Salt Lake County Home Prices 1st Quarter 2016

Summary of how the Salt Lake County Utah housing market performed in the 1st quarter 2016.

1st Quarter 2016 Housing Market Update

Single Family Home Sales

While the tightening inventory levels saw homes sales decline in the first quarter (a drop of 3% to 2549 sales in the quarter), the median home sales price climbed 7.38% to stand at $274,900. The median time taken to sell a single family home dropped an impressive 45% to stand at 23 days.

Condo Home Sales

The condo market showed marked improvement in the 1st quarter, with the median sales price increasing 3.98% on the back of slightly increased condo sales, which were up 1.06% to 380 units sold. Condos sold much faster than the same time last year, taking just 27 days to go under contract, that’s a 52% improvement.

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $361,441 N/A
84009 * South Jordan Condo No Sales N/A
84020 Draper Single Family $431,750 up 3.41%
84020 Draper Condo $162,000 N/A
84044 Magna Single Family $189,900 up 14.40%
84044 Magna Condo $124,000 N/A
84047 Midvale Single Family $224,900 up 3.64%
84047 Midvale Condo $137,500 down 1.65%
84065 Riverton Single Family $329,000 up 4.80%
84065 Riverton Condo $154,900 N/A
84070 Sandy Single Family $254,150 up 12.71%
84070 Sandy Condo $163,000 up 4.82%
84084 West Jordan Single Family $235,500 up 12.14%
84084 West Jordan Condo $156,500 N/A
84088 West Jordan Single Family $270,000 up 13.92%
84088 West Jordan Condo No Sales N/A
84092 Sandy Single Family $399,900 up 22.88%
84092 Sandy Condo No Sales N/A
84093 Sandy Single Family $342,450 up 10.29%
84093 Sandy Condo $269,000 N/A
84094 Sandy Single Family $259,000 up 5.71%
84094 Sandy Condo $174,000 N/A
84095 South Jordan Single Family $375,000 up 2.16%
84095 South Jordan Condo $167,900 up 2.38%
84096 Herriman Single Family $327,500 up 9.64%
84096 Herriman Condo No Sales N/A
84101 Salt Lake City Single Family $147,500 N/A
84101 Salt Lake City Condo $240,550 up 3.69%
84102 Salt Lake City Single Family $339,950 up 13.70%
84102 Salt Lake City Condo $184,262 down 3.02%
84103 Salt Lake City Single Family $449,500 up 14.67%
84103 Salt Lake City Condo $178,584 down 3.99%
84104 Salt Lake City Single Family $161,000 up 4.89%
84104 Salt Lake City Condo $122,750 N/A
84105 Salt Lake City Single Family $355,000 up 13.24%
84105 Salt Lake City Condo $425,000 N/A
84106 Salt Lake City Single Family $295,000 up 11.69%
84106 Salt Lake City Condo $146,495 down 9.57%
84107 Murray Single Family $244,000 up 6.09%
84107 Murray Condo $118,000 down 14.48%
84108 Salt Lake City Single Family $437,500 up 4.67%
84108 Salt Lake City Condo $284,900 N/A
84109 Salt Lake City Single Family $367,475 up 9.63%
84109 Salt Lake City Condo $264,850 N/A
84111 Salt Lake City Single Family $234,000 up 17%
84111 Salt Lake City Condo $231,200 up 16.04%
84115 South Salt Lake Single Family $200,950 up 8.62%
84115 South Salt Lake Condo $126,000 N/A
84116 Salt Lake City Single Family $200,000 up 24.22%
84116 Salt Lake City Condo $65,000 N/A
84117 Holladay Single Family $378,500 down 2.95%
84117 Holladay Condo $165,000 up 38.31%
84118 Taylorsville/Kearns Single Family $200,000 up 17.30%
84118 Taylorsville/Kearns Condo $92,600 N/A
84119 West Valley City Single Family $199,000 up 11.64%
84119 West Valley City Condo $132,750 up 29.51%
84120 West Valley City Single Family $201,000 up 12.20%
84120 West Valley City Condo $174,000 N/A
84121 Cottonwood Single Family $375,000 up 25%
84121 Cottonwood Condo $205,000 up 0.49%
84123 Taylorsville/Murray Single Family $249,900 up 3.26%
84123 Taylorsville/Murray Condo $125,000 up 7.99%
84124 Holladay Single Family $420,000 up 29.03%
84124 Holladay Condo $124,900 N/A
84128 West Valley City Single Family $221,475 up 13.61%
84128 West Valley City Condo $173,450 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.