Market analytics · April 2026 archive
Midway, 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
Midway closings accelerate in April as luxury homes above $700K move faster than the $400K–$700K band.
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The most notable shift in Midway's April 2026 market was speed: median days on market dropped to 29 from 66 in March — a 56% compression — signaling that motivated buyers returned to the Wasatch Back in force as snowmelt gave way to shoulder spring. Thirteen homes closed in April, more than double April 2025's 6 closings, and active inventory reached 92 — up from 53 a year ago. The sale-to-list ratio recovered to 96.96%, its best reading since October 2025's 98.12%, after February's soft 93.17% reading.
Market pulse
Median DOM in Midway swung dramatically over the past six months: from a brisk 25 days in November 2025, it climbed to 99 days in December, settled near 22–66 days through January–March, then compressed sharply to 29 days in April 2026. The over-$700K segment led that acceleration — those 9 closings carried a median DOM of just 18 days and a median sale price of $1,375,000, while the $400K–$700K band's 4 closings averaged 44 days. Active inventory has been building steadily: 52 homes in December, 62 in January, 68 in February, 80 in March, and 92 in April, with 30 new listings entering in April alone — the most in any single month over the past six months. The sale-to-list ratio's recovery to 96.96% from February's 93.17% low suggests sellers who priced realistically in April found willing buyers, though 11 of 13 closings still settled below list price.
Mortgage context
The 30-year conventional rate sits at 6.625% today, up 0.375 pp over the past 30 days from 6.25% — a meaningful move for a market where most transactions are well above $1 million and jumbo financing (currently at 7.375%) is often in play. Rates climbed 0.43 pp from February's monthly average of 6.19% — the softest point in the past six months — to today's 6.625% spot, adding measurable carrying cost for buyers who were underwriting deals in late winter. The multi-month rate trajectory (6.19% in February, 6.48% in March, 6.42% in April, now 6.625%) suggests the brief affordability window of early 2026 has closed.
Payment math
On a median-priced home today, P&I lands at $5,717/mo at 6.625% — $220/mo more than 30 days ago at 6.25%, and $255/mo above the February low when rates averaged 6.19% and P&I would have been $5,462.
If you're buying
Target homes in Midway that have been sitting 45 days or longer — the $400K–$700K band is averaging 44 days on market and 11 of 13 April closings came in below list, so there is room to negotiate, particularly in communities like Scotch Fields and Dutch Fields PUD where longer-tenured listings have accumulated. Buyers financing above the conforming limit should get jumbo pre-approvals locked in now: at 7.375%, a $1.2M loan carries roughly $8,300/mo in P&I, and any further rate drift will compress your qualifying ceiling. If you can target the over-$700K segment with a clean offer, that segment is moving at a median 18 days — hesitation is costing buyers deals.
If you're selling
Sellers in Midway's luxury tier — particularly Remund Farms, Sunflower Farms, and Whitaker Farm-area properties — have the wind at their backs right now: the over-$700K segment closed at a median 18 days in April with a median sale of $1,375,000. Price within 3–4% of your most recent comparable sale and you are likely to see an offer inside three weeks. Sellers in the $400K–$700K band face more patience from buyers — that segment is sitting 44 days on average and closing below list; if your home has been on market more than 30 days without an offer, a 2–3% price adjustment is more effective than waiting for a rate drop that may not come before summer.
Outlook
Over the next 60–90 days, Midway's spring selling season should sustain or modestly grow the 13-closing pace as second-home and primary-residence buyers from the Wasatch Front — many priced out of Park City's higher price points — continue to look at the Heber Valley corridor. Inventory at 92 active listings gives buyers more selection than at any point in the past year, but if new listings keep entering at 24–30 per month while closings hold near 13, months-of-supply will drift higher and seller leverage will erode further. The rate environment is the key wildcard: at 6.625% conventional and 7.375% jumbo, affordability is tighter than it was in February, and any additional rate increase will slow the luxury segment that has been carrying April's momentum.
Watch for
If the 30-year jumbo rate crosses 7.75%, expect Midway's over-$700K median DOM to revert toward the 60-day range and months-of-supply to push past 9, as the pool of buyers who can qualify at those payment levels narrows sharply in a market where the median sale already sits above $1.1 million.
"Midway's spring thaw: deals closing faster, inventory building, and luxury leading the pace."
Common questions about Midway this month
Is Midway a buyer's or seller's market in April 2026? ▾
It's a split market by price band. The over-$700K segment behaved like a seller's market in April — 9 closings at a median 18 days on market and a 96.96% sale-to-list ratio. The $400K–$700K band leaned more toward buyers, with homes averaging 44 days and all 4 closings settling below list price. With 92 active listings and 7.08 months of supply overall, buyers have more negotiating room than they did a year ago when only 53 homes were active.
Why did homes sell so much faster in April than in March? ▾
March's 66-day median DOM was weighed down by several long-tenured listings in communities like Turnberry Woods (177 days) and The Links at Homestead (123 days) that finally closed. April's mix skewed toward fresher, better-priced inventory — particularly in the over-$700K segment where properties like Remund Farms and Sunflower Farms closed in 18 days or fewer. The seasonal shift out of mud season also brings more active buyers to the Wasatch Back each April.
How does the current mortgage rate affect buying a home in Midway? ▾
At today's 6.625% conventional rate, P&I on a median-priced Midway home runs $5,717/mo — $255/mo more than it would have been at February's 6.19% average. Most Midway transactions above $1 million require jumbo financing, currently at 7.375%, which adds further cost. Buyers who were underwriting deals in February are now facing meaningfully higher monthly payments, which is part of why the $400K–$700K band is moving more slowly than the luxury tier.
Are there good deals to be found in Midway right now? ▾
The $400K–$700K band offers the most negotiating room — all 4 April closings in that range came in below list price, and median DOM was 44 days. Communities like Scotch Fields, where 2 homes closed at a median 141 days on market, suggest that longer-tenured listings are willing to negotiate. Buyers targeting homes past 45 days on market in this price range have a realistic chance of closing 3–5% below list.
How does Midway compare to Park City for buyers considering the Wasatch Back? ▾
Midway offers a lower entry point into the Wasatch Back luxury market — April's median sale was $1,116,000 versus Park City's significantly higher price points. The trade-off is commute time to Salt Lake City (roughly 60–75 minutes via US-40 and I-80) versus Park City's 30–45 minutes. Buyers priced out of Park City's core neighborhoods increasingly look at Midway and Heber City as primary-residence alternatives, which is part of what drove April's volume improvement.
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
13 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 29 · 25th percentile 13 · 75th percentile 57
Needed a price change
Sold listings that had a recorded price change before close
0 of 13 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. Scotch Fields 2 sold · $1,155K · 141d
- 2. Whitaker Farm 1 sold · $5,400K · 38d
- 3. Sunflower Farms 1 sold · $2,725K · 18d
- 4. Remund Farms 1 sold · $2,065K · 0d
- 5. Dutch Fields Pud 1 sold · $1,245K · 54d
April 2026 by property type
How each housing type performed last month — 11 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 13 | 6 | +116.67% | 37 | 26 | +42.31% |
| Median Sale Price | $1,116,000 | $1,305,000 | -14.48% | $1,079,523 | $1,042,115 | +3.59% |
| Median DOM | 29 | 47 | -38.30% | 51 | 52 | -1.92% |
| Sale-to-List Ratio | 97.94% | 97.09% | +0.88% | 97.18% | 94.40% | +2.94% |
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.