Altos Market Data for Realtors
Salt Lake City, UT
Single-Family Homes
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Salt Lake City, UT
Fri Oct 11 2024
This week the median list price for Salt Lake City, UT is $645,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has increased to 764.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $645,000 | |
| Median Price of New Listings | $550,000 | |
| Per Square Foot | $308 | |
| Average Days on Market | 70 | |
| Median Days on Market | 42 | |
| Price Decreased | 52% | |
| Price Increased | 2% | |
| Relisted | 7% | |
| Inventory | 764 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,799,000 | 4,772 | 0.25 - 0.5 acre | 5 | 3 | 40 | 20 | 17 | 63 |
| $795,000 | 2,598 | 8,000 - 10,000 sqft | 4 | 2 | 66 | 30 | 23 | 42 |
| $555,000 | 2,064 | 6,500 - 8,000 sqft | 4 | 2 | 62 | 39 | 22 | 35 |
| $435,000 | 1,560 | 6,500 - 8,000 sqft | 3 | 1 | 68 | 44 | 33 | 35 |