Salt Lake City, UT 84109 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

Key Findings

1. The <b>median sold price</b> is unavailable in the provided metrics, which may indicate limited closed-transaction sampling in the analyzed dataset and suggests relying on listing-based indicators and trend signals for near-term valuation; data gap.
2. The market's <b>median listing price: 912,500</b>, when viewed alongside elevated inventory relative to sales in the sample, suggests seller expectations are outpacing current transaction flow and may require price adjustments or longer marketing periods to achieve sales; neutral market temperature supports a balanced response strategy.
3. The <b>median days on market: 55</b> signals slower sales velocity and potential pricing friction, which may indicate buyers have negotiating leverage or are exercising patience; slower transaction volume.
4. Broader trend metrics — price up, rent up, and moderate interest rate pressure — combined with a <b>median price per square foot: 441</b> and a <b>median market rent: 2,295</b> support modest appreciation while the market normalizes toward balance, implying sellers should be realistic on pricing and buyers can expect measured competition.

Notable Properties

The following 3 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.