Salt Lake City, UT Home Values & Market Trends
Real estate market trends reflect that there have been 5,468 transactions over the past year in Salt Lake City. The median value for residential home transactions that occurred over the previous year is $595,057.95. The number of current listings in Salt Lake City is 230, and the percentage of properties for sale in the city is 230.00%. Salt Lake City, UT currently has 57 properties in foreclosure, 4 bank owned properties, 29 properties headed for auction, and 230 properties for sale.
Salt Lake City, UT Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 84121 | $ 758,634 $ 477/sqft | 84116 | $ 413,120 $ 392/sqft |
| 84103 | $ 585,478 $ 494/sqft | 84105 | $ 748,894 $ 394/sqft |
| 84106 | $ 550,891 $ 455/sqft | 84101 | $ 568,095 $ 407/sqft |
| 84107 | $ 493,216 $ 340/sqft | 84109 | $ 1,150,576 $ 668/sqft |
| 84115 | $ 499,756 $ 473/sqft | 84104 | $ 429,000 $ 348/sqft |
| 84124 | $ 890,034 $ 698/sqft | 84113 | $ -- $ -- |
| 84102 | $ 419,419 $ 423/sqft | 84148 | $ -- $ -- |
| 84117 | $ 711,390 $ 422/sqft | 84150 | $ -- $ -- |
| 84111 | $ 560,046 $ 596/sqft | 84138 | $ -- $ -- |
| 84129 | $ 491,073 $ 362/sqft | 84199 | $ -- $ -- |
| 84123 | $ 411,280 $ 395/sqft | 84112 | $ -- $ -- |
| 84108 | $ 894,825 $ 554/sqft | 84143 | $ -- $ -- |
| 84118 | $ 390,405 $ 368/sqft |
Housing Market Summary for Salt Lake City, UT
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $636K | $563.7K | -11.37% |
| Median Sold Price | $582.9K | $563.7K | -3.30% |
| Homes For Sale | 186 | 200 | 7.53% |
| Homes Sold | 3,297 | 3,453 | 4.73% |
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 $34,932 to $56,397,502. The median estimated value of a home in Salt Lake City is $595,057.95. The median list price of a home is 599,450, and the total count of properties in the city is 115,751.
- Pre-ForeclosurePre-foreclosure homes account for 0.02% of all residential properties in Salt Lake City, UT with 84118 containing 4 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 $642,007 in 84124 to the lowest home value of $263,773 in 84121.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salt Lake City, UT ranges from the highest value of $369,845 in 84117 to the lowest value of $280,211 in 84107. 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.
- Auctions84116 has 7 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 0.03% 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 $517,592 in 84124 to the lowest value of $216,885 in 84124.
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More Real Estate Resources for Salt Lake City, UT
Guide for Salt Lake City, 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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.