$200,000
4502 E Wyndom Ct Unit 509
Salt Lake City, UT
Land2.29 acres
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Compass Real Estate · Salt Lake City, UT
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Salt Lake City, UT Housing Market
Seller's market-0.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Salt Lake City, UT is worth $572,003, held roughly flat 0.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $580,075, -2.5% year over year (through May 2026). With 2.6 months of supply and homes going under contract in about 27 days, Salt Lake City is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $572,003 home is about $3,054/mo in principal and interest.
Key numbers for Salt Lake City, UT
Typical home value
$572,003
-0.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,603/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$580,075
-2.5% year over year
Redfin, through May 2026
Days on market
27
Average pace
Redfin, through May 2026
Active listings
576
2.6 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$74,925
Home costs 7.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.6%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Salt Lake City a buyer's or seller's market?
Seller's market2.6 months of supply27 days on market99.6% of asking
Salt Lake City, UT is a seller's market, based on 2.6 months of supply and homes selling in about 27 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Salt Lake City housing market data show?
Every row below is Redfin's final published month for Salt Lake City, UT. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $580,075 |
| Median list price | $600,000 |
| Year-over-year price change | -2.5% |
| Median price per sq ft | $373/sq ft |
| Median days on market | 27 days |
| Active inventory | 576 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.6% |
| Homes sold (that month) | 218 |
| New listings (that month) | 284 |
| Listings with a price cut | 35.9% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Salt Lake City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Salt Lake City is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Salt Lake City home prices moved?
Over the last three years the median sale price in Salt Lake City, UT fell 3.3%, from $599,750 to $580,075. The live Zillow value series has held roughly flat 0.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 35.9% of Salt Lake City listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.6 months while the sale-to-list ratio slips below its current 99.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Salt Lake City?
Priced off the typical home value of $572,003 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $114,401 | $457,602 | $3,054/mo |
| 5% | $28,600 | $543,403 | $3,626/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,054, that implies roughly $130,871 a year before you add taxes and insurance. The median household in Salt Lake City earns $74,925, about $55,946 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Salt Lake City in the next 12 months?
Tell us your timeline. We send the Salt Lake City market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Salt Lake City?
Typical asking rent in Salt Lake City, UT is $1,603/mo, against a typical home value of $572,003. That is a price-to-rent ratio of 29.7x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $3,054 a month — $1,451 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Salt Lake City?
Active listings in Salt Lake City, UT went from 584 in May 2025 to 576 in May 2026, a -1.4% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 641 | 261 |
| July 2025 | 622 | 215 |
| August 2025 | 602 | 194 |
| September 2025 | 614 | 214 |
| October 2025 | 626 | 222 |
| November 2025 | 551 | 115 |
| December 2025 | 434 | 87 |
| January 2026 | 392 | 145 |
| February 2026 | 405 | 174 |
| March 2026 | 437 | 244 |
| April 2026 | 549 | 346 |
| May 2026 | 576 | 284 |
Redfin, through May 2026
How does Salt Lake City compare to Utah and the U.S.?
Salt Lake City homes sell for $580,075 — 4% above the Utah median of $560,200. Against the national median of $410,700, Salt Lake City runs 41% higher. Year-over-year, Salt Lake City moved -2.5% against Utah's -0.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Salt Lake City, UT | $580,075 | -2.5% | 27 days |
| Utah statewide | $560,200 | -0.5% | 41 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Salt Lake City
What buyers should watch
- Months of supply, currently 2.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 35.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $573 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $572,003 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Salt Lake City listing goes under contract in 27 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Salt Lake City added 284 new listings against 218 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Salt Lake City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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.
$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
$489,000
858 E Elm Ave
Salt Lake City, UT
1 bd1 ba1,188 sqft$412/ft²
House4,356 sqft lot
View photos & details
$510,000
4815 W 4955 S
Salt Lake City, UT
4 bd3 ba1,605 sqft$318/ft²
House6,970 sqft lot
View photos & details
$575,000
1410 S 300 E
Salt Lake City, UT
2 bd2 ba1,140 sqft$504/ft²
House6,534 sqft lot
View photos & details
$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
$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
$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
$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
$779,900
1924 E 2100 S
Salt Lake City, UT
4 bd2 ba2,516 sqft$310/ft²
House9,583 sqft lot
View photos & details
$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
$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?
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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%
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. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $694,000 | $375/sq ft | 144 | 18 days |
| Condo / co-op | $387,000 | $374/sq ft | 54 | 49 days |
| Townhouse | $590,075 | $339/sq ft | 12 | 27 days |
Who lives in Salt Lake City?
American Community Survey estimates for Salt Lake City. U.S. Census ACS, 2023
Population
203,888
Households
88,932
Median income
$74,925/yr
Median age
33 years
Owner-occupied
46.8%
Median home value
$495,700
Median gross rent
$1,343/mo
Mean commute
19.6 min
46.8% of occupied homes in Salt Lake City are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $495,700 against Zillow's $572,003 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,343/mo, below Zillow's $1,603/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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
Brighton High
Grades 8-12 · 2,393 students
Olympus High
Grades 9-12 · 2,167 students
Skyline High
Grades 7-12 · 2,125 students
Highland High
Grades 9-12 · 2,009 students
East High
Grades 9-12 · 1,863 students
Cottonwood High
Grades 9-12 · 1,495 students
Utah Connections Academy
Grades K-12 · 947 students
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?
Ordered by distance from Salt Lake City, not by size. Compare Salt Lake City side by side with any of them.
Salt Lake City housing market FAQ
Is Salt Lake City a buyer's or seller's market?
Salt Lake City, UT is currently a seller's market. That read comes from 2.6 months of supply, homes going under contract in about 27 days, and sellers getting 99.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Salt Lake City?
The typical home in Salt Lake City, UT is worth $572,003 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $580,075, about $373 per square foot.
Is Salt Lake City cheaper than the rest of Utah?
Salt Lake City's median sale price of $580,075 is 4% higher than the Utah statewide median of $560,200, and 41% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Salt Lake City?
Homes in Salt Lake City, UT spent a median of 27 days on market before going under contract, versus 41 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Salt Lake City?
At the current 30-year fixed rate of 7.03%, 20% down on a $572,003 home is about $3,054 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $130,871 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $74,925.
Are home prices rising in Salt Lake City?
The typical home value in Salt Lake City, UT held roughly flat 0.2% over the last 12 months, from $572,969 to $572,003 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Salt Lake City?
Salt Lake City ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Salt Lake City?
That depends on your timeline, not on a headline. What the data says today: Salt Lake City, UT is a seller's market with 2.6 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 29.7x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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