Salt Lake County Prices 1Q 2014

Summary of how the Salt Lake County Utah housing market performed in the first quarter 2014.

1st Quarter 2014 Housing Market Update

Home prices continued their upward momentum in the first quarter 2014, with just 3 Salt Lake County zip codes seeing the median sales price drop for single family homes.  The area experiencing the most increase was Holladay 84124 which increased 24.02% when compared to Q1 2013. The worst performing area was somewhat of a surprise, with the Avenues 84103 area falling 9.7%.

If we look at single family home sales data for the entire county we can see a slightly different picture. While sales prices were up 7.93% to $245,000, the number of homes sold was down 5.11%, and the median days on market (how long it took to sell a home) climbed 57% to 52 days. While this is not a drastic downturn it does highlight the slowdown in the real estate market that we started to see in the 3rd quarter of last year.

The condo market shows similar results, with median sales prices climbing 8.7% to $146,750, but with 11.32% fewer condo sales, which took a median of 54 days to sell (an increase of 25%).

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $400,000 up 5.26%
84020 Draper Condo $225,000 N/A
84044 Magna Single Family $152,000 up 8.57%
84044 Magna Condo $59,450 N/A
84047 Midvale Single Family $215,000 up 22.86%
84047 Midvale Condo $130,500 up 1.56%
84065 Riverton Single Family $314,343 up 11.59%
84065 Riverton Condo $142,000 N/A
84070 Sandy Single Family $227,950 up 11.74%
84070 Sandy Condo $149,373 N/A
84084 West Jordan Single Family $206,000 up 11.47%
84084 West Jordan Condo $113,500 N/A
84088 West Jordan Single Family $238,000 up 1.17%
84088 West Jordan Condo $230,000 N/A
84092 Sandy Single Family $394,950 up 17.37%
84092 Sandy Condo $262,000 N/A
84093 Sandy Single Family $317,750 up 7.35%
84093 Sandy Condo No Sales N/A
84094 Sandy Single Family $240.950 up 14.06%
84094 Sandy Condo $118,800 N/A
84095 South Jordan Single Family $350,500 up 11.27%
84095 South Jordan Condo $173,000 N/A
84096 Herriman Single Family $303,021 up 9.79%
84096 Herriman Condo $150,000 N/A
84101 Salt Lake City Single Family $115,625 N/A
84101 Salt Lake City Condo $200,000 N/A
84102 Salt Lake City Single Family $222,000 up 4.47%
84102 Salt Lake City Condo $160,000 up 6.74%
84103 Salt Lake City Single Family $358,000 down 9.70%
84103 Salt Lake City Condo $173,250 down 30.98%
84104 Salt Lake City Single Family $126,500 up 17.13%
84104 Salt Lake City Condo $59,113 N/A
84105 Salt Lake City Single Family $312,500 up 17.04%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $274,210 up 18.19%
84106 Salt Lake City Condo $180,500 up 50.42%
84107 Murray Single Family $215,500 up 0.70%
84107 Murray Condo $112,500 up 18.42%
84108 Salt Lake City Single Family $399,000 up 8.59%
84108 Salt Lake City Condo $288,500 up 64.86%
84109 Salt Lake City Single Family $305,000 down 3.48%
84109 Salt Lake City Condo $175,500 N/A
84111 Salt Lake City Single Family $194,000 up 4.86%
84111 Salt Lake City Condo $196,900 up 6.43%
84115 South Salt Lake Single Family $177,750 up 5.18%
84115 South Salt Lake Condo $100,750 N/A
84116 Salt Lake City Single Family $158,800 up 13.43%
84116 Salt Lake City Condo $68,000 N/A
84117 Holladay Single Family $372,500 up 9.88%
84117 Holladay Condo $125,500 up 12.43%
84118 Taylorsville/Kearns Single Family $158,200 up 13%
84118 Taylorsville/Kearns Condo $110,000 N/A
84119 West Valley City Single Family $160,000 up 3.56%
84119 West Valley City Condo $99,550 N/A
84120 West Valley City Single Family $172,000 up 12.42%
84120 West Valley City Condo No Sales N/A
84121 Cottonwood Single Family $313,000 up 10.11%
84121 Cottonwood Condo $184,500 down 0.27%
84123 Taylorsville/Murray Single Family $221,000 down 1.78%
84123 Taylorsville/Murray Condo $115,000 N/A
84124 Holladay Single Family $386,000 up 24.02%
84124 Holladay Condo $219,900 N/A
84128 West Valley City Single Family $180,700 up 3.85%
84128 West Valley City Condo $130,000 N/A
Data for home prices information provided by WFRMLS