Salt Lake City, UT 84106 Real Estate Market Report

ZIP Code: 84106
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. median sold price is not available in the provided metrics, so recent transaction-level pricing cannot be directly stated; its absence may reflect limited closed-sale sample data in the analyzed dataset and constrains definitive valuation conclusions for realized market value. data gap

2. median listing price is 714,950, while the median days on market is 57, which suggests slower sales velocity and potential pricing friction between asking and realized prices; combined with elevated inventory relative to sales activity, this appears to favor cautious negotiation.

3. Market-level indicators show a price year-over-year trend of up and a rent year-over-year trend of up, signaling continued upward pressure on both capital values and rental rates; with a median price per square foot of 369, sellers retain pricing power in select segments but should expect measured buyer pushback. up

4. The market temperature is neutral and interest rate pressure is moderate, which together suggest a balanced buyer-seller dynamic with a slight lean toward sellers—expect moderate transaction volume and that elevated inventory relative to sales activity may prolong negotiation timelines. moderate

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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.

Salt Lake City, UT 84106 Real Estate Market Report

ZIP Code: 84106
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The neighborhood’s primary valuation anchor is the median sold price; however, a reported median sold price is not available in the provided metrics, which may indicate limited closed-transaction data in the sample period or a reporting gap rather than an absence of recent sales.

2. median listing price: $407,000 — Current asking levels align with a market that is trending up; combined with a up year-over-year price trend and a neutral market temperature, this suggests sellers retain some pricing leverage while overall conditions remain balanced.

3. median days on market: 83 — Extended days on market indicate slower sales velocity and potential pricing friction; this pace appears to support a balanced-to-warm market where buyers have time to negotiate but sellers may not face urgent downward pressure.

4. median price per square foot: $283 and median market rent: $1,485 — With rent also trending up, rental demand appears supportive of valuation, though moderate interest rate pressure cautions that financing costs could temper near-term buyer activity.

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Notable Properties

The following 8 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.