Salt Lake County Prices 1Q 2012

Summary of how the Salt Lake County Utah housing market performed in the first quarter 2012.

1st Quarter 2012 Housing Market Update

Home sales for Salt Lake County single family homes increased over 20% in the 1st quarter 2012. A total of 2,186 Salt Lake homes were sold, up from 1,810 in the 1st quarter 2011. Homes also sold faster with the median days on market falling 32.71% to 72 days (includes all types of homes).. Even with these positive signs the median home price declined 5%,, to $190,000. When we look at the zip code level, the best performing areas were Holladay 84124 up 16%, South Salt Lake 84115 up 9.19% and Draper 84020 up 7.80%. On the down side Holladay 84117 went down 22.58%.

The Salt Lake Condo market saw similar results, with condo sales up 15% to 247. The median price for a condo fell far more than single family homes, declining to $118,500, down 15.66% from the 1st quarter 2011.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $342,250 up 7.80%
84020 Draper Condo $159,500 N/A
84044 Magna Single Family $109,900 down 12.08%
84044 Magna Condo $47,500 N/A
84047 Midvale Single Family $152,825 down 9.70%
84047 Midvale Condo $100,485 N/A
84065 Riverton Single Family $240,000 down 13.82%
84065 Riverton Condo $186,500 N/A
84070 Sandy Single Family $177,500 down 1.39%
84070 Sandy Condo $115,688 N/A
84084 West Jordan Single Family $156,000 down 2.50%
84084 West Jordan Condo $102,000 N/A
84088 West Jordan Single Family $196,000 up 2.35%
84088 West Jordan Condo $190,450 N/A
84092 Sandy Single Family $299,000 up 7.55%
84092 Sandy Condo No Sales N/A
84093 Sandy Single Family $255,500 down 7.93%
84093 Sandy Condo No Sales N/A
84094 Sandy Single Family $201,500 up 3.60%
84094 Sandy Condo $145,000 N/A
84095 South Jordan Single Family $265,000 down 2.77%
84095 South Jordan Condo $144,276 N/A
84096 Herriman Single Family $245,000 down 2.2%
84096 Herriman Condo $120,400 N/A
84101 Salt Lake City Single Family $120,000 N/A
84101 Salt Lake City Condo $189,950 down 7.34%
84102 Salt Lake City Single Family $234,000 up 1.32%
84102 Salt Lake City Condo $187,000 up 19.49%
84103 Salt Lake City Single Family $324,300 down 5.80%
84103 Salt Lake City Condo $155,500 down 2.81%
84104 Salt Lake City Single Family $85,405 down 5.37%
84104 Salt Lake City Condo $35,000 N/A
84105 Salt Lake City Single Family $251,500 up 6.12%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $199,900 down 0.05%
84106 Salt Lake City Condo $160,000 down 30.35%
84107 Murray Single Family $194,950 up 2.34%
84107 Murray Condo $92,500 down 27.59%
84108 Salt Lake City Single Family $342,250 down 7.12%
84108 Salt Lake City Condo $265,000 N/A
84109 Salt Lake City Single Family $260,105 down 6.27%
84109 Salt Lake City Condo $108,247 N/A
84111 Salt Lake City Single Family $137,500 down 18.74%
84111 Salt Lake City Condo $107,000 down 24.09%
84115 South Salt Lake Single Family $135,283 up 9.19%
84115 South Salt Lake Condo $62,000 N/A
84116 Salt Lake City Single Family $119,900 down 0.08%
84116 Salt Lake City Condo $76,000 down 5.30%
84117 Holladay Single Family $240,000 down 22.58%
84117 Holladay Condo $135,000 up 26.17%
84118 Taylorsville/Kearns Single Family $125,000 down 3.33%
84118 Taylorsville/Kearns Condo $145,000 N/A
84119 West Valley City Single Family $122,750 down 6.61%
84119 West Valley City Condo $79,100 N/A
84120 West Valley City Single Family $127,900 down 4.55%
84120 West Valley City Condo $63,000 N/A
84121 Cottonwood Single Family $269,750 down 7.33%
84121 Cottonwood Condo $232,500 up 89.02%
84123 Taylorsville/Murray Single Family $188,500 down 5.75%
84123 Taylorsville/Murray Condo $67,500 N/A
84124 Holladay Single Family $290,000 up 16%
84124 Holladay Condo $155,000 N/A
84128 West Valley City Single Family $148,500 up 0.81%
84128 West Valley City Condo No Sales N/A
Data for home prices information provided by WFRMLS