Market Overview
warmSalt Lake City’s median home price of $590K is roughly 12% above the Utah median, while homes sell 34% faster and at 99.2% of list price.- •Median price rose 9.6% month‑over‑month, outpacing most of the state.
- •Homes spend only 40 days on market versus the state average of 61 days.
- •Single‑family homes command a $680K median price, up 9.7% YoY, while townhomes/condos are flat at $397K.
- •30‑year mortgage rates have crept up from 6.10% to 6.49% over the past six months, adding cost pressure.
- •Recent wildfire events and a state recovery plan highlight localized risk in foothill neighborhoods.
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Frequently Asked Questions About Salt Lake City Real Estate
As of July 2026, the median home price in Salt Lake City, Utah is $589,900, which is 12.4% above the Utah state median of $525,000. Home prices in Salt Lake City range from $11,000 to $7,995,000, with an average sale price of $737,789. These figures are based on recent closed transactions in the Salt Lake City real estate market.
Salt Lake City, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 99.2% and homes spending an average of 40 days on the market. Salt Lake City’s median home price of $590K is roughly 12% above the Utah median, while homes sell 34% faster and at 99.2% of list price.
Homes in Salt Lake City, Utah spend an average of 40 days on the market before going under contract compared to the Utah state average of 61 days (34.5% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.
