Market analytics · June 2026 archive
Millcreek, 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
Millcreek homes that sold in June went under contract in 3 days — but only 19 closed.
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The homes that did sell in Millcreek in June 2026 moved with remarkable speed — a median of just 3 days on market, down from 10 days in May and the fastest pace recorded across the past year. Half of all closings went under contract within the same day they were listed, and the sale-to-list ratio reached 100.51%, meaning the typical sold home cleared its asking price. The catch: closings totaled only 19 for the month, well below the prior 12-month average of 35, so these figures describe the homes that found buyers quickly — not the broader pool of 150 active listings that did not.
Market pulse
Median days on market in Millcreek traced a wide arc over the past six months: 28 days in January, 29 in February, compressing to 22 in March, then accelerating sharply to 11 in April, 10 in May, and 3 in June — the fastest pace of the entire cycle. At the same time, active inventory climbed from 69 homes in January to 90 in February, 84 in March, 107 in April, 126 in May, and 150 in June, even as new listings pulled back to 45 in June from 68 in each of the two prior months. The sale-to-list ratio moved from 98.09% in January to 100.04% in May and 100.51% in June, reflecting that the homes which did sell were priced to move and attracted competitive offers. The split between a 3-day median and 150 active listings tells the real story: well-priced homes are getting snapped up immediately, while overpriced or less-differentiated properties are accumulating on the shelf.
Mortgage context
The 30-year fixed rate has climbed to 6.75% as of early July, up 0.125 percentage points over the past 30 days from 6.625%, and up from February's monthly average of 6.19% — a 0.56-percentage-point rise since the recent low. For buyers financing a Millcreek home at the current rate, that February-to-now climb translates to $192 more per month in principal and interest on a median-priced purchase. Jumbo financing, relevant for the many Millcreek transactions above $700,000, is running at 7.375% — a meaningful additional hurdle for buyers in the Mount Olympus Acres and Highland Circle price ranges.
Payment math
At $650,000 — Millcreek's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $3,373 at today's 6.75% rate, which is $43 more than 30 days ago when the rate stood at 6.625%, and $192 above what that same loan would have cost in February 2026 when rates averaged 6.19% and the payment would have been $3,181.
If you're buying
With 150 active listings in Millcreek and only 19 closings last month, buyers have genuine selection — but the data shows a sharp divide. Target homes that have been sitting past 30 days, particularly in the Opus Green community (where two June closings had a median of 73 days on market) and the $400,000–$700,000 band, where the median sale price came in at $540,000 against a market-wide median of $650,000 — that gap suggests room to negotiate. For the homes priced right and listed fresh, expect same-day competition: six of 19 June closings went above asking, so have your financing locked and your offer ready before you tour.
If you're selling
The 3-day median and 100.51% sale-to-list ratio are real, but they describe only the 19 homes that found buyers — not the 150 sitting active. Price precisely against recent comparable sales in your specific neighborhood: a Jackson Heights or Mount Olympus Acres home priced within 2% of what similar properties actually closed at will likely see offers within a week, while anything stretching toward last spring's peak ratios risks joining the growing inventory. With the 30-year rate at 6.75% and jumbo rates at 7.375%, buyers above $700,000 are doing harder math than a year ago — condition and pricing need to do the work that a lower-rate environment used to do for you.
Outlook
Millcreek enters July and August with 150 active listings, 45 new listings added in June, and a closing pace of 19 per month — meaning at that rate it would take nearly eight months to sell everything currently listed. That imbalance is likely to persist or widen slightly as summer progresses, since new listings typically continue through July before tapering in August. Buyers who have been waiting for more selection now have it; sellers who need to move this summer should expect that pricing discipline matters more than it has at any point in the past year.
Watch for
At the current pace of new listings running above 40 per month against closings near 19, active inventory could reach 175–190 homes by late August — a level that would likely push the sale-to-list ratio for the broader market (not just the fastest-moving homes) toward the mid-97% range and extend median days on market back toward the 20s for the overall pool.
"Millcreek's June split: the fastest closings of the year, the fewest sales, and 150 homes still waiting."
Common questions about Millcreek this month
Is Millcreek a buyer's or seller's market in June 2026? ▾
It depends on which homes you're looking at. The 19 homes that closed in June sold in a median of 3 days at 100.51% of asking price — those were seller's-market conditions. But 150 homes are currently active against a closing pace of 19 per month, which gives buyers real leverage on anything that hasn't moved quickly. The market is split between well-priced homes that sell immediately and a growing inventory of listings that haven't found takers.
Why were there so few closings in Millcreek in June? ▾
June's 19 closings are well below the prior 12-month average of 35. This appears to reflect a mismatch between seller pricing expectations and what buyers — now facing a 6.75% 30-year rate — are willing to pay, rather than a lack of listings. Active inventory actually grew to 150 homes, the most in over a year, while new listings came in at 45 for the month.
Are homes in Millcreek selling above asking price? ▾
Some are. Six of the 19 June closings sold above list price, and the overall sale-to-list ratio was 100.51%. However, 9 of 19 closed below asking, so the above-list results are concentrated in a subset of well-priced, move-in-ready homes — not a market-wide phenomenon. Homes in the Opus Green community, for example, sat a median of 73 days before closing in June.
How do Millcreek's June 2026 numbers compare to June 2025? ▾
Closings dropped sharply — 19 this June versus 43 in June 2025. Active inventory nearly doubled, from 80 homes a year ago to 150 now. The sale-to-list ratio improved from 98.51% to 100.51%, but that reflects the selectivity of what sold, not a broadly stronger market. New listings were identical at 45 both months.
What does the mortgage rate mean for my monthly payment on a Millcreek home? ▾
At June's median sale price of $650,000 with 20% down, the monthly principal-and-interest payment runs $3,373 at the current 6.75% rate. That's $192 more per month than buyers were paying in February 2026 when rates averaged 6.19%. For homes above $700,000 — which made up nearly half of June's closings — jumbo financing at 7.375% pushes payments even higher, which is part of why that segment is seeing more negotiation than it did a year ago.
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
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 4 · 25th percentile 0 · 75th percentile 24
Needed a price change
Sold listings that had a recorded price change before close
7 of 23 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. Opus Green 2 sold · $524K · 73d
- 2. Park 1 sold · $2,361K · 3d
- 3. Highland Circle 1 sold · $1,600K · 30d
- 4. Mount Olympus Acres 1 sold · $1,400K · 3d
- 5. Canyon Rim Addition 1 sold · $1,100K · 30d
June 2026 by property type
How each housing type performed last month — 20 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 43 | -46.51% | 189 | 178 | +6.18% |
| Median Sale Price | $685,000 | $522,000 | +31.23% | $630,007 | $579,965 | +8.63% |
| Median DOM | 4 | 14 | -71.43% | 17 | 19 | -10.53% |
| Sale-to-List Ratio | 99.70% | 98.51% | +1.21% | 98.95% | 98.74% | +0.21% |
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.