Market analytics
Plain City real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from the Utah MLS feed.
Updated · Source: Utah RESO MLS
April 2026 · Market Analysis
Plain City inventory builds while April closings price softer than a year ago
Plain City closed 17 residential sales in April 2026, up from just 7 in April 2025, while the median sale price moved from $685,000 a year ago to $535,000 this April. Active listings reached 57 homes, compared with 37 in April 2025, giving buyers more options than they had last spring. The sale-to-list ratio sat at 97.72%, close to last April's 97.66%, suggesting negotiation room has held steady even as prices have eased.
Market pulse
Active inventory in Plain City has climbed steadily through 2026, moving from 49 homes in February to 56 in March and 57 in April — the highest count in this 13-month dataset. New listings have run heavy as well, with 21 in February, 27 in March, and 18 in April, outpacing the thin 6-to-10 range seen last fall. Sold volume has been more uneven: 21 closings in February, 18 in March, and 17 in April, with the April median sale price of $535,000 marking a step down from $639,000 in March and $607,000 in February. Median days on market came in at 70 in April, shorter than the 113 logged in January but still well above a quick-turn pace, and absorption sits at 3.35 months — a balanced reading, not a tight one.
Mortgage context
The 30-year rate stands at 6.75% as of late May, up 0.5 points over the prior 30 days, with 15-year financing at 5.99% and FHA/VA at 6.25%. On a Plain City-priced home, that 30-day rate move adds roughly $141 per month to a typical principal-and-interest payment, about a 5.3% increase in carrying cost. That kind of jump tends to push buyers in this price tier — many shopping near or above $500,000 — to negotiate harder on price or concessions rather than stretch their budget.
Outlook
Over the next 60 to 90 days, Plain City sellers should expect to compete with a deeper pool of listings than last spring, and pricing right at the start will matter more than chasing the market down. Buyers gain some leverage from the 57-home active count and 3.35-month absorption, though the higher 6.75% rate trims how much of that leverage translates into monthly affordability. If new listings keep arriving at the late-winter pace, summer should bring continued choice rather than the tighter conditions seen in mid-2025.
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
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 17 | 7 | +142.86% | 67 | 37 | +81.08% |
| Median Sale Price | $535,000 | $685,000 | -21.90% | $593,470 | $649,171 | -8.58% |
| Median DOM | 70 | 55 | +27.27% | 87 | 72 | +20.83% |
| Sale-to-List Ratio | 97.72% | 97.66% | +0.06% | 97.20% | 98.04% | -0.86% |
Source: Utah RESO feed aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the original list price (pre-reduction). Absorption rate = active inventory ÷ monthly sold rate.