August was $498,000, up from $472,000 in August 2025 — so closed prices are still above last year. The more telling signal is the gap between what sellers are asking ($549,450 median list) and what buyers are paying ($498,000 median sale). That $51,000 spread means the active shelf is priced above the market, and sellers who don't adjust are sitting.
How long does it take to sell a home in Springville right now? ▾
The median was 45 days in August, compared to 24 days in August 2025 and just 12 days at April's spring peak. A quarter of homes took longer than 48 days to close. Homes in the $400K–$700K range — where most of the volume is — sat a median of 48 days before closing.
Should I wait for rates to drop before buying in Springville? ▾
Rates have moved from 6.14% in February to 6.875% today, and there's no clear near-term signal of a reversal. What has changed is that buyers now have 138 homes to choose from versus 72 a year ago, and sellers are negotiating. Waiting for rates to fall while inventory stays elevated means competing against more buyers if and when rates do move — the current window of seller flexibility may not last into winter.
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
August 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
20 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 45 · 25th percentile 5 · 75th percentile 48
Needed a price change
Sold listings that had a recorded price change before close
11 of 20 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. Springville Towns 2 sold · $402K · 47d
- 2. Boulder Springs 1 sold · $903K · 5d
- 3. The Grasslands 1 sold · $722K
- 4. Plat A Hall Heights 1 sold · $680K · 105d
- 5. Westfield Central 1 sold · $640K
August 2026 by property type
How each housing type performed last month — 17 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 20 | 33 | -39.39% | 199 | 222 | -10.36% |
| Median Sale Price | $498,000 | $472,000 | +5.51% | $466,267 | $491,377 | -5.11% |
| Median DOM | 45 | 24 | +87.50% | 35 | 33 | +6.06% |
| Sale-to-List Ratio | 98.41% | 99.41% | -1.01% | 99.09% | 99.05% | +0.04% |
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.