Salt Lake City, UT 84103 Real Estate Market Report

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

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Executive Overview

As of February 2026, the Salt Lake City market, specifically in the 84103 ZIP code, is characterized by a median sold price of $805,000. This reflects a market that has seen a moderate increase in pricing, although specific historical price change data is not available. The current median listing price stands at $952,500, indicating a notable gap between asking prices and actual transaction values, which may suggest seller expectations are not fully aligned with market realities.

Market activity is showing signs of moderation, with median days on market reaching 243 days, indicating slower sales velocity and a potential shift towards a more balanced market environment. Elevated inventory levels are present, suggesting excess supply relative to sales activity, which may further influence pricing dynamics as buyers navigate a landscape of elevated interest rate pressure, currently averaging around 6.58% for 30-year fixed mortgages. This environment may challenge affordability for potential buyers, impacting overall market liquidity.

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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 in the Salt Lake City market average around 6.58% compared to a recent average of 6.37% seen in mid-February 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 is $805,000, indicating a significant gap with the median listing price of $952,500, which may reflect pricing friction in the market.

2. With median days on market at 243, this suggests a slower sales velocity and a shift towards a more balanced market.

3. Elevated inventory levels indicate excess supply relative to sales activity, which may pressure prices in the coming months.

4. The median market rent has increased to $2,061, suggesting a growing rental market despite competitive conditions.

5. Current interest rate pressure is classified as elevated, with mortgage rates averaging 6.58%, which may further impact buyer affordability.

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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.