November 2026 Market Update: Salt Lake & Utah County Real Estate Trends

This is our November 2026 market update for the Wasatch Front, covering October 2026 closed sales and listing activity across Salt Lake County and Utah County. We look at median prices, inventory levels, days on market, and new listing trends for both counties, then drill into city-level breakdowns for Draper, South Jordan, Sandy, and Herriman. Every figure below is an approximation drawn from public market data and MLS-informed sources, and numbers vary by source, data vintage, property-type mix, and price segment, so read them as a directional guide rather than a precise accounting.

Salt Lake County: The Numbers

Salt Lake County's median home price came in near $563,900 on Redfin's three-month rolling reading through September 2026, up roughly 0.7% year over year, with listing-based readings running higher, near $570,000 and up, depending on the source and the property-type mix. The honest summary is that county-level prices have been essentially flat for the better part of a year. October county-level sale medians were still rolling out from the multiple listing service as this was written, so the most current full readings remain the September and early-October figures cited below.

Inventory: Building Steadily Toward Balance

Active listings in Salt Lake County stand at about 3,600 on the Realtor.com/FRED count for October 2026, up from roughly 3,529 in September, while the Wasatch Front MLS showed about 4,125 active residential listings at the start of October and the Utah Association of Realtors September update put inventory at 3,675, up 16.1% year over year. However it is measured, the trend is the same: supply is up meaningfully from a year ago and still below the roughly 4 to 6 months that defines a balanced market. Months of supply runs about 3.5 to 3.7 depending on the source and the absorption window used. Single-family homes stay tighter, while condos and townhomes carry more inventory and give buyers noticeably more room.

Days on Market and New Listings

Median days on market in Salt Lake County lands between the mid-40s and high-50s depending on the source: Redfin's three-month average reads near 46 days, slightly faster than the 48 days it reported a year earlier, while the Realtor.com/FRED listing-based reading was 58 days in September. New listing activity remains healthy, with about 1,472 new listings added in September per the Utah Association of Realtors local market update, though that pace has eased slightly from summer's roughly 1,600-plus-per-month run. Well-priced, well-presented homes in desirable neighborhoods still move quickly, while overpriced or dated listings sit until the price resets.

Year-over-Year Comparison: Salt Lake County

Notes: Year-ago figures are our best reconstruction from published county data and vary by source; current readings span a range depending on methodology and property-type mix. Sources referenced include Redfin, Realtor.com/FRED, the Utah Association of Realtors Local Market Update, and Salt Lake Board of Realtors and Wasatch Front MLS reporting.

Utah County: The Numbers

Utah County's median sale price reads near $528,800 on Redfin's September 2026 reading, up roughly 5.5% year over year, with the rolling three-month median near $548,000, while Realtor.com's September median listing price sits near $569,950, essentially flat against the $567,750 it reported a year earlier. The spread between sale and listing medians measures different things at different moments, and the two sources pull from different methodologies. The trend that matters: Utah County prices have stabilized into steady, single-digit growth after several volatile years.

Utah County: Closest to Balance on the Wasatch Front

Months of supply sits near 4.0 countywide, with active listings around 2,900 on the Realtor.com/FRED count for late September, up about 2.9% year over year, and some aggregators showing higher counts depending on how they count new construction and pending inventory. That puts Utah County essentially at the doorstep of a balanced market. Days on market averages near 41 days on Redfin's measure and runs higher, near 64 days, on Realtor.com's listing-based reading, up from about 59 a year earlier. New listing volume cooled to about 888 listings in September, down 12.3% year over year, as builders and sellers eased into the seasonal slowdown.

Year-over-Year Comparison: Utah County

Notes: Approximations from published public data; sources vary in coverage and methodology. Sources: Redfin, Realtor.com/FRED via provo.com and firsthomeutah.com, the Utah Association of Realtors, and MLS-informed market reports.

City-by-City Breakdown: Draper, South Jordan, Sandy & Herriman

County averages hide a lot, so here we break out four cities we work in every day. The table below compiles October 2026 closed-sales snapshots as reported by public market trackers and MLS-informed sources. Figures are approximate, vary by source and by ZIP coverage, and shift with the property-type mix in any given month, so use them to compare, not to price a specific home. In a small-sample month, one or two luxury closings can swing a citywide median sharply, and October medians in Draper and Sandy ran well below their September readings for exactly that reason. Your agent can pull precise figures for your exact street or community from the multiple listing service.

Draper

Draper's October closed-sales median comes in near $700,000, down roughly 16.4% year over year on the MLS-informed snapshot, with a median of about 51 days on market, up 28 days year over year, a sale-to-list ratio near 96.7%, and roughly 35 closings in the month, down 3 from a year earlier. That October median is well below the roughly $905,000 September reading, and the gap is mostly a mix-of-sales effect: October closings skewed toward the valley floor and attached product rather than the bench, SunCrest, and luxury segments that pushed September's number up. Public trackers disagree on Draper more than any of these four cities, with Redfin's rolling three-month reading running near $799,000 or higher, so ask for a segment-level read of the bench versus the valley floor rather than a single citywide number.

South Jordan

South Jordan's October closed-sales median lands near $597,800, down roughly 6.4% year over year on the MLS-informed snapshot, with a median of about 39 days on market and a sale-to-list ratio near 98.8%; roughly 66 homes closed in the month, down 22 year over year. Daybreak's resale market behaves differently from the rest of the city, and attached product in either area turns faster and at different price points, so expect the citywide figure to blend several distinct micro-markets. South Jordan remains one of the more balanced and predictable markets on the Wasatch Front.

Sandy

Sandy shows an October closed-sales median near $579,900, down roughly 10.4% year over year on the MLS-informed snapshot, with a median of about 37 days on market, up 17 days year over year, and a sale-to-list ratio near 98.3%; roughly 61 closings were recorded in the month, down 34 year over year. Like Draper, Sandy's October median ran well below its September reading near $713,000, again driven by the mix of what actually closed: fewer east-bench and upper-tier sales and more entry and attached product. Redfin's rolling three-month figure runs near $660,000. The higher days-on-market reading says buyers have real time to compare, and the 98.3% sale-to-list ratio says negotiation room exists in this segment.

Herriman

Herriman's October closed-sales median comes in near $560,000, down roughly 11.0% year over year on the MLS-informed snapshot, with a median of about 52 days on market, up 9 days year over year, a sale-to-list ratio near 99.7%, and roughly 71 homes closed in the month, down 27 year over year. The near-perfect sale-to-list ratio is the standout: in the resale market, Herriman buyers are paying essentially full asking on homes that price right, even as the median price has cooled from 2025 levels. New construction is a big part of this market, and subdivision-by-subdivision differences in spec home pricing and builder incentives are often larger than the citywide trend, so watch new-home inventory separately if you are shopping both resale and new builds.

Notable Shifts & What They Mean

New Listings Trends

New listings eased into the seasonal slowdown. Salt Lake County added about 1,472 new listings in September per the Utah Association of Realtors, and Utah County added roughly 888, down 12.3% year over year. Builders are still adding supply across the southern Wasatch Front corridor, especially the master-planned communities in Herriman, South Jordan, Saratoga Springs, and Vineyard, so the holiday months will almost certainly bring more choices, not fewer, even as individual resale listings slow down.

Interest Rates and Affordability

The average 30-year fixed mortgage rate stood at 7.18% for the week ending November 5, 2026, per Freddie Mac, down for a third consecutive week from 7.24%, and roughly a full percentage point above the 6.22% it averaged in early November 2025. Other surveys cluster in the same low-to-mid 7% band, with Bankrate near 7.26%. Rates near three-year highs continue to cool affordability at every price point, which is part of why October sales volume ran below year-ago levels. Rate buydowns, adjustable-rate products, and builder incentives remain the tools that bridge the gap between a buyer's monthly budget and the payment they qualify for.

Opportunities for Buyers

If you have been waiting for leverage, the late-2026 market is delivering it in measurable amounts. Here is where the opportunities are concentrated:

• Negotiating room in Utah County. At roughly 4 months of supply with listing-based days on market in the 60s, buyers in Lehi, Saratoga Springs, Vineyard, and surrounding corridors can negotiate price, ask for closing-cost concessions, and include inspections and contingencies that were hard to get two years ago.
• Attached homes anywhere. Condos and townhomes carry the most inventory in both counties, and October's lower citywide medians partly reflect that attached product is closing in volume. First-time buyers and downsizers in particular are finding the most flexibility in this segment.
• Time to be thorough. With days on market stretching into the 40s and 50s in most markets, and the sale-to-list ratios at 96.7% to 99.7%, you can tour, compare, negotiate, and sleep on it. The 24-hour decision window is well in the past.
• New construction incentives. Builders are using rate buydowns, closing-cost credits, and free upgrades as standard tools to keep new inventory moving, and those concessions matter even more now that rates sit in the low-to-mid 7s.

Opportunities for Sellers

Selling into late 2026 requires a different playbook than 2021, and the rewards go to the sellers who execute it:

• Price with precision. The October sale-to-list ratios above, 96.7% to 99.7% depending on the city, say the same thing: buyers are paying close to list when the list is right, and homes priced a bit high sit until the price resets, which costs the seller marketing time and leverage.
• Lean into presentation. In a market with real inventory, the best-prepared home in its price band still wins showings and offers. Staging, photography, and small fixes are the difference between three weeks and two months on market.
• Understand your micro-market. A SunCrest bench home in Draper, a resale in Daybreak, a ranch-style in Sandy's central blocks, and a new-build side-by-side in Herriman are four completely different markets with different timelines and strategies. That is exactly why we start work with hyperlocal data.
• Your equity is real. Owners who bought before 2021 hold substantial equity in nearly every part of the Wasatch Front. Even in a normalizing market, that equity can fund a move up, a downsizing, or a relocation, and your next home purchase comes with more leverage now than it has in years.

Looking Ahead: Late 2026 & the Holidays

Here is what we are watching through the rest of the year:

1. The seasonal cooldown. November and December typically bring the year's quietest weeks as holidays and weather slow showings. Expect fewer closings, longer days on market in the upper tiers, and sellers who are serious about moving before year-end to compete harder on price.
2. Rates near three-year highs, easing slightly. The 30-year fixed at 7.18% after three straight weekly declines is still roughly a full point above year-ago levels. A meaningful drop would pull buyers and existing homeowners off the sideline quickly and could tighten conditions again; flat or higher rates keep the gradual normalization on track.
3. The new construction pipeline. Buildout continues at Terraine in West Jordan, Olympia and Panorama in Herriman, new phases at Daybreak, The Point's early work in Draper, and Utah City's first phases in Vineyard. Watch absorption, not just announcements.
4. Jobs and migration. The Silicon Slopes corridor, healthcare, and construction keep the region's economy growing, and the Wasatch Front is still the state's population magnet. Those fundamentals put a floor under values even while the market cools.

The bottom line: late 2026 is the most balanced, the healthiest, and the most predictable Wasatch Front market in half a decade. Buyers have choices and negotiating room, especially in Utah County, the attached segments, and the higher price points, and sellers who price smart and prepare their home will find that a well-run home still commands close to full asking.

Data, Sources & How We Hedge

All figures in this article are approximations. Published home prices and market metrics for the same county or city often differ because sources use different data samplings, define property types and ZIP coverage differently, and release at different times. City-level medians are particularly sensitive to the mix of what closed in a single month, which is why October readings in Draper and Sandy diverge so sharply from September. Figures cited here reflect October 2026 closed sales and late-2026 readings where noted, drawn from public market data including Redfin, Realtor.com/FRED (St. Louis Fed), the Utah Association of Realtors Local Market Update, Wasatch Front Regional MLS reporting via bestutahrealestate.com, and Salt Lake Board of Realtors reporting. Mortgage rate figures come from the Freddie Mac Primary Mortgage Market Survey and Bankrate. Figures are rounded and should be verified against a licensed local agent and current MLS data before making decisions.