Salt Lake County Prices 4Q 2010

Summary of how the Salt Lake County Utah housing market performed in the fourth quarter 2010.

4th Quarter 2010 Housing Market Update

Home prices in Salt Lake County continued to come under pressure in the fourth quarter 2010. This was especially true in the less expensive areas, while the more expensive areas seem to fair much better. A total of eight zip codes saw their single family median home price increase, with the Avenues area of Salt Lake City 84103 seeing the best increase of 25%. Other notable home price increases occurred in Herriman 84096 up 10.35%, Sandy 84092 up 11.28%, and Draper 84020 up 8.30%. The worst performing areas were Cottonwood 84121 down 24.25%, and Kearns 84118 down 23.79%.

When we look at condo median home prices just six zip codes went up in value. The range of increases and decreases varied wildly, with South Salt Lake 84115 seeing a 55.93% increase, and Cottonwood 84121 declining 46.57%. These large fluctuations are seen because of the relatively small number of sales, for example, there were just 13 condo sales in 84115.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $360,313 up 8.30%
84020 Draper Condo $165,000 down 18.73%
84044 Magna Single Family $131,700 down 17.65%
84044 Magna Condo No Sales N/A
84047 Midvale Single Family $167,500 down 7.40%
84047 Midvale Condo $157,000 down 13.40%
84065 Riverton Single Family $260,000 down 15.87%
84065 Riverton Condo $172,000 down 12.67%
84070 Sandy Single Family $175,000 down 17.43%
84070 Sandy Condo $143,900 down 28.21%
84084 West Jordan Single Family $179,950 down 8.09%
84084 West Jordan Condo $137,900 down 16.79%
84088 West Jordan Single Family $203,000 down 13.30%
84088 West Jordan Condo $132,900 N/A
84092 Sandy Single Family $308,750 up 11.28%
84092 Sandy Condo $137,450 N/A
84093 Sandy Single Family $290,000 up 1.22%
84093 Sandy Condo $702,500 N/A
84094 Sandy Single Family $202,250 down 11.25%
84094 Sandy Condo $175,000 N/A
84095 South Jordan Single Family $275,003 down 5.61%
84095 South Jordan Condo $169,000 down 18.34%
84096 Herriman Single Family $296,429 up 10.35%
84096 Herriman Condo $147,200 N/A
84101 Salt Lake City Single Family No Sales N/A
84101 Salt Lake City Condo $222,500 up 22.93%
84102 Salt Lake City Single Family $225,000 down 0.89%
84102 Salt Lake City Condo $180,750 down 14.80%
84103 Salt Lake City Single Family $450,000 up 25%
84103 Salt Lake City Condo $177,000 up 2.37%
84104 Salt Lake City Single Family $106,000 down 19.67%
84104 Salt Lake City Condo No Sales N/A
84105 Salt Lake City Single Family $264,000 up 1.93%
84105 Salt Lake City Condo $292,000 N/A
84106 Salt Lake City Single Family $223,750 down 0.11%
84106 Salt Lake City Condo $140,000 up 7.73%
84107 Murray Single Family $203,500 up 6.54%
84107 Murray Condo $158,000 up 17.69%
84108 Salt Lake City Single Family $315,000 down 17.30%
84108 Salt Lake City Condo $220,000 N/A
84109 Salt Lake City Single Family $278,000 down 2.88%
84109 Salt Lake City Condo $497,000 N/A
84111 Salt Lake City Single Family $163,450 down 12.57%
84111 Salt Lake City Condo $137,500 down 45.22%
84115 South Salt Lake Single Family $136,000 down 6.54%
84115 South Salt Lake Condo $145,878 up 55.93%
84116 Salt Lake City Single Family $124,100 down 24.82%
84116 Salt Lake City Condo $88,750 N/A
84117 Holladay Single Family $302,000 down 19.78%
84117 Holladay Condo $168,500 up 20.44%
84118 Taylorsville/Kearns Single Family $138,950 down 23.79%
84118 Taylorsville/Kearns Condo $190,000 N/A
84119 West Valley City Single Family $148,450 down 9.73%
84119 West Valley City Condo $114,800 down 25.09%
84120 West Valley City Single Family $147,000 down 11.70%
84120 West Valley City Condo $135,000 N/A
84121 Cottonwood Single Family $250,000 down 24.50%
84121 Cottonwood Condo $153,000 down 46.57%
84123 Taylorsville/Murray Single Family $193,000 down 11.53%
84123 Taylorsville/Murray Condo $103,575 down 35.17%
84124 Holladay Single Family $308,206 up 2.74%
84124 Holladay Condo $202,000 N/A
84128 West Valley City Single Family $166,000 down 5.72%
84128 West Valley City Condo $160,500 N/A
Data for home prices information provided by WFRMLS