Utah Real Estate Market Report
Salt Lake City, UT
Single-Family Homes
Joel Carson | Principal Broker | Realtor® | Utah Real Estate Lic.# 5450582-PB00
Salt Lake City, UT
Fri May 01 2026
This week the median list price for Salt Lake City, UT is $700,000 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has increased to 547.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $700,000 | |
| Median Price of New Listings | $650,000 | |
| Per Square Foot | $326 | |
| Average Days on Market | 71 | |
| Median Days on Market | 35 | |
| Price Decreased | 38% | |
| Price Increased | 1% | |
| Relisted | 6% | |
| Inventory | 547 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Despite this week’s down tic, the price trend remains upward for the last few weeks. We’re within sight of the market peak and a persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,850,000 | 4,496 | 0.25 - 0.5 acre | 5 | 4 | 47 | 18 | 12 | 42 |
| $829,000 | 2,604 | 8,000 - 10,000 sqft | 4 | 3 | 69 | 22 | 27 | 28 |
| $600,000 | 2,050 | 6,500 - 8,000 sqft | 4 | 2 | 65 | 35 | 21 | 28 |
| $450,000 | 1,583 | 6,500 - 8,000 sqft | 3 | 2 | 72 | 29 | 32 | 28 |