Salt Lake City, UT Home Values & Market Trends

Real estate market trends reflect that there have been 5,399 transactions over the past year in Salt Lake City. The median value for residential home transactions that occurred over the previous year is $569,803.33. The number of current listings in Salt Lake City is 189, and the percentage of properties for sale in the city is 189.00%. Salt Lake City, UT currently has 34 properties in foreclosure, 3 bank owned properties, 24 properties headed for auction, and 189 properties for sale.

Salt Lake City, UT Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
84121

$ 725,000

$ 485/sqft

84118

$ 432,972

$ 365/sqft

84115

$ 460,670

$ 473/sqft

84101

$ 736,168

$ 389/sqft

84107

$ 451,924

$ 393/sqft

84109

$ 821,387

$ 595/sqft

84106

$ 485,169

$ 402/sqft

84111

$ 439,950

$ 447/sqft

84102

$ 500,000

$ 427/sqft

84108

$ 579,999

$ 906/sqft

84103

$ 658,804

$ 425/sqft

84113

$ --

$ --

84129

$ 388,000

$ 335/sqft

84148

$ --

$ --

84123

$ 314,000

$ 391/sqft

84150

$ --

$ --

84117

$ 785,000

$ 542/sqft

84138

$ --

$ --

84105

$ 1,081,000

$ 579/sqft

84199

$ --

$ --

84124

$ 787,500

$ 616/sqft

84112

$ --

$ --

84116

$ 417,035

$ 368/sqft

84143

$ --

$ --

84104

$ 408,897

$ 359/sqft

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Housing Market Summary for Salt Lake City, UT

Mar 2023February 2024Change
Median Listing Price$649.5K$571.3K-12.04%
Median Sold Price$587.7K$571.3K-2.80%
Homes For Sale13417429.85%
Homes Sold3,4413,95715.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Salt Lake City, UT

Salt Lake City home values range from $35,107 to $53,792,739. The median estimated value of a home in Salt Lake City is $569,803.33. The median list price of a home is 535,000, and the total count of properties in the city is 115,752.

Foreclosure
There are 25 zips within Salt Lake City, UT; within these zips, the median estimated home value for homes in foreclosure ranges from $1,743,851 in 84116 to the lowest value of $214,325 in 84116. Foreclosure homes account for 0.00% of properties in Salt Lake City, UT with 84118 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Salt Lake City, UT with 84124 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 25 zips within Salt Lake City, UT; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,743,851 in 84124 to the lowest home value of $309,005 in 84102.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Salt Lake City, UT ranges from the highest value of $359,170 in 84117 to the lowest value of $359,170 in 84104. Bank owned homes and properties account for 0.00% of properties in Salt Lake City, UT. There are 25 zips within Salt Lake City, UT; 84104 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    84118 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Salt Lake City, UT. Auction homes and other auction properties account for 0.02% of all properties in Salt Lake City, UT. There are 25 zips within Salt Lake City, UT; of those zips, the median estimated home value for homes going to auction ranges from $541,649 in 84124 to the lowest value of $214,325 in 84124.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.16% of residential properties in Salt Lake City, UT with 84121 containing 30 homes for sale, the highest number of listed properties in a single zip. There are 25 zips within Salt Lake City, UT; homes for sale in those zips, have a range of median values from $2,101,660 in 84109 to the lowest value of $211,360 in 84116.
    Sold Homes
    The median value for recently sold homes ranges from $3,522,429 in 84108 to the lowest price of $45,039 in 84108. There are 25 zips within Salt Lake City, UT. 84121 has 418 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.25% of properties in Salt Lake City, UT.

      Compare Nearby Cities

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      Guide for Salt Lake City, UT

      gavel for real estate auction
      Home Buying Guides & Tips
      Utah Foreclosure Laws
      Wholesale
      4 Tips on How To Buy a House Wholesale
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      California
      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      See More Articles
      gavel for real estate auction
      Utah Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Utah Foreclosure Laws

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.