7 Signs Your Draper Home Is Priced Too High
Two homes in Suncrest went on the market around the same time. Both were about 3,700 square feet. One on Aspen Grove Court sold in 7 days at full price. One on Silkwood Court sat for 94 days and sold for $736,100, well under what it first asked. Same neighborhood. Similar size. Very different result. I looked at every sale in Draper 84020 through September 13, 2026, and that gap shows up again and again. Here are 7 signs your price is working against you.
1. You are past day 23 and have no offer
The typical home in Draper sold in 23 days. That is the middle of 241 sales. If you are well past that and still waiting, the market has already voted. Buyers are not skipping your home because they missed it. They saw it and moved on. The price is the most likely reason.
2. Your home has been dropped from the search
Right now, 66.1% of the 171 homes for sale in Draper have already dropped their price. The typical cut is $50,000. That is not a small adjustment. That is a signal that the first price was too high and buyers knew it. If you have not dropped yet but you are sitting, you are in the same spot those sellers were before they cut.
3. Every month you wait costs you more than a month
Homes that sold in the first month got 100% of what they first asked. Homes that took two months got 94.9%. Homes that took four months got 92.3%. The longer a home sits, the more a seller gives up. And that is before you count the extra mortgage payments, taxes and upkeep while you wait. The price you hold out for is not the price you end up with.
4. Your price is above $1M and you have been sitting
Homes priced between $1M and $1.4M had 20% give up without a sale. Homes priced at $1.4M and up had 21.3% give up. That is roughly 1 in 5 at those price points. Compare that to $600K to $750K, where only 12.1% gave up. The higher the price, the thinner the pool of buyers, and the less room there is for error on price.
5. You are asking $40,000 more than homes that actually sold
The typical first asking price of homes that gave up, meaning they came off the market with no sale and never came back, was $859,950. The typical first asking price of homes that sold was $819,900. That $40,050 gap is what overpricing looks like in this market. Buyers can see every comparable sale. They know when a price does not fit.
6. The market has slowed since spring and your price has not moved
From March to June 2026, the typical home sold in 15 days and sellers got 99.2% of their first price. From June to September 2026, the typical home took 42 days and sellers got 96.6%. The market shifted. Homes listed at spring prices in a summer market are the ones sitting right now. A price that was right in April may be wrong today.
7. No bidding war has happened in Draper in 97 days
The last home that sold 3% or more over its asking price went under contract on June 8, on Pepi Band Road. In the 97 days since, 86 lived-in homes went under contract and not one of them sparked a bidding war. There were only 6 bidding wars in this entire file of 241 sales. If you are pricing with the idea that buyers will compete their way up to your number, the data says that is not happening here right now.
- You are past day 23 with no offer. The typical Draper home sold in 23 days.
- Two-thirds of homes for sale already cut their price. The typical cut is $50,000.
- Every month of waiting costs sellers more. Four-month sales got only 92.3% of the first price.
What to do if most of these fit your home
If you are selling, the number to focus on is 97.5%. That is what the typical sold home got compared to its first asking price, across all 241 sales. Sellers who priced right from the start got close to every dollar. Sellers who waited and cut got less, often much less. A price drop after 60 days does not reset the clock. Buyers remember how long a home has been sitting, and they offer accordingly. The move is to price it right before it goes live, not after it goes stale.
If you are buying, 52 homes gave up without a sale and are not on the market right now. Some of those sellers will try again. When a home comes back after a long break, it often comes back at a lower price and with a seller who is ready to move. Keep an eye on relisted homes. The ones that sat for 90 days or more the first time are worth a close look, because the seller has already learned what the market thinks of their price.
How does your home compare to the 23-day sellers?
Tell me your address and I will send you your home's value today measured against what actually sold in Draper, including how long those homes sat and what they gave up. That tells you where your price should land before you list, or before you make an offer.
Call or text me · (512) 555-0134- My market data, every listing in Draper 84020, as of September 13, 2026