The Salt Lake City housing market is somewhat competitive. Homes in Salt Lake City receive 3 offers on average and sell in around 35 days. The median sale price of a home in Salt Lake City was $555K last month, up 2.8% since last year. The median sale price per square foot in Salt Lake City is $343, up 0.6% since last year.
What is the housing market like in Salt Lake City today?
In March 2024, Salt Lake City home prices were up 2.8% compared to last year, selling for a median price of $555K. On average, homes in Salt Lake City sell after 35 days on the market compared to 36 days last year. There were 147 homes sold in March this year, down from 153 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$555,000
+2.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Salt Lake City, UT
$555,000
+2.8%
United States
To compare other locations to the Salt Lake City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Salt Lake City's median sale price is 32% higher than the national average. Overall cost of living in Salt Lake City is 9% higher than the national average. Learn which home features in Salt Lake City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Salt Lake City housing market?
Salt Lake City is somewhat competitive. Homes sell in 41 days.
0
100
59
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 41 days.
Hot homes
can sell for about 2% above list price and go pending in around 13 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Salt Lake City
Explore recent offers and recently sold homes in Salt Lake City
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$650K Offer
Sold for $700K
4bd | 1.75ba | ~1,750sqft
Over List Price
0%
Days on Market
—
Competing Offers
3
Down Payment
<10%
Jessica Lippincott
Salt Lake City Redfin Agent
Walker would not drop the seller credits to become the backup offer
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Uintah School
Public • K-6
505
Students
8 reviews
8/10
Hawthorne School
Public • K-6
442
Students
3 reviews
8/10
Ensign School
Public • PreK-6
330
Students
3 reviews
8/10
Beacon Heights School
Public • K-6
494
Students
12 reviews
8/10
Rosecrest School
Public • PreK-6
476
Students
4 reviews
Only showing 5 of
50 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Salt Lake City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Salt Lake City.
Risk Factor
Flood Factor - Major
38% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salt Lake City has a major risk of flooding. 12,326 properties in Salt Lake City are likely to be
severely affected
by flooding over the next 30 years. This represents 38% of all properties in Salt Lake City. Flood risk is increasing slower than the national average.
55% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salt Lake City has a moderate risk of wildfire. There are 37,467 properties in Salt Lake City that have some risk of being affected by wildfire over the next 30 years. This represents 55% of all properties in Salt Lake City.
Salt Lake City has minimal risk of severe winds over the next 30 years
Wind Factor
Salt Lake City has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.