Salt Lake County Home Prices 2nd Quarter 2016

Summary of how the Salt Lake County Utah housing market performed in the 2nd quarter 2016.

2nd Quarter 2016 Housing Market Update

The 2nd quarter 2016 saw strong home sales across the board, with the median sales price climbing to an all time high of $269,900 (includes all property types). The 6.89% rise in property sales prices were on the back on home sales which increased 3.41% to 5217. The number that was really shocking was the median days on market, which tells us the median number of days it took for a property to go under contract. That number stood at just 9 days for the 2nd quarter.

Single Family Home Sales

The single family home median sales price hit the $300,000 mark for the first time in the 2nd quarter 2016. That was a 8.50% increase over last year and that was with a slight decrease in home sales which declined 0.86% (pretty much remained flat). Underlining the strong real estate market, the median days on market dropped to an impressive 8 days.

Condo Home Sales

On the back of strong condo sales which climbed 13.86%, the median sales price for a condo in Salt Lake County saw an increase of 4.82% to $167,500.

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $368,949 N/A
84009 * South Jordan Condo $169,900 N/A
84020 Draper Single Family $460,000 up 9.79%
84020 Draper Condo $250,000 up 52.91%
84044 Magna Single Family $199,950 up 12.97%
84044 Magna Condo $104,950 N/A
84047 Midvale Single Family $247,500 up 5.43%
84047 Midvale Condo $142,000 down 5.62%
84065 Riverton Single Family $353,300 up 8.71%
84065 Riverton Condo $154,900 N/A
84070 Sandy Single Family $269,900 up 12.46%
84070 Sandy Condo $161,500 up 18.84%
84084 West Jordan Single Family $247,000 up 5.11%
84084 West Jordan Condo $166,754 N/A
84088 West Jordan Single Family $284,000 up 12.28%
84088 West Jordan Condo $208,000 N/A
84092 Sandy Single Family $400,000 down 5.21%
84092 Sandy Condo $432,500 N/A
84093 Sandy Single Family $382,950 up 6.38%
84093 Sandy Condo No Sales N/A
84094 Sandy Single Family $284,250 up 9.33%
84094 Sandy Condo $150,000 N/A
84095 South Jordan Single Family $399,900 up 11.11%
84095 South Jordan Condo $210,149 N/A
84096 Herriman Single Family $344,500 up 10.90%
84096 Herriman Condo $172,000 N/A
84101 Salt Lake City Single Family $194,950 N/A
84101 Salt Lake City Condo $275,500 down 7.08%
84102 Salt Lake City Single Family $338,000 up 16.27%
84102 Salt Lake City Condo $202,050 up 6.37%
84103 Salt Lake City Single Family $492,000 up 4.83%
84103 Salt Lake City Condo $212,500 up 10.68%
84104 Salt Lake City Single Family $169,000 up 5.62%
84104 Salt Lake City Condo $65,000 N/A
84105 Salt Lake City Single Family $394,000 up 21.16%
84105 Salt Lake City Condo $392,100 N/A
84106 Salt Lake City Single Family $320,000 up 10.82%
84106 Salt Lake City Condo $165,000 up 10.74%
84107 Murray Single Family $270,000 up 3.85%
84107 Murray Condo $122,000 up 3.83%
84108 Salt Lake City Single Family $470,000 up 7.86%
84108 Salt Lake City Condo $297,900 up 20.37%
84109 Salt Lake City Single Family $388,700 up 14.32%
84109 Salt Lake City Condo $214,900 N/A
84111 Salt Lake City Single Family $249,000 up 19.14%
84111 Salt Lake City Condo $276,875 up 14.18%
84115 South Salt Lake Single Family $234,000 up 11.94%
84115 South Salt Lake Condo $136,200 N/A
84116 Salt Lake City Single Family $208,000 up 15.24%
84116 Salt Lake City Condo $74,500 N/A
84117 Holladay Single Family $430,500 up 20.02%
84117 Holladay Condo $139,200 down 30.23%
84118 Taylorsville/Kearns Single Family $212,000 up 9.84%
84118 Taylorsville/Kearns Condo $92,750 N/A
84119 West Valley City Single Family $215,000 up 16.22%
84119 West Valley City Condo $130,000 up 3.79%
84120 West Valley City Single Family $213,950 up 11.43%
84120 West Valley City Condo $179,388 N/A
84121 Cottonwood Single Family $380,000 up 8.88%
84121 Cottonwood Condo $179,900 down 18.73%
84123 Taylorsville/Murray Single Family $285,500 up 20%
84123 Taylorsville/Murray Condo $111,000 down 4.72%
84124 Holladay Single Family $385,000 up 6.80%
84124 Holladay Condo $246,500 N/A
84128 West Valley City Single Family $229,000 up 9.05%
84128 West Valley City Condo $172,500 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.