Salt Lake City - UT housing market

The typical home value ($566,207) 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 1.4% over the past year. In Salt Lake City - UT, that means a home worth $558,390 last year is now worth roughly $566,207.

The median sale price, what homes actually close for, is $542,356. Homes are selling at 99.4% of list price, meaning buyers have room to negotiate.

Homes listed in Salt Lake City - UT sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.

About 34.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,470 new listings hit the market each month in Salt Lake City - UT. There are currently 4,383 homes for sale, up 0.4% from a year ago.

The typical monthly rent in Salt Lake City - UT is $1,647, up 0.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 28.6x, renting territory (#2 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $2,926 a month in principal and interest, $1,279 more than renting before taxes, insurance and upkeep. The two break even at a 1.88% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →