Holladay, UT 84121 Real Estate Market Report

ZIP Code: 84121
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 real estate market in Holladay, UT reflects a median sold price of $754,500, indicating a slight decline in market value. This decrease aligns with the broader trend observed in the area, as the market has shown signs of cooling, transitioning towards a more balanced state. The median days on market have increased to 172 days, suggesting a slower sales velocity and a potential adjustment period for buyers and sellers alike.

Despite the overall decline in sold prices, the median listing price stands at $784,900, indicating a notable gap between seller expectations and actual market performance. The market temperature is currently described as neutral, which may suggest a stabilization phase as both buyers and sellers navigate the evolving landscape. Elevated inventory levels are present, contributing to this balance, while the local economy continues to support underlying housing demand, albeit with a backdrop of down trends in rental prices year-over-year.

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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

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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 the Holladay UT area around 6.09% are notably lower than the 6.87% average seen one year ago, presenting a favorable refinancing window.

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 in Holladay, UT is $754,500, reflecting a decrease in market value.

2. With a median listing price of $784,900, there is a significant gap between listing expectations and actual sales performance.

3. The median days on market have risen to 172 days, indicating a slower sales velocity compared to previous periods.

4. The market temperature is currently neutral, suggesting a balanced environment for both buyers and sellers.

5. Year-over-year trends show that median market rent has decreased to $2,590, indicating down pressure on rental prices.

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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.