Market Overview
balancedSalt Lake City’s median home price is roughly 12% above the Utah average while properties sell about 22 days faster and at 99.4% of list price.- •Median price fell 9.2% month‑over‑month, indicating short‑term price pressure.
- •Days on market are 39 days, 36% lower than the state average, showing strong buyer demand.
- •New listings (1,272) exceed closed transactions (734) over the past three months, expanding inventory.
- •Mortgage rates have risen modestly, with the 30‑year rate climbing from 6.11% to 6.46% since January.
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Frequently Asked Questions About Salt Lake City Real Estate
As of July 2026, the median home price in Salt Lake City, Utah is $587,500, which is 11.9% above the Utah state median of $525,000. Home prices in Salt Lake City range from $175,000 to $7,995,000, with an average sale price of $722,850. These figures are based on recent closed transactions in the Salt Lake City real estate market.
Salt Lake City, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.4% and homes spending an average of 39 days on the market. Salt Lake City’s median home price is roughly 12% above the Utah average while properties sell about 22 days faster and at 99.4% of list price.
Homes in Salt Lake City, Utah spend an average of 39 days on the market before going under contract compared to the Utah state average of 61 days (36.0% 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.
