Market analytics
Lehi, 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
Lehi's June closings hit a 2-day median while inventory builds along the Silicon Slopes corridor.
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The homes that sold in Lehi in June 2026 sold fast — a median of just 2 days on market, down from 10 in May and 21 in April, and a fraction of the 27-day median recorded in June 2025. Half of June's 83 closings went under contract the same day they listed or within 48 hours, a pace that reflects how decisively buyers along the SR-92 and I-15 corridor act when the right home appears. At the same time, active inventory reached 483 homes — up from 397 in May and 25% above June 2025's 385 — meaning the homes that didn't sell quickly are sitting, and the gap between those two outcomes is widening.
Market pulse
The days-on-market arc over the past six months tells a striking story: 56 days in January, 39 in February, 23 in March, 21 in April, 10 in May, and now 2 in June — a compression that accelerated through the spring selling season. Yet the sale-to-list ratio eased slightly to 99.11% in June from 99.50% in May and 99.62% in April, a sign that sellers pricing above what the market will bear are not getting rescued by speed. Active inventory climbed from 343 in March to 389 in April, 397 in May, and 483 in June, with 176 new listings added during the month. Closings, meanwhile, fell to 83 in June from 133 in May — a drop that partly reflects the lag between contract and close, but also suggests that the fastest-moving homes are a subset of a larger, slower-moving pool.
Mortgage context
The 30-year fixed rate in Lehi's market now sits at 6.75%, up 0.125 percentage points over the past 30 days from 6.625%. That's a meaningful climb from February's monthly average of 6.19% — a 0.56-percentage-point increase that has added real dollars to every purchase. For buyers financing at today's rate, the monthly principal-and-interest payment on a median-priced home runs $168 more than it would have in February, which is compressing the pool of buyers who can comfortably stretch into the $600K–$700K range without a rate concession or seller contribution.
Payment math
At $570,000 — Lehi's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $2,958 at today's 6.75% rate, which is $38 more than the same loan cost 30 days ago at 6.625%, and $168 above the February low when rates averaged 6.19% and that payment would have been $2,790.
If you're buying
Target homes that have been sitting 30 or more days — River Point and Holbrook Farms both had listings close in June with median days on market of 52 and 55 respectively, and the sale-to-list ratio on that slower inventory tends to leave room for negotiation. With 483 active listings and only 83 closings in June, buyers have real leverage on anything that didn't go under contract in the first week; ask for rate buydowns or closing cost contributions on homes past the 30-day mark rather than chasing the new listings that are already drawing same-day offers.
If you're selling
Price to the current market, not to May's median — June's $570,000 median is below May's $589,900, and homes that opened at last spring's numbers are the ones sitting in the growing 483-home active pool. If your home is in Inverness or Spring Ranch, where June closings happened in 0–4 days, a tight list price near recent comparable sales will still generate quick offers; if you're in River Point or a resale corridor competing against new D.R. Horton standing inventory, consider pricing 1–2% below the most recent comparable sale and offering a rate buydown to stand out.
Outlook
With 483 active listings and a closing pace of 83 homes in June, it would take roughly 5.8 months to sell through current inventory at that rate — a meaningful shift from the 2.98-month pace in May. If new listings continue arriving at 150–180 per month through July and August while closings remain below 100, Lehi will move further into buyer-favorable territory, particularly in the $400K–$700K band where 46 of June's 83 closings landed. Rate trajectory is the key variable: the 30-year has climbed from 6.19% in February to 6.75% today, and any further move toward 7% would likely push more buyers toward Eagle Mountain and Saratoga Springs, where price points are lower and new-construction incentives are more common.
Watch for
At the current pace of new listings running above 170 per month, inventory likely crosses 550 active homes by late August — and if closings don't recover above 110 per month, the sale-to-list ratio probably drifts into the 98% range, giving negotiating room to buyers across most price bands.
"Two days to contract, 483 homes available — Lehi's June split tells two stories at once."
Common questions about Lehi this month
Is Lehi a buyer's or seller's market in June 2026? ▾
It depends on which home you're looking at. The 83 homes that closed in June did so in a median of 2 days, which looks like a seller's market — but 483 homes are actively listed, and at June's closing pace it would take about 5.8 months to sell through that supply. Homes priced right and in move-in condition are still drawing fast offers; homes that have sat 30 or more days are increasingly negotiable.
Why did Lehi home prices drop from May to June 2026? ▾
June's median sale price of $570,000 is below May's $589,900, but the mix of what sold matters here. June had fewer closings overall (83 vs. 133 in May) and a smaller share of over-$700K homes — 29 in June versus 50 in May. When the higher-priced segment closes fewer deals, the overall median pulls down even if individual homes aren't losing value.
Why are homes selling so fast in Lehi if inventory is rising? ▾
The two trends aren't contradictory — they reflect a split market. Well-priced homes near the Inverness and Spring Ranch communities, where new construction sets a clear price anchor, are going under contract almost immediately. The inventory build is concentrated in homes that are overpriced relative to recent comparable sales or competing directly with builder standing inventory along the SR-92 corridor, and those are sitting.
How much does the current mortgage rate affect my monthly payment on a Lehi home? ▾
At June's $570,000 median with 20% down, the monthly principal-and-interest payment runs $2,958 at today's 6.75% rate. That's $168 more per month than the same loan would have cost in February when rates averaged 6.19% — a difference that adds up to about $2,016 per year and meaningfully affects how much home a given income can support.
Should I wait for rates to drop before buying in Lehi? ▾
Rates have climbed from 6.19% in February to 6.75% today, and the 30-day trend is still moving up. Waiting for a rate drop is a reasonable strategy if you have flexibility, but inventory is also building — which means buyers who do act now have more choices and more negotiating room than they did in March or April. If you find a home past 30 days on market, asking for a seller-paid rate buydown can offset some of the rate cost without waiting for the broader market to shift.
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
89 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 2 · 25th percentile 0 · 75th percentile 28
Needed a price change
Sold listings that had a recorded price change before close
39 of 89 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. Inverness 11 sold · $550K · 0d
- 2. Inverness By D.r. Horton 9 sold · $445K · 4d
- 3. River Point 7 sold · $692K · 0d
- 4. Spring Ranch 4 sold · $390K · 0d
- 5. Pioneer Meadows 3 sold · $665K · 0d
June 2026 by property type
How each housing type performed last month — 89 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 89 | 124 | -28.23% | 675 | 644 | +4.81% |
| Median Sale Price | $585,000 | $622,500 | -6.02% | $567,505 | $545,564 | +4.02% |
| Median DOM | 2 | 27 | -92.59% | 24 | 34 | -29.41% |
| Sale-to-List Ratio | 99.08% | 98.87% | +0.21% | 99.22% | 98.89% | +0.33% |
Past months
Browse historical Lehi 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.