Housing Prices in Salt Lake City, UT
How much do homes in Salt Lake City, UT cost?
Median List Price
$625,972
$335/sqft
Based on all homes listed in April 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Salt Lake City has remained the same since March.
Summary: The median home list price in Salt Lake City was $625,972 in April 2024, down 0.3% from the previous month, and the median price per square foot was $335.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $314K | +8.3% |
| 2 Bedrooms | $424K | $414.9K | -2.1% |
| 3 Bedrooms | $548.9K | $562.6K | +2.5% |
| 4 Bedrooms | $749.9K | $722.4K | -3.7% |
| 5+ Bedrooms | $1.0M | $1.1M | 0.5% |
Summary: Salt Lake City housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 0.5%.
Median List Price Compared To Nearby Cities
| South Salt Lake | $456K | $487K | +6.8% |
| Magna | $450K | $450K | 0.0% |
| Salt Lake City | $627.6K | $625.9K | -0.3% |
| West Valley City | $499.4K | $481K | -3.7% |
| North Salt Lake | $579.9K | $539.9K | -6.9% |
Housing Supply in Salt Lake City, UT
How many homes are available in Salt Lake City, UT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 551 | 952 | +72.8% |
Summary: The Salt Lake City real estate market had 952 homes for sale in April 2024, a 72.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 47 | +42.4% |
| 2 Bedrooms | 128 | 199 | +55.5% |
| 3 Bedrooms | 124 | 249 | +100.8% |
| 4 Bedrooms | 130 | 232 | +78.5% |
| 5+ Bedrooms | 136 | 225 | +65.4% |
Summary: The Salt Lake City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.4%, 2 bedroom homes increased by 55.5%, 3 bedroom homes increased by 100.8%, 4 bedroom homes increased by 78.5%, and 5+ bedroom homes increased by 65.4%.
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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 59 Days | -13.4% |
Summary: Homes in Salt Lake City had an average listing age of 59 days in Apr 2024, down by 13.4% 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.