Salt Lake County Prices 4Q 2007
Summary of how the Salt Lake County Utah housing market performed in the fourth quarter 2007.
4th Quarter 2007 Housing Market Update
Salt Lake County homes in the 4th quarter 2007 stayed on the market longer, resulting in a large increase in inventory levels. This is turn put pressure on home prices, with 7 zip codes for single family homes seeing a fall in prices and 4 zip code areas for condos also falling (compared to the last quarter of 2006). Most zip codes were still showing median prices increase, but the majority only saw single digit increases, rather than the double-digit increases we have seen over the last 2 years.
Because areas that experience very few home sales in the quarter tend to show large price fluctuations, areas with fewer than 10 sales have been excluded from the median price change.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $420,000 | up 5.26% |
| 84020 | Draper | Condo | $221,000 | down 2.23% |
| 84044 | Magna | Single Family | $170,000 | up 9.68% |
| 84044 | Magna | Condo | $111,700 | N/A |
| 84047 | Midvale | Single Family | $221,900 | up 2.26% |
| 84047 | Midvale | Condo | $152,500 | up 4.45% |
| 84065 | Riverton | Single Family | $325,000 | up 3.04% |
| 84065 | Riverton | Condo | $206,500 | up 5.9% |
| 84070 | Sandy | Single Family | $220,000 | up 1.38% |
| 84070 | Sandy | Condo | $169,900 | down 12.56% |
| 84084 | West Jordan | Single Family | $221,000 | up 3.03% |
| 84084 | West Jordan | Condo | $177,500 | up 6.61% |
| 84088 | West Jordan | Single Family | $264,750 | up 2.64% |
| 84088 | West Jordan | Condo | $196,500 | up 9.78% |
| 84092 | Sandy | Single Family | $410,000 | up 8.46% |
| 84092 | Sandy | Condo | N/A | N/A |
| 84093 | Sandy | Single Family | $362,000 | up 15% |
| 84093 | Sandy | Condo | $282,800 | N/A |
| 84094 | Sandy | Single Family | $247,250 | up 2.17% |
| 84094 | Sandy | Condo | $170,050 | N/A |
| 84095 | South Jordan | Single Family | $338,988 | down 6.27% |
| 84095 | South Jordan | Condo | $233,500 | up 13.35% |
| 84101 | Salt Lake City | Single Family | $233,181 | N/A |
| 84101 | Salt Lake City | Condo | $304,600 | up 14.94% |
| 84102 | Salt Lake City | Single Family | $265,000 | up 0.38% |
| 84102 | Salt Lake City | Condo | $166,000 | up 12.93% |
| 84103 | Salt Lake City | Single Family | $402,550 | up 6.78% |
| 84103 | Salt Lake City | Condo | $230,000 | up 66.67% |
| 84104 | Salt Lake City | Single Family | $138,000 | up 6.24% |
| 84104 | Salt Lake City | Condo | $72,750 | N/A |
| 84105 | Salt Lake City | Single Family | $283,900 | down 6.30% |
| 84105 | Salt Lake City | Condo | $144,750 | N/A |
| 84106 | Salt Lake City | Single Family | $261,500 | up 3.61% |
| 84106 | Salt Lake City | Condo | $181,250 | up 9.88% |
| 84107 | Murray | Single Family | $225,000 | up 8.93% |
| 84107 | Murray | Condo | $136,250 | up 19.62% |
| 84108 | Salt Lake City | Single Family | $382,500 | up 3.16% |
| 84108 | Salt Lake City | Condo | $225,000 | down 1.53% |
| 84109 | Salt Lake City | Single Family | $283,000 | down 16.51% |
| 84109 | Salt Lake City | Condo | $146,500 | N/A |
| 84111 | Salt Lake City | Single Family | $178,400 | down 3.57% |
| 84111 | Salt Lake City | Condo | $135,000 | up 5.92% |
| 84115 | South Salt Lake | Single Family | $179,000 | down 0.94% |
| 84115 | South Salt Lake | Condo | $168,250 | up 29.92% |
| 84116 | Salt Lake City | Single Family | $169,950 | up 12.12% |
| 84116 | Salt Lake City | Condo | $91,750 | down 10.49% |
| 84117 | Holladay | Single Family | $404,000 | up 6.60% |
| 84117 | Holladay | Condo | $174,000 | up 22.54% |
| 84118 | Taylorsville/Kearns | Single Family | $185,000 | up 2.83% |
| 84118 | Taylorsville/Kearns | Condo | $218,000 | N/A |
| 84119 | West Valley City | Single Family | $192,000 | up 9.71% |
| 84119 | West Valley City | Condo | $146,000 | up 12.39% |
| 84120 | West Valley City | Single Family | $185,900 | up 6.23% |
| 84120 | West Valley City | Condo | $134,900 | N/A |
| 84121 | Cottonwood | Single Family | $298,900 | down 0.37% |
| 84121 | Cottonwood | Condo | $296,500 | up 68.56% |
| 84123 | Taylorsville/Murray | Single Family | $252,450 | up 15.80% |
| 84123 | Taylorsville/Murray | Condo | $142,000 | up 9.31% |
| 84124 | Holladay | Single Family | $352,500 | up 1.91% |
| 84124 | Holladay | Condo | $209,950 | up 1.55% |
| 84128 | West Valley City | Single Family | $204,625 | up 5.21% |
| 84128 | West Valley City | Condo | $164,850 | N/A |