Salt Lake City - UT housing market
The Salt Lake City metro has a typical home value of $567,346, up 1.3% from a year ago. Homes are moving fast at 16 days on market, a strong seller's market. 32% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($567,346) is the Zillow Home Value Index for the Salt Lake City - UT metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.3% over the past year. In Salt Lake City - UT, that means a home worth $560,065 last year is now worth roughly $567,346.
The median sale price , what homes actually close for , is $540,237. Homes are selling at 99.3% of list price, meaning buyers have room to negotiate.
Homes listed in Salt Lake City - UT sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.
About 32.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,576 new listings hit the market each month in Salt Lake City - UT. There are currently 4,247 homes for sale, up 1.8% from a year ago.
The typical monthly rent in Salt Lake City - UT is $1,638, up 0.5% year over year. For investors, the price-to-rent ratio here is roughly 29x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in UT
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Ogden - UT | $519,707 | +2.1% | 20.0d |
| Provo - UT | $548,061 | +1.8% | 24.0d |