Housing Prices
How much do homes in Salt Lake City, UT cost?
Median List Price
$649,953
$328/sqft
Based on all homes listed in August 2023.
Difference Since Last Month
Key Takeaway
The list price of homes in Salt Lake City has decreased by 4.7% since July.
Summary: The median home list price in Salt Lake City was $649,953 in August 2023, down 4.7% from the previous month, and the median price per square foot was $328.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.9K | $307.4K | +0.8% |
| 2 Bedrooms | $441.4K | $420K | -4.9% |
| 3 Bedrooms | $615K | $640K | +4.1% |
| 4 Bedrooms | $699K | $672.5K | -3.8% |
| 5+ Bedrooms | $1.0M | $995K | -7.4% |
Summary: Salt Lake City housing prices by bedroom type for August 2023 compared to the previous month: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 7.4%.
Median List Price Compared To Nearby Cities
| West Valley City | $465K | $459.9K | -1.1% |
| North Salt Lake | $600K | $575K | -4.2% |
| Salt Lake City | $682K | $649.9K | -4.7% |
| Magna | $454.9K | $427.4K | -6.0% |
| South Salt Lake | $539K | $459.5K | -14.7% |
Housing Supply
How many homes are available in Salt Lake City, UT?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 627 | 1,026 | +63.6% |
Summary: The Salt Lake City real estate market had 1,026 homes for sale in August 2023, a 63.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 54 | +86.2% |
| 2 Bedrooms | 100 | 184 | +84.0% |
| 3 Bedrooms | 153 | 254 | +66.0% |
| 4 Bedrooms | 166 | 285 | +71.7% |
| 5+ Bedrooms | 179 | 249 | +39.1% |
Summary: The Salt Lake City housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 86.2%, 2 bedroom homes increased by 84%, 3 bedroom homes increased by 66%, 4 bedroom homes increased by 71.7%, and 5+ bedroom homes increased by 39.1%.
Days on Market
How long does it take to sell a home in Salt Lake City, UT?
Average Listing Age
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 55 Days | 56 Days | +2.6% |
Summary: Homes in Salt Lake City had an average listing age of 56 days in Aug 2023, up by 2.6% compared to the previous month.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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. The listing broker’s offer of compensation is made only to Participants of UtahRealEstate.com. 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 © 2023 Wasatch Front Regional Multiple Listing Service, Inc. All rights reserved.