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 April 2026, the median home price in Salt Lake City, Utah is $570,000, which is 11.8% above the Utah state median of $510,000. Home prices in Salt Lake City range from $170,000 to $7,500,000, with an average sale price of $694,475. 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 98.2% and homes spending an average of 68 days on the market. Salt Lake City’s median home price sits ~12% above the Utah average, yet homes sell 13% faster (68 vs 79 days) and at a higher sale‑to‑list ratio (98.2% vs state).

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 68 days on the market before going under contract compared to the Utah state average of 79 days (13.3% below average). This gives buyers time to carefully evaluate options and negotiate terms. 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 April 2026, there are 493 active homes for sale in Salt Lake City, Utah with 909 new listings added recently. In the most recent reporting period, 555 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 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 6

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

493

Avg Days on Market

68 days

Price Range

$170,000 – $7,500,000

Question 7

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

Accepted Answer

Salt Lake City home prices are 11.8% above the Utah state median of $510,000, with a local median of $570,000. Homes sell faster than the state average — 68 days in Salt Lake City vs 79 days statewide (13.3% below average). The sale-to-list ratio is 98.2% locally vs 98.8% statewide.

Question 8

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 $510,000 — a difference of $60,000 (+11.8%). The premium reflects demand for the area's amenities, schools, and location.

Question 9

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 68 days, compared to 79 days statewide (13.3% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered balanced.

Question 10

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

Accepted Answer

Home prices in Salt Lake City, Utah have decreased by 4.5% over the past year. The median sale price went from $560,000 to $535,000. This slight correction may create buying opportunities for prospective homeowners. Check the Salt Lake City market trends section above for detailed charts.

Question 11

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

Accepted Answer

The Salt Lake City housing market is currently showing mixed signals, with prices down 4.5% year-over-year and days on market decreasing by 17.3%. The market temperature is rated "balanced" based on current conditions. Salt Lake City’s median home price sits ~12% above the Utah average, yet homes sell 13% faster (68 vs 79 days) and at a higher sale‑to‑list ratio (98.2% vs state). Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 12

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

Accepted Answer

In April 2025, the median home sale price in Salt Lake City, Utah was $560,000. Today, the median is $535,000, representing a change of -4.5% ($25,000 decrease). During that same period, the average days on market went from 58 to 48 days.

Question 13

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

Accepted Answer

Salt Lake City’s residential market remains robust but is entering a more balanced phase. The median closed price of $570,000 is 11.8% above the Utah median, yet a 5.5% month‑over‑month price decline and a recent rise in the 30‑year mortgage rate to 6.42% suggest buyers are feeling the pinch of higher financing costs. Homes are still moving quickly—average days on market are 68, 13% faster than the state average—and the sale‑to‑list ratio of 98.2% indicates that listings are achieving near‑asking prices. Single‑family homes are especially scarce, with only 246 active listings against 144 contracts, while townhomes and condos have a larger active pool, offering more options for price‑sensitive buyers.

The broader economic backdrop is stable: Utah’s unemployment holds steady at 3.6%, consumer sentiment is solid at 56.4, and housing starts have risen to 1.49 million units, reflecting continued construction activity. City‑specific developments—such as the $102 M luxury hotel, the GEM Sugar House mixed‑use tower, and the extension of the S‑Line streetcar—are expected to generate new jobs and improve transit connectivity, further supporting demand. While the market is not “hot” due to rising rates, the combination of limited inventory, strong buyer willingness, and local economic investments keeps Salt Lake City in a balanced, slightly warm position for prospective homebuyers. The market temperature is rated "balanced." Salt Lake City’s median home price sits ~12% above the Utah average, yet homes sell 13% faster (68 vs 79 days) and at a higher sale‑to‑list ratio (98.2% vs state).

Question 14

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 5.5% month‑over‑month, signaling a short‑term cooling despite a 12% YoY premium over the state.. Mortgage rates have risen again to 6.42% this month after a brief dip, putting upward pressure on monthly payments.. SFR inventory remains tight (246 active vs 144 under contract) while townhome supply is higher, keeping single‑family competition intense.. New downtown hotel, Sugar House mixed‑use tower, and the S‑Line streetcar extension are boosting job growth and transit‑oriented demand.. These insights are derived from recent MLS transaction data and local market analysis.

Question 15

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

Accepted Answer

Homes in Salt Lake City, Utah range from $170,000 to $7,500,000, with a median price of $570,000. The standard deviation is $874,434, 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 16

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 17

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 18

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 19

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 20

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 21

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 22

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 23

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 24

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 $642,000 (+12.2% YoY), while townhomes/condos are $420,000 (+1.2% YoY). SFRs sell in 36 days vs 42 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 25

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 $334. The average home size is 2,038 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 26

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

Accepted Answer

The 30-year mortgage rate is currently 6.42% and Utah's unemployment rate is 3.6%, with Salt Lake City's market rated as "balanced." Prices are stabilizing at 4.5% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 27

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 28

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 29

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.

Salt Lake City Real Estate FAQ

Frequently Asked Questions About Salt Lake City Real Estate

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

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

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

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

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

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

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

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

What types of homes are available in Salt Lake City?

What types of homes are available in Salt Lake City?

What is Salt Lake City, Utah known for?

What is Salt Lake City, Utah known for?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Are there STEM or specialty schools in Salt Lake City?

Are there STEM or specialty schools in Salt Lake City?

What outdoor recreation is near Salt Lake City, Utah?

What outdoor recreation is near Salt Lake City, Utah?

Is Salt Lake City good for skiing and outdoor activities?

Is Salt Lake City good for skiing and outdoor activities?

What amenities are near homes in Salt Lake City?

What amenities are near homes in Salt Lake City?

Are there hospitals and medical facilities in Salt Lake City?

Are there hospitals and medical facilities in Salt Lake City?

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

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

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

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

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

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

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

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

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

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

Is Salt Lake City a safe place to live?

Is Salt Lake City a safe place to live?

What is the crime rate in Salt Lake City?

What is the crime rate in Salt Lake City?

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