Market analytics
Pleasant Grove, 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
Pleasant Grove's June closings nearly vanished — but the homes that sold went fast
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June 2026 brought an unusual split to Pleasant Grove: the homes that did close moved almost instantly — the median days on market landed at zero, meaning more than half the closings recorded the same day they went under contract — yet only 16 transactions actually crossed the finish line, well below the 29 closings Pleasant Grove recorded in June 2025 and roughly half the 29-closing monthly average of the prior 12 months. With closings this light, the reported median sale price of $727,500 (up from $486,900 a year ago) reflects the mix of homes that happened to close — nine of the 16 were priced above $700,000, including sales in Tuscany Farms and Shady Meadows — rather than a broad market-wide price move. Active inventory, meanwhile, climbed to 102 homes, the most Pleasant Grove has carried since at least last spring.
Market pulse
The days-on-market story in Pleasant Grove has been anything but linear over the past six months. The median sat at 24 days in January, eased to 17 in February, widened to 28 in March, tightened back to 17 in April, then compressed sharply to 8 days in May — and in June the recorded median hit zero, driven by a small batch of closings that were largely pre-negotiated or new-construction deliveries in communities like Avalon Hills and Canyon Grove. Closed volume, however, tells a different story: after peaking at 37 in March and holding at 33 in April, closings fell to 27 in May and dropped further to 16 in June, the lightest month since at least last November. Active inventory has been building steadily — from 70 homes in March to 84 in April, 82 in May, and now 102 in June — while the sale-to-list ratio has held in a narrow band between 98.49% and 99.49% all spring, suggesting sellers are still pricing close to where buyers will transact, even as the pool of buyers willing to close has thinned.
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 well above the February monthly average of 6.19% — a climb of 0.56 percentage points since that recent low. That trajectory has made the monthly math noticeably heavier for Pleasant Grove buyers: the 30-year averaged 6.19% in February, drifted up through 6.42% in April, and has continued rising through June's 6.66% monthly average to today's 6.75% spot rate. Jumbo financing — relevant for the luxury segment that dominated June closings — is running at 7.375%, which adds meaningful carrying cost for buyers targeting the Tuscany Farms and Avalon Hills price range.
Payment math
At $728,000 — the approximate median for homes that closed in June — a buyer putting 20% down faces a monthly principal-and-interest payment of $3,775 at today's 6.75% rate; that's $48 more per month than 30 days ago when the rate sat at 6.625% (a payment of $3,727), and $214 above what the same loan would have cost in February 2026 when rates averaged 6.19% and the payment would have been $3,561.
If you're buying
With 102 active listings and only 16 closings in June, Pleasant Grove buyers have more room to negotiate than the zero-day-on-market headline implies — that figure reflects a handful of luxury and new-construction closings, not the broader pool of homes sitting on the market. Focus on the $400,000–$700,000 band, where only 2 homes closed in June despite meaningful inventory; sellers in that range who have been listed more than 30 days are likely open to concessions, and the sale-to-list ratio on slower-moving homes has been running closer to 97–98%. If you're eyeing the Orchard Grove or Canyon Grove corridors, the combination of rising inventory and a rate environment above 6.75% gives you a credible case for asking sellers to buy down your rate.
If you're selling
June's thin closing volume is a signal worth taking seriously: with 102 homes active and only 16 buyers closing, your competition is real. Sellers in the $400,000–$700,000 range face the steepest challenge — just 2 closings in that band last month — so pricing at or slightly below recent comparable sales in neighborhoods like Tayside Farm or Blackhawk Estates will matter more than it did in April. Homes that closed quickly in June were largely pre-sold or new construction; resale sellers who need to attract a buyer off the open market should plan for a longer timeline and consider offering a rate buydown or closing-cost credit to offset the 6.75% rate environment.
Outlook
Pleasant Grove enters July with the most active inventory in over a year and a rate environment that has climbed 0.56 percentage points since February, which together suggest the second half of summer will favor patient buyers more than it has at any point this year. Seasonally, warm July and August weather typically keeps new listings flowing in Utah County, so the 102-home active count could climb further before fall — especially if closings remain below 20 per month. Sellers who don't need to move immediately may find better conditions by waiting for a rate pullback, but there's no clear catalyst for that in the near term given the trajectory from 6.19% in February to 6.75% today.
Watch for
At the current pace — roughly 16–27 closings per month against 102 active listings — it would take between four and six months to work through Pleasant Grove's existing supply; if new listings continue arriving at June's rate of 37 per month while closings stay below 20, the active count likely crosses 120 by September and the sale-to-list ratio drifts toward the low 97% range.
"Sixteen closings, zero median days on market, and a luxury mix that skewed everything — Pleasant Grove's quietest June in years."
Common questions about Pleasant Grove this month
Is Pleasant Grove a buyer's or seller's market in June 2026? ▾
The balance has shifted toward buyers. With 102 active listings and only 16 closings in June, there's roughly six months of supply at the current sales pace — well above the two-to-three months that characterized Pleasant Grove through most of the past year. That said, well-priced homes in move-in condition are still closing quickly, so it's not a blanket buyer's market across every price range.
Why did the median sale price jump to $727,500 in June when the market seems slower? ▾
The June median reflects who closed, not what the whole market is doing. Nine of the 16 closings were priced above $700,000 — including sales in Tuscany Farms and Shady Meadows — while only 2 homes in the $400,000–$700,000 range closed. When a month's closings skew heavily toward luxury, the median rises even if mid-range values are flat. With only 16 total closings, one or two high-end sales can move the needle significantly.
What does a zero median days on market actually mean for Pleasant Grove buyers? ▾
It means more than half of June's 16 closings were recorded as selling the same day they were listed — typically new-construction deliveries or pre-negotiated sales that were already under contract before hitting the MLS. It does not mean every home in Pleasant Grove is selling instantly; the 102 homes currently active include many that have been sitting for weeks or months, particularly in the $400,000–$700,000 range.
How much has the mortgage rate increase actually cost Pleasant Grove buyers this year? ▾
On a home near the June median of $728,000 with 20% down, the monthly principal-and-interest payment is $3,775 at today's 6.75% rate. Back in February when rates averaged 6.19%, that same loan would have cost $3,561 per month — a difference of $214 every month, or about $2,568 per year. The rate has also moved up $48 per month just in the past 30 days, from 6.625% to 6.75%.
Are there good opportunities in Pleasant Grove's mid-range ($400K–$700K) right now? ▾
Potentially, yes. Only 2 homes in that price band closed in June despite active inventory across the city, which suggests demand in that range has softened relative to the luxury segment. Buyers targeting neighborhoods like Tayside Farm or Blackhawk Estates — where comparable sales have been in the $455,000–$546,000 range — may find sellers more willing to negotiate on price or offer rate buydowns than they were in April, when 20 homes in that band closed in a single month.
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
17 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 0 · 25th percentile 0 · 75th percentile 10
Needed a price change
Sold listings that had a recorded price change before close
6 of 17 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. Tuscany Farms 2 sold · $1,418K · 21d
- 2. Shady Meadows 1 sold · $1,325K · 0d
- 3. Avalon Hills 128 1 sold · $1,099K · 0d
- 4. Orchard Grove 1 sold · $925K · 2d
- 5. Canyon Grove 1 sold · $840K · 0d
June 2026 by property type
How each housing type performed last month — 15 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 17 | 29 | -41.38% | 161 | 162 | -0.62% |
| Median Sale Price | $700,000 | $486,900 | +43.77% | $580,368 | $490,625 | +18.29% |
| Median DOM | — | 21 | — | 17 | 26 | -34.62% |
| Sale-to-List Ratio | 98.66% | 98.62% | +0.04% | 99.01% | 99.13% | -0.12% |
Past months
Browse historical Pleasant Grove 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.