Market analytics · June 2026 archive
Draper, 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
Draper closings hit 2 days on market — but inventory is quietly reshaping the summer balance.
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The headline number in Draper's June 2026 market is the median days on market: just 2, down from 8 in both April and May, and a fraction of the 15-day median recorded in June 2025. That speed tells one story — buyers who did commit moved decisively. But the full picture is more nuanced: only 30 homes closed in June, compared to 47 in June 2025, even as active inventory climbed to 201 listings, up from 130 a year ago. The gap between how fast individual deals close and how many deals actually happen is the defining tension in Draper right now.
Market pulse
Median days on market in Draper traced a dramatic arc over the past six months: 71 days in January 2026, compressing to 25 in February, 30 in March, then dropping sharply to 8 in April, holding at 8 in May, and now reaching just 2 in June. That compression is real, but it reflects the character of the deals that closed — not the full inventory picture. Active listings grew from 97 in January to 107 in March, then accelerated through spring: 142 in April, 155 in May, and 201 in June. New listings added 78 homes in June alone, up from 71 in May and well above the 45 that came to market in June 2025. The sale-to-list ratio slipped to 97.8% in June, down from May's 99.75% — a signal that sellers are giving a bit more ground even as the homes that do sell are moving almost immediately.
Mortgage context
The 30-year fixed rate held steady at 6.625% through the past 30 days, offering Draper buyers a brief pause after a climb that began in February. Since February's monthly average of 6.19% — the low point of the past seven months — rates have risen 0.43 percentage points to today's 6.625%, a move that has added meaningfully to monthly costs on Draper's upper-tier inventory. Jumbo financing, which applies to a significant share of Draper closings above $1 million, is currently priced at 7.125%, a meaningful premium over the conforming rate that continues to slow decision-making in the luxury segment along the Suncrest bench and Bellevue corridor.
Payment math
At $807,000 — Draper's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $4,135 at today's 6.625% rate; that's the same as 30 days ago since rates haven't moved, but it's $184 more per month than the $3,951 payment available in February when the 30-year averaged 6.19%.
If you're buying
With 201 active listings and only 30 closings in June, Draper is carrying more unsold inventory than it has all year — buyers have genuine room to negotiate, particularly on homes that have been sitting. Target listings past 21 days on market in the $400K–$700K band, where the June median sale came in at $542,000 and the sale-to-list ratio has more room to flex; the South Mountain community in particular has seen multiple closings in that range with days on market in the low-to-mid 20s. Nine of June's 30 closings involved a prior price reduction, so sellers are already adjusting — use that as a starting point for your offer rather than the original list price.
If you're selling
Price to where the market is, not where it was in March when the sale-to-list ratio was 98.65% and multiple offers were common — June's 97.8% ratio means buyers are successfully negotiating roughly 2% off list, and homes priced above recent comparable sales in Suncrest or the Bellevue corridor are sitting while faster-priced homes close in days. With 201 active listings competing for 30 buyers, condition and presentation matter more than they did in the spring sprint; sellers who can't differentiate on upgrades should price 1–2% below the most recent comparable sale in their neighborhood rather than testing the ceiling. The warm summer weather brings motivated, pre-approved buyers through the door — but they have options, and they know it.
Outlook
Over the next 60–90 days, Draper's market will be shaped by whether new listings continue at June's pace or begin to taper as sellers who tested the market pull back. If active inventory stays above 180 homes while closings remain in the 30–40 range, buyers will hold the negotiating edge they gained in June, and the sale-to-list ratio could drift further toward the mid-97% range. Rates holding flat at 6.625% removes one headwind, but the jumbo rate at 7.125% continues to slow the upper end — Suncrest and Bellevue properties above $1.2 million may need more time to find qualified buyers willing to carry that financing cost.
Watch for
At the current pace of new listings running near 75–80 per month against roughly 30 closings, active inventory could cross 250 homes by late August — a level that would likely push the sale-to-list ratio below 97% and extend average days on market for non-luxury inventory back toward the 20-day range.
"Fastest closes of the year, most listings in over a year — Draper's June split the difference between speed and supply."
Common questions about Draper this month
Is Draper a buyer's or seller's market in June 2026? ▾
It's shifting toward buyers. Active inventory hit 201 homes in June while only 30 closed — at that pace it would take about 6.7 months to sell everything currently listed. The sale-to-list ratio dropped to 97.8%, meaning buyers are successfully negotiating roughly 2% off asking price on average. That's a meaningful change from the spring, when multiple offers were common and the ratio was closer to 99%.
Why did so few homes close in Draper in June if days on market were so low? ▾
The 2-day median days on market reflects the homes that did sell — those moved almost immediately, suggesting motivated, well-priced listings found buyers fast. But with 201 active listings and only 30 closings, the majority of inventory simply didn't sell. The market is split between a small pool of competitively priced homes that close quickly and a larger pool of listings that are waiting for buyers to catch up.
How does the current mortgage rate affect buying a home in Draper? ▾
At today's 6.625% rate on a $807,000 median-priced home with 20% down, the monthly principal-and-interest payment runs $4,135. That's $184 more per month than buyers faced in February when rates averaged 6.19%. For Draper's significant share of closings above $1 million, jumbo financing is currently priced at 7.125%, adding further cost — a $1.2 million home with 20% down at that rate carries a principal-and-interest payment of roughly $6,450 per month.
Which Draper neighborhoods are seeing the most activity in June 2026? ▾
South Mountain led all subdivisions with 4 closings in June, though at a median sale price of $435,000 those were among the more affordable transactions in the city. Bellevue and Meadows each recorded 2 closings at significantly higher price points — $1,449,081 and $1,302,500 respectively — reflecting continued demand at the upper end from buyers who can navigate the current rate environment. The Cove at Bear Canyon posted a $2,200,000 closing, a reminder that Draper's luxury segment remains active even if volume is thin.
Are Draper home prices falling in 2026? ▾
The June median sale price of $807,313 is down from $895,000 in June 2025, but Draper's median fluctuates significantly month to month based on which price bands close — with only 30 transactions, a shift in the mix of luxury versus entry-level closings can move the median by $50,000–$100,000 without reflecting a true price decline. The sale-to-list ratio of 97.8% suggests modest negotiating room rather than broad price cuts, and 9 of 30 closings involved a prior price reduction, which is worth watching as inventory continues to build.
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
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
31 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 3 · 25th percentile 0 · 75th percentile 14
Needed a price change
Sold listings that had a recorded price change before close
9 of 31 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. South Mountain 4 sold · $435K · 22d
- 2. Bellevue 2 sold · $1,449K · 20d
- 3. Meadows 2 sold · $1,303K · 10d
- 4. The Cove At Bear Can 1 sold · $2,200K · 27d
- 5. Oak Vista 1 sold · $1,550K · 9d
June 2026 by property type
How each housing type performed last month — 31 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 31 | 47 | -34.04% | 222 | 215 | +3.26% |
| Median Sale Price | $799,625 | $895,000 | -10.66% | $838,702 | $870,656 | -3.67% |
| Median DOM | 3 | 15 | -80.00% | 23 | 21 | +9.52% |
| Sale-to-List Ratio | 97.77% | 98.63% | -0.87% | 98.56% | 98.48% | +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.