Salt Lake City, UT 84123 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 of market value is the median sold price, which is unavailable in the provided metrics; this may be because recent closed-transaction data in ZIP 84123 is limited in the analyzed sample or withheld from the dataset, so rely more on listed-price and price-per-square-foot context for near-term signals. unavailable
2. The current pricing snapshot shows a median listing price of $560,000 alongside a median price per square foot of $258 and a median days on market of 39, which together suggest moderate sales velocity and that listing prices are a useful but imperfect guide to recent transaction levels.
3. Market dynamics are broadly balanced: the market temperature is neutral while the price year-over-year trend is up and interest rate pressure is moderate; this combination suggests the market appears neutral overall with cautious upward pricing pressure and some sensitivity to financing costs (noting Current 30-year fixed mortgage rates in Salt Lake City 84123 are approximately 6.4% compared to the 5.99% average observed earlier in 2026).
4. The rental side shows a median market rent of $1,425 with rent year-over-year trend up, indicating improving rental demand and growing rent levels that could support investor interest where purchase pricing and financing align.

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.