Salt Lake City, UT 84105 Real Estate Market Report

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

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market signal, the median sold price, is unavailable in the provided dataset, so recent transaction-level price confirmation cannot be directly stated from these metrics; without that sold-price figure we must rely on available indicators to interpret current pricing and liquidity.
2. The median listing price of $844,900 remains a key seller benchmark and, combined with a median days on market of 34, suggests moderate sales velocity—listing-side expectations are elevated relative to transaction confirmation, and this may indicate some pricing friction between sellers and buyers.
3. Observed trends show price year-over-year trend: up and rent year-over-year trend: up, which, together with a median price per square foot of 423, point to continued appreciation pressure on both ownership and rental fronts; however, because the median sold price is not present, the pace of realized appreciation cannot be precisely quantified from the available metrics.
4. Capital-cost headwinds are meaningful: interest rate pressure: elevated with local 30-year fixed mortgage rates averaging approximately 6.4%, which may suppress affordability and temper buyer urgency even as the market temperature reads neutral; this combination suggests sellers may need to be pragmatic on pricing to convert listings into closed sales.

Notable Properties

The following 1 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.