Salt Lake City, UT 84118 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

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 for realized market value, median sold price, is not available in the provided metrics; this likely reflects insufficient recent closed-sales in the sampled dataset and suggests relying on listing-based signals and sample context to infer near-term market value data gap.
2. The median listing price is 415,000 and, paired with a median days on market of 77, suggests slower sales velocity and pricing friction; combined with elevated inventory relative to sales activity, this appears to be creating more balanced negotiation leverage for buyers and sellers moderate/neutral balance.
3. Price momentum shows a price year-over-year trend of up while rental momentum shows rent year-over-year trend of down; with interest rate pressure labeled moderate and local 30-year fixed mortgage levels around 6.5% (roughly 0.6% higher than earlier in 2026), financing costs are a moderating factor on price acceleration moderating interest-rate headwind.
4. Market-level valuation context from market statistics — a median price per square foot of 272 and a median market rent of 2,295 — indicates pricing that remains supported by rents even as rent growth slows; investors and operators should be cautious due to declining rent momentum and the noted elevated inventory relative to sales activity rental moderation.

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.