Salt Lake County Home Prices 3Q 2015

Summary of how the Salt Lake County Utah housing market performed in the 3rd quarter 2015.

3rd Quarter 2015 Housing Market Update

Single Family Home Sales

This time last year the Salt Lake area real estate market seemed to be taking a pause, with static home prices and increased selling times. This time things are certainly different. The 3rd quarter 2015 saw a strong housing market, with the median home price increasing 8.65% to $280,000. There were a total of 3756 homes sold (over 16% more than last year), taking a median of 17 days to go under contract (a 46% improvement). The one area that was slow was high end homes, where the market seemed to suffer from an oversupply of inventory and a limited number of buyers.

Condo Home Sales

While condo sales rose sharply in the quarter (up 19%), sales price actually experienced a slight decrease. The median sales price fell 3.13% to $155,000. For the condo units that sold, they took a median of 30 days to go under contract, that’s an improvement of 31% over the same time last year.

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $398,613 N/A
84009 * South Jordan Condo No Sales N/A
84020 Draper Single Family $422,750 up 5.79%
84020 Draper Condo $170,000 N/A
84044 Magna Single Family $178,778 up 9.51%
84044 Magna Condo $87,700 N/A
84047 Midvale Single Family $230,000 up 13.58%
84047 Midvale Condo $136,200 up 0.89%
84065 Riverton Single Family $325,999 down 1.82%
84065 Riverton Condo $187,500 N/A
84070 Sandy Single Family $250,000 up 7.76%
84070 Sandy Condo $160,000 up 5.61%
84084 West Jordan Single Family $230,000 up 12.25%
84084 West Jordan Condo $155,000 N/A
84088 West Jordan Single Family $245,000 up 0.20%
84088 West Jordan Condo $180,000 N/A
84092 Sandy Single Family $369,000 up 2.50%
84092 Sandy Condo $260,000 N/A
84093 Sandy Single Family $382,000 up 15.79%
84093 Sandy Condo $260,000 N/A
84094 Sandy Single Family $265,000 up 6.04%
84094 Sandy Condo $136,250 N/A
84095 South Jordan Single Family $350,881 up 3.20%
84095 South Jordan Condo $181,500 up 10.70%
84096 Herriman Single Family $320,285 up 2.74%
84096 Herriman Condo $187,500 N/A
84101 Salt Lake City Single Family $175,750 N/A
84101 Salt Lake City Condo $225,000 down 5.75%
84102 Salt Lake City Single Family $323,500 up 13.91%
84102 Salt Lake City Condo $164,000 down 8.64%
84103 Salt Lake City Single Family $437,950 up 12.29%
84103 Salt Lake City Condo $198,000 up 8.05%
84104 Salt Lake City Single Family $157,000 up 15.87%
84104 Salt Lake City Condo $100,000 N/A
84105 Salt Lake City Single Family $363,000 up 16.63%
84105 Salt Lake City Condo $156,500 N/A
84106 Salt Lake City Single Family $278,000 up 1.83%
84106 Salt Lake City Condo $146,500 up 16.27%
84107 Murray Single Family $256,500 up 26.29%
84107 Murray Condo $115,375 down 11.25%
84108 Salt Lake City Single Family $429,250 up 4.06%
84108 Salt Lake City Condo $315,000 up 9.95%
84109 Salt Lake City Single Family $356,975 up 3.70%
84109 Salt Lake City Condo $142,000 N/A
84111 Salt Lake City Single Family $239,950 up 17.16%
84111 Salt Lake City Condo $240,000 up 9.86%
84115 South Salt Lake Single Family $209,950 up 10.79%
84115 South Salt Lake Condo $133,250 N/A
84116 Salt Lake City Single Family $190,000 up 12.81%
84116 Salt Lake City Condo $76,500 N/A
84117 Holladay Single Family $390,000 up 20.74%
84117 Holladay Condo $124,000 down 25.64%
84118 Taylorsville/Kearns Single Family $188,000 up 7.43%
84118 Taylorsville/Kearns Condo No Sales No Sales
84119 West Valley City Single Family $186,625 up 6.19%
84119 West Valley City Condo $126,000 up 3.28%
84120 West Valley City Single Family $203,950 up 14.90%
84120 West Valley City Condo $151,500 N/A
84121 Cottonwood Single Family $350,000 up 11.15%
84121 Cottonwood Condo $293,500 up 70.64%
84123 Taylorsville/Murray Single Family $255,775 up 21.22%
84123 Taylorsville/Murray Condo $114,450 down 0.91%
84124 Holladay Single Family $384,000 up 12.94%
84124 Holladay Condo $195,450 up 3.54%
84128 West Valley City Single Family $216,000 up 14.23%
84128 West Valley City Condo $185,000 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.