Salt Lake City, UT 84106 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The median sold price is the primary indicator of market value and recent transaction activity, but a reliable median sold price is not available in the provided metrics because the analyzed sample contains very few completed sales, so transaction-based valuation must be treated as limited and supplemented by listing- and rent-based measures.
2. The median listing price is 675,000 and, combined with a median days on market of 61, this suggests pricing friction and slower sales velocity; with moderate time-to-contract and elevated inventory relative to sales activity, sellers should expect more negotiation around price or concessions than in a hot market.
3. The price year-over-year trend is up while the market temperature is neutral, indicating measured appreciation without overheating; action: price competitively around recent sold comps when they become available and avoid aggressive premiums until more sale data accrues.
4. The median market rent is 1,749 and the rent year-over-year trend is up, which, together with a median price per square foot of 367 and moderate interest rate pressure, suggests rental demand is supporting pricing—investors should monitor rent growth versus financing costs before committing to acquisitions.

Notable Properties

The following 2 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.