Salt Lake County Home Prices 3rd Quarter 2016

Summary of how the Salt Lake County Utah housing market performed in the 3rd quarter 2016.

3rd Quarter 2016 Housing Market Update

The 3rd quarter 2016 again experienced strong home sales data. While the median sales price for a property in Salt Lake County only slightly increased when compared to last quarter (going from $269,900 to $270,000), the year on year increase was an impressive 6.85%. While prices were up, the actual number of home sales were slightly down, dropping 0.78%. The biggest change was seen in the median days on market which dropped 33% to stand at just 12 days, the sign of a strong home sellers market.

Single Family Home Sales

When we look at single family homes we see a similar story, home prices increased 7.41% to $300,798, sales declined slightly falling 3.05%, and days on market fell 29% to stand at 12 days.

Condo Home Sales

Condo sales were until recently lagging behind single family homes, but are now doing their best to catch up. The median sales price rose 11.77% to $173,250, number of condos sold climbed 10% and days on market fell 60% to 12 days in the quarter. 

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $380,000 up 6.03%
84009 * South Jordan Condo $259,950 N/A
84020 Draper Single Family $460,000 up 3.14%
84020 Draper Condo $198,500 N/A
84044 Magna Single Family $202,650 up 13.49%
84044 Magna Condo $114,000 N/A
84047 Midvale Single Family $253,000 up 10%
84047 Midvale Condo $139,000 up 3.04%
84065 Riverton Single Family $385,000 up 18.10%
84065 Riverton Condo $175,000 N/A
84070 Sandy Single Family $265,000 up 6%
84070 Sandy Condo $174,000 N/A
84084 West Jordan Single Family $255,000 up 10.39%
84084 West Jordan Condo $159,000 up 2.58%
84088 West Jordan Single Family $284,500 up 16.60%
84088 West Jordan Condo $188,750 N/A
84092 Sandy Single Family $405,000 up 9.46%
84092 Sandy Condo $405,000 N/A
84093 Sandy Single Family $325,900 down 14.68%
84093 Sandy Condo $1,150,000 N/A
84094 Sandy Single Family $285,000 up 7.55%
84094 Sandy Condo $167,450 N/A
84095 South Jordan Single Family $411,074 up 16.97%
84095 South Jordan Condo $174,375 N/A
84096 Herriman Single Family $338,000 up 4.78%
84096 Herriman Condo $189,000 N/A
84101 Salt Lake City Single Family $164,650 N/A
84101 Salt Lake City Condo $275,000 up 22.22%
84102 Salt Lake City Single Family $345,250 up 8.14%
84102 Salt Lake City Condo $199,000 up 21.34%
84103 Salt Lake City Single Family $499,500 up 15.92%
84103 Salt Lake City Condo $180,000 down 3.23%
84104 Salt Lake City Single Family $168,000 up 7.35%
84104 Salt Lake City Condo $65,000 N/A
84105 Salt Lake City Single Family $384,400 up 5.6%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $310,000 up 10.75%
84106 Salt Lake City Condo $158,950 up 8.87%
84107 Murray Single Family $274,900 up 7.17%
84107 Murray Condo $133,500 up 15.33%
84108 Salt Lake City Single Family $478,500 up 12.99%
84108 Salt Lake City Condo $253,000 down 19.68%
84109 Salt Lake City Single Family $407,000 up 14.01%
84109 Salt Lake City Condo $153,000 N/A
84111 Salt Lake City Single Family $265,000 up 10.46%
84111 Salt Lake City Condo $190,000 up 13.43%
84115 South Salt Lake Single Family $231,050 up 10.05%
84115 South Salt Lake Condo $117,050 down 10.93%
84116 Salt Lake City Single Family $215,000 up 13.16%
84116 Salt Lake City Condo $73,950 N/A
84117 Holladay Single Family $384,900 down 1.31%
84117 Holladay Condo $162,500 up 31.05%
84118 Taylorsville/Kearns Single Family $210,000 up 11.70%
84118 Taylorsville/Kearns Condo No Sales N/A
84119 West Valley City Single Family $207,500 up 11.19%
84119 West Valley City Condo $140,000 up 11.11%
84120 West Valley City Single Family $215,000 up 5.91%
84120 West Valley City Condo $193,500 N/A
84121 Cottonwood Single Family $367,000 up 4.86%
84121 Cottonwood Condo $180,000 down 38.67%
84123 Taylorsville/Murray Single Family $275,000 up 7.52%
84123 Taylorsville/Murray Condo $120,550 up 5.84%
84124 Holladay Single Family $418,550 up 9%
84124 Holladay Condo $195,000 down 0.23%
84128 West Valley City Single Family $236,000 up 7.54%
84128 West Valley City Condo $184,900 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.