Utah Housing Market Update:
March 2026 Diagnosis
Rates are rising. Inventory is up. Buyers have more leverage than any point since 2019. Here's what the data actually says — and what it means for your next move.
Dr. David R. Haws
Utah's "Dr. of Real Estate" · Realty ONE Group Signature
Key Market Indicators
$533,118
Statewide Avg Home Value
Year-over-year · Zillow, Feb 2026
$515,000
Davis County Median Price
Year-over-year · Redfin, Feb 2026
$676,526
Farmington Avg Home Value
Year-over-year · Zillow, Jan 2026
6.22%
30-Year Mortgage Rate
Week-over-week · Freddie Mac, Mar 19 2026
46 days
Days to Pending (Statewide)
Year-over-year · Zillow, Feb 2026
1,929
Active Listings (Statewide)
Year-over-year · Ames Team Utah, Mar 2026
🩺Dr. Haws' Market Diagnosis
The Diagnosis
Utah's housing market in March 2026 is in a state of 'controlled tension.' Prices are holding — even rising in pockets like Farmington (+4.1%) and Centerville (+5.8%) — but homes are taking significantly longer to sell. The median days on market jumped 50% year-over-year. That's not a crash. That's a market recalibrating after years of frenzy.
For Sellers
Pricing right the first time has never mattered more. Overpriced homes are sitting 63+ days in Farmington (Realtor.com data). Homes priced at or slightly below market value are still moving in under 3 weeks. The days of listing $50K over and getting it are over — for now.
For Buyers
This is the best buyer market since 2019. Inventory is up 8.2% statewide. Pending sales are up 11.8% — meaning other buyers know this too. The window is open, but it won't stay open. With rates at 6.22% and VA loans at 5.75%, your purchasing power is real.
The Opportunity
Centerville is the sleeper pick of 2026. Up 5.8% YoY, still $130K below Farmington, 20-minute commute to SLC, and Viewmont High is one of Davis County's top schools. If you're a buyer who missed Farmington's run-up, Centerville is where Farmington was 4 years ago.
Davis & Weber County — City-by-City Prices
| City | Median Price | YoY Change |
|---|---|---|
| FarmingtonHOT | $676,526 | +4.1% |
| Kaysville | $620,000 | +2.8% |
| Bountiful | $580,000 | +1.5% |
| CentervilleHOT | $545,000 | +5.8% |
| Layton | $512,450 | +0.5% |
| Syracuse | $498,000 | +3.2% |
| Roy | $425,000 | +1.1% |
| West Haven | $465,000 | +2.4% |
The Rate Reality — What 6.22% Actually Means
30-Year Fixed (Conventional)
6.22%
$2,067/mo
On $400K loan
Freddie Mac, Mar 19
30-Year VA Loan
5.75%
$1,934/mo
On $400K loan, $0 down
Fortune, Mar 11
30-Year FHA Loan
5.91%
$1,965/mo
On $400K loan, 3.5% down
Fortune, Mar 11
Dr. Haws' take: VA loan rates at 5.75% are the best deal in the market right now. If you're active duty, a veteran, or a surviving spouse — and you're not using your VA benefit — you're leaving real money on the table. On a $400K home, that's $133/month cheaper than conventional. Over 30 years, that's $47,880.
What Should You Do Right Now?
If you're a BUYER
- Get pre-approved this week — rates are rising and inventory won't last
- Look at Centerville and Syracuse — best value per sq ft in Davis County
- VA loan eligible? Call Dr. Haws before you talk to any lender
- Don't wait for rates to drop — buy now, refinance later
If you're a SELLER
- Price at market value, not last year's comps — the market has shifted
- Invest in professional photos and staging — homes with photos sell 32% faster
- List in April/May — historically the highest buyer activity window in Utah
- Get a free CMA from Dr. Haws before you pick a price
Get Dr. Haws' Personal Take on Your Situation
Free 15-minute call. No pressure. Just a diagnosis of where you stand in this market.