Question 1

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

Accepted Answer

As of November 2026, the median home price in Magna, Utah is $430,000, which is 17.3% below the Utah state median of $520,000. Home prices in Magna range from $239,900 to $899,900, with an average sale price of $435,712. 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 balanced market. Key indicators include an average sale-to-list price ratio of 99.4% and homes spending an average of 62 days on the market. Magna’s median home price is roughly $90 k (‑17%) below the Utah median, while homes sell faster (62 days vs 70) and at near‑list prices.

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 70 days (10.8% below 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 November 2026, there are 117 active homes for sale in Magna, Utah with 137 new listings added recently. In the most recent reporting period, 82 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 137 new listings recently added to the market, with prices starting from $239,900. 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 $430,000.

Question 6

How does Magna compare to the Utah state average?

Accepted Answer

Magna home prices are 17.3% below the Utah state median of $520,000, with a local median of $430,000. Homes sell faster than the state average — 62 days in Magna vs 70 days statewide (10.8% below average). The sale-to-list ratio is 99.4% locally vs 98.5% 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 $430,000, compared to the statewide median of $520,000 — a difference of $90,000 (-17.3%). 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

Yes, homes in Magna sell faster than the Utah average. The average days on market in Magna is 62 days, compared to 70 days statewide (10.8% below average). This faster pace signals strong buyer demand in the area. Overall, Magna is currently a balanced market.

Question 9

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

Accepted Answer

Home prices in Magna, Utah have increased by 3.7% over the past year. The median sale price went from $405,000 to $420,000. This moderate appreciation is consistent with steady market fundamentals. 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 heating up, with prices up 3.7% year-over-year and days on market decreasing by 35.0%. Overall, it is a balanced market. Magna’s median home price is roughly $90 k (‑17%) below the Utah median, while homes sell faster (62 days vs 70) and at near‑list prices. 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 October 2025, the median home sale price in Magna, Utah was $405,000. Today, the median is $420,000, representing a change of +3.7% ($15,000 increase). During that same period, the average days on market went from 70 to 46 days.

Question 12

What is the current market outlook for Magna, Utah?

Accepted Answer

Magna’s residential market is currently anchored by a median closed price of $430,000, which is 17% lower than the Utah state median of $520,000. Prices have slipped 2.3% from the previous month, and the market is moving at a brisk pace—homes spend an average of 62 days on market, ten percent faster than the state average, and sellers are achieving 99.4% of list prices. Single‑family homes dominate activity, with 59 sales at a median of $460,000 (a 7% year‑over‑year increase), while townhomes and condos posted a modest median of $389,900, essentially flat YoY. Inventory remains modest (70 active SFRs, 47 townhomes/condos) and under‑contract listings are limited, keeping pressure on buyers despite the price dip.

The broader economic backdrop is tightening. Over the last six months, the 30‑year mortgage rate has climbed from 6.41% to 7.34%, the steepest rise in the period, while the 15‑year rate also moved up to 6.67%. Unemployment is stable (Utah 3.6%, US ~4.2%), and consumer sentiment has held steady, but real‑estate sentiment indices have slipped (Utah RE Sentiment down to 58). These macro trends, combined with the modest price decline and faster sales, suggest a balanced market that is beginning to cool, offering buyers a slightly more favorable negotiating environment without a dramatic shift in overall demand. Magna is currently a balanced market. Magna’s median home price is roughly $90 k (‑17%) below the Utah median, while homes sell faster (62 days vs 70) and at near‑list prices.

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 fell 2.3% month‑over‑month, signaling modest buyer pull‑back.. 30‑year mortgage rates have risen sharply from 6.41% to 7.34% over the past six months, pressuring affordability.. Single‑family homes remain the dominant segment, with 59 sales and a median price of $460 k, up 7% YoY.. Sale‑to‑list ratio stays high at 99.4%, indicating sellers are still achieving close to asking prices.. Inventory is moderate: 70 active SFR listings and 47 townhome/condo listings, but under‑contract numbers are low, suggesting a slight supply‑demand imbalance.. 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 $239,900 to $899,900, with a median price of $430,000. The standard deviation is $102,047, 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 $460,000 (+7.0% YoY), while townhomes/condos are $389,900 (-0.5% YoY). SFRs sell in 29 days vs 51 days for condos. Single-family homes are appreciating faster. 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 $228. The average home size is 1,989 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 7.34% and Utah's unemployment rate is 3.6%. Magna is currently a balanced market. Prices are rising at 3.7% 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.

Homes for Sale in Magna, Utah

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Internet & Connectivity in Magna

K-8 & Elementary Schools

Copper Hills School

Elk Run Elementary

Entheos Academy Magna

Lake Ridge School

Magna STEAM Academy

Pleasant Green School

Scott M Matheson Jr High

High Schools

Cyprus High

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Magna Real Estate FAQ

Frequently Asked Questions About Magna Real Estate