Salt Lake City, UT 84103 Real Estate Market Report

ZIP Code: 84103
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

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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in 84103 are 6.4% compared to the 6.0% average observed 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. median sold price is not reported for this sample period, which limits direct transaction-based valuation — the analyzed dataset contains an insufficient transaction sample, so there is no representative median sold price to establish realized market value at this time; data gap

2. median listing price is $1,000,000 and, combined with a price trend that is up, suggests modest seller pricing strength while broader transaction evidence remains limited

3. median days on market is 97 days, which indicates slower sales velocity and, together with elevated inventory relative to sales activity in the sample, suggests pricing friction that may require more time or concessions to close deals

4. interest rate pressure is elevated (current 30‑year fixed mortgage rates are 6.4% compared to 6.0% earlier in 2026), which, alongside a rising rent environment and a median market rent of $1,249 and median price per square foot of $398, suggests financing costs are a meaningful headwind for affordability even as local rents trend up

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Notable Properties

The following 1 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 84103 Real Estate Market Report

ZIP Code: 84103
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in 84103 are 6.4% compared to the 6.0% average observed 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 neighborhood's median sold price is unavailable in the provided metrics, so recent transaction-level valuation cannot be stated; this absence may indicate limited recent closings in the analyzed sample or that the snapshot emphasized listing-side data rather than completed sales (unavailable).

2. The local pricing snapshot shows a median listing price $434,500 and a median price per square foot $354, and the price year-over-year trend is up, suggesting modest appreciation while leaving room for listing-to-transaction adjustments as sales confirm market levels.

3. Market liquidity appears slower: the median days on market 115 signals reduced sales velocity and likely pricing friction rather than rapid turnover; combined with a market temperature characterized as neutral, this points to a more balanced but less frenzied environment.

4. Affordability headwinds are present as interest rate pressure elevated; Current 30-year fixed mortgage rates for properties in 84103 are 6.4% compared to the 6.0% average observed earlier in 2026, which may constrain buyer purchasing power and temper demand (elevated).

5. Rental conditions show modest strength: the median market rent $1,300 and a rent year-over-year trend that is up suggest improving rental income potential, though investment returns cannot be inferred without additional cap-rate data.

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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.