Mortgage rates rose slightly over the past month, single-family prices in Utah County are holding, and the attached market — townhomes and condos — is the one place buyers have real leverage right now.
+0.11 pts since Aug 20
+5.3% vs. a year ago
96.8% of original list price
closings −31.0% vs. a year ago
Rates
View as a table
| Week of | Rate |
|---|---|
| Jun 4, 2026 | 6.48% |
| Jun 11, 2026 | 6.52% |
| Jun 18, 2026 | 6.47% |
| Jun 25, 2026 | 6.49% |
| Jul 2, 2026 | 6.43% |
| Jul 9, 2026 | 6.49% |
| Jul 16, 2026 | 6.55% |
| Jul 23, 2026 | 6.58% |
| Jul 30, 2026 | 6.66% |
| Aug 6, 2026 | 6.69% |
| Aug 13, 2026 | 6.67% |
| Aug 20, 2026 | 6.65% |
| Aug 27, 2026 | 6.66% |
| Sep 3, 2026 | 6.71% |
| Sep 10, 2026 | 6.76% |
The Freddie Mac 30-year fixed average was 6.76% on September 10, up from 6.65% on August 20. That is a small move. On a $535,000 home with 10% down, the difference is about $32 a month in principal and interest.
It is not the number that decides whether you can afford a home. The builder incentive you are offered, and whether it is a permanent or a temporary buydown, moves your payment far more than a tenth of a point ever will.
Prices and pace
Utah County's median sale price across all home types was $534,950 in July, up 5.3% from July 2025, on 920 closed sales — essentially flat year over year. Year to date, closings are up 1.8%. The statewide median was $525,000, up 1.1%, so Utah County is outrunning the state on price.
August tells a slower story. Fewer single-family homes closed than a year ago, and more are sitting on the market. That is what a slightly higher rate does in a slow month. Prices didn't fall, but sellers are giving up about 3% off their first asking price to get to closing.
- Median sale price
- $534,950 (+5.3%)
- Closed sales
- 920 (−0.4%)
- Closed sales, year to date
- +1.8%
- Statewide median
- $525,000 (+1.1%)
Townhomes and condos
This is the story. The August median for attached homes was $406,500, basically flat from a year ago, but days on market stretched to 85 and closings were down 31%. Attached inventory is moving slowly.
If you are buying a townhome, you are one of fewer buyers competing for it, and the seller has likely already sat through a price reduction. Ask for concessions. If you are selling one, price it right the first week, because the market is not forgiving a high opening number right now.
View as a table
| August 2026 | Single-family | Townhomes & condos |
|---|---|---|
| Median sale price | $613,600 (+2.3%) | $406,500 (+0.4%) |
| Days on market | 54 | 85 |
| Closed sales vs. a year ago | −23.5% | −31.0% |
| Sold price as % of original list | 96.8% | 96.7% |
| Active listings | 2,244 (+6.8%) | — |
Builder price cuts
61 new-construction homes we track dropped in price in the last 28 days. Biggest cut $125,010, typical cut $15,000. Most of them: Eagle Mountain (13), Heber City (10), Saratoga Springs (7), Santaquin (6), Salem (4).
−$18,000
−$10,000
−$100,000Builder-direct homes only, from the builders we track — not MLS listings. Prices as posted by each builder; a cut compares today’s price with the price four weeks ago. Payments are estimates at the current market rate (6.71%), 5% down, with taxes, insurance, PMI, and any HOA — an incentive can change what you actually pay. As of Sep 12.
What to do with this
If you’re buying
- If you are buying new construction, the advertised payment is still a teaser. Run the complete number — taxes, insurance, HOA, and the rate after the buydown expires — before you fall in love with a floor plan.
- If you are buying resale, the negotiating room is real, especially on attached homes.
If you’re selling
- The county numbers say buyers are still there, but they are choosier and slower than last spring.
- On a townhome or condo, the first week's price matters more than ever. Price to the market, not to the neighbor who listed in April.
Sources
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US) — Weekly; latest observation September 10, 2026.
- Utah Association of Realtors, Local Market Updates by County — July 2026 — Published August 10, 2026. Median price and closed sales, all property types.
- UtahRealEstate.com Monthly Local Market Update — August 2026, Utah County — Single-family and attached figures. Published to MLS members monthly; the Utah Association of Realtors posts the county PDF mid-month.
Payment math assumes 10% down, 30-year fixed, principal and interest only. Median prices do not account for seller concessions. Utah is a non-disclosure state; no individual sale price appears on this page.