Salt Lake County Prices 3Q 2011

Summary of how the Salt Lake County Utah housing market performed in the third quarter 2011.

3rd Quarter 2011 Housing Market Update

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 Percentage Change
84020 Draper Single Family $309,000/td> 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%
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 Jordan 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 City Single Family $150,200 down 13.13%
84128 West Valley City Condo $118,867 N/A
Data for home prices information provided by WFRMLS