The Downtown Salt Lake City housing market is not very competitive. The median sale price of a home in Downtown Salt Lake City was $490K last month, up 14.2% since last year. The median sale price per square foot in Downtown Salt Lake City is $430, down 9.47% since last year.
What is the housing market like in Downtown Salt Lake City today?
In February 2025, Downtown Salt Lake City home prices were up 14.2% compared to last year, selling for a median price of $490K. On average, homes in Downtown Salt Lake City sell after 97 days on the market compared to 57 days last year. There were 41 homes sold in February this year, up from 32 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$489,500
+14.2% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Downtown Salt Lake City, UT
$489,500
+14.2%
United States
To compare other locations to the Downtown Salt Lake City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salt Lake City add value to a home.
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How hot is the Downtown Salt Lake City housing market?
Downtown Salt Lake City is not very competitive. Homes sell in 121.5 days.
0
100
24
Not Very 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
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 122 days.
Hot homes
can sell for around list price and go pending in around 49 days.
Learn about schools in the Downtown Salt Lake City area
Elementary
Middle
High
GreatSchools Rating
NR
Salt Lake Virtual Elementary
Public • K-8
58
Students
N/A
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 Downtown Salt Lake City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Salt Lake City.
Flood Factor - Major
57% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Salt Lake City has a major risk of flooding. 1,100 properties in Downtown Salt Lake City are likely to be
severely affected
by flooding over the next 30 years. This represents 57% of all properties in Downtown Salt Lake City. Flood risk is increasing slower than the national average.
49% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Salt Lake City has a moderate risk of wildfire. There are 1,554 properties in Downtown Salt Lake City that have some risk of being affected by wildfire over the next 30 years. This represents 49% of all properties in Downtown Salt Lake City.
Downtown Salt Lake City has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown 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.
81% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Salt Lake City has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 81% of homes in Downtown Salt Lake City have a Moderate Heat Factor®.
Downtown Salt Lake City is expected to see a 157% increase in the number of days over 95ºF over the next 30 years. Downtown Salt Lake City is expected to experience 6