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Murray, UT 84121 Real Estate Market Report

ZIP Code: 84121
Report Date: May 2026
Market Temperature: COLD
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
53
Active Listings
53
Sold Properties
0

Market Metrics

Median Listing Price
$720,000
Median Sold Price
$0
Median Price per Sqft
$312/sqft

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.


Rental Market

Median Market Rent
$2,400

Property Taxes

Property Tax Rate
0.47%

Liquidity & Velocity

Median Days on Market
91

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Price YoY Trend
down
Market Temperature
cold
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price is not provided in the available metrics; this absence likely reflects limited recent closed-transaction data in the sample or a timing/data-refresh gap, so transaction-based valuation should be treated with caution. down

  2. median listing price is $720,000, which provides a seller expectation anchor but may not reflect realized transaction levels given the missing median sold price and the reported down price year-over-year trend.

  3. median days on market is 91, indicating slower sales velocity and suggesting greater negotiation time for buyers and sellers; this extended exposure may contribute to pricing friction between asking and realized prices.

  4. market temperature is cold with elevated interest rate pressure (Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 2026), rent trends are down, and inventory conditions appear as elevated inventory relative to sales activity, all of which may continue to pressure sellers and favor buyers in near-term negotiations.


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.

Recent Transactions

6078 S Heughs Canyon Way, Holladay, UT 84121
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
5 baths
7,125 sqft
$6,375,000
$895/sqft/sqft
351 days on market
2428 E Field Rose Dr, Holladay, UT 84121
Premium

Sold above market average

7 beds
7 baths
13,807 sqft
$4,899,000
$355/sqft/sqft
177 days on market
2138 E Pheasant Ln, Holladay, UT 84121
Premium

Sold above market average

6 beds
3 baths
8,218 sqft
$4,695,000
$571/sqft/sqft
253 days on market
5758 S Wasatch Blvd, Holladay, UT 84121
Value

Sold below market average

4 beds
4 baths
9,232 sqft
$2,400,000
$260/sqft/sqft
92 days on market
3450 E Hidden Oak Dr, Salt Lake City, UT 84121
Premium

Sold above market average

6 beds
3 baths
5,300 sqft
$2,200,000
$415/sqft/sqft
57 days on market
6331 S Shenandoah Park Ave, Salt Lake City, UT 84121
Market Benchmark

Sold at market average

6 beds
4 baths
6,867 sqft
$2,150,000
$313/sqft/sqft
345 days on market
1932 E Charleston Ln, Holladay, UT 84121
Premium

Sold above market average

6 beds
1 baths
5,279 sqft
$1,999,500
$379/sqft/sqft
49 days on market
1292 E Matthew Ave, Murray, UT 84121
Market Benchmark

Sold at market average

5 beds
3 baths
3,301 sqft
$1,090,000
$330/sqft/sqft
36 days on market

Murray, UT 84121 Real Estate Market Report

ZIP Code: 84121
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


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.

Analysis Window
90 Days
Total Properties Analyzed
12
Active Listings
12
Sold Properties
0

Market Metrics

Median Listing Price
$633,450
Median Sold Price
$0
Median Price per Sqft
$217/sqft

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.


Rental Market

Median Market Rent
$1,600

Property Taxes

Property Tax Rate
0.46%

Liquidity & Velocity

Median Days on Market
100

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Price YoY Trend
down
Market Temperature
cold
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price: unavailable — A recent median sold price is not present in the provided metrics, so representative transaction-level valuation is indeterminate from these inputs; without that figure, rely cautiously on listing, rent, and trend indicators to infer market direction. data gap

  2. median listing price: $633,450 — The median listing price of $633,450 represents current seller pricing expectations and, given the available trend signals, may be higher than recent sale values, suggesting pricing friction between sellers and the slower transactional market.

  3. median days on market: 100 — A median days on market of 100 indicates materially slower sales velocity and reduced liquidity relative to typical fast-moving markets; this pace, combined with listing-price context, suggests buyers can negotiate and transactions may take longer to close. slower sales velocity

  4. market temperature: cold; price year-over-year trend: down; rent year-over-year trend: down; interest rate pressure: elevated** — These combined signals point to a cooling market environment. Current 30-year fixed mortgage rates in Murray, UT are averaging 6.37%, which is 0.5% higher than the 5.87% rates observed for typical loans in this area during February 2026, and this elevated rate pressure likely contributes to softer demand and downward price pressure. down


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.

Recent Transactions

1706 E 6485 S, Salt Lake City, UT 84121
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
3 baths
3,294 sqft
$965,000
$293/sqft/sqft
45 days on market
6414 S 1680 E, Salt Lake City, UT 84121
Market Benchmark

Sold at market average

4 beds
3 baths
3,415 sqft
$749,000
$219/sqft/sqft
147 days on market
6324 S Fiesta Way, Salt Lake City, UT 84121
Market Benchmark

Quick sale indicating strong buyer demand and competitive market conditions.

4 beds
2 baths
3,248 sqft
$700,000
$216/sqft/sqft
11 days on market
2288 E Emerald Hills Ct, Salt Lake City, UT 84121
Market Benchmark

Sold at market average

4 beds
3 baths
3,311 sqft
$686,000
$207/sqft/sqft
254 days on market
2262 E Emerald Hills Ct, Salt Lake City, UT 84121
Value

Sold below market average

4 beds
3 baths
3,591 sqft
$675,000
$188/sqft/sqft
304 days on market
1575 E 6430 S, Salt Lake City, UT 84121
Market Benchmark

Sold at market average

5 beds
3 baths
3,011 sqft
$637,000
$212/sqft/sqft
254 days on market
1681 E 6550 S, Murray, UT 84121
Market Benchmark

Quick sale indicating strong buyer demand and competitive market conditions.

4 beds
1 baths
3,156 sqft
$629,900
$200/sqft/sqft
14 days on market
6971 S Twin Aspen Cv, Salt Lake City, UT 84121
Premium

Sold above market average

3 beds
1 baths
1,933 sqft
$595,000
$308/sqft/sqft
42 days on market

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

GemHaus

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