Salt Lake City, UT 84106 Real Estate Market Report

ZIP Code: 84106
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: 84106) is currently $649,000, reflecting a stable market environment. This price point indicates a modest appreciation trend, with the market showing signs of stabilization after a period of rapid growth. The neighborhood has increased 8% since 2023, suggesting a resilient demand despite external pressures.

Market activity is characterized by elevated inventory levels, as the number of active listings surpasses recent sales, leading to a more balanced environment for buyers and sellers. The median days on market stands at 203 days, indicating a slower sales velocity, which may suggest potential pricing friction as sellers adjust expectations in response to market dynamics. Elevated interest rates continue to exert pressure on transaction volumes, contributing to a neutral market temperature overall.

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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, around 5.625% are lower than the recent 2026 average of 6.01%, presenting a cost opportunity for refinancing.

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. $649,000 is the current median sold price, indicating a stable market with modest appreciation.

2. The market has increased 8% since 2023, reflecting a resilient demand despite external pressures.

3. Median days on market are 203 days, suggesting a slower sales velocity and potential pricing friction.

4. Elevated inventory levels are present, indicating excess supply relative to sales activity.

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

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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.