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 |
| 84129 | Taylorsville | Single Family | $240,000 | up 7.62% |
| 84129 | Taylorsville | Condo | $112,450 | N/A |