Market analytics
Tooele, 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
June 2026 · Market Analysis
Tooele closings cool in June as Salt Lake County commuters pull back at 6.875%
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Closed sales in Tooele dropped to 53 in June, down 25% from May's 71 and below the 70 sold in June 2025. That's the steepest month-over-month pullback of the past six months, and it comes as the 30-year mortgage rate pushed to 6.875% — pricing has softened right alongside it, with the median sale price falling to $400,000 from $420,000 in May.
Market pulse
Closed sales have swung from 44 in January to 65, 66, 59, 71, then back down to 53 in June — a choppier pattern than a clean seasonal build. Median days on market kept falling even as volume dropped, hitting 29 days in June versus 34 in May and 54 back in January, and the fastest 25% of sales are now closing in 4 days. Sale-to-list ratio slipped to 98.82%, and 20 of June's 53 sales involved a price change — the most of any month this year — while active inventory held near 186, in the same range it's occupied since December.
Mortgage context
The 30-year rate has climbed steadily from 6.19% in February to 6.66% in June and now sits at 6.875%, up 0.25 percentage points in the past 30 days alone. That climb is landing squarely on the Salt Lake County commuter buyers who've powered Tooele's recent volume, and it's a plausible driver behind June's drop in closings.
Payment math
A $400,000 median-priced Tooele home with 20% down now costs $2,102 a month in principal and interest at 6.875%, up $53 from $2,049 just 30 days ago at 6.625%, and $144 above the $1,958 payment buyers locked in back in February when rates averaged 6.19%.
If you're buying
Closings past the median 29 days are where leverage sits — 24 of the 53 June sales went below list, so an offer near 97-98% of asking on anything sitting a few weeks is a reasonable opening move. Focus on the under-$400K band (26 sales, $341,200 median) or Western Acres, where the median sale actually fell to $350,000 even as days on market shrank to 2 — sellers there are pricing to move, not testing the market.
If you're selling
List close to recent sales, not last month's numbers — median list price ran to $435,000 in June while the median sale landed at $400,000, a gap of nearly $35,000 that's turning into concessions once buyers negotiate. With 20 of June's 53 closings involving a price change, plan your initial number carefully: overpricing now just adds a markdown cycle before it sells.
Outlook
Expect closed volume to stay closer to June's 53 than May's 71 if the 30-year holds near 6.875-7% through August, since Salt Lake County and South Jordan overflow buyers are the marginal demand driving Tooele Valley sales. Inventory near 186 active listings gives buyers room to negotiate, and with 20 of last month's sales carrying a price adjustment, sellers listing at the summer's higher asking prices should expect to follow with a cut rather than hold firm.
Watch for
If the 30-year holds above 6.75% into August, expect closed sales to stay in the low 50s rather than rebound toward May's 71, further widening the gap between list and sale prices.
"Tooele's commuter buyers hit pause as rates near 7%."
Common questions about Tooele this month
Is Tooele a buyer's or seller's market in June 2026? ▾
It's tilting toward buyers. Sale-to-list ratio sat at 98.82% in June, and 24 of the 53 closings sold below list price versus just 14 above — the widest below-list gap of the past six months. Sellers are having to negotiate more than they did in February or March, when above- and at-list sales were closer to even.
Why did Tooele home sales slow down in June 2026? ▾
Closed sales dropped to 53 in June from 71 in May, a 25% pullback, even though this is typically peak selling season with warm 75-95°F weather. The 30-year mortgage rate climbing to 6.875% — up from 6.19% in February — appears to be cooling the Salt Lake County commuter demand that drove May's volume.
What's happening with home prices in Tooele right now? ▾
The median sale price fell to $400,000 in June, down from $420,000 in May and the lowest reading of the past six months. Under-$400K homes held closer to steady at $341,200, while the 400-700K band actually saw its median rise to $441,000 on fewer sales (27, down from 42 in May).
How much has the mortgage rate increase affected Tooele buyers? ▾
Financing the $400,000 median home with 20% down now runs $2,102 a month at 6.875%, up $53 from thirty days ago when the rate was 6.625%. That's $144 more than buyers paid in February, when rates averaged 6.19% and the same loan penciled out to $1,958 a month.
Are price cuts common in Tooele right now? ▾
Yes — 20 of the 53 homes that closed in June had a price change before selling, the highest share we've tracked. That's a signal sellers are increasingly listing above where the market will actually clear, then adjusting down to get a deal done.
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
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
53 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 29 · 25th percentile 4 · 75th percentile 76
Needed a price change
Sold listings that had a recorded price change before close
20 of 53 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. Western Acres 7 sold · $350K · 2d
- 2. Vista Meadows 2 sold · $485K
- 3. Copper Canyon 2 sold · $473K · 56d
- 4. Overlake Estates 2 sold · $387K · 33d
- 5. Canyon Rim Estates 1 sold · $573K · 76d
June 2026 by property type
How each housing type performed last month — 50 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 53 | 70 | -24.29% | 358 | 383 | -6.53% |
| Median Sale Price | $400,000 | $444,995 | -10.11% | $415,994 | $415,768 | +0.05% |
| Median DOM | 29 | 30 | -3.33% | 41 | 35 | +17.14% |
| Sale-to-List Ratio | 98.82% | 99.57% | -0.75% | 99.04% | 99.68% | -0.64% |
Past months
Browse historical Tooele 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.