Market analytics · June 2026 archive
Spanish Fork, 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
Spanish Fork's fastest closings in months arrive alongside a growing inventory gap.
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The defining number in Spanish Fork this June was how fast the homes that sold actually sold: median days on market fell to just 5 days, down from 13 in May 2026 and a fraction of the 21-day pace recorded in June 2025. That speed, however, coexists with a market where closings remain well below last year's pace — 35 homes closed in June 2026 compared to 57 in June 2025 — while active inventory reached 300 homes, up from 233 in May and 164 a year ago. The picture is one of a selective, fast-moving group of buyers working through a much larger pool of available homes than Spanish Fork has seen in recent months.
Market pulse
Median days on market in Spanish Fork has been anything but steady over the past six months: 48 days in January 2026, 36 in February, 51 in March, 28 in April, 13 in May, and now 5 in June — a compression that is striking on its face. At the same time, active inventory has climbed from 172 homes in January to 180 in February, 177 in March, 202 in April, 233 in May, and 300 in June, meaning the pool of available homes has grown even as the homes that do sell are moving almost immediately. The sale-to-list ratio held at 99.56% in June, essentially flat with May's 99.36% and April's 99.00%, suggesting sellers are not being forced into deep concessions — but 15 of 35 closings came in below list price, and 13 of those 35 involved a price reduction before the sale, a figure worth watching as inventory continues to build. Closed volume has been running well below the prior-year pace since May, and June's 35 closings against 300 active listings means it would take roughly 8.6 months to sell through current supply at this rate.
Mortgage context
The 30-year fixed rate in Spanish Fork's lending environment now sits at 6.75%, up 0.125 percentage points over the past 30 days from 6.625%. That follows a broader climb since February 2026, when the monthly average touched 6.19% — rates have moved up through March (6.48%), April (6.42%), May (6.55%), and June (6.66%) before reaching today's spot rate, adding meaningful cost to any purchase at current price levels. With jumbo rates at 7.375%, buyers financing above the conforming loan limit face a notably steeper hurdle, which may partly explain why the over-$700K segment in Spanish Fork is closing quickly but in smaller numbers.
Payment math
At $602,000 — Spanish Fork's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $3,124 at today's 6.75% rate, which is $40 more than the same calculation at 6.625% thirty days ago, and $177 above what that payment would have been in February 2026 when rates averaged 6.19% and the monthly figure would have landed at $2,947.
If you're buying
With 300 active listings and only 35 closings last month, Spanish Fork buyers have more negotiating room than the 5-day median days on market implies — the speed reflects a narrow slice of highly motivated sellers, not the whole market. Target homes in the $400K–$700K range that have been listed more than 30 days, particularly in established neighborhoods like Spanish Fields or along the River Run corridor, where sellers who have already reduced their price are more likely to negotiate on terms. The 13 price-cut closings in June (out of 35 total) confirm that a meaningful share of sellers are adjusting — ask your agent to pull recent comparable sales from the past 60 days rather than spring peaks, since the median has moved up to $602,000 partly on mix, not uniform appreciation.
If you're selling
Homes priced right in Spanish Fork are genuinely moving fast — the 5-day median and a 99.56% sale-to-list ratio show that well-positioned listings are not sitting. But with 300 active homes competing for 35 buyers a month, the margin for overpricing is thin: the 13 price-cut closings in June signal that sellers who started too high eventually had to adjust anyway, losing time and negotiating leverage in the process. If your home is in a community like Mellor at Spanish Fork or Maple Mountain — where June closings happened in 1–3 days — price at or just under recent comparable sales and you are likely to see strong early traffic; if you are in a segment with longer days on market, like homes above $700K in Canyon View or Oakridge Cove, build in a realistic timeline and price to the current rate environment, not last spring's.
Outlook
Over the next 60–90 days, Spanish Fork's inventory is likely to remain elevated as new listings continue arriving — June's 102 new listings was the highest monthly intake since at least last spring, and summer typically sustains that pace. If closings do not pick up from the 33–35 range seen in May and June, the gap between supply and demand will widen further, giving buyers in communities like Legacy Farms at Spanish Fork and Quiet Valley more room to negotiate on price and terms. Rate trajectory is the key wildcard: the 30-year has climbed from 6.19% in February to 6.75% today, and any further move toward 7% would likely push more buyers to the sidelines, particularly in the $500K–$700K range where affordability is already stretched.
Watch for
At the current pace of new listings running above 85–100 per month against roughly 35 closings, active inventory in Spanish Fork could approach or exceed 350 homes by August — a level that would likely push the sale-to-list ratio below 98% and give buyers in the $400K–$700K band meaningful room to negotiate below list for the first time in over a year.
"Five-day median, 300 active listings, and a $602K median — Spanish Fork's June told a story of speed without volume."
Common questions about Spanish Fork this month
Is Spanish Fork a buyer's or seller's market in June 2026? ▾
It depends on which number you look at. The 5-day median days on market and a 99.56% sale-to-list ratio suggest sellers still have the upper hand on well-priced homes. But 300 active listings against only 35 closings means it would take roughly 8.6 months to sell through current supply at this pace — that level of inventory typically gives buyers real negotiating room, especially on homes that have been sitting more than 30 days.
Why did the median sale price jump to $602,000 in June when closings were so low? ▾
With only 35 closings, the mix of what sold has an outsized effect on the median. June saw 12 closings above $700,000 — including sales in Oakridge Cove near $899,000 and Canyon View near $750,000 — which pulled the median up from May's $500,000. This does not necessarily mean all Spanish Fork homes appreciated; it reflects which homes happened to close that month.
Are homes in Spanish Fork selling above or below asking price right now? ▾
In June 2026, 11 of 35 closings came in above list price, 9 sold at list, and 15 sold below — so the market is split roughly in thirds. The overall sale-to-list ratio was 99.56%, meaning the average closing came in just under asking. Homes in Mellor at Spanish Fork and Maple Mountain closed in 1–3 days and likely saw stronger offers, while homes sitting longer tended to close below list.
How much has the mortgage rate increase added to a monthly payment in Spanish Fork? ▾
On a $602,000 home with 20% down, today's 6.75% rate produces a monthly principal-and-interest payment of $3,124. That is $40 more per month than 30 days ago when rates were at 6.625%, and $177 more than the February 2026 low when rates averaged 6.19% and the same purchase would have cost $2,947 a month. Over a 30-year loan, that February-to-now difference adds up to more than $63,000 in total interest.
What neighborhoods in Spanish Fork are selling fastest right now? ▾
In June 2026, Mellor at Spanish Fork posted a median of just 1 day on market across its 2 closings, and both Maple Mountain and Sunny Ridge came in at 3 days. These are smaller samples, so individual motivated sellers can skew the numbers — but they point to strong demand in the mid-$500K to low-$700K range. By contrast, Oakridge Cove and Canyon View saw median days on market of 64 and 45 days respectively, reflecting the longer timelines typical of the higher-priced segment above $700K.
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
37 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 5 · 25th percentile 0 · 75th percentile 24
Needed a price change
Sold listings that had a recorded price change before close
14 of 37 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. Oakridge Cove 2 sold · $899K · 64d
- 2. Canyon View 2 sold · $750K · 45d
- 3. Mellor At Spanish Fork 2 sold · $744K · 1d
- 4. Sunny Ridge 2 sold · $677K · 3d
- 5. Maple Mountain 2 sold · $507K · 3d
June 2026 by property type
How each housing type performed last month — 35 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 37 | 57 | -35.09% | 271 | 341 | -20.53% |
| Median Sale Price | $599,000 | $490,000 | +22.24% | $508,343 | $462,995 | +9.79% |
| Median DOM | 5 | 21 | -76.19% | 32 | 26 | +23.08% |
| Sale-to-List Ratio | 99.74% | 99.94% | -0.20% | 99.69% | 99.54% | +0.15% |
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.