Salt Lake City, UT 84105 Real Estate Market Report

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

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Executive Overview

The median sold price in Salt Lake City (84105) stands at $749,900, reflecting a stable market with slight price appreciation. This indicates a resilient demand despite the current inventory dynamics. The neighborhood has increased 15% since 2023, suggesting a positive trend in property values. However, the market temperature is currently classified as neutral, indicating a balance between buyer and seller activity.

Transaction activity has shown moderate velocity, with 249 days as the median days on market, which points to slower sales relative to historical norms. Elevated inventory levels are present, suggesting excess supply relative to sales activity. This shift may provide opportunities for buyers, although the overall market remains competitive due to strong rental demand, despite modest declines in median market rent, currently at $2,061.

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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 Salt Lake City are averaging 6.61% compared to approximately 6.1% when loans originated in early 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 $749,900 indicates a stable market with slight appreciation, reflecting a positive trend in property values.

2. With 249 days as the median days on market, the market is experiencing slower sales velocity, indicating potential pricing friction for sellers.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may benefit buyers looking for options.

4. The median market rent is currently $2,061, showing modest declines due to increased rental supply, which may affect investor strategies.

5. The market temperature is neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

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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.