Salt Lake City, UT Home Values & Market Trends
Real estate market trends reflect that there have been 5,053 transactions over the past year in Salt Lake City. The median value for residential home transactions that occurred over the previous year is $582,863.73. The number of current listings in Salt Lake City is 310, and the percentage of properties for sale in the city is 54.48%. Salt Lake City, UT currently has 259 properties in foreclosure, 2 bank owned properties, 41 properties headed for auction, and 310 properties for sale.
Salt Lake City, UT Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 84121 | $ 719,723 $ 444/sqft | 84103 | $ 637,961 $ 416/sqft |
| 84106 | $ 657,300 $ 483/sqft | 84115 | $ 386,707 $ 337/sqft |
| 84117 | $ 544,500 $ 406/sqft | 84116 | $ 435,806 $ 313/sqft |
| 84107 | $ 495,000 $ 358/sqft | 84129 | $ 463,876 $ 403/sqft |
| 84105 | $ 668,098 $ 592/sqft | 84123 | $ 480,269 $ 426/sqft |
| 84118 | $ 437,914 $ 377/sqft | 84104 | $ 470,250 $ 493/sqft |
| 84102 | $ 494,901 $ 457/sqft | 84101 | $ 474,276 $ 445/sqft |
| 84108 | $ 801,847 $ 605/sqft | 84111 | $ 356,400 $ 466/sqft |
| 84109 | $ 849,512 $ 546/sqft | ||
| 84124 | $ 789,703 $ 574/sqft |
Housing Market Summary for Salt Lake City, UT
| Sep 2022 | September 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $609.5K | $575.7K | -5.54% |
| Median Sold Price | $591.4K | $575.7K | -2.65% |
| Homes For Sale | 314 | 310 | -1.27% |
| Homes Sold | 5,394 | 4,309 | -20.11% |
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 City, UT
Browse Homes in Salt Lake City, UT
Salt Lake City home values range from $89,012 to $13,845,269. The median estimated value of a home in Salt Lake City is $582,863.73. The median list price of a home is 623,100, and the total count of properties in the city is 115,771.
- Pre-ForeclosurePre-foreclosure homes account for 0.19% of all residential properties in Salt Lake City, UT with 84118 containing 60 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 18 zips within Salt Lake City, UT; of those zips, the estimated home value for pre-foreclosure homes ranges from $6,852,854 in 84124 to the lowest home value of $194,149 in 84103.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salt Lake City, UT ranges from the highest value of $763,349 in 84117 to the lowest value of $350,000 in 84104. Bank owned homes and properties account for 0.00% of properties in Salt Lake City, UT. There are 18 zips within Salt Lake City, UT; 84117 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions84118 has 10 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 0.04% of all properties in Salt Lake City, UT. There are 18 zips within Salt Lake City, UT; of those zips, the median estimated home value for homes going to auction ranges from $1,431,283 in 84109 to the lowest value of $312,583 in 84109.
