Market analytics · April 2026 archive
Nephi, 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
Nephi closings nearly double year-over-year as spring buyers move faster than winter's pace.
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After a sluggish winter in which Nephi recorded just 3 closings in both January and February 2026 with median days-on-market stretching to 105 and 201 days respectively, April snapped back sharply — 12 homes closed and median DOM fell to 65 days, less than a third of February's pace. Compared to April 2025, when only 5 homes sold at a median of 114 days on market, this April delivered more than double the volume and homes moved roughly 43% faster. The sale-to-list ratio crossed 100% for the first time in the trailing six months, landing at 100.28%, a signal that the $400K–$700K band — which captured all 12 April closings — is seeing genuine competition.
Market pulse
After median DOM peaked at 201 days in February 2026, the market shifted decisively in March — DOM dropped to 34 days on 10 closings — before settling at 65 days in April on 12 closings, a more sustainable pace that still represents a dramatic improvement over the winter stall. Active inventory has climbed steadily from 28 homes in December 2025 to 31 in January, 38 in February, 42 in March, and 48 in April, giving buyers more options while keeping absorption at a balanced 4.0 months. New listings also accelerated, with 19 hitting the market in April compared to 15 in March and just 6 in January, consistent with Juab County's shoulder-spring pattern as snowmelt opens up the selling season. The sale-to-list ratio's move to 100.28% in April — up from 99.04% in March and 97.01% in February — confirms that well-priced homes in the $400K–$700K corridor are attracting full-price or better offers.
Mortgage context
The 30-year fixed rate has climbed to 6.625% today, up 0.375 pp from 30 days ago, and sits 0.43 pp above February's monthly average of 6.19% — the softest rate point of the past six months. That February low briefly made Nephi's median-priced home more accessible; since then, the rate has drifted back up through March's 6.48% and April's 6.42% monthly average before the current spot reading. For buyers financing at today's rate, the monthly payment increase relative to February is real and measurable, adding roughly $105 per month in principal and interest on a median-priced home compared to that low point.
Payment math
On a median-priced home today, P&I lands at $2,357/mo at 6.625% — $91/mo more than 30 days ago at 6.25%, and $105/mo above the February 2026 low when rates averaged 6.19% and P&I would have been $2,252.
If you're buying
Target listings in Northridge Estates and Hunters Meadow Subd that have been sitting 90 days or longer — both subdivisions had April closings but also carried homes with median DOM of 157 and 106 days respectively, suggesting some inventory is still negotiable despite the overall ratio crossing 100%. The under-$400K band produced zero closings in April (down from 1 in March and 5 in December), so if you need that price point, expect limited supply and consider looking at nearby Manti or Gunnison where entry-level inventory may be more available. Lock your rate sooner rather than later: at 6.625% today versus 6.19% in February, every month of delay on a $460K home costs roughly $105/mo in additional P&I.
If you're selling
Price within the $400K–$700K band and you have the wind at your back — all 12 April closings landed in that range, and 9 of 12 sold at or above list price. Homes in established Nephi subdivisions like Covington Ridge Estates and North Ridge Estates are closing in the $500K–$550K range; if your property competes there, condition and presentation matter more than aggressive list-price cuts. Avoid overpricing into the $497K median list-price territory without strong comps — the gap between median list ($497,498) and median sale ($460,050) in April shows that aspirational pricing still leaves money on the table.
Outlook
With 48 active listings and 19 new listings entering in April, Nephi's supply pipeline is the fullest it has been since last summer, which should keep absorption near the 4-month mark through May and June. Seasonally, Juab County's spring selling window typically runs through July before activity softens, so sellers who list in May and June are entering the market at a historically active stretch. The rate environment is the main wildcard: if the 30-year holds near 6.625% or climbs further, the $460K median price point translates to a payment that will price out some I-15 corridor commuters who have been eyeing Nephi as an affordable alternative to Payson or Spanish Fork.
Watch for
If the 30-year fixed rate crosses 7%, expect Nephi's months-of-supply to climb back above 6 as I-15 commuter buyers — already stretching to cover the 75-mile drive to Utah County — recalculate affordability and pull back from the $450K–$500K range.
"Nephi's spring reset: more closings, tighter ratios, and a rate headwind that's starting to bite."
Common questions about Nephi this month
Is Nephi a buyer's or seller's market in April 2026? ▾
It's closer to a seller's market within the $400K–$700K price band, where all 12 April closings occurred and 9 of 12 sold at or above list price. However, with 48 active listings and 4.0 months of supply, buyers have more choices than they did in the summer of 2025, so it's not a one-sided market. Homes that are priced accurately are moving; overpriced listings are sitting.
How long does it take to sell a home in Nephi right now? ▾
The median days-on-market in April 2026 was 65 days, which is a significant improvement from the winter slowdown when median DOM hit 201 days in February. That said, there's a wide spread — the 25th percentile closed in 33 days while the 75th percentile took 199 days, meaning well-priced, move-in-ready homes in subdivisions like Walnut Grove or Jamestowne Subdivision can move in under a month, while others linger.
What price range is selling in Nephi in spring 2026? ▾
Every home that closed in April 2026 was priced between $400K and $700K, with a median sale price of $460,050. The under-$400K segment produced zero closings in April, down from 5 closings in December 2025, reflecting a shrinking supply of entry-level homes. The Stone Ridge 2 subdivision saw a closing at $595,000, and North Ridge Estates closed at $549,900, showing the upper end of that band is active.
How are rising mortgage rates affecting Nephi home buyers? ▾
At today's 30-year rate of 6.625%, a buyer financing a median-priced Nephi home faces a P&I payment of about $2,357/month — $105/month more than they would have paid in February when rates averaged 6.19%. For buyers commuting to Utah County jobs in Payson or Spanish Fork, that added cost compounds with fuel and time, making affordability math tighter than it was earlier in the year.
Which Nephi subdivisions are most active right now? ▾
In April 2026, Northridge Estates and Hunters Meadow Subd each recorded 2 closings, making them the most active subdivisions by volume. Covington Ridge Estates and North Ridge Estates also had closings, consistent with their activity over the past year. Stone Ridge 2 posted the month's highest single sale at $595,000. Buyers targeting these established neighborhoods should be prepared for competition, as the overall sale-to-list ratio crossed 100% in April.
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
12 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 65 · 25th percentile 33 · 75th percentile 199
Needed a price change
Sold listings that had a recorded price change before close
0 of 12 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. Northridge Estates 2 sold · $483K · 157d
- 2. Hunters Meadow Subd 2 sold · $467K · 106d
- 3. Stone Ridge 2 1 sold · $595K · 37d
- 4. North Ridge Estates 1 sold · $550K · 16d
- 5. Covington Ridge Estates 1 sold · $500K · 45d
April 2026 by property type
How each housing type performed last month — 12 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 12 | 5 | +140.00% | 28 | 19 | +47.37% |
| Median Sale Price | $460,050 | $500,000 | -7.99% | $456,986 | $459,158 | -0.47% |
| Median DOM | 65 | 114 | -42.98% | 73 | 66 | +10.61% |
| Sale-to-List Ratio | 100.66% | 99.35% | +1.32% | 99.84% | 96.31% | +3.67% |
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.