Market analytics
Herriman, 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
Herriman buyers close in days, not weeks, as June volume hits a one-year high
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The defining story of Herriman's June 2026 market is raw closing speed: the median days on market fell to zero, meaning more than half of the homes that closed had already gone under contract before the month even began — or were recorded as same-day transactions — compared to a median of 24 days in May and 41 days in April. That acceleration coincided with the strongest closing volume in a year, with 92 sales recorded against just 71 in June 2025, a 30% increase year over year. Active inventory reached 507 homes, up from 288 a year ago, yet buyers absorbed that supply at a pace that kept the sale-to-list ratio at 98.88%.
Market pulse
Closing speed in Herriman has swung dramatically over the past six months: the median days on market ran at 59 days in January and 72 days in February before dropping to 40 in March, holding near 41 in April, falling to 24 in May, and then reaching zero in June — meaning the typical closed home in June was already under contract when the month opened. Volume followed a similar upward arc, moving from 52 closings in January to 75 in March, 83 in April, 82 in May, and 92 in June. The sale-to-list ratio pulled back slightly from April's peak of 99.73% to 98.88% in June, suggesting that while homes are moving fast, sellers are no longer routinely collecting above asking price — 46 of 92 June closings settled below list. Active inventory continued its steady climb, reaching 507 homes in June from 466 in May and 419 in April, giving buyers more options than at any point in the past year.
Mortgage context
The 30-year fixed rate sits at 6.625% and has been flat over the past 30 days, giving buyers a rare moment of payment stability after a volatile stretch. Since February's monthly average of 6.19% — the low point of the past seven months — rates have climbed 0.43 percentage points to today's 6.625%, a move that meaningfully raised the cost of entry for Herriman buyers financing at the conforming limit. The 15-year rate at 5.99% and FHA at 6.25% are drawing attention from buyers who qualify, particularly in the Capitol Reef and Mt. Rainier communities where price points sit closer to FHA loan limits.
Payment math
At $584,000 — Herriman's June median — a buyer putting 20% down finances $467,200, and at today's 6.625% rate the monthly principal-and-interest payment works out to $2,992; that's the same as 30 days ago when the rate was also 6.625%, but $133 more per month than the February low when rates averaged 6.19% and that same loan would have carried a $2,859 payment.
If you're buying
With 46 of 92 June closings settling below list price and 32 sellers having already cut their asking price before closing, there is real negotiating room in Herriman right now — particularly on homes that have been sitting. Target listings in the Rosecrest and Mountain Ridge corridors that have been on market more than 30 days; the sale-to-list ratio on that tier of inventory is running closer to 97–98% rather than the headline 98.88%. Buyers eyeing the under-$400,000 band — where 18 homes closed in June at a median of $348,504, many in Capitol Reef — should move with pre-approval in hand, as that segment is drawing the most competition relative to its size.
If you're selling
June's zero median days on market reflects homes that were already under contract, not a guarantee that new listings will fly off the shelf — active inventory at 507 homes means buyers have genuine alternatives. Sellers in Teton Ranch and the upper price bands should price within 1–2% of what similar homes actually closed for in May and June, not what was asked; the gap between list and sale is widening, and overpriced homes are contributing to the 32 price-cut closings recorded this month. Warm summer weather and strong foot traffic make June and July the right window to list, but condition and pricing discipline matter more than timing alone.
Outlook
Herriman enters July with 507 active listings, the most in over a year, and a rate environment that has stabilized at 6.625% — conditions that should sustain reasonable buyer activity through August without the frenzy of April's near-100% sale-to-list readings. If new listings continue arriving at the 150-per-month pace seen in May and June, the supply cushion will keep growing and sellers will need to sharpen pencils heading into fall. Buyers who have been waiting on the sidelines for rate relief may find the flat-rate environment more predictable than the volatile February-to-June climb, making the next 60 days a reasonable window to act without timing the market.
Watch for
At the current pace of new listings — 151 in June, 156 in May — active inventory could cross 600 homes by September if closing volume softens even modestly, which would likely push the sale-to-list ratio toward the low 97% range and give buyers in the $400,000–$700,000 band meaningfully more negotiating leverage than they have today.
"Same-day closings, 92 deals done — Herriman's June 2026 ran faster than any month in the past year."
Common questions about Herriman this month
Is Herriman a buyer's or seller's market in June 2026? ▾
It's a split picture. Homes are closing fast — the median days on market was zero in June, meaning most closed homes were already under contract — but 507 active listings give buyers far more options than a year ago when only 288 homes were available. With 46 of 92 closings settling below list price, buyers have real negotiating leverage, especially on homes that have been sitting more than 30 days.
Why did so many Herriman homes close with zero days on market in June? ▾
The zero median reflects how days on market is measured: homes that went under contract in May and closed in June show the days they sat active before going pending, not the days in June. When a large share of closings were already under contract before June 1, the median can compress to zero. It signals strong demand from the prior month carrying through, not that homes are literally selling the day they list.
What price range is moving fastest in Herriman right now? ▾
The $400,000–$700,000 band led June with 53 closings at a median of $577,875, and the under-$400,000 segment — concentrated in communities like Capitol Reef and Mt. Rainier — saw 18 closings at a median of $348,504, up sharply from just 3 closings in June 2025. The over-$700,000 tier, including Teton Ranch homes near $898,000, moved 21 units but at a slower pace relative to its inventory.
How are rising mortgage rates affecting Herriman home buyers? ▾
The 30-year fixed rate is at 6.625%, flat over the past 30 days but up 0.43 percentage points from February's 6.19% average. On a median-priced $584,000 home with 20% down, that rate increase translates to $133 more per month in principal and interest compared to February. FHA financing at 6.25% is drawing interest from buyers in lower price bands, particularly in Capitol Reef where many homes fall within FHA loan limits.
How does Herriman's June 2026 market compare to a year ago? ▾
Closings rose from 71 in June 2025 to 92 in June 2026, a 30% increase. Active inventory grew from 288 to 507 homes, giving buyers 76% more listings to consider. The sale-to-list ratio was nearly identical — 98.95% last June versus 98.88% this June — but the mix shifted: 18 homes closed under $400,000 this June compared to just 3 a year ago, reflecting more entry-level inventory from communities like Capitol Reef coming to market.
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
99 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 0 · 25th percentile 0 · 75th percentile 17
Needed a price change
Sold listings that had a recorded price change before close
38 of 99 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. Mt. Rainier 21 sold · $445K · 0d
- 2. Capitol Reef 17 sold · $369K · 0d
- 3. Teton Ranch 6 sold · $898K · 0d
- 4. Mountain Ridge 4 sold · $486K · 11d
- 5. Rosecrest 3 sold · $675K · 23d
June 2026 by property type
How each housing type performed last month — 99 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 99 | 71 | +39.44% | 463 | 419 | +10.50% |
| Median Sale Price | $577,875 | $589,000 | -1.89% | $599,238 | $612,181 | -2.11% |
| Median DOM | — | 31 | — | 36 | 37 | -2.70% |
| Sale-to-List Ratio | 98.87% | 98.95% | -0.08% | 98.79% | 99.35% | -0.56% |
Past months
Browse historical Herriman 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.