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

-$17,009(-2.8%)

Key Takeaway

The list price of homes in Salt Lake City has decreased by 2.8% since January.

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

# BEDSJan 2024Feb 2024CHANGE
1 $301.9K$299.4K
-0.8%
2 $429K$399.9K
-6.8%
3 $565K$545K
-3.5%
4 $761.4K$725K
-4.8%
5+ $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
+2.2%
South Salt Lake
+2.1%
Magna
-1.3%
West Valley City
-2.1%
Salt Lake City
-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 2024Feb 2024CHANGE
525798+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

# BEDSJan 2024Feb 2024CHANGE
1 2840
+42.9%
2 109176
+61.5%
3 135205
+51.9%
4 118189
+60.2%
5+ 135188
+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 2024Feb 2024CHANGE
79 Days71 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.

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

Report Updated 18 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?