Salt Lake City, UT 84117 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. median sold price is unavailable in the provided metrics, so a representative recent transaction value cannot be stated; this absence limits direct calibration of realized market value and suggests relying on listing-based and trend signals until sold-price data is provided. data gap
2. median listing price: $1,144,950 signals elevated seller expectations relative to typical market inventory and should be read alongside sale data (when available) to judge price realization risk. pricing friction
3. median days on market: 46 indicates moderate sales velocity — not rapid turnover but not stagnation — which, combined with the reported market temperature being neutral, suggests a balanced negotiation environment for buyers and sellers. balanced market
4. Current 30-year fixed mortgage rates in Salt Lake City, UT 84117 average approximately 6.375% to 6.58% as of June 2026 and the stated moderate interest rate pressure may cap upward price momentum even as the price year-over-year trend is reported as up; factor financing costs into pricing and holding-time decisions. rate sensitivity

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.