Housing Prices in Salt Lake City, UT
How much do homes in Salt Lake City, UT cost?
Median List Price
$599,641
$335/sqft
Based on all homes listed in March 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Salt Lake City has decreased by 1.6% since February.
Summary: The median home list price in Salt Lake City was $599,641 in March 2024, down 1.6% from the previous month, and the median price per square foot was $335.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287K | $299.4K | +4.3% |
| 2 Bedrooms | $424.9K | $412.5K | -2.9% |
| 3 Bedrooms | $539.5K | $549.9K | +1.9% |
| 4 Bedrooms | $737.4K | $742K | +0.6% |
| 5+ Bedrooms | $1.1M | $1.0M | -7.8% |
Summary: Salt Lake City housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 7.8%.
Median List Price Compared To Nearby Cities
| North Salt Lake | $529.9K | $529.8K | 0% |
| West Valley City | $479.9K | $479.9K | 0% |
| Salt Lake City | $609.6K | $599.6K | -1.6% |
| South Salt Lake | $494K | $474.9K | -3.9% |
| Magna | $474.9K | $452.5K | -4.7% |
Housing Supply in Salt Lake City, UT
How many homes are available in Salt Lake City, UT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 510 | 854 | +67.5% |
Summary: The Salt Lake City real estate market had 854 homes for sale in March 2024, a 67.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 46 | +53.3% |
| 2 Bedrooms | 115 | 194 | +68.7% |
| 3 Bedrooms | 124 | 215 | +73.4% |
| 4 Bedrooms | 112 | 212 | +89.3% |
| 5+ Bedrooms | 129 | 187 | +45.0% |
Summary: The Salt Lake City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 68.7%, 3 bedroom homes increased by 73.4%, 4 bedroom homes increased by 89.3%, and 5+ bedroom homes increased by 45%.
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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 66 Days | -12.0% |
Summary: Homes in Salt Lake City had an average listing age of 66 days in Mar 2024, down by 12% compared to the previous month.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.