Market analytics
Springville, 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
Springville's June closings thin out, but the homes that sold moved in just 9 days
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The defining tension in Springville's June 2026 market is a split between speed and volume. Of the homes that closed, the median days on market fell to just 9 days — down from 27 in May and sharply faster than the 36-day median recorded in June 2025 — meaning the homes buyers wanted, they moved on quickly. But only 15 transactions closed in June, well below the 38 closings Springville recorded in June 2025 and roughly half the prior 12-month average of 28 sales per month, so the speed story applies to a narrow slice of the market rather than the whole. Active inventory, meanwhile, reached 133 homes — up from 110 in May and 64% above the 81 active listings Springville carried in June 2025.
Market pulse
The six-month arc in Springville reveals a market that accelerated hard through spring and then saw its closing volume contract sharply in June even as the homes that did sell moved faster. Median days on market traced a wild path: 51 days in January, 58 in February, 32 in March, 12 in April, 27 in May, and then 9 in June — the fastest median of the entire run, yet attached to only 15 closings. The sale-to-list ratio for June closings came in at 100.83%, meaning the homes that sold actually closed above their list price on average, a sign that well-priced, move-in-ready properties in neighborhoods like Ashton and Wild Horse still attracted competitive attention. Active inventory has grown every month since February — from 91 to 94 to 96 to 110 to 133 — and with 40 new listings added in June against only 15 closings, the supply side of the ledger continues to build.
Mortgage context
The 30-year fixed rate has climbed steadily since February's monthly average of 6.19%, moving through 6.48% in March, 6.42% in April, 6.55% in May, and 6.66% in June before reaching today's spot rate of 6.75% — a climb of 0.56 percentage points from the February low. That trajectory has added real dollars to monthly payments on Springville homes and is almost certainly a factor in why fewer buyers are reaching the finish line. The 30-year rate rose another 0.125 percentage points over the past 30 days alone, and with the 15-year option sitting at 5.99% and FHA at 6.25%, buyers with smaller down payments or shorter time horizons have meaningful alternatives worth running the numbers on.
Payment math
At $470,000 — Springville's June median, based on the homes that did close — a buyer putting 20% down carries a monthly principal-and-interest payment of $2,439 at today's 6.75% rate; that's $31 more than 30 days ago when the rate stood at 6.625%, and $139 above the February low when rates averaged 6.19% and the same loan would have run $2,300 a month.
If you're buying
With 133 active listings and only 15 closings in June, Springville carries more standing inventory than it has at any point in the past year — which gives patient buyers genuine room to negotiate, particularly on homes that have been sitting 30 days or longer. Target listings in the $400,000–$700,000 band that have been on market past three weeks; the 9-day median reflects the fastest-moving homes, not the whole pool, and the 9 of 15 closings that went below list price suggest sellers on slower-moving properties are open to concessions. If you're considering the Westfields Central or Kelvin Grove areas, compare recent comparable sales carefully — the gap between median list price ($529,000) and median sale price ($470,000) across June closings is wide enough that list price alone is a poor anchor.
If you're selling
June's 100.83% sale-to-list ratio is encouraging, but it reflects only 15 transactions — and 9 of those closed below list price, meaning the average was pulled up by a small number of competitively priced homes that generated multiple offers. Sellers in Springville Heights, Crystal Springs, and similar established neighborhoods should price at or just under recent comparable sales rather than anchoring to last spring's stronger ratios; with 133 active listings competing for a thin buyer pool, overpriced homes are sitting while correctly priced ones are moving in under two weeks. If your home needs cosmetic work, budget for it before listing — the homes that sold above list in June were almost certainly the ones buyers could picture moving into immediately.
Outlook
Springville heads into July and August with more inventory than it has carried in over a year and a rate environment that has moved against buyers every month since February. The warm summer selling season typically brings more foot traffic through open houses along the Hobble Creek corridor and in master-planned communities like Anthem West, but that activity will need to translate into closings — not just showings — to work down the 133-home active count. If rates hold near 6.75% or drift higher, expect the closing pace to remain well below the 30-plus monthly closings Springville saw in March and April, and sellers who entered the market in May or June may face longer waits than they anticipated.
Watch for
At the current pace of roughly 15 closings per month against 133 active listings, it would take nearly nine months to sell every home currently listed in Springville — and if new listings continue arriving at 40 or more per month through summer, that figure climbs further, likely pushing the sale-to-list ratio on non-competitive homes toward the mid-97% range by September.
"Fewer deals, faster decisions — Springville's June split: a lean closing count against the quickest median pace of the year."
Common questions about Springville this month
Is Springville a buyer's or seller's market in June 2026? ▾
The balance has shifted toward buyers. With 133 active listings and only 15 closings in June, there is far more supply than demand — a stark contrast to June 2025, when 38 homes closed against just 81 active listings. Buyers have more choices and more negotiating room than they have had in over a year, though well-priced homes in the $400,000–$700,000 range are still moving quickly.
Why did so few homes close in Springville in June 2026? ▾
Closings came in at 15, well below the prior 12-month average of 28 per month. Rising mortgage rates — the 30-year has climbed from 6.19% in February to 6.75% today — have reduced the number of buyers who can qualify or feel comfortable committing at current payment levels. The gap between the median list price ($529,000) and the median sale price of homes that did close ($470,000) also suggests some sellers are still pricing to last year's market, which is slowing deals.
Are homes in Springville selling above or below asking price right now? ▾
The average sale-to-list ratio for June closings was 100.83%, which sounds like sellers are winning — but the full picture is more nuanced. Of the 15 closings, 9 went below list price and only 2 went above. The above-average ratio was pulled up by a small number of competitively priced homes that attracted strong offers quickly. Most sellers are accepting less than their asking price.
How does Springville's inventory compare to nearby cities right now? ▾
Springville's active count of 133 homes represents a 64% increase from June 2025's 81 listings, a faster inventory build than many comparable Utah County cities. Buyers priced out of Provo or looking for more space than Orem's denser neighborhoods offer have more options in Springville right now, but that same inventory growth means sellers face more direct competition than they did a year ago.
What price range is moving fastest in Springville in June 2026? ▾
The $400,000–$700,000 band accounted for 10 of the 15 June closings, with a median days on market of just 7 days and a median sale price of $495,000. Homes under $400,000 also moved relatively quickly at a 5-day median, though only 4 closed. The one sale above $700,000 — a Cottages at Hobble Creek property — took 55 days, a reminder that the luxury end of Springville's market moves on a very different timeline.
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
16 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 10 · 25th percentile 0 · 75th percentile 23
Needed a price change
Sold listings that had a recorded price change before close
8 of 16 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. Cottages At Hobble Creek Mhd 1 sold · $1,630K · 55d
- 2. Crystal Springs 1 sold · $625K · 38d
- 3. Ashton 1 sold · $617K · 9d
- 4. Wild Horse 1 sold · $595K · 13d
- 5. The Grasslands 1 sold · $580K · 0d
June 2026 by property type
How each housing type performed last month — 13 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 16 | 38 | -57.89% | 153 | 165 | -7.27% |
| Median Sale Price | $469,500 | $476,700 | -1.51% | $469,131 | $499,634 | -6.11% |
| Median DOM | 10 | 36 | -72.22% | 30 | 36 | -16.67% |
| Sale-to-List Ratio | 100.83% | 99.50% | +1.34% | 99.36% | 99.02% | +0.34% |
Past months
Browse historical Springville 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.