Housing Prices in Salt Lake City, UT
How much do homes in Salt Lake City, UT cost?
Median List Price
$589,333
$321/sqft
Based on all homes listed in February 2024.
Difference Since Last Month
Summary: The median home list price in Salt Lake City was $589,333 in February 2024, down 2.8% from the previous month, and the median price per square foot was $321.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $301.9K | $299.4K | -0.8% |
2 Bedrooms | $429K | $399.9K | -6.8% |
3 Bedrooms | $565K | $545K | -3.5% |
4 Bedrooms | $761.4K | $725K | -4.8% |
5+ Bedrooms | $990K | $979.5K | -1.1% |
Summary: Salt Lake City housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 1.1%.
Median List Price Compared To Nearby Cities
North Salt Lake | $549.9K | $562K | +2.2% |
South Salt Lake | $456K | $465.5K | +2.1% |
Magna | $454.8K | $449K | -1.3% |
West Valley City | $475K | $465K | -2.1% |
Salt Lake City | $606.3K | $589.3K | -2.8% |
Housing Supply in Salt Lake City, UT
How many homes are available in Salt Lake City, UT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
525 | 798 | +52.0% |
Summary: The Salt Lake City real estate market had 798 homes for sale in February 2024, a 52.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 40 | +42.9% |
2 Bedrooms | 109 | 176 | +61.5% |
3 Bedrooms | 135 | 205 | +51.9% |
4 Bedrooms | 118 | 189 | +60.2% |
5+ Bedrooms | 135 | 188 | +39.3% |
Summary: The Salt Lake City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 51.9%, 4 bedroom homes increased by 60.2%, and 5+ bedroom homes increased by 39.3%.
Days on Market for Salt Lake City, UT
How long does it take to sell a home in Salt Lake City, UT?
Average Listing Age
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 71 Days | -10.2% |
Summary: Homes in Salt Lake City had an average listing age of 71 days in Feb 2024, down by 10.2% compared to the previous month.