Name: Magna Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Magna, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Magna, Utah is $444,900, which is 15.3% below the Utah state median of $525,000. Home prices in Magna range from $249,900 to $765,000, with an average sale price of $442,054. These figures are based on recent closed transactions in the Magna real estate market.

Question 2

Is Magna, Utah a buyer's or seller's market?

Accepted Answer

Magna, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 99.8% and homes spending an average of 62 days on the market. Magna’s median home price of $444,900 is about 15% lower than the Utah median of $525,000, with slightly longer days on market and a higher inventory, making it a more buyer‑friendly market than the state overall.

Question 3

How long do homes stay on the market in Magna?

Accepted Answer

Homes in Magna, Utah spend an average of 62 days on the market before going under contract compared to the Utah state average of 61 days (1.5% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Magna, Utah?

Accepted Answer

As of July 2026, there are 89 active homes for sale in Magna, Utah with 173 new listings added recently. In the most recent reporting period, 104 transactions closed in Magna. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Magna, Utah?

Accepted Answer

Yes — Magna currently has 173 new listings recently added to the market, with prices starting from $249,900. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Magna is $444,900.

Question 6

How does Magna compare to the Utah state average?

Accepted Answer

Magna home prices are 15.3% below the Utah state median of $525,000, with a local median of $444,900. Homes sell slower than the state average — 62 days in Magna vs 61 days statewide (1.5% above average). The sale-to-list ratio is 99.8% locally vs 99.0% statewide.

Question 7

Are homes in Magna more expensive than the Utah average?

Accepted Answer

No, homes in Magna are more affordable than the Utah state average. The median home price in Magna is $444,900, compared to the statewide median of $525,000 — a difference of $80,100 (-15.3%). This makes Magna an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Magna than the rest of Utah?

Accepted Answer

No, homes in Magna take longer to sell than the Utah average. The average days on market in Magna is 62 days, compared to 61 days statewide (1.5% above average). Buyers in Magna have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered cooling.

Question 9

How have home prices changed in Magna over the past year?

Accepted Answer

Home prices in Magna, Utah have remained flat by 0.0% over the past year. The median sale price went from $450,000 to $450,000. This slight correction may create buying opportunities for prospective homeowners. Check the Magna market trends section above for detailed charts.

Question 10

Is the Magna housing market heating up or cooling down?

Accepted Answer

The Magna housing market is currently showing mixed signals, with prices down 0.0% year-over-year and days on market increasing by 260.0%. The market temperature is rated "cooling" based on current conditions. Magna’s median home price of $444,900 is about 15% lower than the Utah median of $525,000, with slightly longer days on market and a higher inventory, making it a more buyer‑friendly market than the state overall. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Magna home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Magna, Utah was $450,000. Today, the median is $450,000, representing a change of 0.0% (Contact for Price decrease). During that same period, the average days on market went from 38 to 137 days.

Question 12

What is the current market outlook for Magna, Utah?

Accepted Answer

Magna’s residential market is currently in a cooling phase. Prices have slipped 2.2% month‑over‑month and single‑family home values are 9% lower than a year ago, while the median price sits $80k below the Utah average. The supply side is strong, with 174 new listings and only 104 transactions in the past three months, resulting in an average of 62 days on market—slightly longer than the state norm. Sale‑to‑list ratios remain near 100%, suggesting that while buyers have more choices, sellers are still able to achieve list prices.

On the macro side, mortgage rates have been inching upward, moving from 6.11% in January to 6.46% in July, which modestly raises monthly housing costs and dampens demand. Unemployment remains stable (U.S. 4.2%, Utah 3.6%) and consumer sentiment is flat, so the broader economy isn’t providing a strong boost to buying activity. Recent statewide news about rising mortgage rates and a new affordable‑housing project in nearby Lehi underscores the tightening financing environment but also hints at added supply in the region. For buyers in Magna, the combination of lower prices, ample inventory, and modestly higher financing costs creates a favorable window to negotiate, though they should budget for the slightly higher mortgage payments. The market temperature is rated "cooling." Magna’s median home price of $444,900 is about 15% lower than the Utah median of $525,000, with slightly longer days on market and a higher inventory, making it a more buyer‑friendly market than the state overall.

Question 13

What are the key highlights of the Magna housing market?

Accepted Answer

Key highlights of the Magna, Utah housing market include: Median price is $444,900, down 2.2% month‑over‑month and 9% YoY for single‑family homes.. Inventory is robust: 174 new listings in the last three months versus 104 closed sales, pushing the average DOM to 62 days (state avg 61).. Sale‑to‑list ratio remains near parity at 99.8%, indicating sellers are receiving close to asking price despite price declines.. 30‑year mortgage rates have crept up from 6.11% in January to 6.46% in July, adding roughly $100 to the monthly payment on a $400k loan.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Magna, Utah?

Accepted Answer

Homes in Magna, Utah range from $249,900 to $765,000, with a median price of $444,900. The standard deviation is $92,925, indicating relatively consistent pricing across the area. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

How do Magna schools compare to the state average?

Accepted Answer

Of the 8 schools in Magna, 0 (0%) are rated as high-performing and 0 have strong academics indicators. Families should research individual school ratings on our Magna schools page for detailed performance breakdowns.

Question 16

What is the internet quality in Magna, Utah?

Accepted Answer

Magna has an average broadband download speed of 8924 Mbps and 97% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Google Fiber, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.8 provider options.

Question 17

Are single-family homes or condos a better investment in Magna?

Accepted Answer

In Magna, single-family homes have a median price of $455,000 (-9.0% YoY), while townhomes/condos are $399,500 (-7.1% YoY). SFRs sell in 26 days vs 54 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 18

What is the price per square foot in Magna?

Accepted Answer

The median price per square foot in Magna, Utah is $236. The average home size is 1,970 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 19

Is now a good time to buy a home in Magna, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.46% and Utah's unemployment rate is 3.6%, with Magna's market rated as "cooling." Prices are stabilizing at 0.0% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 20

When is the best time to buy a home in Magna?

Accepted Answer

Historically, June offers the most new listings in Magna, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Magna

$370,000

$390,000

$388,900

$255,000

$285,000

$249,990

$249,900

$429,900

$459,000

$399,000

$584,000

$459,000

Deals & Lifestyle in Magna

$370,000

$390,000

$388,900

$255,000

$285,000

$249,990

$249,900

$399,000

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$505,000

$508,900

$419,900

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$584,000

$459,000

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$699,900

$505,000

$525,000

$765,000

$505,000

$602,080

$522,400

$439,000

$389,900

$451,500

Highlights in Magna

$1,599,999

$474,900

$494,830

$434,999

$471,250

$551,995

$625,000

$459,900

$499,900

$412,000

$485,000

$519,000

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$594,900

$453,000

$279,900

$443,579

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$455,000

$568,160

$602,080

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$439,500

$584,000

$459,000

$699,900

$439,500

$380,900

$517,000

$555,000

$415,839