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Salt Lake City Market Report

$843,613

AVERAGE PRICE OF 804 HOMES

$321,225

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,390,968

AVERAGE PRICE OF 138 MULTI-MILLION DOLLAR HOMES

$1,412,450

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$1,051,262

AVERAGE PRICE OF 88 HOMES WITH A POOL

$528,793

AVERAGE PRICE OF 43 REDUCED PRICE HOMES

Average Home

Average Price $843,613
Avg Bedrooms 3.42 beds
Avg Bathrooms 2.47 baths

Average Price by Bedrooms

1 bedroom $369,424
2 bedrooms $456,054
3 bedrooms $549,362
4 bedrooms $724,675
5 bedrooms $1,118,625
Salt Lake City Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings n/a 927 1,080 1,128 1,110
Average Price n/a $823,369 $804,940 $814,688 $808,131
Avg Price Change n/a +2.29% -1.21% +0.81% +1.49%
Median Price n/a $558,234 $565,412 $586,984 $597,878
Med Price Change n/a -1.29% -3.82% -1.86% +0.31%
Avg Bedrooms n/a 3.28 beds 3.28 beds 3.33 beds 3.35 beds
Avg Bathrooms n/a 2.35 baths 2.34 baths 2.36 baths 2.38 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East 141 $969,463 86 days
Highland 110 $803,609 89 days
Kearns 61 $410,609 79 days
Olympus 71 $746,082 90 days
West 162 $812,397 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 804 $843,613 91 days
Distressed Homes 4 $321,225 127 days
Multi-Million Dollar Homes 138 $2,390,968 118 days
Newly Built Homes 32 $1,412,450 116 days
Homes with a Pool 88 $1,051,262 81 days
Reduced Price Homes 43 $528,793 60 days
KW South Valley Keller Williams | Peak Collective Real Estate
4020 W Daybreak Pkwy
South Jordan, UT 84009
801-382-9919

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of February 1, 2023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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