September 2026 Single Family Market Update

📊 September 2026 Single-Family Market Overview

September's numbers show a continued slowdown in single-family home sales, even as median home prices remain slightly higher than last year. Homes are taking longer to sell, overall residential inventory is increasing, and buyers appear to have more negotiating opportunities.

🏠 Homes Sold

2,237 single-family homes sold in September 2026, compared with 2,480 last September.

• Down 243 homes

• 9.80% decrease year-over-year

This decline shows that fewer buyers are completing purchases compared to the same time last year. Although homes are still selling, the pace of activity has slowed.

Interestingly, the year-over-year decline is smaller than August's 13.93% decrease, suggesting that the annual sales gap narrowed somewhat in September.

⏳ Median Days on Market

The median single-family home took 44 days to sell, compared with 43 days in August.

• Increase of 1 day

• Up 2.33% month-over-month

Homes are continuing to spend more time on the market, although the increase was relatively small this month. Buyers generally have more time to evaluate their options, while sellers may need to be more patient.

💰 Pricing Trends

The median sold price was $591,000, compared with $579,900 last September.

• Increase of $11,100

• Up 1.91% year-over-year

• Median price per square foot: $230.48

Despite fewer sales and longer market times, median single-family home prices are still increasing year-over-year.

This suggests that home values are holding up relatively well, even as market activity slows.

It's also worth noting that the median price increased from $577,845 in August to $591,000 in September, a month-over-month increase of approximately 2.28%. However, this doesn't necessarily mean individual homes appreciated that much in one month, since changes in the types and sizes of homes sold can influence the median.

📦 Residential Inventory

There were 14,997 active residential listings, compared with 13,610 last September.

• Increase of 1,387 listings

• Up 10.19% year-over-year

• This figure includes all residential property types, not just single-family homes.

The increase in available inventory gives buyers more choices and creates additional competition among sellers.

With fewer homes selling and more properties available, sellers may need to pay closer attention to pricing, condition, and marketing to stand out.

🔍 Market Review

The most interesting takeaway from September is that home prices are rising even as sales activity declines and inventory grows.

Single-family home sales are down 9.80% year-over-year, while overall residential inventory has increased 10.19%. At the same time, median days on market increased 2.33% from August.

Despite these signs of a slower market, the median single-family sold price is up 1.91% year-over-year.

Comparing August to September reveals several important developments:

• Sales activity improved relative to last year's pace: August sales were down 13.93% year-over-year, compared with September's 9.80% decline.

• Market times continued increasing: Median Days on Market rose from 43 to 44 days, a smaller increase than August's four-day jump.

• Median prices increased: August's median was $577,845, compared with $591,000 in September.

• Overall inventory continued growing: Active residential listings increased from 14,701 in August to 14,997 in September.

For buyers, the combination of more inventory and longer market times may provide additional negotiating opportunities. However, rising median prices indicate that desirable, well-priced homes can still command strong prices.

For sellers, the market is becoming more competitive, but the data doesn't suggest that home values are broadly collapsing. Sellers who price their homes appropriately and present them well may still be positioned for a successful sale.

Bottom Line

September 2026 shows a slower but relatively resilient single-family housing market, with sales down 9.80% year-over-year, median days on market up 2.33% from August, and overall residential inventory up 10.19%. Despite fewer transactions and more competition among sellers, the median single-family sold price increased 1.91% year-over-year to $591,000. These numbers suggest that buyers are gaining more choices and potential negotiating power, while home prices continue to hold steady or increase modestly rather than experience significant declines.