Homes for Sale in South Salt Lake, Utah

For buyers, South Salt Lake offers a clear affordability edge: the median home price of $420 k is nearly $90 k less than the Utah average, and recent sales have trended down 6.2% month‑over‑month. Inventory remains thin, with only 17 closed transactions and 45 new listings in the past three months, but the longer average days on market (97 days vs. 79 statewide) give purchasers more negotiating time. The sale‑to‑list ratio of 99.4% shows sellers are still pricing near expectations, yet the modest price declines and higher DOM suggest the market is shifting toward a buyer‑favored stance. Economic backdrop supports this cooling trend. The 30‑year mortgage rate slipped from 6.26% in October 2025 to a low of 6.06% in March 2026 before nudging up to 6.42% most recently, indicating a recent rise that could temper demand. Unemployment is stable—U.S. at 4.4% and Utah at 3.6%—while consumer sentiment has steadied around the mid‑50s. Housing starts are climbing, and Utah’s real‑estate sentiment remains relatively strong (mid‑60s), but the local market’s price drops and extended DOM point to a balanced‑to‑cooling environment, making now a strategic time for buyers to act.