Salt Lake City, UT 84111 Real Estate Market Report

ZIP Code: 84111
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the median sold price in Salt Lake City, UT stands at $525,000, reflecting a stable market with year-over-year price appreciation. The neighborhood has increased up since 2023, indicating a resilient demand despite current market conditions. The median listing price is notably higher at $694,950, suggesting a significant pricing gap between seller expectations and actual transaction values, which may create pricing friction for potential buyers.

Market activity is characterized by elevated inventory levels, leading to a median days on market of 240. This extended timeframe indicates a slower sales velocity, as homes are taking longer to sell. The market temperature remains neutral, suggesting a balanced environment where supply and demand are relatively aligned, although moderate interest rate pressure may influence buyer behavior moving forward.

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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, UT, average around 6.58% compared to recent lows near 5.625% seen earlier in 2026.

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 median sold price of $525,000 indicates a stable market with ongoing year-over-year appreciation.

2. Elevated inventory levels suggest excess supply relative to sales activity, contributing to a median days on market of 240.

3. The median listing price of $694,950 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Market temperature is neutral, suggesting a balanced environment where supply and demand are relatively aligned.

5. Moderate interest rate pressure may impact buyer affordability and overall market activity moving forward.

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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.