Salt Lake County Home Prices For the Third Quarter 2011

There were a total of 6 zip codes in Salt Lake County that saw their median single family home price increase in the third quarter 2011. The best performing areas were Salt Lake City 84103 up 17.24%, and South Salt Lake 84115 up 8.14%. The areas seeing the biggest falls were Salt Lake City 84104 down 35.52%, Draper 84020 down 28.14%, and Holladay 84124 down 24.67%.

When we look at condos, only a single zip code saw a price increase, with Salt Lake City 84101 (the downtown area) increasing 2.67%. In fact because of the low number of sales, only 8 zip codes had enough sales in order to provide reasonable data (price change data is not provided for zip codes with fewer than 10 sales). The worst performing area was Cottonwood 84121 which went down 40%.

If we look at all of Salt Lake County, the median home price for a single family home was $196,000, a fall of 14.78% year on year. For a condo the price was $129,950 a fall of 16.16%. One bright note was the number of homes sold, which was up over 35% for single family homes, and over 37% for condos. Another positive sign was the average days on market (amount of time taken to sell a home) which fell from 77 in Q3 2010 to 68 in Q3 2011.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$309,000	down 28.14%
84020	Draper	Condo	$134,900	N/A
84044	Magna	Single Family	$110,000	down 15.38%
84044	Magna	Condo	$64,900	N/A
84047	Midvale	Single Family	$174,000	down 0.57%
84047	Midvale	Condo	$110,800	down 16.06%
84065	Riverton	Single Family	$265,000	up 6.00%
84065	Riverton	Condo	$158,950	N/A
84070	Sandy	Single Family	$169,900	down 11.09%
84070	Sandy	Condo	$126,500	N/A
84084	West Jordan	Single Family	$159,500	down 12.12%
84084	West Jordon	Condo	$120,000	N/A
84088	West Jordan	Single Family	$203,350	up 1.42%
84088	West Jordan	Condo	$124,500	N/A
84092	Sandy	Single Family	$306,000	down 10.26%
84092	Sandy	Condo	No Sales	N/A
84093	Sandy	Single Family	$276,000	down 1.08%
84093	Sandy	Condo	$249,000	N/A
84094	Sandy	Single Family	$185,000	down 17.78%
84094	Sandy	Condo	$107,000	N/A
84095	South Jordan	Single Family	$280,250	down 8.08%
84095	South Jordan	Condo	$165,000	N/A
84096	Herriman	Single Family	$255,000	No Change
84096	Herriman	Condo	$119,000	N/A
84101	Salt Lake City	Single Family	$70,000	N/A
84101	Salt Lake City	Condo	$232,500	up 2.76%
84102	Salt Lake City	Single Family	$238,700	down 10.92%
84102	Salt Lake City	Condo	$146,750	down 2.78%
84103	Salt Lake City	Single Family	$410,000	up 17.24%
84103	Salt Lake City	Condo	$190,000	down 11.21%
84104	Salt Lake City	Single Family	$77,375	down 35.52%
84104	Salt Lake City	Condo	No Sales	N/A
84105	Salt Lake City	Single Family	$248,950	up 1.05%
84105	Salt Lake City	Condo	No Sales	N/A
84106	Salt Lake City	Single Family	$206,000	down 9.25%
84106	Salt Lake City	Condo	$147,450	down 21.98%
84107	Murray	Single Family	$194,600	down 3.16%
84107	Murray	Condo	$91,700	down 23.58%
84108	Salt Lake City	Single Family	$370,000	up 4.52%
84108	Salt Lake City	Condo	$179,000	N/A
84109	Salt Lake City	Single Family	$251,800	down 13.91%
84109	Salt Lake City	Condo	$105,450	N/A
84111	Salt Lake City	Single Family	$110,500	down 15%
84111	Salt Lake City	Condo	$178,737	N/A
84115	South Salt Lake	Single Family	$142,750	up 8.14%
84115	South Salt Lake	Condo	$112,450	N/A
84116	Salt Lake City	Single Family	$120,000	down 14.29%
84116	Salt Lake City	Condo	$50,750	N/A
84117	Holladay	Single Family	$292,500	down 12.69%
84117	Holladay	Condo	$150,500	N/A
84118	Taylorsville/Kearns	Single Family	$130,500	down 6.45%
84118	Taylorsville/Kearns	Condo	$118,000	N/A
84119	West Valley City	Single Family	$125,000	down 16.67%
84119	West Valley City	Condo	$92,500	down 20.94%
84120	West Valley City	Single Family	$128,375	down 11.47%
84120	West Valley City	Condo	$27,000	N/A
84121	Cottonwood	Single Family	$279,000	down 2.11%
84121	Cottonwood	Condo	$129,000	down 40%
84123	Taylorsville/Murray	Single Family	$179,000	down 9.85%
84123	Taylorsville/Murray	Condo	$78,750	N/A
84124	Holladay	Single Family	$255,000	down 24.67%
84124	Holladay	Condo	$117,000	N/A
84128	West Valley	Single Family	$150,200	down 13.13%
84128	West Valley	Condo	$118,867	N/A

For the latest SLC Real Estate market trends and information please call Trela on 801-450-3535.

Return to: Salt Lake City Real Estate home page

Please read our Website Disclaimer