Utah Real Estate

Salt Lake City, UT

Single-Family Homes

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Salt Lake City, UT

Fri Jun 21 2024
This week the median list price for Salt Lake City, UT is $749,900 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 545. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Salt Lake City, UT

Fri Jun 21 2024
This week the median list price for Salt Lake City, UT is $749,900 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 545. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Salt Lake City market.
Median List Price $749,900
Median Price of New Listings $668,450
Per Square Foot $319
Average Days on Market 61
Median Days on Market 28
Price Decreased 43%
Price Increased 2%
Relisted 5%
Inventory 545
Median Rent
Market Action 56
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$2,025,000 5,180 0.25 - 0.5 acre 5 3.5 37 22 17 52
$879,450 2,838 8,000 - 10,000 sqft 4 2.5 65 26 26 28
$650,000 2,135 6,500 - 8,000 sqft 4 2 66 33 30 21
$479,000 1,739 6,500 - 8,000 sqft 4 2 67 37 34 14