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Sarah Mitchell

CNESRESABR

Compass Real Estate · Salt Lake City, UT

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Salt Lake City, UT(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Salt Lake City, UT Housing Market & Real Estate

Seller's market-2.5% YoY

Housing market overview · Updated monthly ·

$580,075median sale price

How is the Salt Lake City, UT housing market right now?

The median home sale price in Salt Lake City, UT is $580,075, down 2.5% year-over-year. Homes sell in an average of 27 days with 576 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Salt Lake City a buyer's or seller's market?

Seller's market2.6 months of supply27 avg. days on market

Salt Lake City, UT is currently a seller's market, based on 2.6 months of supply and homes selling in about 27 days. How we determine this →

Homes sold

218

Last 12 weeks

Days on market

27

Average pace

Active listings

576

2.6 months supply

Sale-to-list

99.6%

Below asking

What does the Salt Lake City housing market data show?

Current housing market statistics for Salt Lake City, UT
MetricValue
Median sale price$580,075
Median list price$600,000
Year-over-year price change-2.5%
Average days on market27 days
Active inventory576 listings
Months of supply2.6 months
Sale-to-list price ratio99.6%
Median price per sq ft$373/sq ft
Homes sold (latest month)218
New listings (latest month)284
Listings with a price cut35.9%
Market conditionSeller's market

Source: Redfin · Updated monthly

How much do homes cost in Salt Lake City by property type?

How the Salt Lake City, UT market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Salt Lake City, UT
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$694,000$375/sq ft14418 days
Condo / Co-op$387,000$374/sq ft5449 days
Townhouse$590,075$339/sq ft1227 days

Source: Redfin · Updated monthly

The Salt Lake City housing market is currently classified as a seller's market with a median sale price of $580,075. Prices have fallen 2.5% compared to last year, with homes spending an average of 27 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.7x provides context for how home values compare to local earning capacity.

Homes for sale in Salt Lake City

There are currently 576 homes listed for sale in Salt Lake City, Utah. The median listing price is $600K. Featured listings range from $200,000 to $950,000.

land for sale at 4502 E Wyndom Ct Unit 509 Salt Lake City - $200,000
$200,000

4502 E Wyndom Ct Unit 509

Salt Lake City, UT

Land2.29 acres
View photos & details
2 bedroom condo for sale at 190 E Belmont Ave Apt 6 Salt Lake City - $375,000
$375,000

190 E Belmont Ave Apt 6

Salt Lake City, UT

2 bd2 ba1,050 sqft$357/ft²
Condo436 sqft lot
View photos & details
1 bedroom house for sale at 858 E Elm Ave Salt Lake City - $489,000
$489,000

858 E Elm Ave

Salt Lake City, UT

1 bd1 ba1,188 sqft$412/ft²
House4,356 sqft lot
View photos & details
4 bedroom house for sale at 4815 W 4955 S Salt Lake City - $510,000
$510,000

4815 W 4955 S

Salt Lake City, UT

4 bd3 ba1,605 sqft$318/ft²
House6,970 sqft lot
View photos & details
2 bedroom house for sale at 1410 S 300 E Salt Lake City - $575,000
$575,000

1410 S 300 E

Salt Lake City, UT

2 bd2 ba1,140 sqft$504/ft²
House6,534 sqft lot
View photos & details
5 bedroom townhouse for sale at 1364 E Old Maple Ct S Salt Lake City - $580,000
$580,000

1364 E Old Maple Ct S

Salt Lake City, UT

5 bd4 ba2,705 sqft$214/ft²
Townhouse436 sqft lot
View photos & details
2 bedroom condo for sale at 123 E 2nd Ave Apt P2 Salt Lake City - $625,000
$625,000

123 E 2nd Ave Apt P2

Salt Lake City, UT

2 bd2 ba1,110 sqft$563/ft²
Condo436 sqft lot
View photos & details
4 bedroom house for sale at 1225 E Zenith Ave S Salt Lake City - $629,900
$629,900

1225 E Zenith Ave S

Salt Lake City, UT

4 bd2 ba1,624 sqft$388/ft²
House8,712 sqft lot
View photos & details
5 bedroom house for sale at 6516 S Apple Creek Ct W Salt Lake City - $648,950
$648,950

6516 S Apple Creek Ct W

Salt Lake City, UT

5 bd3 ba3,090 sqft$210/ft²
House8,276 sqft lot
View photos & details
4 bedroom house for sale at 1924 E 2100 S Salt Lake City - $779,900
$779,900

1924 E 2100 S

Salt Lake City, UT

4 bd2 ba2,516 sqft$310/ft²
House9,583 sqft lot
View photos & details
3 bedroom house for sale at 943 S McClelland St E Salt Lake City - $899,900
$899,900

943 S McClelland St E

Salt Lake City, UT

3 bd2 ba1,927 sqft$467/ft²
House5,227 sqft lot
View photos & details
4 bedroom house for sale at 2023 E 1700 S Salt Lake City - $950,000
$950,000

2023 E 1700 S

Salt Lake City, UT

4 bd2 ba2,332 sqft$407/ft²
House10,890 sqft lot
View photos & details

Looking to buy in Salt Lake City?

Get connected with a local real estate expert — free, no obligation.

Active listings

576

Homes on market

Median list price

$600K

Avg. days on market

27

Days until sale

New this week

284

Newly listed

Price drops:35.9%of listings
Sale-to-list:99.6%

Who lives in Salt Lake City?

Population

203,888

Median income

$74,925/yr

Median age

33 years

Owner-occupied

46.8%

College grads

50.9%

Avg commute

19.6 min

Source: U.S. Census Bureau ACS

What are homes worth in Salt Lake City?

Zillow home value

$580,299

Zillow rent index

$1,629/mo

Price-to-rent ratio

29.7x

Price-to-income

7.7x

Source: Zillow Research

What is it like to live in Salt Lake City?

Salt Lake City is a community of approximately 204K residents with a median age of 33 years.The median household income is $74,925, which represents a working-class community with solid middle-income opportunities. 50.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 46.8%, showing a blend of owner and renter-occupied properties. The average commute time is 19.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Salt Lake City offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Salt Lake City?

50 schools tracked · 39,197 students

The largest public schools serving Salt Lake City, UT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

West High

Grades 7-12 · 2,505 students

Public

Brighton High

Grades 8-12 · 2,393 students

Public

Olympus High

Grades 9-12 · 2,167 students

Public

Skyline High

Grades 7-12 · 2,125 students

Public

Highland High

Grades 9-12 · 2,009 students

Public

East High

Grades 9-12 · 1,863 students

Public

Cottonwood High

Grades 9-12 · 1,495 students

Public

Utah Connections Academy

Grades K-12 · 947 students

Charter

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Salt Lake City, UT?

Want a head-to-head view? Compare Salt Lake City side-by-side with any other U.S. city using our market-comparison tool.

Is Salt Lake City a good real estate investment market?

For investors evaluating Salt Lake City, the price-to-rent ratio of 29.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Salt Lake City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Salt Lake City's median home price.

Frequently asked questions

What is the average home price in Salt Lake City?

The median home sale price in Salt Lake City is $580,075, down 2.5% from last year.

How long do homes stay on market in Salt Lake City?

Homes typically spend 27 days on market before going under contract.

What is the median income in Salt Lake City?

The median household income is $74,925 per year.

Is Salt Lake City a buyer's or seller's market?

With 2.6 months of supply, Salt Lake City is currently a seller's market.

How many homes are for sale in Salt Lake City?

There are currently 576 homes listed for sale in Salt Lake City, UT.

What is the Zillow home value estimate for Salt Lake City?

The Zillow Home Value Index (ZHVI) for Salt Lake City is $580,299, representing the typical home value in the area.

What is the median condo price in Salt Lake City?

The median condo/co-op sale price in Salt Lake City, UT is $387,000, compared to $694,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Salt Lake City?

The median single-family home price in Salt Lake City, UT is $694,000 (about $375 per square foot).

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