Salt Lake City, UT
Housing market overview · Updated weekly
$580,000median sale price
Homes sold
121
Last 12 weeks
Days on market
62
Average pace
Active listings
401
3.3 months supply
Sale-to-list
98.2%
Below asking
The Salt Lake City housing market is currently classified as a balanced market with a median sale price of $580,000. Prices have risen 1.9% compared to last year, with homes spending an average of 62 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Salt Lake City?
The median home sale price in Salt Lake City is $580,000, up 1.9% from last year.
How long do homes stay on market in Salt Lake City?
Homes typically spend 62 days on market before going under contract.
Is Salt Lake City a buyer's or seller's market?
With 3.3 months of supply, Salt Lake City is currently a balanced market.
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