Salt Lake County 1st Quarter 2017 Median Home Prices

Summary of how the Salt Lake County Utah housing market performed in the first quarter 2017.

1st Quarter 2017 Housing Market Update

The 1st quarter of 2017 continued where it left off in 2016 will a strong Salt Lake Real Estate Market. Home sales prices for Salt Lake County saw a healthy 10.04% price increase, to stand at a median of $275,000. While the sales price increased, the actual number of homes sold showed a slight decrease, falling 1.55% with 3,377 homes sold in the quarter. This might be interpreted as a slowing of the market, but in truth the decline is down to a lack of inventory rather than a lack of buyers. This is reflected in the median days on market which declined over 9% to sit at just 20 days.

Single Family Home Sales

When we look at single family home prices we see strong sales data, with the sales price climbing above the $300,000 mark to stand at $304,000, a new all time high and 10.55% better than the same time last year. The number of single family homes sold saw a moderate decline of 4.22% and the DOM climbed 8.7% to stand at 25 days.

Condo Home Sales

Condo performance was pretty much the same, with median sales prices increasing 10.98% to $182,000 and condo units sold declining 4.43%. The one piece of data that was different was the DOM, which fell sharply, falling 59% to stand at just 11 days, a very impressive number.

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $369,000 up 1.87%
84009 * South Jordan Condo $210,000 N/A
84020 Draper Single Family $473,485 up 7.57%
84020 Draper Condo $382,000 N/A
84044 Magna Single Family $201,000 up 5.85%
84044 Magna Condo $110,900 N/A
84047 Midvale Single Family $236,000 up 4.94%
84047 Midvale Condo $184,000 up 34.31%
84065 Riverton Single Family $365,500 up 6.11%
84065 Riverton Condo $231,700 N/A
84070 Sandy Single Family $298,900 up 17.61%
84070 Sandy Condo $175,000 up 7.36%
84084 West Jordan Single Family $258,450 up 9.75%
84084 West Jordan Condo $167,500 N/A
84088 West Jordan Single Family $279,950 up 3.11%
84088 West Jordan Condo $250,000 N/A
84092 Sandy Single Family $490,500 up 22.66%
84092 Sandy Condo $627,000 N/A
84093 Sandy Single Family $410,000 up 18.84%
84093 Sandy Condo No Sales N/A
84094 Sandy Single Family $290,000 up 11.97%
84094 Sandy Condo $194,000 N/A
84095 South Jordan Single Family $400,000 up 6.67%
84095 South Jordan Condo $187,000 N/A
84096 Herriman Single Family $355,353 up 8.11%
84096 Herriman Condo $230,000 N/A
84101 Salt Lake City Single Family $142,500 N/A
84101 Salt Lake City Condo $269,500 up 12.03%
84102 Salt Lake City Single Family $335,500 up 0.18%
84102 Salt Lake City Condo $226,500 up 24.36%
84103 Salt Lake City Single Family $461,125 up 2.59%
84103 Salt Lake City Condo $175,000 down 2.01%
84104 Salt Lake City Single Family $187,500 up 17.19%
84104 Salt Lake City Condo $76,500 N/A
84105 Salt Lake City Single Family $375,000 up 5.63%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $310,000 up 5.44%
84106 Salt Lake City Condo $183,000 up 21.80%
84107 Murray Single Family $283,000 up 14.34%
84107 Murray Condo $138,000 up 16.95%
84108 Salt Lake City Single Family $502,000 up 14.74%
84108 Salt Lake City Condo $252,750 N/A
84109 Salt Lake City Single Family $425,000 up 16.44%
84109 Salt Lake City Condo $167,500 N/A
84111 Salt Lake City Single Family $280,000 up 19.66%
84111 Salt Lake City Condo $242,000 up 4.67%
84115 South Salt Lake Single Family $240,000 up 19.43%
84115 South Salt Lake Condo $155,000 N/A
84116 Salt Lake City Single Family $221,000 up 10.50%
84116 Salt Lake City Condo $91,000 N/A
84117 Holladay Single Family $449,000 up 18.63%
84117 Holladay Condo $208,453 up 26.34%
84118 Taylorsville/Kearns Single Family $214,680 up 7.61%
84118 Taylorsville/Kearns Condo No Sales N/A
84119 West Valley City Single Family $211,500 up 5.75%
84119 West Valley City Condo $143,000 up 7.72%
84120 West Valley City Single Family $226,500 up 12.69%
84120 West Valley City Condo $167,500 N/A
84121 Cottonwood Single Family $379,000 up 0.66%
84121 Cottonwood Condo $286,750 up 39.88%
84123 Taylorsville/Murray Single Family $278,000 up 11.45%
84123 Taylorsville/Murray Condo $123,000 down 1.60%
84124 Holladay Single Family $439,900 up 4.74%
84124 Holladay Condo $148,950 N/A
84128 West Valley City Single Family $234,000 up 5.41%
84128 West Valley City Condo $199,000 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.