Market analytics
Murray, 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
Murray closings hit near-instant pace in June — but fewer buyers are crossing the finish line
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The speed at which Murray homes moved to contract in June 2026 was striking: the median days on market fell to just 1 day, down from 10 days in May and 43 days in April, and well below the 16-day median recorded in June 2025. That near-instant pace, however, came alongside a drop in closings — 34 homes sold in June compared to 42 in May and 53 a year ago — suggesting the fastest-moving listings are a select group of well-priced homes that buyers snapped up immediately, while a growing share of the 166 active listings in Murray are waiting longer for offers. The median sale price landed at $536,450, up modestly from $530,000 in June 2025, but the sale-to-list ratio slipped to 97.67%, the softest reading since February.
Market pulse
From January through April 2026, Murray's median days on market held in a narrow band of 34 to 43 days — slow by the city's historical standards. May broke that pattern sharply, with the median dropping to 10 days as spring demand concentrated on well-priced inventory. June compressed further to a median of just 1 day, but the bottom quartile of closings also registered 0 days, meaning a significant portion of June's 34 deals were essentially pre-sold or went under contract the day they listed. Meanwhile, active inventory climbed from 125 homes in April to 144 in May and 166 in June, while the sale-to-list ratio eased from 99.14% in May to 97.67% in June — the widest gap between list and sale price since February's 97.43%. The combination of near-instant closings on select homes and a growing pool of listings that haven't yet found buyers points to a market splitting between move-in-ready, accurately priced homes and everything else.
Mortgage context
The 30-year fixed rate reached 6.75% as of early July, up 0.125 percentage points from 6.625% thirty days ago, and has climbed 0.56 percentage points from February's monthly average of 6.19% — the low point of the past seven months. That trajectory matters in Murray, where the median home price sits around $536,000: buyers who were underwriting deals in February are now facing meaningfully higher monthly costs, which helps explain why closings have pulled back even as the fastest-moving homes are still going under contract almost immediately. FHA financing at 6.25% and VA loans at 6.375% are providing some relief for qualifying buyers, particularly in the under-$400K segment where 11 homes closed in June.
Payment math
At $536,000 with 20% down, the monthly principal-and-interest payment on a Murray median-priced home runs $2,784 at today's 6.75% rate — $36 more than 30 days ago when the rate was 6.625%, and $158 above the February low when rates averaged 6.19% and that same loan would have carried a $2,626 monthly payment.
If you're buying
Target listings that have been active for more than 21 days in Murray — the sale-to-list ratio on homes that didn't go immediately is tracking closer to 96-97%, giving you real room to negotiate, especially in the Waterbury and Walden Ridge corridors where some homes are sitting. In the $400K–$700K band, where 17 of June's 34 closings landed, median days on market was 0, so if you find a freshly listed home in that range priced accurately, move fast — but on anything with even a week of market time, the data supports coming in below ask.
If you're selling
The 1-day median is real, but it applies to a narrow slice of June's inventory — 26 of 34 closings sold below list price, and 10 sellers took a price cut before closing. If your home in Murray's Chevy Chase or Old Farm neighborhoods isn't priced at or slightly below recent comparable sales, expect it to join the growing pool of 166 active listings rather than the handful that went instantly. Warm June weather brings motivated buyers, but with rates at 6.75% and inventory building, the window for aspirational pricing has narrowed considerably.
Outlook
Over the next 60–90 days, Murray's market will likely continue splitting between homes that price to current conditions and those that don't. Active inventory has grown from 107 in February to 166 in June, and if new listings keep arriving at the May–June pace (62–74 per month) while closings stay in the low-to-mid 30s, the supply cushion will widen further into late summer. Buyers who've been priced out of Draper or Sandy along the I-15 corridor may find Murray increasingly attractive at these inventory levels, but the rate environment — with the 30-year now at 6.75% and trending upward — will keep a ceiling on how aggressively sellers can push prices.
Watch for
At the current pace of new listings relative to closings, Murray's active inventory likely crosses 190 homes by late August — which would push the time it takes to sell all listed homes past six months and put additional downward pressure on the sale-to-list ratio, potentially toward the low-96% range.
"One-day median, 166 listings, and a sale-to-list dip: Murray's June tells a split story."
Common questions about Murray this month
Is Murray a buyer's or seller's market in June 2026? ▾
It's genuinely split. The median days on market was just 1 day, which sounds like a seller's market — but 26 of 34 closings sold below list price, and the sale-to-list ratio dropped to 97.67%. Accurately priced homes in move-in condition are going fast, while overpriced listings are sitting in a pool of 166 active homes. Buyers have more leverage than that 1-day headline suggests.
Why did Murray home closings drop in June if homes are selling so fast? ▾
The speed metric and the volume metric are measuring different things. The 1-day median reflects which homes actually closed — the fastest-moving, best-priced listings. The 34 closings (down from 42 in May and 53 in June 2025) reflect that a large and growing share of Murray's 166 active listings haven't yet found buyers. Think of it as a two-speed market: instant for the right homes, slow for everything else.
How much has the mortgage rate increase affected monthly payments on a Murray home? ▾
On a median-priced $536,000 Murray home with 20% down, the monthly principal-and-interest payment is now $2,784 at 6.75%. That's $158 more per month than buyers were paying in February when rates averaged 6.19% — and $36 more than just 30 days ago. Over a year, that February-to-now difference adds up to nearly $1,900 in additional carrying cost.
Are there neighborhoods in Murray where buyers can still negotiate? ▾
Yes — homes in the Waterbury area and some of the larger-lot properties near Murray Parkway Estates that have been on the market more than two to three weeks are seeing sale prices closer to 96–97% of list. The under-$400K segment, including condos in The Willows, closed at a median of $255,000 in June, and that price band had 11 closings — suggesting demand exists but buyers in that range are being selective.
How does Murray compare to nearby cities like Draper or Sandy for buyers right now? ▾
Murray tends to offer more price accessibility than Draper or Sandy, particularly in the $400K–$700K range where 17 of June's 34 closings landed at a median of $550,000. Buyers priced out of those I-15 corridor cities are increasingly looking at Murray as an alternative, which helps explain why well-priced Murray homes still go quickly even as overall volume has softened. The tradeoff is that Murray's inventory is building, so buyers have more options than they did six months 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
35 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 0 · 25th percentile 0 · 75th percentile 14
Needed a price change
Sold listings that had a recorded price change before close
10 of 35 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. Waterbury 2 sold · $329K · 22d
- 2. The Willows 2 sold · $243K · 0d
- 3. Murray Parkway Estates 1 sold · $910K · 7d
- 4. Walden Ridge 1 sold · $880K · 0d
- 5. Woodstock Village #2 1 sold · $795K · 5d
June 2026 by property type
How each housing type performed last month — 34 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 35 | 53 | -33.96% | 214 | 284 | -24.65% |
| Median Sale Price | $537,900 | $530,000 | +1.49% | $523,937 | $512,564 | +2.22% |
| Median DOM | — | 16 | — | 27 | 25 | +8.00% |
| Sale-to-List Ratio | 97.70% | 99.20% | -1.51% | 98.51% | 99.11% | -0.61% |
Past months
Browse historical Murray 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.