Salt Lake City, UT 84104 Real Estate Market Report
ZIP Code: 84104
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.
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.
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.
Rental Market
Property Taxes
Liquidity & Velocity
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.
Key Findings
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median sold price is not available in the provided metrics, which limits direct measurement of recent transaction-level market value; this absence may reflect reporting lag or insufficient closed-sales sample for the ZIP and should prompt reliance on listed-price and market-rent signals while seeking transaction data. neutral data availability
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median listing price of 419,900 combined with a median price per square foot of 360 suggests price positioning for SFR and condo offerings in the area, but the broader price year-over-year trend is down, indicating that asking-price benchmarks may be elevated relative to recent closed-sales trends.
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A median days on market of 51 indicates slower sales velocity compared with faster-turning markets and appears consistent with the reported neutral market temperature; this suggests pricing friction that sellers should address through strategic pricing or concessions to accelerate transactions.
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Rental-side signals show a median market rent of 1,675 with rent year-over-year trend up, while interest rate pressure is moderate; together these factors imply resilient cash-flow fundamentals for landlords but moderated buyer affordability that may keep sales momentum cautious.
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
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Sold at market average
Sold below market average
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Salt Lake City, UT 84104 Real Estate Market Report
ZIP Code: 84104
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.
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.
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.
Rental Market
Property Taxes
Liquidity & Velocity
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.
Key Findings
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The primary market indicator, median sold price, is unavailable in the provided metrics, which suggests the analyzed sample or reporting feed did not capture recent closed-transaction pricing and may reflect limited sale activity or reporting lag rather than current market value.
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The local pricing snapshot shows a median listing price of $214,900 and a median price per square foot of $293, a combination that may create pricing friction if asking prices remain above what recent closed sales (not reported here) will support.
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Liquidity and velocity indicators point to slower movement: median days on market of 93 implies extended marketing time that may represent moderate negotiation windows rather than rapid turnover.
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Macro and rental context shows mixed signals—price year-over-year trend: down while rent year-over-year trend: up and interest rate pressure: moderate—this constellation may indicate downward price pressure alongside strengthening rental demand, supporting cautious positioning for owners and investors.
Notable Properties
The following 5 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
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Sold below market average
Sold at market average
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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