Housing Prices in Salt Lake City, UT

How much do homes in Salt Lake City, UT cost?

Median List Price

$596,987

$326/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

+$4,899(+0.8%)

Key Takeaway

The list price of homes in Salt Lake City has increased by 0.8% since October.

Summary: The median home list price in Salt Lake City was $596,987 in November 2024, up 0.8% from the previous month, and the median price per square foot was $326.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $305K$312K
+2.3%
2 $395.2K$395.5K
0.1%
3 $552.5K$559K
+1.2%
4 $699K$697K
-0.3%
5+ $1.1M$995K
-9.5%

Summary: Salt Lake City housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 9.5%.

Median List Price Compared To Nearby Cities

Magna
+0.9%
Salt Lake City
+0.8%
South Salt Lake
0%
West Valley City
-0.6%
North Salt Lake
-3.1%

Housing Supply in Salt Lake City, UT

How many homes are available in Salt Lake City, UT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9071,151+26.9%

Summary: The Salt Lake City real estate market had 1,151 homes for sale in November 2024, a 26.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5370
+32.1%
2 210255
+21.4%
3 228291
+27.6%
4 189256
+35.4%
5+ 227279
+22.9%

Summary: The Salt Lake City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.1%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes increased by 22.9%.

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

Oct 2024Nov 2024CHANGE
72 Days81 Days+11.7%

Summary: Homes in Salt Lake City had an average listing age of 81 days in Nov 2024, up by 11.7% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Salt Lake City, UT

Nearby Markets to Salt Lake City, UT

What housing markets are near Salt Lake City, UT?