Salt Lake City, UT 84107 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

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.

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 median sold price unavailable in the provided metrics, which limits direct transaction-value benchmarking; absence of a reported median sold price means recent closed-transaction pricing must be interpreted using listing-level and trend context rather than a confirmed representative recent sale.
2. The median listing price $571,500 is elevated relative to historical context implied by a rising price trend, suggesting seller expectations remain strong even as actual sold-price confirmation is not available.
3. The median days on market 31 indicates moderate sales velocity; coupled with the reported elevated inventory relative to sales activity, this may indicate pricing friction where some listings require market time to reach contract rather than immediate multiple-offer clearance.
4. The market temperature hot and price year-over-year trend up occur alongside moderate interest rate pressure (current 30-year fixed rates ~6.4% to 6.5%) and a rent year-over-year trend down, which together suggest continued buyer demand driven by local fundamentals but with affordability stress that could temper near-term transaction growth.

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.