Name: Salt Lake City Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Salt Lake City, Utah in 2026?

Accepted Answer

As of May 2026, the median home price in Salt Lake City, Utah is $570,000, which is 10.0% above the Utah state median of $517,990. Home prices in Salt Lake City range from $184,000 to $7,995,000, with an average sale price of $698,660. These figures are based on recent closed transactions in the Salt Lake City real estate market.

Question 2

Is Salt Lake City, Utah a buyer's or seller's market?

Accepted Answer

Salt Lake City, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.0% and homes spending an average of 57 days on the market. Salt Lake City’s median home price sits ~9.8% above the Utah average, sells faster (56 days vs 72 days statewide) and closes near list price (99%).

Question 3

How long do homes stay on the market in Salt Lake City?

Accepted Answer

Homes in Salt Lake City, Utah spend an average of 57 days on the market before going under contract compared to the Utah state average of 72 days (21.2% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Salt Lake City, Utah?

Accepted Answer

As of May 2026, there are 615 active homes for sale in Salt Lake City, Utah with 1346 new listings added recently. In the most recent reporting period, 659 transactions closed in Salt Lake City. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

What county is Salt Lake City, Utah in?

Accepted Answer

Salt Lake City is located in Salt Lake County, Utah. Salt Lake County currently has 615 active home listings in Salt Lake City with a median price of $570,000. Browsing the Salt Lake County real estate market on Propaired surfaces listings across all cities in the county.

Question 6

Are there new construction homes for sale in Salt Lake City, Utah?

Accepted Answer

Yes — Salt Lake City currently has 1346 new listings recently added to the market, with prices starting from $184,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Salt Lake City is $570,000.

Question 7

What types of homes are available in Salt Lake City?

Accepted Answer

Salt Lake City, Utah offers a diverse range of properties. The area is known for: urban, diverse, job-center, walkable, outdoor-access, excellent-schools. You can find single-family homes, townhomes, condos, and in some areas luxury estates and new construction. Utah's capital and largest city. Major job center with urban amenities, diverse neighborhoods, excellent schools, vibrant downtown. Use AI-powered search on Propaired to filter by property type, price range, and lifestyle features.

Question 8

What is Salt Lake City, Utah known for?

Accepted Answer

Utah's capital and largest city. Major job center with urban amenities, diverse neighborhoods, excellent schools, vibrant downtown. Gateway to skiing and outdoor recreation. Mixed urban/suburban living.

Median Price

$570,000

Active Listings

615

Avg Days on Market

57 days

Price Range

$184,000 – $7,995,000

Population

199,000

urbandiversejob-centerwalkableoutdoor-accessexcellent-schoolsdiverse-food

Question 9

How does Salt Lake City compare to the Utah state average?

Accepted Answer

Salt Lake City home prices are 10.0% above the Utah state median of $517,990, with a local median of $570,000. Homes sell faster than the state average — 57 days in Salt Lake City vs 72 days statewide (21.2% below average). The sale-to-list ratio is 99.0% locally vs 99.0% statewide.

Question 10

Are homes in Salt Lake City more expensive than the Utah average?

Accepted Answer

Yes, homes in Salt Lake City are more expensive than the Utah state average. The median home price in Salt Lake City is $570,000, compared to the statewide median of $517,990 — a difference of $52,010 (+10.0%). The premium reflects demand for the area's amenities, schools, and location.

Question 11

Do homes sell faster in Salt Lake City than the rest of Utah?

Accepted Answer

Yes, homes in Salt Lake City sell faster than the Utah average. The average days on market in Salt Lake City is 57 days, compared to 72 days statewide (21.2% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered balanced.

Question 12

How have home prices changed in Salt Lake City over the past year?

Accepted Answer

Home prices in Salt Lake City, Utah have increased by 7.0% over the past year. The median sale price went from $542,000 to $580,000. This strong appreciation reflects growing demand in the area. Check the Salt Lake City market trends section above for detailed charts.

Question 13

Is the Salt Lake City housing market heating up or cooling down?

Accepted Answer

The Salt Lake City housing market is currently heating up, with prices up 7.0% year-over-year and days on market decreasing by 0.2%. The market temperature is rated "balanced" based on current conditions. Salt Lake City’s median home price sits ~9.8% above the Utah average, sells faster (56 days vs 72 days statewide) and closes near list price (99%). Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 14

What were Salt Lake City home prices this time last year?

Accepted Answer

In May 2025, the median home sale price in Salt Lake City, Utah was $542,000. Today, the median is $580,000, representing a change of +7.0% ($38,000 increase). During that same period, the average days on market went from 44 to 44 days.

Question 15

What is the current market outlook for Salt Lake City, Utah?

Accepted Answer

The Salt Lake City housing market remains fundamentally balanced. Prices are still about 10% above the state median, but a 7.4% month‑over‑month dip and a modest rise in 30‑year mortgage rates to 6.35% are tempering buyer enthusiasm. Homes are moving quickly—average days on market are 56 versus the state’s 72—and sellers are achieving near‑list prices (99% sale‑to‑list ratio), indicating that demand, while not overheated, is still solid.

Economic indicators reinforce this equilibrium. Mortgage rates have risen slightly over the past six months, while the Fed Funds rate has held steady at 3.64%, and Utah’s unemployment stays low at 3.6%, suggesting stable income prospects. Consumer sentiment and CPI shelter indices have plateaued, and housing starts remain robust, providing a supportive backdrop for future supply. City‑specific developments—such as the new luxury hotel, the PNC Bank office, the S‑Line streetcar extension, and the GEM Sugar House tower—are adding jobs and transit options, which should sustain demand in the downtown and Sugar House corridors despite the current cooling pressure from higher financing costs. The market temperature is rated "balanced." Salt Lake City’s median home price sits ~9.8% above the Utah average, sells faster (56 days vs 72 days statewide) and closes near list price (99%).

Question 16

What are the key highlights of the Salt Lake City housing market?

Accepted Answer

Key highlights of the Salt Lake City, Utah housing market include: Median price fell 7.4% month‑over‑month, signaling a short‑term price correction.. Inventory remains ample with 1,360 new listings and 674 closed sales in the last three months.. 30‑year mortgage rates have edged up to 6.35% (up from 6.24% six months ago), adding cost pressure for buyers.. New downtown hotel and the Sugar House mixed‑use tower are expanding employment and amenities, supporting long‑term demand.. Single‑family homes command a premium (median $655 k, +9.2% YoY) while townhomes/condos are flat at $420 k.. These insights are derived from recent MLS transaction data and local market analysis.

Question 17

What is the price range for homes in Salt Lake City, Utah?

Accepted Answer

Homes in Salt Lake City, Utah range from $184,000 to $7,995,000, with a median price of $570,000. The standard deviation is $977,182, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 18

What are the best schools in Salt Lake City, Utah?

Accepted Answer

Salt Lake City has 94 schools. The top-rated schools based on state performance scores include: Olympus High (61.8% score), 2,155 students; Canyon Rim Academy (61.3% score), 524 students; Oakridge School (61.3% score), 279 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Salt Lake City schools and nearby homes for sale on Propaired.

Question 19

How do Salt Lake City schools compare to the state average?

Accepted Answer

Of the 94 schools in Salt Lake City, 3 (3%) are rated as high-performing and 8 have strong academics indicators. Families should research individual school ratings on our Salt Lake City schools page for detailed performance breakdowns.

Question 20

Are there STEM or specialty schools in Salt Lake City?

Accepted Answer

Yes, Salt Lake City has 9 schools with STEM excellence indicators, including Salt Lake Center for Science Education, Canyon Rim Academy, Emerson School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 21

What outdoor recreation is near Salt Lake City, Utah?

Accepted Answer

Salt Lake City offers excellent access to outdoor recreation. Nearby options include: airport (Salt Lake City Intl Airport, 8.0km away); boat ramp (Great Salt Lake State Marina, 27.1km away); climbing (Parley's Canyon, 10.4km away); golf course (Glendale Golf Course, 4.7km away); hot springs (Mountain Spaa Resort, 30.9km away); local park (Washington Square, 0.4km away). Utah's diverse terrain provides year-round recreation opportunities within easy reach of Salt Lake City homes.

Question 22

Is Salt Lake City good for skiing and outdoor activities?

Accepted Answer

Yes! Salt Lake City has excellent access to skiing at Snowbird Ski and Summer Resort (29km), 5 hiking trailheads. With ski resorts within 29km, it's a top choice for winter sports enthusiasts. Browse homes in Salt Lake City and filter by lifestyle tags like "ski property" or "trailhead hiking" on Propaired.

Question 23

What amenities are near homes in Salt Lake City?

Accepted Answer

Salt Lake City has convenient access to essential amenities including 5 banks, 5 cafes, 5 campgrounds, 5 daycares, 5 dentists, 5 doctorss. These services are within the city limits or nearby, making daily life convenient for residents. Propaired's listing pages include amenity proximity scores so you can evaluate each property's access to services.

Question 24

Are there hospitals and medical facilities in Salt Lake City?

Accepted Answer

Yes, Salt Lake City has access to 5 hospitals (including Martindale Clinic) and 5 pharmacies. The nearest hospital, Martindale Clinic, is 1.8km from the city center. Healthcare accessibility is an important factor when choosing a neighborhood.

Question 25

What is the internet quality in Salt Lake City, Utah?

Accepted Answer

Salt Lake City has an average broadband download speed of 8830 Mbps and 97% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Google Fiber, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 13.0 provider options.

Question 26

Are single-family homes or condos a better investment in Salt Lake City?

Accepted Answer

In Salt Lake City, single-family homes have a median price of $655,000 (+9.2% YoY), while townhomes/condos are $420,000 (0.0% YoY). SFRs sell in 24 days vs 38 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 27

What is the price per square foot in Salt Lake City?

Accepted Answer

The median price per square foot in Salt Lake City, Utah is $339. The average home size is 1,948 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 28

Is now a good time to buy a home in Salt Lake City, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.35% and Utah's unemployment rate is 3.6%, with Salt Lake City's market rated as "balanced." Prices are rising at 7.0% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 29

When is the best time to buy a home in Salt Lake City?

Accepted Answer

Historically, June offers the most new listings in Salt Lake City, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 30

Is Salt Lake City a safe place to live?

Accepted Answer

Salt Lake City has a safety rating of 1.0 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 147.1 per 1,000 residents, which is 217% above the statewide average, making it higher than average for crime. The violent crime rate is 28.7 per 1,000 residents and the property crime rate is 83.9 per 1,000 residents. (Population: 212,675)

Question 31

What is the crime rate in Salt Lake City?

Accepted Answer

In 2024, Salt Lake City's total NIBRS crime rate was 147.1 offenses per 1,000 residents. This includes crimes against persons (28.7 per 1K), property crimes (83.9 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

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Highlights in Salt Lake City

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