Salt Lake City, UT 84103 Real Estate Market Report

ZIP Code: 84103
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the Salt Lake City, UT (ZIP: 84103) market is characterized by a median sold price of $806,500, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. While the median listing price stands at $912,450, the gap between listing and sold prices suggests some pricing friction, as sellers may be adjusting expectations in response to current market dynamics.

Transaction activity appears moderate, with median days on market recorded at 277, indicating a slower sales velocity. Elevated inventory levels are present, suggesting excess supply relative to sales activity. Despite the elevated interest rate pressure, which currently averages between 6.375% to 6.500%, the local economy remains robust, supporting continued demand in the housing market. This combination of factors suggests a market that is stabilizing but still favors sellers in certain segments.

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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

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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Salt Lake City UT 84103 market average around 6.375% to 6.500%, which is notably higher than the 5.375% to 5.625% seen for similar loans earlier in 2026.

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

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Key Findings

1. The median sold price of $806,500 reflects a stable market, with prices showing a positive trend since 2023.

2. With a median listing price of $912,450, there is notable pricing friction as sellers adjust expectations to align with market realities.

3. The median days on market of 277 indicates a slower sales velocity, suggesting that properties are taking longer to sell in the current environment.

4. Elevated inventory levels indicate excess supply relative to sales activity, which may lead to more competitive pricing in the near term.

5. Current interest rates between 6.375% to 6.500% exert elevated interest rate pressure, potentially dampening buyer demand despite a strong local economy.

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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.