Salt Lake County Home Prices 2Q 2015
Summary of how the Salt Lake County Utah housing market performed in the 2nd quarter 2015.
2nd Quarter 2015 Housing Market Update
Single Family Home Sales
Salt Lake County home prices continued to climb in the 2nd quarter 2015. The median sales price for a single family home climbed 8.24% to $276,000 in the quarter. Homes also sold faster, taking a median of 14 days to go under contract, that’s a 40% improvement over the same time last year. There were a total of 3841 homes sold, 14.90% better than last year’s number.
Most zip codes saw their sales price appreciate, with Murray 84107 showing the best improvement, increasing 20.93% to $260,000. Just 3 zip codes saw their sales price decrease, with Holladay 84124 declining the most, dropping 5.97% to $352,500.
Condo Home Sales
While not on the same level as single family homes, condo prices also experienced price increases, with the median sales price improving 3.83% to $159,900. There were a total of 492 condos sold in the quarter, an increase of 8.85%.
The best performing area was 84111 which experienced a whopping 46.97% increase to $242,500. Just 2 zip codes saw declines, Salt Lake City 84108 which went down 2.84% and Sandy 84070 down 11.83%.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $417,000 | up 8.02% |
| 84020 | Draper | Condo | $163,500 | N/A |
| 84044 | Magna | Single Family | $177,000 | up 14.19% |
| 84044 | Magna | Condo | $117,000 | N/A |
| 84047 | Midvale | Single Family | $234,750 | up 12.56% |
| 84047 | Midvale | Condo | $150,450 | up 3.05% |
| 84065 | Riverton | Single Family | $325,000 | down 1.70% |
| 84065 | Riverton | Condo | $179,000 | N/A |
| 84070 | Sandy | Single Family | $240,000 | up 7.87% |
| 84070 | Sandy | Condo | $135,700 | down 11.83% |
| 84084 | West Jordan | Single Family | $234,950 | up 11.93% |
| 84084 | West Jordan | Condo | $150,000 | N/A |
| 84088 | West Jordan | Single Family | $252,000 | up 2.86% |
| 84088 | West Jordan | Condo | $185,000 | N/A |
| 84092 | Sandy | Single Family | $425,500 | up 13.92% |
| 84092 | Sandy | Condo | $440,000 | N/A |
| 84093 | Sandy | Single Family | $367,450 | up 10.81% |
| 84093 | Sandy | Condo | $212,000 | N/A |
| 84094 | Sandy | Single Family | $260,000 | up 7.44% |
| 84094 | Sandy | Condo | $129,000 | N/A |
| 84095 | South Jordan | Single Family | $359,950 | up 2.84% |
| 84095 | South Jordan | Condo | $208,500 | N/A |
| 84096 | Herriman | Single Family | $310,629 | up 4.24% |
| 84096 | Herriman | Condo | $159,900 | N/A |
| 84101 | Salt Lake City | Single Family | $167,000 | N/A |
| 84101 | Salt Lake City | Condo | $298,000 | up 27.57% |
| 84102 | Salt Lake City | Single Family | $290,700 | up 6.88% |
| 84102 | Salt Lake City | Condo | $189,950 | up 19.47% |
| 84103 | Salt Lake City | Single Family | $469,350 | up 8.77% |
| 84103 | Salt Lake City | Condo | $193,429 | up 0.35% |
| 84104 | Salt Lake City | Single Family | $160,000 | up 17.65% |
| 84104 | Salt Lake City | Condo | $63,500 | N/A |
| 84105 | Salt Lake City | Single Family | $325,200 | up 0.06% |
| 84105 | Salt Lake City | Condo | No Sales | No Sales |
| 84106 | Salt Lake City | Single Family | $289,500 | up 8.63% |
| 84106 | Salt Lake City | Condo | $148,000 | up 10.15% |
| 84107 | Murray | Single Family | $260,000 | up 20.93% |
| 84107 | Murray | Condo | $120,760 | up 0.22% |
| 84108 | Salt Lake City | Single Family | $435,000 | up 1.81% |
| 84108 | Salt Lake City | Condo | $257,000 | down 2.84% |
| 84109 | Salt Lake City | Single Family | $340,250 | up 8.02% |
| 84109 | Salt Lake City | Condo | $135,000 | N/A |
| 84111 | Salt Lake City | Single Family | $209,000 | up 18.08% |
| 84111 | Salt Lake City | Condo | $242,500 | up 46.97% |
| 84115 | South Salt Lake | Single Family | $210,000 | up 8.25% |
| 84115 | South Salt Lake | Condo | $142,000 | N/A |
| 84116 | Salt Lake City | Single Family | $180,000 | up 14.41% |
| 84116 | Salt Lake City | Condo | $69,900 | N/A |
| 84117 | Holladay | Single Family | $358,700 | up 6.28% |
| 84117 | Holladay | Condo | $199,500 | up 44.57% |
| 84118 | Taylorsville/Kearns | Single Family | $192,500 | up 13.97% |
| 84118 | Taylorsville/Kearns | Condo | $89,500 | N/A |
| 84119 | West Valley City | Single Family | $182,000 | up 7.06% |
| 84119 | West Valley City | Condo | $127,250 | up 7.38% |
| 84120 | West Valley City | Single Family | $192,000 | up 9.75% |
| 84120 | West Valley City | Condo | No Sales | No Sales |
| 84121 | Cottonwood | Single Family | $347,000 | up 11.22% |
| 84121 | Cottonwood | Condo | $221,350 | up 10.95% |
| 84123 | Taylorsville/Murray | Single Family | $230,000 | down 3.56% |
| 84123 | Taylorsville/Murray | Condo | $115,500 | up 10% |
| 84124 | Holladay | Single Family | $352,500 | down 5.97% |
| 84124 | Holladay | Condo | $236,000 | N/A |
| 84128 | West Valley City | Single Family | $210,000 | up 15.81% |
| 84128 | West Valley City | Condo | $214,900 | N/A |