Market analytics · September 2026 archive
Syracuse, 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
September 2026 · Market Analysis
Syracuse listings hit 129 while September closings drop to 14
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Syracuse buyers had 129 homes to choose from in September, though only 14 sold. Closings were light, well under the prior 12-month average of 31, so the median home price of $520,000 can swing on a handful of sales. Homes that did close took a median 41 days, much quicker than August's 75, but the housing market still leans toward buyers: at September's pace it would take about 9 months to sell every listed home. Sellers who closed got 99.8% of list.
Market pulse
Active listings grew from 75 in April to 129 in September, and the biggest jump came last month, up from 96 in August. New listings were flat at 50, so the added supply is homes that aren't selling quickly enough. Closings fell from 20 in August to 14. The median list price of $624,900 sits well above the $520,000 median sale price, so asking prices are a poor guide to what is closing. Only 3 of 14 sales went above list, and 6 took a price cut first.
Mortgage context
Eleven of September's 14 closings landed between $400,000 and $700,000, so that is the band where the payment matters most. At 7.5%, up from 7.125% thirty days ago, buyers in the mid-$500,000s are weighing every extra $100 a month. Only three homes sold above $700,000, and those took the longest to find buyers.
Payment math
Buying at the $520,000 median home price with 20% down means $2,909 a month in principal and interest at 7.5%, which is $106 more than the $2,803 payment at 7.125% thirty days ago and $301 above April's low, when rates averaged 6.42% and the payment would have been $2,608.
If you're buying
Homes in the $700,000-plus range are where the leverage is. The three that sold there took a median 73 days. Parkwood Estates 4 closed at $755,000 after 82 days. Ask for seller-paid rate help on listings that have sat past 60 days, and compare with the $519,000 Shoreline sale before you bid.
If you're selling
With 129 homes competing, yours has to be priced from what closed, not from the $624,900 median ask. Homes in the $400,000 to $700,000 band sold in a median 26 days, so a sharp price at launch matters more than waiting for a better offer. Sellers in Still Water, where one home closed at $500,000 and another in Still Water Lake Estates at $520,000, should expect buyers to hold to those numbers when judging what your home is worth.
Outlook
Fall usually firms a northern Utah market briefly before winter. With 129 listings and few closings, expect supply to stay high through the end of the year. A rate near 7.5% keeps buyers cautious, so price cuts will probably be common into December.
Watch for
If closings stay near 14 a month while new listings hold near 50, months of supply would pass 9 and sale-to-list could slip toward 98% by winter.
"Syracuse had plenty to look at in September and very few buyers closing"
Common questions about Syracuse this month
What is the median home price in Syracuse? ▾
The median sale price in Syracuse in September 2026 was $520,000, from only 14 closings, so it can swing month to month. The average sale price was $555,921. It runs higher because three sales above $700,000 had a median of $729,900. The median list price was $624,900.
Is the Syracuse housing market slowing down? ▾
Sales volume is slowing. September had 14 closings, down from 20 in August, while active listings rose to 129. Homes that sold went at 99.8% of list in a median 41 days. At this pace it would take about 9 months to sell all current listings, which favors buyers.
How much is my Syracuse home worth? ▾
Syracuse homes sold for a median $520,000 in September at about 99.8% of list price, in a median 41 days. Your own home's value depends on similar recent sales near you. Asking prices are higher than what is closing, so use sold prices.
How long do homes take to sell in Syracuse? ▾
The median was 41 days in September 2026, down from 75 in August. Homes from $400,000 to $700,000 took a median 26 days. Homes over $700,000 took 73 days.
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
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
14 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 41 · 25th percentile 24 · 75th percentile 66
Needed a price change
Sold listings that had a recorded price change before close
6 of 14 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 neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Parkwood Estates 4 1 sold · 82d
- 2. Silver Lake Estates 1 sold · 64d
- 3. Miller Springs 1 sold
- 4. Kings Row 1 sold · 41d
- 5. Trailside Park 1 sold
- 6. Still Water Lake Estates 1 sold · 22d
- 7. Shoreline 1 sold · 67d
- 8. Still Water 1 sold
September 2026 by property type
How each housing type performed last month — 24 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 14 | 31 | -54.84% | 256 | 292 | -12.33% |
| Median Sale Price | $520,000 | $581,861 | -10.63% | $568,457 | $573,339 | -0.85% |
| Median DOM | 41 | 27 | +51.85% | 35 | 24 | +45.83% |
| Sale-to-List Ratio | 99.78% | 99.61% | +0.17% | 99.45% | 99.53% | -0.08% |
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.