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Monthly Market Report

Cedar City housing market
May 2026

Here is what single-family homes actually did in Cedar City last month, with every number set against the same month a year ago so you are seeing real movement and not seasonal noise. I pull this straight from the Iron County MLS and give you the honest read, not the spin.

Cedar City single family, May 2026

The numbers,
year over year.

Every figure below is Cedar City single-family residential for May 2026, set against May 2025. Same month, one year apart, so the comparison reflects the market and not the season.

Scope and source

Cedar City single-family residential. May 2026 compared to May 2025. Closed transactions only.

Based on information from the Iron County Board of REALTORS® Multiple Listing Service for the period 5/1/2026 through 5/31/2026.

Median sale price
$507,495 16% YoY

Up from $434,500 in May 2025. A single month in a market this size swings on which homes happened to close, so read this alongside the trend, but the direction this spring is unmistakable.

Closed sales
71 +10%

Single-family homes closed in May, up from 64 a year ago. More homes are actually trading hands than last spring.

Active inventory
356 +5%

Homes available, modestly above last May's 338. Inventory is healthy without flooding, so buyers have choice and sellers still have leverage.

Days on market
54 15 days faster

Median days from list to under contract, down from 69 a year ago. Homes are selling faster than last spring, which is the clearest signal in this month's data.

New listings
105 7% YoY

New single-family listings hit the market in May, slightly under last May's 114. Sellers are listing, but demand is absorbing supply faster than it is arriving.

Percent of list price
99% Flat YoY

Sellers still closed at about ninety-nine percent of list. Across all residential, the average home sold roughly $12,000 under its list price. A correctly priced home leaves very little on the table.

Average sale price
$504,869 +6%

Up from $475,473 last May. The average sits just under the median this month, a sign the gains are broad rather than driven by a few outliers.

Under contract
67 +39%

Single-family homes under contract at month end, well above last May's 48. The pipeline of pending demand is the strongest signal of summer momentum.

Sold dollar volume
$35.8M +17%

Total single-family dollar volume closed in May, up from $30.4M. More homes sold and higher prices pushed total volume up sharply.

The full picture

Every metric, May 2026 vs May 2025

Metric May 2025 May 2026 Change
Median sale price $434,500 $507,495 up 16%
Average sale price $475,473 $504,869 up 6%
Closed sales 64 71 up 10%
Sold dollar volume $30.4M $35.8M up 17%
Active inventory 338 356 up 5%
New listings 114 105 down 7%
Under contract 48 67 up 39%
Days on market (sold) 69 54 down 21%
Days to close 105 93 down 11%
Avg days active listings sit 160 94 down 41%
Percent of list price 99% 99% flat
The picture

Cedar City, at a glance

Median sale price trend

Median single-family sale price by month. Each line is a year; the current year is highlighted in sky blue. Watch how prices move with the seasons and where this year sits against prior years.

$520k $455k $390k Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2026 2025
Median price, year over year

May 2026 against May 2025, single-family median sale price.

$434,500 May 2025 $507,495 May 2026
Market at a glance

Spring shifted into a higher gear.

Here is the one-sentence version of Cedar City in May: more homes sold, they sold faster, and they sold for more. All three moved in the same direction at once, and that is about as clean a signal as this market gives. Closed sales climbed over last May, the median jumped a meaningful amount, and the typical home went under contract noticeably quicker than it did a year ago.

This is what a spring market in full swing actually looks like. Inventory is up a touch from last May, but demand is absorbing it faster than it arrives, which is why homes are moving in less time even with more on the shelf. The well-prepared, correctly priced home is not just selling, it is selling promptly and close to ask. If you want the short read on where your home would land in a market this active, my what is my home worth in Cedar City page is the fastest place to start.

What changed since last year

The gains are broad, not a fluke of mix.

Set May 2026 next to May 2025 and almost every line points the right way. Prices are up, sales are up, and time on market is down. What makes this one credible rather than noisy is that the average sale price moved in step with the median, which tells you the strength is spread across the market and not driven by a handful of luxury closings dragging the middle around.

The single loudest number is time. Homes are going under contract meaningfully faster than they did a year ago, and the pending pipeline is well ahead of last May. That combination, quicker sales and a fuller queue of homes already under contract, is the clearest evidence that buyer demand has stepped up this spring. One month is still a data point rather than a trend, which is exactly why the trend chart above earns its place. But after April came in softer, May reasserting itself this firmly is worth paying attention to.

If you are selling

A fast market rewards the prepared, not the lucky.

When homes are selling quickly and prices are climbing, it is tempting to assume any listing will catch the wave. It will not. The homes closing fast and near ask are the ones that launched at the right number with real photography and a real plan, and captured the burst of attention every listing gets in its first two weeks. Speed in the broader market does not rescue an inflated price, it just means the overpriced home sits conspicuously still while everything around it moves.

So treat a strong market as the tailwind it is, not as a substitute for doing the work. A correctly priced, well-presented Cedar City home is closing close to list and quickly right now, and that is the whole opportunity. Nail the launch price, present the home properly, and the current pace of demand does the rest. See exactly how I take a Cedar City home to market on my sell your Cedar City home page, and let the season carry it.

Get your pricing band
If you are buying

Choice is real, but hesitation costs more now.

Here is the honest read for buyers this spring. Inventory is up a little from last year, so you do have homes to compare, and sellers are still landing right around ask rather than above it. That is the good news. The harder truth is that the well-priced, well-presented homes are moving faster than they were a year ago, so the luxury of sleeping on a great listing for a week is thinner than it was last spring. The market has not returned to bidding-war chaos, but it has clearly tightened.

The buyers winning here show up ready. A clean, fully prepared offer carries real weight when good homes are selling quickly, and that is exactly where coordinating your financing with your search pays off, which is a thing I handle directly. It is also worth deciding which part of town fits before you fall for a specific house, so the Cedar City neighborhoods guide is a smart first stop, and if there is new inventory coming that suits you, my new construction in Cedar City rundown tracks what is being built.

The season

This is the stretch the whole year builds toward.

May is Cedar City at full tilt. The spring listings that arrived in March and April are now meeting peak buyer demand, and the result is exactly what this month's numbers show: faster sales and a deep pile of homes under contract heading into summer. The SUU semester wrapping up frees families to move on their own timeline, and the busiest closing months, from late spring into early fall, are now directly in front of us. This is the part of the calendar Cedar City runs on every year.

So read May's quicker pace as the season doing its job. The pending pipeline is the tell: those under-contract homes become June and July closings, which is why momentum like this tends to carry forward rather than snap back. If a move is on your horizon, you are standing at the front of the strongest window of the year, not looking back at it. The question is whether your home is ready to ride it.

Looking ahead

Watch whether listings catch up to the demand.

Heading into the heart of summer, the number worth watching is the gap between new listings and buyer demand. New listings came in a touch below last May while homes under contract surged, and if that pattern holds, tight supply against eager buyers keeps upward pressure on prices through the closing season. If sellers respond to these prices by listing in greater numbers, the market gets healthier and more balanced. Either way, the pending pipeline this month all but guarantees a busy June and July of closings.

And here is the thing no city-wide number can do: tell you what your specific home is worth. A new build in Old Sorrel Ranch lives on a different curve than a 1990s ranch in Cross Hollow Hills or a bungalow within walking distance of SUU. The median is the weather. Your home is the day you actually have planned. For the number that matters, the next step is a real valuation.

Pricing your home

The market sets the range. Your home sets the number.

Everything on this page describes Cedar City as a whole, and no one sells the whole city. You sell one specific home on one specific street, which is where a city-wide median quietly stops being useful. Real pricing starts from current comparable sales near your address, then adjusts for condition, finishes, lot, and timing. To see where your home likely lands, start with my what is my home worth in Cedar City page, then a full home valuation turns that into a calibrated band instead of a guess.

Timing is the other half, even in a season where homes are moving quickly. If you are torn between listing now and waiting, the should I sell now or wait calculator runs the actual math, and the seller net sheet shows what you would truly pocket once costs come out. Nailing the price in week one is the single biggest lever you control, and these tools exist to help you pull it before you ever go live.

Cedar City neighborhoods

A median hides how different each pocket really is.

Cedar City is not one market, it is a dozen smaller ones stacked under a single ZIP code. A new build in Old Sorrel Ranch trades on a completely different curve than an established home in Cross Hollow Hills or a property out in Fiddlers Canyon. Each pocket has its own buyer, its own price band, and its own pace, and the city-wide figure at the top of this page averages all of them into a number that matches almost no individual house.

That is why the neighborhood lens matters whether you are buying or selling. I keep a detailed breakdown of every Cedar City area, what it offers, who it suits, and how it tends to price, on my Cedar City neighborhoods guide. If you already know your pocket, start there. If you are still deciding, it is the quickest way to understand how the parts of town genuinely differ before you anchor to a single listing.

Your next move

Selling is usually only half the move.

Most Cedar City sellers are not just selling, they are landing somewhere next, and the two halves go far smoother planned as one. If you are trading up for more space, my moving up in Cedar City guide covers sequencing the sale and the purchase so you are never stuck owning two homes or scrambling with none. If you are heading the other way and unlocking equity, the right-sizing in Cedar City page walks through doing it without leaving money on the table.

New construction is worth a look in either direction, since Cedar City has genuine inventory coming online. My new construction in Cedar City guide breaks down the active communities and the builders behind them. And when you are ready to list, the full story of how I take a Cedar City home to market lives on my sell your Cedar City home page. Whichever direction you are headed, I can quarterback both sides of it at once.

What is your Cedar City home worth in this market?

The data above is the market. Your home is specific. Start with a free valuation and get an honest pricing band for your exact home in your exact Cedar City pocket. No pressure, no signup wall, no marketing list.

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