Salt Lake City - UT housing market
The Salt Lake City metro has a typical home value of $568,656, up 1.3% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($568,656) is the Zillow Home Value Index for the Salt Lake City - UT metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.3% over the past year. In Salt Lake City - UT, that means a home worth $561,358 last year is now worth roughly $568,656.
The median sale price , what homes actually close for , is $533,908. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.
Homes listed in Salt Lake City - UT sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.
About 30.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,535 new listings hit the market each month in Salt Lake City - UT. There are currently 4,000 homes for sale, up 4.4% from a year ago.
The typical monthly rent in Salt Lake City - UT is $1,641, up 0.3% year over year. For investors, the price-to-rent ratio here is roughly 29x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in UT
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Ogden - UT | $520,531 | +2.1% | 18.0d |
| Provo - UT | $546,641 | +1.9% | 21.0d |