What is the typical home value in Salt Lake City - UT?

The typical home in Salt Lake City - UT, UT is worth $564,835 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +1.7%.

How long do homes stay on the market in Salt Lake City - UT?

The median days to pending (time on market before a sale) in Salt Lake City - UT is currently 30 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Salt Lake City - UT?

26.5% of active listings in Salt Lake City - UT have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Salt Lake City - UT a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Salt Lake City - UT is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

PicksByProperty

UT · Metro #48

Salt Lake City - UT housing market

Current home values, days on market, and price-cut activity for the Salt Lake City - UT metro. Data refreshed from Zillow Research monthly.

Typical home value

$564,835

+1.7% vs. year ago

Median list price

$538,300

Days on market

30.0d

Listings w/ price cut

26.5%

Context

How to read this data

The typical home value ($564,835) 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 1.7% over the past year. In Salt Lake City - UT, that means a home worth $555,393 last year is now worth roughly $564,835.

Homes listed in Salt Lake City - UT sit on the market for roughly 30.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.