Salt Lake City, UT 84105 Real Estate Market Report

ZIP Code: 84105
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.

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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 approximately 6.35%, reflecting stability for property owners who secured loans earlier in 2026 when rates were at similar levels.

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 <b>median sold price</b> is not available in the provided metrics, so recent transaction-level market value cannot be stated directly from this dataset; its absence limits definitive statements about realized pricing trends.

2. The market shows a <b>median listing price</b> of $799,000 alongside elevated inventory relative to sales activity, which appears consistent with a neutral market temperature—pricing may require modest concessions to match buyer expectations.

3. Liquidity signals point to slower transaction velocity: the <b>median days on market</b> is 62, which, combined with elevated inventory relative to sales activity, suggests listings may take longer to convert to closed sales.

4. Rental and financing context: the <b>median market rent</b> is $1,495 with rents trending up, while interest rate pressure is elevated and 30-year fixed mortgage rates are averaging approximately <b>6.35%</b>, a combination that supports rental demand but may dampen buyer affordability for some households.

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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.