Market analytics · June 2026 archive
Santaquin, 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
Santaquin closings turn nearly instant in June, even as inventory reaches its highest point of the year.
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The most striking number out of Santaquin in June 2026 is not a price — it's a zero. The median days on market for the 15 homes that closed dropped to zero, meaning more than half of those transactions recorded no gap between list date and contract date. That's a dramatic contrast to May's 21-day median and a year ago's 30-day median in June 2025. The catch: closings fell to just 15, well below the prior 12-month average of 27, so the speed signal reflects a narrow slice of the market — the homes that were priced right moved almost immediately, while the broader inventory of 172 active listings tells a more patient story.
Market pulse
Active inventory in Santaquin has climbed steadily all spring: 95 homes in March, 121 in April, 134 in May, and now 172 in June — a 79% increase from March in just three months. New listings added 56 homes in June, the most of any month in the past six, keeping supply well ahead of the closing pace. The sale-to-list ratio held at 99.65% in June, essentially flat with May's 99.77%, meaning sellers are still getting close to asking price on the homes that do close — but 6 of the 15 closings landed below list, and 8 of those 15 sellers had already cut their price before going under contract. Days on market for the homes that sold compressed to near-zero, but that reflects a selection effect: the listings priced sharply enough to move quickly did so, while slower-moving inventory continues to accumulate on the active side.
Mortgage context
The 30-year fixed rate reached 6.75% as of early July, up 0.125 percentage points over the past 30 days from 6.625%, and up 0.56 percentage points from February's monthly average of 6.19% — the low point of the past seven months. That February-to-now climb has meaningfully compressed what buyers can afford in Santaquin: the monthly principal-and-interest payment on a median-priced home has grown by $133 since February, a real constraint for buyers stretching toward the $500,000–$535,000 range that dominated closings this spring. FHA financing at 6.25% and VA loans at 6.375% remain the more accessible entry points for buyers in the Silver Oaks and Summit Ridge The Hills segments where prices cluster below $400,000.
Payment math
At $451,000 — Santaquin's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $2,342 at today's 6.75% rate, which is $30 more than 30 days ago when the rate stood at 6.625%, and $133 above the February low when rates averaged 6.19% and that same loan would have cost $2,209 a month.
If you're buying
With 172 active listings and only 15 closings in June, Santaquin is offering buyers more room to negotiate than at any point this year — target homes that have been active more than 30 days, particularly in Stratton Acres and Foothill Village where longer days on market have historically preceded price reductions. The 8 June closings that involved a prior price cut suggest sellers in the $500,000–$635,000 range are increasingly willing to deal; buyers in that band should ask for recent comparable sales before anchoring to the original list price. If you're eyeing the under-$400,000 segment in Silver Oaks, be aware those homes are still moving quickly — the 4 Silver Oaks closings in June had a median of just 9 days on market.
If you're selling
Santaquin's June data makes the pricing message clear: homes priced to the current market moved almost instantly, while the broader pool of 172 active listings is growing. If your home in Ridge, The Orchards, or Countryside Estates has been sitting more than three weeks without an offer, a price adjustment is more likely to produce a result than waiting for buyer urgency to return — the closing volume simply isn't there to absorb patient pricing. Sellers who can differentiate on condition (updated kitchens, finished basements, larger lots along the I-15 corridor) have the best case for holding closer to list; everyone else should price 1–2% below recent comparable sales to stand out in a field of 172 competitors.
Outlook
Over the next 60–90 days, Santaquin's market will be shaped by whether new listings continue at June's pace or slow as summer progresses. If 56-per-month new listing rates hold through July and August while closings remain near 15–20 per month, active inventory could approach 200 homes — a level that would give buyers in Foothill Village and Stratton Acres meaningful negotiating leverage heading into fall. Rate relief is not clearly on the horizon: the 30-year has moved from 6.19% in February to 6.75% today, and buyers priced out of Santaquin's $500,000-plus inventory may increasingly look at American Fork or Payson as alternatives. Sellers who act before the back-to-school slowdown typically hits in mid-August are working with the best foot traffic of the remaining summer window.
Watch for
At the current pace of new listings outrunning closings by roughly 40 homes per month, active inventory reaches 200-plus by late August — a level where sale-to-list ratios in the $400,000–$700,000 band likely drift below 99% and days on market for non-new-construction homes return to the 30-plus-day range seen last fall.
"Santaquin's split-screen June: homes that sold moved in hours, but far fewer sold — and 172 listings are still waiting."
Common questions about Santaquin this month
Is Santaquin a buyer's or seller's market in June 2026? ▾
It's shifting toward buyers, though not uniformly. Active inventory reached 172 homes in June — nearly double the 96 that were available in June 2025 — while closings fell to just 15. That imbalance gives buyers more choices and more negotiating room, especially in the $400,000–$700,000 range. The under-$400,000 segment in Silver Oaks is still competitive, with homes closing in under 10 days.
Why did so few homes close in Santaquin in June 2026? ▾
June recorded only 15 closings, compared to 40 in June 2025 and a 12-month average of 27. That gap likely reflects a combination of rising mortgage rates — the 30-year climbed from 6.19% in February to 6.75% today — and a growing mismatch between seller list prices (median $529,950) and what buyers are willing to pay at current borrowing costs. Homes that were priced sharply moved almost immediately; the rest are sitting in a pool of 172 active listings.
What does a zero median days on market actually mean in Santaquin? ▾
When the median days on market is zero, it means more than half of the homes that closed in June went under contract on the same day they were listed — or the listing and closing dates were recorded identically. This typically happens with new-construction homes where the contract was signed before the MLS listing went live, or with deeply discounted resales that attracted immediate offers. It does not mean the entire Santaquin market is moving instantly — 172 homes are still actively listed.
Are Santaquin home prices dropping in 2026? ▾
Of the 15 homes that closed in June, 8 had already taken a price reduction before going under contract, and 6 closed below the original list price. The June median sale price of $451,350 is lower than May's $530,000, but with only 15 closings the month-to-month comparison is not reliable — a few high- or low-priced sales can move the median significantly. What's clearer is that sellers in the $500,000–$635,000 range, including Stratton Acres and Countryside Estates, are increasingly accepting less than their original ask.
How are rising mortgage rates affecting Santaquin buyers right now? ▾
The 30-year fixed rate is at 6.75% as of early July, up from a recent low of 6.19% in February. On a $451,000 home with 20% down, that February-to-now rate climb translates to $133 more per month in principal-and-interest payments — from $2,209 to $2,342. For buyers targeting Santaquin's $500,000–$535,000 mid-range, the payment difference is even larger, which helps explain why some buyers have pulled back and why 172 listings are currently competing for a smaller pool of qualified purchasers.
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 18
Needed a price change
Sold listings that had a recorded price change before close
9 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. Silver Oaks 4 sold · $315K · 9d
- 2. Summit Ridge The Hills 2 sold · $500K · 0d
- 3. Countryside Estates 1 sold · $714K · 0d
- 4. Stratton Acres 1 sold · $635K · 0d
- 5. Sumit Ridge The Hills 1 sold · $578K · 0d
June 2026 by property type
How each housing type performed last month — 16 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 17 | 40 | -57.50% | 130 | 186 | -30.11% |
| Median Sale Price | $451,350 | $499,950 | -9.72% | $454,692 | $455,156 | -0.10% |
| Median DOM | — | 30 | — | 24 | 28 | -14.29% |
| Sale-to-List Ratio | 100.01% | 99.47% | +0.54% | 99.92% | 100.04% | -0.12% |
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.