Salt Lake City, UT 84115 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 primary indicator, median sold price, is not provided in the available metrics, so recent transaction benchmarks cannot be directly stated; use the available median listing price: 497,000 as the closest market reference instead (use listing data cautiously).
2. Pricing snapshot shows a median listing price: 497,000 with a median price per square foot: 320 and a median days on market: 27, which—combined with the sample's elevated inventory relative to sales—suggests pricing friction and moderated sales velocity rather than rapid turnover.
3. Interest-rate and financing context is a headwind: the report lists elevated interest rate pressure and notes current 30-year fixed mortgage rates averaging approximately 6.6% as of July 2026, which may dampen affordability and slow buyer urgency.
4. Rental dynamics are supportive of holding value: median market rent: 1,399 with a reported rent year-over-year trend: up, indicating strengthening rental demand that can partially offset sales-market softness for investors or owners evaluating hold vs. sell decisions.

Notable Properties

The following 1 property 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.