Salt Lake City, UT 84105 Real Estate Market Report

ZIP Code: 84105
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Salt Lake City, UT (ZIP: 84105) is $749,450, reflecting a competitive market despite signs of cooling. The neighborhood has increased up since 2023, indicating a positive trend in home values. However, the elevated median days on market at 241 days suggests a slower sales velocity, which may indicate a shift towards a more balanced market as inventory levels rise.

While the median listing price stands at $820,000, the gap between listing and sold prices suggests potential pricing friction, with sellers needing to adjust expectations in light of the current market dynamics. The ongoing economic fundamentals, including job and population growth, continue to support the market, although elevated interest rate pressure may impact buyer activity moving forward.

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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

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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 market average 5.85%, which is higher than the average rate of 5.55% seen for similar loans originated 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 $749,450 indicates a strong market performance, despite longer sales timelines.

2. With 241 days on market, the market is experiencing slower sales velocity, suggesting a potential shift towards balance.

3. The median listing price of $820,000 shows a significant gap from the sold price, indicating pricing friction in the market.

4. The median market rent is $2,061, which is up year-over-year, reflecting strong rental demand.

5. Current mortgage rates at 5.85% are elevated, which may dampen buyer enthusiasm and affect overall market liquidity.

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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.