Cedar City single-family in May, set against the same month a year ago. Iron County MLS data, the unvarnished read. The pace shifted this month, and the data shows exactly where.
Every figure below is Cedar City single-family residential for May 2025, set against May 2024. Same month, one year apart, so the comparison reflects the market and not the season.
Scope and source
Cedar City single-family residential. May 2025 compared to May 2024. Closed transactions only.
Based on information from the Iron County Board of REALTORS® Multiple Listing Service for the period 5/1/2025 through 5/31/2025.
Median sale price
$434,500 +4% YoY
Up modestly from $416,450 last May. The middle of the market held its level even as the shelf grew, a quiet but important signal.
Closed sales
64 +8%
Single-family homes closed in May, up from 59 a year ago. A solid monthly count, slightly above last spring’s pace.
Active inventory
338 +39% YoY
Homes available, up from 242 last May. Inventory pushed to one of the highest May counts in recent years.
Days on market
69 +9 days
Average days from list to under contract, up from 60 a year ago. Buyers had more to compare and used it.
New listings
114 +20%
New single-family listings hit the market in May, up from 95 a year ago. Sellers kept coming.
Percent of list price
99% Up 1 point
Sellers closed at about ninety-nine percent of list, a point firmer than last May. Across all residential, the average home traded roughly six thousand under its list price.
Average sale price
$475,473 +4% YoY
Up modestly from $457,016 last May. Average and median moved in step.
Under contract
48 -4%
Single-family homes that went under contract during the month, down from 50. The pipeline narrowed a touch even as more closed.
Sold dollar volume
$30.4M +12%
Total single-family dollar volume closed in May, up from $27.0M. Volume tracked sales and held steady against a richer mix.
The full picture
Every metric, May 2025 vs May 2024
Metric
May 2024
May 2025
Change
Median sale price
$416,450
$434,500
up 4%
Average sale price
$457,016
$475,473
up 4%
Closed sales
59
64
up 8%
Sold dollar volume
$27.0M
$30.4M
up 12%
Active inventory
242
338
up 39%
New listings
95
114
up 20%
Under contract
50
48
down 4%
Days on market (sold)
60
69
up 9 days
Days to close
100
105
up 5%
Avg days active listings sit
136
160
up 17%
Percent of list price
98%
99%
up 1 point
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.
Median price, year over year
May 2025 against May 2024, single-family median sale price.
Market at a glance
Spring kept climbing the shelf, but the days started to stretch.
The headline for May is the inventory line. Active single-family supply ran almost forty percent ahead of last May, the largest year-over-year jump in this metric I have tracked here. Sales picked up too, but only by a single-digit margin, and the median crept up just enough to call roughly flat. The widening gap shows up where it usually does first: in time on market.
Days on market for sold homes moved out about nine days from a year ago. Not dramatic, but consistent with what a full shelf does to buyer behavior. For the short read on where your home would price into this, my what is my home worth in Cedar City page is the fastest place to start.
What changed since last year
Supply ran ahead, demand kept pace, time stretched.
Inventory was the loudest number in May. Closed sales kept pace within single digits, the median held its line, and the percent-of-list actually firmed by one point. The one place the bigger shelf showed up was days on market, which lengthened by roughly fifteen percent over last May.
That pattern, supply growing faster than demand can absorb it in real time, is exactly when good listings start to outperform average ones by a clearer margin. The well-prepared home still sold close to list; the hopeful one started to sit.
If you are selling
When the shelf is this deep, week one is the whole game.
The launch window in May was unforgiving. With this many active listings on the board, a home that priced ambitiously without the prep to back it up landed in the second-tier rotation immediately. Buyers worked through the better-prepared options first. The longer the home sat, the more the price signal degraded.
May was the best month for buyers in a long stretch on one specific dimension: the ability to take a beat. The active count is broad, the days on market are honest, and a well-written offer with reasonable conditions carries more weight than it did a year ago.
Different pockets of town are running on different curves. A horse-property place out near Equestrian Pointe behaves differently than a home in Iron West. The buy before you sell calculator is the right starting place if you already own.
The season
Late spring, with SUU wrapping up.
May is when SUU’s spring semester closes out, and that pushes a wave of move-related decisions into the data. Families relocating to or out of Cedar City around the academic calendar, faculty leases turning over, and short-term rentals starting their summer ramp all shape the supply side. This year that calendar-driven supply met a buyer pool that absorbed it more slowly than the same window did last spring.
Looking ahead
June’s test is whether inventory keeps building.
If June’s new listings keep arriving at this pace, the shelf will be at a multi-year high before the summer peak. That would put real pressure on time-to-contract for the average listing. If new listings cool, the existing shelf has plenty of time to clear at current prices.
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