Salt Lake City, UT 84111 Real Estate Market Report

ZIP Code: 84111
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

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.

---

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

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.

---

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 84111 average approximately 6.35%, reflecting a stable market environment for property owners compared to the 6.58% average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. median sold price is not available in the provided metrics, so a representative recent transaction value cannot be reported; this absence means the analysis must rely on listing-side signals and sample-based inventory context to infer market direction rather than definitive transaction-level pricing.

2. median listing price of $925,000 indicates seller pricing expectations at the higher end of the local SFR/condo spectrum; combined with a neutral market temperature, this suggests pricing is firm but not overheating.

3. median days on market of 136 signals slower sales velocity and potential pricing friction; given the sample shows elevated inventory relative to sales activity, this longer listing duration may indicate buyers are negotiating more aggressively or waiting for clearer value.

4. median market rent of $1,200 and a rent year-over-year trend that is down suggest cooling rental demand, while interest rate dynamics—current 30-year fixed mortgage rates around 6.35% versus an earlier 6.58%—combined with moderate interest rate pressure, may keep buyer affordability and transaction timing cautious despite a price year-over-year trend that is up.

---

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.

Salt Lake City, UT 84111 Real Estate Market Report

ZIP Code: 84111
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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

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.

---

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

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 84111 average approximately 6.35%, reflecting a stable market environment for property owners compared to the 6.58% average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator, the median sold price, is currently unavailable in the provided sample dataset, which may indicate limited recent transaction reporting or that analyzed sales data did not include completed sale prices; this absence should be treated as a data gap when assessing realized market value. neutral

2. The neighborhood shows a median listing price of $669,500 alongside a long median days on market of 198, which suggests pricing friction and slower sales velocity rather than rapid turnover; sellers should expect listings to remain exposed longer and consider pricing or condition adjustments to accelerate offers. slower sales velocity

3. Market balance signals are mixed: the market temperature is neutral while the analyzed sample indicates elevated inventory relative to sales activity, which appears to create moderate negotiation leverage for buyers despite steady price trends; expect moderate transaction volume rather than hot, competitive bidding. neutral

4. Price momentum and financing context: the price year-over-year trend is up while the rent year-over-year trend is down, and interest rate pressure is moderate (current 30-year fixed mortgage rates ~6.35% vs a recent 6.58% average earlier in 2026); investors should weigh rising sale prices against softer rental growth and continued rate sensitivity when underwriting acquisitions. up

---

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.