Homes for Sale in Magna, Utah

Magna’s residential market remains attractive for buyers despite a modest uptick in mortgage rates. The median closed price of $429,900 is 15.7% lower than the Utah state median, but price momentum is solid, with a 6.0% month‑over‑month increase. Homes are moving quickly—averaging 69 days on market, which is 11.7% faster than the state average—and are selling at 99.2% of the list price, indicating strong buyer demand and limited price concessions. Single‑family homes dominate activity (66 sales, median $430K) while townhomes and condos are also seeing brisk sales, though inventory is higher with 48 active SFRs and 32 active townhomes/condos. On the macro side, the 30‑year mortgage rate has risen from 6.13% to 6.42% over the past month, marking a short‑term upward trend after a brief dip earlier in the six‑month period. Unemployment remains stable (Utah 3.6%, national 4.4%), and consumer sentiment is steady at an index of 56.4, supporting continued buyer confidence. Housing starts are climbing, and regional real‑estate sentiment remains near the mid‑50s, suggesting a balanced but slightly warm market environment. Buyers should act promptly to secure homes before inventory expands further, while keeping an eye on potential rate movements in the coming months.