Salt Lake City, UT 84124 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. median sold price is not available in the provided metrics; this absence may reflect limited recent closings in the sample or a data lag in transaction reporting rather than a market absence — use caution when inferring realized market value from listings alone.
2. median listing price: 797,840 coupled with a median days on market: 39 suggests pricing is holding but sales velocity has moderated; the combination may indicate representative recent sale pricing is needed to confirm if asking prices align with final sale outcomes.
3. market temperature: neutral while the price year-over-year trend: up indicates price resilience even as overall transaction conditions balance out; this environment appears to favor measured pricing moves rather than rapid appreciation — stable balance.
4. interest rate pressure: elevated and localized rates note that Current 30-year fixed mortgage rates in the 84124 area are averaging 6.6%, reflecting a period of elevated borrowing costs compared to the 5.98% lows seen earlier in 2026; this elevated borrowing costs may restrain some buyer segments and elongate time-to-contract, while median market rent: 1,750 and a rent year-over-year trend: down point to a softening rental backdrop that could reduce investor demand.

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.