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Featured local agent — Magna, UT
Sarah Mitchell
Compass Real Estate · Magna, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Magna, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Magna, UT housing market right now?
The median home sale price in Magna, UT is $450,000, down 6.8% year-over-year. Homes sell in an average of 20 days with 110 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Magna a buyer's or seller's market?
Magna, UT is currently a seller's market, based on 3.0 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
37
Last 12 weeks
Days on market
20
Fast-moving
Active listings
110
3.0 months supply
Sale-to-list
100.4%
Above asking
What does the Magna housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $460,000 |
| Year-over-year price change | -6.8% |
| Average days on market | 20 days |
| Active inventory | 110 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $239/sq ft |
| Homes sold (latest month) | 37 |
| New listings (latest month) | 45 |
| Listings with a price cut | 25.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Magna by property type?
How the Magna, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $453,575 | $238/sq ft | 30 | 17 days |
| Condo / Co-op | $270,000 | $244/sq ft | 2 | 67 days |
| Townhouse | $385,900 | $278/sq ft | 5 | 39 days |
Source: Redfin · Updated monthly
The Magna housing market is currently classified as a seller's market with a median sale price of $450,000. Prices have fallen 6.8% compared to last year, with homes spending an average of 20 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Magna
There are currently 110 homes listed for sale in Magna, Utah. The median listing price is $460K.
Active listings
110
Homes on market
Median list price
$460K
Avg. days on market
20
Days until sale
New this week
45
Newly listed
What are homes worth in Magna?
Zillow home value
$445,265
Zillow rent index
$1,657/mo
Price-to-rent ratio
22.4x
Source: Zillow Research
Which public schools serve Magna?
8 schools tracked · 6,871 students
The largest public schools serving Magna, UT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cyprus High
Grades 9-12 · 2,772 students
Scott M Matheson Jr High
Grades 7-8 · 1,063 students
Elk Run Elementary
Grades PK-6 · 679 students
Magna School
Grades PK-6 · 554 students
Entheos Academy Magna
Grades K-9 · 495 students
Pleasant Green School
Grades PK-6 · 475 students
Copper Hills School
Grades PK-6 · 435 students
Lake Ridge School
Grades PK-6 · 398 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Magna, UT?
Want a head-to-head view? Compare Magna side-by-side with any other U.S. city using our market-comparison tool.
Is Magna a good real estate investment market?
For investors evaluating Magna, the price-to-rent ratio of 22.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Magna's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Magna's median home price.
Frequently asked questions
What is the average home price in Magna?
The median home sale price in Magna is $450,000, down 6.8% from last year.
How long do homes stay on market in Magna?
Homes typically spend 20 days on market before going under contract.
Is Magna a buyer's or seller's market?
With 3.0 months of supply, Magna is currently a seller's market.
What is the Zillow home value estimate for Magna?
The Zillow Home Value Index (ZHVI) for Magna is $445,265, representing the typical home value in the area.
What is the median condo price in Magna?
The median condo/co-op sale price in Magna, UT is $270,000, compared to $453,575 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Magna?
The median single-family home price in Magna, UT is $453,575 (about $238 per square foot).
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