Salt Lake County Prices 3Q 2012

Summary of how the Salt Lake County Utah housing market performed in the third quarter 2012.

3rd Quarter 2012 Housing Market Update

For the second quarter in a row the median home price for a single family home went up in Salt Lake County. In a strong quarter all but 5 zip codes experienced home price appreciation, with a total of 14 zip codes experiencing double digit increases. The best performing areas were both in Salt Lake City, with 84104 up 46%, and 84111 up 38%. If we look at sales for all of Salt Lake County, there were a total of 2999 single family homes sold (up 13.26%), for a median home price of $215,450 (up 9.39%), with a median days on market of 28 days (down 54%).

Just like single family homes, condo prices are also on the way up, albeit at a slower pace. The median condo price increased 3.77% in the third quarter, with condo sales of 373 (up 42%), and a median days on market of 52 (down 47%). The hottest area for condo prices was Murray which increased over 40%.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $382,500 up 12.50%
84020 Draper Condo $172,500 N/A
84044 Magna Single Family $134,000 up 20.14%
84044 Magna Condo $57,500 N/A
84047 Midvale Single Family $176,750 up 2.76%
84047 Midvale Condo $100,450 down 9.34%
84065 Riverton Single Family $259,950 down 1.91%
84065 Riverton Condo $161,850 N/A
84070 Sandy Single Family $210,000 up 23.60%
84070 Sandy Condo $123,200 N/A
84084 West Jordan Single Family $178,000 up 11.95%
84084 West Jordan Condo $110,000 N/A
84088 West Jordan Single Family $214,000 up 5.24%
84088 West Jordan Condo $130,000 N/A
84092 Sandy Single Family $308,000 down 2.38%
84092 Sandy Condo $462,500 N/A
84093 Sandy Single Family $312,000 up 13.45%
84093 Sandy Condo $800,000 N/A
84094 Sandy Single Family $210,000 up 14.38%
84094 Sandy Condo $157,500 N/A
84095 South Jordan Single Family $292,550 up 4.39%
84095 South Jordan Condo $169,950 N/A
84096 Herriman Single Family $266,403 Up 4.27%
84096 Herriman Condo $161,500 N/A
84101 Salt Lake City Single Family $113,750 N/A
84101 Salt Lake City Condo $178,500 down 23.23%
84102 Salt Lake City Single Family $218,575 down 8.43%
84102 Salt Lake City Condo $155,750 up 6.13%
84103 Salt Lake City Single Family $380,450 down 1.5%
84103 Salt Lake City Condo $183,750 down 22.63%
84104 Salt Lake City Single Family $113,089 up 46.11%
84104 Salt Lake City Condo $44,150 N/A
84105 Salt Lake City Single Family $265,950 up 6.42%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $247,700 up 19.66%
84106 Salt Lake City Condo $127,500 down 13.53%
84107 Murray Single Family $195,500 up 1.93%
84107 Murray Condo $129,000 up 40.68%
84108 Salt Lake City Single Family $341,650 down 7.61%
84108 Salt Lake City Condo $224,000 N/A
84109 Salt Lake City Single Family $284,900 up 13.06%
84109 Salt Lake City Condo $134,250 N/A
84111 Salt Lake City Single Family $153,000 up 38.46%
84111 Salt Lake City Condo $168,250 down 5.87%
84115 South Salt Lake Single Family $146,000 up 2.28%
84115 South Salt Lake Condo $65,000 N/A
84116 Salt Lake City Single Family $134,500 up 12.08%
84116 Salt Lake City Condo $54,250 N/A
84117 Holladay Single Family $300,000 up 2.56%
84117 Holladay Condo $107,950 down 28.27%
84118 Taylorsville/Kearns Single Family $135,000 up 3.05%
84118 Taylorsville/Kearns Condo $178,450 N/A
84119 West Valley City Single Family $145,000 up 16%
84119 West Valley City Condo $97,000 up 4.86%
84120 West Valley City Single Family $150,000 up 15.38%
84120 West Valley City Condo $167,500 N/A
84121 Cottonwood Single Family $290,000 up 4.98%
84121 Cottonwood Condo $198,005 up 53.49%
84123 Taylorsville/Murray Single Family $212,450 up 18.69%
84123 Taylorsville/Murray Condo $70,000 N/A
84124 Holladay Single Family $295,000 up 15.69%
84124 Holladay Condo $219,000 N/A
84128 West Valley City Single Family $161,250 up 6.44%
84128 West Valley City Condo $114,599 N/A
Data for home prices information provided by WFRMLS