84116 Home Values & Market Trends

There are 11 homes currently listed for 84116. 84116 real estate market trends show that home prices range from $245,000 to $750,000, and the median sales price in the 84116 zip code is $457,933.78. The total number of properties sold within the past twelve months is 336. In 84116, 10 properties are in foreclosure, 0 are bank owned properties,and 7 are headed for auction.

Housing Market Summary for 84116

Apr 2023March 2024Change
Median Listing Price$395K$414.3K4.89%
Median Sold Price$439.8K$414.3K-5.79%
Homes For Sale91011.11%
Homes Sold1961991.53%
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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 84116

The median list price of a home in Salt Lake City, is $457,933.78. A total of 11 properties are for sale, and the percentage of properties for sale in the zip code is 11.00%. The total count of 84116 properties is 7,021.

Foreclosure
There is 1 cities within 84116; within this cities, the median estimated home value for homes in foreclosure ranges from $9,262,550 in salt lake city to the lowest value of $216,885 in salt lake city. Foreclosure homes account for 0.00% of properties in 84116 with salt lake city containing 60 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.04% of all residential properties in 84116 with salt lake city containing 28 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 84116; of that cities, the estimated home value for pre-foreclosure homes ranges from $9,262,550 in salt lake city to the lowest home value of $300,110 in salt lake city.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 84116 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 84116. There is 1 cities within 84116; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    salt lake city has 28 auction properties, the highest number of properties going to auction in a single city in the state of 84116. Auction homes and other auction properties account for 0.10% of all properties in 84116. There is 1 cities within 84116; of that cities, the median estimated home value for homes going to auction ranges from $3,962,178 in salt lake city to the lowest value of $216,885 in salt lake city.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.16% of residential properties in 84116 with salt lake city containing 190 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 84116; homes for sale in that cities, have a range of median values from $3,160,651 in salt lake city to the lowest value of $227,000 in salt lake city.
    Sold Homes
    The median value for recently sold homes ranges from $13,351,657 in salt lake city to the lowest price of $43,652 in salt lake city. There is 1 cities within 84116. salt lake city has 3690 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.13% of properties in 84116.

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      Guide for 84116

      Market Reports
      Salt Lake City’s Real Estate Market Sees Average Property Values Drop in 2023-24
      gavel for real estate auction
      Home Buying Guides & Tips
      Utah Foreclosure Laws
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Market Reports
      Little Rock Real Estate: Climbing Property Values and Investment Potential – Market Report April 2024
      See More Articles
      Salt Lake City’s Real Estate Market Sees Average Property Values Drop in 2023-24
      Market Reports|posted 29 March 2024

      The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.

      gavel for real estate auction
      Utah Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Utah Foreclosure Laws

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Little Rock Real Estate: Climbing Property Values and Investment Potential – Market Report April 2024
      Market Reports|posted 8 April 2024

      The Little Rock real estate market has shown growth in average property values and prices per square foot between April 2023 and March 2024, indicating an investment-friendly environment.

      Recently Listed Homes 84116

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