Salt Lake City, UT 84107 Real Estate Market Report

ZIP Code: 84107
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Salt Lake City market, particularly in the 84107 area, is currently characterized by a median sold price of $536,000, reflecting a stable market despite a cooling trend. The neighborhood has increased up since 2023, indicating a slight appreciation in home values. However, the market is experiencing elevated inventory levels, leading to a significant increase in the median days on market, now at 266 days. This suggests a slower sales velocity and may indicate a shift in buyer sentiment as the market adjusts to changing economic conditions.

With a median listing price of $584,000, there is a notable gap between asking prices and sold prices, which may create pricing friction for sellers. The overall market temperature is assessed as neutral, suggesting a balanced environment where supply and demand are relatively aligned. However, the elevated interest rate pressure, with current mortgage rates around 6.69%, is likely impacting buyer affordability and overall market dynamics, contributing to the longer days on market.

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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 6.69% are approximately 0.9% higher than typical early 2026 origination rates near 5.80%.

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. Median sold price stands at $536,000, reflecting stable market conditions despite a cooling trend.

2. Median days on market have reached 266 days, indicating slower sales velocity and potential buyer hesitance.

3. Median listing price of $584,000 shows a significant gap from sold prices, suggesting potential pricing friction for sellers.

4. The market temperature is neutral, indicating a balanced environment between supply and demand.

5. Elevated interest rate pressure, with mortgage rates around 6.69%, may be affecting buyer affordability and market activity.

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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.