Market analytics
Magna, 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
April 2026 · Market Analysis
Magna closings speed up in April even as rising rates squeeze affordability
Homes in Magna moved noticeably faster in April 2026 than they did through the winter — median days on market dropped to 26 days, down from 34 in March and a sharp recovery from the 72-day median recorded in February. That acceleration came alongside 39 closings and 65 new listings, matching April 2025's new-listing count exactly while closings ran 11% below last April's 44. The median sale price of $421,000 sits roughly $42,000 below April 2025's $463,215, a gap that reflects both a softer pricing environment and a shift in the mix of homes that closed this month.
Market pulse
Median days on market in Magna traced a wide arc over the past six months: 33 days in November 2025, 34 in December, then a winter slowdown that pushed the median to 56 days in January 2026 and 72 days in February before spring pulled it back to 34 in March and 26 in April. Active inventory climbed from 79 homes in December to 123 in April as 65 new listings entered the market — the most in a single month since last May. The sale-to-list ratio eased to 98.72% in April from 99.74% in March, meaning sellers are giving back a bit more ground at the negotiating table; in February that ratio was 97.84%, so the current reading sits between those two poles. Of April's 39 closings, 11 sold above list, 14 at list, and 14 below — a more balanced split than March, when above-list closings led the count at 14.
Mortgage context
The 30-year fixed rate has climbed 0.43 percentage points from February's monthly average of 6.19% to today's 6.625%, reversing what had been a brief affordability window earlier this year. That rate trajectory is a real headwind for Magna buyers, where the median price sits just above $420,000 and many households are stretching to qualify. The current 6.625% rate adds meaningful monthly cost compared to where borrowing stood just three months ago, and the FHA rate at 6.00% is drawing attention from first-time buyers who make up a meaningful share of Magna's demand.
Payment math
On a median-priced home today, P&I lands at $2,157/mo at 6.625% — $83/mo more than 30 days ago at 6.25%, and $96/mo above the February low when rates averaged 6.19% and P&I would have been $2,061.
If you're buying
Target homes that have been sitting 45 days or longer — the 75th-percentile DOM in April reached 124 days, meaning a meaningful tail of listings has been on market well past the typical spring window, and those sellers are more likely to negotiate. In the under-$400K band, 14 homes closed at a median of $350,000 with a median DOM of just 21 days, so move quickly on well-priced entries in neighborhoods like Oquirrh Hills and Cyprus Heights where recent closings came in at $402,500 and $427,500 respectively. If you're using FHA financing, the 6.00% FHA rate offers a roughly 0.625-point advantage over the conventional 30-year right now — worth running the numbers before defaulting to conventional.
If you're selling
With 123 active listings and a sale-to-list ratio that has slipped to 98.72%, pricing to last spring's near-100% ratios will leave your home sitting — list at or just under current comps rather than testing the ceiling. Homes in the Little Valley Gateway corridor saw a median DOM of 132 days among April closings, suggesting that segment has more competition; if your home is in that area, condition and price differentiation matter more than usual. The good news is that the fastest-moving homes in April cleared in under two weeks, so a sharp list price in a desirable pocket like Destination Pointe or the Oquirrh Hills area can still generate quick offers.
Outlook
Magna enters May with 123 active listings and a new-listing pace of 65 in April — if that rate holds, inventory will continue to build through the spring permitting season, which typically runs through October. Buyers should expect modest negotiating room to persist, particularly on homes priced above $450,000 where the $400K–$700K band is carrying most of the volume but also most of the days-on-market weight. Rate direction is the key variable: the 30-year has climbed from 6.19% in February to 6.625% today, and any further move toward 7% would likely push more buyers toward FHA products or toward comparably priced alternatives in nearby West Valley City or Kearns where commute patterns along the I-215 corridor are similar.
Watch for
If the 30-year fixed rate crosses 7%, expect Magna's absorption rate to climb back above 4.0 months and the sale-to-list ratio to drift toward the 97% range, as the under-$400K buyer pool — already the most rate-sensitive segment — pulls back further.
"Magna's spring speed-up: homes moving faster, but the rate climb is eating into buyer budgets"
Common questions about Magna this month
Is Magna a buyer's or seller's market in April 2026? ▾
It's a balanced-to-slightly-buyer-favoring market right now. With 123 active listings, 39 closings, and a 3.15-month absorption rate, supply is adequate but not overwhelming. The sale-to-list ratio of 98.72% means sellers are still getting close to asking price on average, but 14 of 39 closings came in below list — so buyers do have room to negotiate, especially on homes past 45 days on market.
Why are Magna home prices lower than a year ago? ▾
April 2026's median sale price of $421,000 is down from $463,215 in April 2025, a difference of about $42,000. Part of this reflects a shift in the mix of homes that closed — the $400K–$700K band produced 25 closings at a median of $450,000 versus 30 closings at $490,000 a year ago, and there were no over-$700K closings in April 2026 compared to one in April 2025. Softer demand at the upper end of Magna's price range, combined with higher mortgage rates, has pulled the median down.
How long does it take to sell a home in Magna right now? ▾
The median days on market in April 2026 was 26 days, which is meaningfully faster than the 34-day median in March and the 72-day median in February. However, the 75th percentile reached 124 days, meaning roughly a quarter of homes are sitting for four months or more. Well-priced homes in active neighborhoods like Oquirrh Hills and Cyprus Heights are moving in under 30 days, while some Little Valley Gateway listings have taken well over 100 days.
What does the current mortgage rate mean for my monthly payment on a Magna home? ▾
At today's 30-year rate of 6.625%, a buyer purchasing at Magna's April median of $421,000 (with a standard down payment) would see a principal-and-interest payment of approximately $2,157 per month. That's $83 more per month than 30 days ago when rates were at 6.25%, and $96 more than February's low when rates averaged 6.19%. First-time buyers should also price out FHA financing at 6.00%, which can reduce that monthly figure noticeably.
Are there still affordable homes available in Magna? ▾
Yes — 14 homes closed in the under-$400K price band in April 2026 at a median sale price of $350,000, and they moved quickly with a median DOM of just 21 days. That segment is competitive, so buyers targeting entry-level homes in areas like the Oquirrh Hills neighborhood or older subdivisions near the Magna Main Street corridor should be prepared to act within the first two weeks of a listing going live.
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
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
39 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 26 · 25th percentile 11 · 75th percentile 124
Needed a price change
Sold listings that had a recorded price change before close
2 of 39 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. Little Valley Gateway 3 sold · $424K · 132d
- 2. Pleasant Gre 2 sold · $468K · 27d
- 3. Cyprus Heights Sub 2 sold · $428K · 3d
- 4. Terra 2 sold · $405K · 33d
- 5. Oquirrh Hills 2 sold · $403K · 29d
April 2026 by property type
How each housing type performed last month — 36 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 39 | 44 | -11.36% | 128 | 172 | -25.58% |
| Median Sale Price | $421,000 | $463,215 | -9.11% | $427,984 | $451,550 | -5.22% |
| Median DOM | 26 | 18 | +44.44% | 44 | 27 | +62.96% |
| Sale-to-List Ratio | 98.72% | 99.86% | -1.14% | 98.93% | 99.76% | -0.83% |
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.