Salt Lake City, UT 84105 Real Estate Market Report

ZIP Code: 84105
Report Date: February 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, UT (ZIP: 84105) currently stands at $750,000, reflecting a steady market despite a transition towards a more neutral temperature. The neighborhood has increased up year-over-year, indicating resilience in property values amidst changing market dynamics. As the market adjusts, the elevated inventory levels suggest a shift in buyer sentiment and a potential for more balanced negotiations between buyers and sellers.

Transaction activity has moderated, with properties taking an average of 224 days on market. This extended selling period may indicate a slower sales velocity, as buyers exhibit caution in the face of elevated interest rate pressure, which currently affects affordability. The median listing price of $794,900 shows a notable gap compared to the median sold price, suggesting that sellers may need to recalibrate expectations to align with current market realities.

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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 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, UT, average around 6.22% to 6.58%, which is 0.755% higher than the 5.625% average seen 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. $750,000 is the median sold price, indicating a stable market despite recent shifts.

2. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

3. Properties are taking an average of 224 days on market, reflecting a slower sales velocity.

4. Elevated inventory levels relative to sales activity may lead to increased buyer leverage in negotiations.

5. $2,061 is the median market rent, which has shown an up trend year-over-year, indicating strong rental demand.

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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.