Salt Lake County Prices 2Q 2014

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

2nd Quarter 2014 Housing Market Update

Home price appreciation in Salt Lake County slowed to 2% in the 2nd quarter 2014. The median home price for a single family home stood at $255,000, which is only slightly below the peak level seen last in the 2nd quarter 2007 when it hit $256,000. The number of homes sold 9.62% with 3242 homes sold.

Condo sales faired pretty much the same as single family homes. The median condo sales price climbed 3.01% to $154,000. This is the highest level since the peak of $162,113 seen in the 2nd quarter 2009. Condo sales declined less than single family home sales, dropping 3.1% with 438 condo sales in the quarter.

Combines single family home and condo sales were taking longer, with the median days on market climbing to 27 days (this is still a pretty good number).

While no one can determine what the real estate market will do in the future, it is clear that first time home buyer affordable is impacting the market, with some buyers being priced out of the market.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $370,000 down 11.22%
84020 Draper Condo $246,635 N/A
84044 Magna Single Family $155,000 No Change
84044 Magna Condo $91,250 N/A
84047 Midvale Single Family $208,554 up 4.28%
84047 Midvale Condo $146,000 up 14.21%
84065 Riverton Single Family $331,000 up 6.43%
84065 Riverton Condo $147,000 N/A
84070 Sandy Single Family $223,000 down 0.89%
84070 Sandy Condo $153,900 up 6.58%
84084 West Jordan Single Family $210,000 up 10.85%
84084 West Jordan Condo $126,330 down 12.09%
84088 West Jordan Single Family $245,500 up 2.29%
84088 West Jordan Condo $202,500 N/A
84092 Sandy Single Family $373,000 up 0.43%
84092 Sandy Condo $292,250 N/A
84093 Sandy Single Family $331,600 down 1.75%
84093 Sandy Condo $907,500 N/A
84094 Sandy Single Family $242,000 up 0.83%
84094 Sandy Condo $151,000 N/A
84095 South Jordan Single Family $350,000 up 7.69%
84095 South Jordan Condo $164,900 N/A
84096 Herriman Single Family $295,000 No Change
84096 Herriman Condo $132,500 N/A
84101 Salt Lake City Single Family $132,500 N/A
84101 Salt Lake City Condo $233,599 down 25.13%
84102 Salt Lake City Single Family $272,000 down 5.06%
84102 Salt Lake City Condo $159,000 up 8.53%
84103 Salt Lake City Single Family $435,000 up 22.19%
84103 Salt Lake City Condo $192,750 down 17.10%
84104 Salt Lake City Single Family $136,495 up 13.75%
84104 Salt Lake City Condo $67,000 N/A
84105 Salt Lake City Single Family $325.000 up 11.53%
84105 Salt Lake City Condo No Sales No Sales
84106 Salt Lake City Single Family $268,450 up 2.85%
84106 Salt Lake City Condo $139,000 up 3.04%
84107 Murray Single Family $215,000 down 1.60%
84107 Murray Condo $124,400 down 11.14%
84108 Salt Lake City Single Family $427,250 up 6.87%
84108 Salt Lake City Condo $264,500 up 1.98%
84109 Salt Lake City Single Family $318,450 up 1.10%
84109 Salt Lake City Condo $179,900 N/A
84111 Salt Lake City Single Family $177,000 down 1.67%
84111 Salt Lake City Condo $159,000 down 16.84%
84115 South Salt Lake Single Family $194,000 up 14.15%
84115 South Salt Lake Condo $108,600 N/A
84116 Salt Lake City Single Family $159,650 up 4.35%
84116 Salt Lake City Condo $70,000 N/A
84117 Holladay Single Family $330,000 down 21.58%
84117 Holladay Condo $144,250 up 11.05%
84118 Taylorsville/Kearns Single Family $168,900 up 6.39%
84118 Taylorsville/Kearns Condo $117,900 N/A
84119 West Valley City Single Family $167,900 down 0.65%
84119 West Valley City Condo $118,500 up 23.44%
84120 West Valley City Single Family $174,900 up 2.88%
84120 West Valley City Condo $127,500 N/A
84121 Cottonwood Single Family $312,000 up 1.13%
84121 Cottonwood Condo $199,500 up 20.91%
84123 Taylorsville/Murray Single Family $238,750 up 3.85%
84123 Taylorsville/Murray Condo $105,000 up 18.14%
84124 Holladay Single Family $372,450 up 6.41%
84124 Holladay Condo $174,000 N/A
84128 West Valley City Single Family $180,900 up 0.56%
84128 West Valley City Condo $170,000 N/A
Data for home prices information provided by WFRMLS