Salt Lake County, UT Home Values & Market Trends
The median home price in Salt Lake County, UT is $562,451.69. There were 13,042 home sales in Salt Lake County, UT over the past 12 months. The median residential Salt Lake County, UT home value for transactions over the previous year is $359,822.188. The number of current listings in Salt Lake County, UT is 491, and the percentage of properties for sale is 491.00%. The county has 135 foreclosures, 4 bank owned properties, 77 headed for auction, and 491 properties for sale.
Salt Lake County, UT Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Salt Lake City | $ 545,600 $ 447/sqft | West Valley City | $ 469,197 $ 386/sqft |
South Jordan | $ 573,277 $ 318/sqft | Riverton | $ 771,282 $ 370/sqft |
Sandy | $ 628,925 $ 419/sqft | Midvale | $ 488,750 $ 349/sqft |
Draper | $ 1,100,660 $ 407/sqft | Magna | $ 326,365 $ 324/sqft |
Herriman | $ 703,710 $ 340/sqft | Bingham Canyon | $ -- $ -- |
West Jordan | $ 503,741 $ 355/sqft |
Housing Market Summary for Salt Lake County, UT
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $630.7K | $537.5K | -14.77% |
Median Sold Price | $551.4K | $537.5K | -2.52% |
Homes For Sale | 475 | 437 | -8.00% |
Homes Sold | 8,311 | 8,243 | -0.82% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Salt Lake County, UT
Browse Homes in Salt Lake County, UT
Salt Lake County, UT home values range from $34,932 to $56,397,502. Draper is the priciest city with a median listing home price of $1,100,000, and Magna is most affordable with average house prices of around $369,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.02% of all residential properties in Salt Lake County, UT with Salt Lake City containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 11 cities within Salt Lake County, UT; of those cities, the estimated home value for pre-foreclosure homes ranges from $9,262,550 in Draper to the lowest home value of $365,750 in Salt Lake City.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salt Lake County, UT ranges from the highest value of $711,136 in Herriman to the lowest value of $369,845 in Salt Lake City. Bank owned homes and properties account for 0.00% of properties in Salt Lake County, UT. There are 11 cities within Salt Lake County, UT; Salt Lake City containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSalt Lake City has 30 auction properties, the highest number of properties going to auction in a single city in the state of Salt Lake County, UT. Auction homes and other auction properties account for 0.03% of all properties in Salt Lake County, UT. There are 11 cities within Salt Lake County, UT; of those cities, the median estimated home value for homes going to auction ranges from $3,962,178 in Draper to the lowest value of $216,885 in Draper.
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More Real Estate Resources for Salt Lake County, UT
Guide for Salt Lake County, UT
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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.