Joel Carson

Salt Lake City, UT

Single-Family Homes

President / Principal Broker - Utah Real Estate



Salt Lake City, UT

Sat Nov 27 2021
This week the median list price for Salt Lake City, UT is $599,900 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has decreased to 378. Click here to stay informed with the Salt Lake City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Salt Lake City, UT

Sat Nov 27 2021
This week the median list price for Salt Lake City, UT is $599,900 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has decreased to 378. Click here to stay informed with the Salt Lake City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Salt Lake City market.
Median List Price $599,900
Median Price of New Listings $534,950
Per Square Foot $285
Average Days on Market 44
Median Days on Market 28
Price Decreased 39%
Price Increased 4%
Relisted 7%
Inventory 378
Median Rent $2,150
Market Action 66
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,396,997 4,310 0.25 - 0.5 acre 5 3 41 11 21 49
$700,000 2,444 8,000 - 10,000 sqft 4 2 68 24 25 14
$515,000 1,927 6,500 - 8,000 sqft 4 2 64 25 32 21
$384,999 1,444 6,500 - 8,000 sqft 3 2 70 28 35 21