Market analytics
South Jordan, 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
May 2026 · Market Analysis
South Jordan's spring listing wave outpaces buyers as closings pull back from April's peak.
Closed sales in South Jordan fell to 76 in May 2026, down 37% from April's 120 closings — a meaningful demand pullback that arrived just as the city's listing pipeline hit its widest point since last spring. A year ago in May 2025, South Jordan recorded 110 closings with only 312 active listings; this May, 564 homes were available and buyers absorbed far fewer of them. The gap between supply and demand is the defining story of the month.
Market pulse
Active inventory in South Jordan has climbed steadily for five consecutive months: from 227 homes in December 2025 to 279 in January, 362 in February, 399 in March, 444 in April, and 564 in May 2026 — a 148% increase from December's low. New listings reached 206 in May, the most in any month tracked over the past year, while the sale-to-list ratio slipped to 98.85% from April's 99.44%, and the number of homes that sold with a price reduction jumped to 22 in May versus just 5 in April. Median days on market continued to compress to 20 days — down from 25 in April and 31 in March — but that figure reflects the homes that did close, not the growing share sitting unsold; with 40 of 76 closings occurring below list price, the negotiating environment has shifted noticeably toward buyers.
Mortgage context
The 30-year fixed rate has climbed to 6.625% — up 0.125 percentage points over the past 30 days and up from a six-month low of 6.19% in February 2026, a 0.43-point climb that has added meaningfully to monthly carrying costs on South Jordan's median-priced home. For buyers weighing FHA financing, the 6.00% FHA rate offers some relief, but conventional borrowers at 6.625% are facing the highest monthly payments of the past six months. The rate trajectory since February has likely contributed to the May closing slowdown, as some buyers who entered the market in March and April recalibrated their budgets.
Payment math
On a median-priced home today, P&I lands at $3,258/mo at 6.625% — $42/mo more than 30 days ago at 6.5%, and $145/mo above the February 2026 low when rates averaged 6.19% and P&I would have been $3,113.
If you're buying
Target homes that have been listed 45 days or longer — with 564 active listings and only 76 closings in May, stale inventory is accumulating and sellers on those properties are increasingly open to negotiation, as evidenced by 22 price-reduction events in the month. In Daybreak and Kennecott specifically, where builder-influenced resale competition is real, look for homes in the $400K–$700K band that have already taken a price cut; the median sale in that band was $585,000 in May, and sellers pricing to April's stronger comps are sitting. An FHA loan at 6.00% or a VA loan at 6.125% can meaningfully reduce your monthly payment compared to conventional financing at 6.625% — worth running the numbers before locking.
If you're selling
With 564 active homes competing for 76 buyers in May, South Jordan sellers need to price to current conditions, not April's — the sale-to-list ratio has already slipped from 99.44% to 98.85%, and 22 sellers were forced into price reductions mid-listing. In Daybreak, where 27 homes closed at a median of $605,000 but new listings continue to enter at higher ask prices, a list price at or slightly below recent closed comps will generate more traffic than one anchored to the spring peak. Condition matters more than it did two months ago: homes in Kennecott and Crystal Cove that show well and are priced correctly are still moving in the low-20-day range, while overpriced listings are drifting toward the 57-day 75th-percentile mark.
Outlook
Over the next 60–90 days, South Jordan's inventory level is likely to remain elevated as new listings continue at a pace well above last year's — 206 new listings in May versus 144 in May 2025 — and the rate environment at 6.625% (with the monthly average for June already tracking at 6.63%) gives buyers little financial incentive to rush. If closings don't recover toward the 100–110 range that characterized the summer of 2025, months-of-supply will continue to build and price-reduction frequency will increase further. Buyers who can tolerate the current rate environment will find the most selection and negotiating room they've had in over a year, particularly in the $400K–$700K segment that dominates South Jordan's volume.
Watch for
If the 30-year rate crosses 7.00% before August, expect South Jordan's months-of-supply to push past 9 and price-reduction counts to double from May's 22, particularly in the over-$700K segment where only 26 homes closed in May against a growing pool of active luxury listings.
"More homes, fewer closings: South Jordan's May inventory build hands buyers the most selection in over a year."
Common questions about South Jordan this month
Is South Jordan a buyer's or seller's market in May 2026? ▾
The balance has shifted toward buyers. With 564 active listings and only 76 closings in May, there are roughly 7.4 months of supply — well above the 3–4 month range that characterized South Jordan through most of 2025. Sellers are still getting close to list price on average (98.85%), but 40 of 76 closings came in below list, and 22 sellers cut their prices during the listing period, which was rare as recently as April.
Why did South Jordan home sales drop so much from April to May 2026? ▾
Two forces converged: the 30-year rate climbed from a February low of 6.19% to 6.625% today — a 0.43-point move that adds $145/mo in P&I on a median-priced home — and the listing supply expanded sharply, giving buyers more options and less urgency. April's 120 closings reflected pent-up spring demand; May's 76 suggest that demand has been absorbed and rate sensitivity is now the binding constraint.
Are home prices falling in South Jordan? ▾
Not in a broad, sustained way yet. The May 2026 median sale price of $636,000 is slightly below May 2025's $642,113, but month-to-month it's up from April's $615,000. The more telling signal is the 22 price reductions recorded in May and the growing share of closings below list price — conditions that typically precede median price softening if inventory stays elevated through summer.
Which South Jordan neighborhoods are still moving quickly? ▾
Kennecott saw 8 closings in May at a median of $592,500 and a median DOM of 22 days, suggesting steady demand in that corridor. Garden Park Daybreak had a median DOM of just 7 days on its May closings. By contrast, Downtown Daybreak homes took a median of 49 days to close, and the broader Daybreak master-planned community — which accounted for 27 of 76 May closings — is seeing longer sit times as new listings continue to enter.
Should I wait for rates to drop before buying in South Jordan? ▾
That depends on your timeline and price sensitivity. Rates have moved from 6.19% in February to 6.625% today, and the June monthly average is tracking near 6.63% — there's no near-term signal of a meaningful pullback. What has changed is that South Jordan's inventory is the widest it's been in over a year, which means more negotiating room and less competition. Buyers who can qualify at current rates and plan to hold for several years may find May and June 2026 offer better selection and price flexibility than the tighter markets of 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
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
82 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 18 · 25th percentile 3 · 75th percentile 49
Needed a price change
Sold listings that had a recorded price change before close
30 of 82 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. Daybreak 29 sold · $605K · 35d
- 2. Kennecott 9 sold · $560K · 18d
- 3. Downtown Daybreak 3 sold · $457K · 49d
- 4. Crystal Cove 2 sold · $633K · 25d
- 5. Garden Park Daybreak 2 sold · $579K · 7d
May 2026 by property type
How each housing type performed last month — 82 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 82 | 110 | -25.45% | 434 | 411 | +5.60% |
| Median Sale Price | $635,000 | $642,113 | -1.11% | $627,085 | $607,738 | +3.18% |
| Median DOM | 18 | 35 | -48.57% | 32 | 32 | 0.00% |
| Sale-to-List Ratio | 98.87% | 99.43% | -0.56% | 99.07% | 99.46% | -0.39% |
Past months
Browse historical South Jordan 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.