Salt Lake City, UT 84123 Real Estate Market Report

ZIP Code: 84123
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

---

Key Findings

1. The primary market-value indicator, median sold price, is not available in the provided metrics; as the definitive measure of transaction-level pricing, its absence limits direct confirmation of realized price levels even though the median listing price $600,000 provides a current asking-price anchor. data gap

2. Despite a seller-leaning context indicated by a hot market temperature, the median days on market 56 suggests slower sales velocity relative to very fast-moving markets and may indicate pockets of pricing friction or selective buyer activity. moderate pace

3. Listing-level pricing shows a median price per square foot 258 and rental context shows a median market rent 1,500, while year-over-year directionals signal strength: price trends are up and rent trends are up; this combination suggests sustained demand pressure supporting price resilience. up

4. Interest rate conditions are reported as moderate pressure, which, combined with a reported hot market temperature, suggests continued seller leverage but also a cautionary influence on affordability that may temper near-term acceleration. moderate

---

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.

Salt Lake City, UT 84123 Real Estate Market Report

ZIP Code: 84123
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

---

Key Findings

1. median sold price (unavailable) — The median sold price is not present in the provided dataset; this likely reflects very limited recent closed-transaction data in the analyzed sample, so rely on listing-side and trend signals for short-term valuation context. data gap

2. median listing price 319,950 vs. limited sales evidence — With a median listing price of 319,950, seller expectations appear anchored at this level but the absence of a recorded median sold price suggests caution when treating asking prices as realized market value. pricing context

3. median days on market 157 — A median days on market of 157 indicates slower sales velocity in the sample and may signal pricing friction or longer negotiation windows despite asking-price levels.

4. market temperature: hot, price year-over-year trend: up, rent year-over-year trend: up, interest rate pressure: moderate, and elevated inventory relative to sales activity — These combined signals point to persistent demand and upward price momentum, but moderate interest rate pressure and the sample's elevated inventory relative to sales activity may temper rapid appreciation and suggest more selective pricing strategies for sellers.

---

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.