Salt Lake County Prices 4Q 2011

Summary of how the Salt Lake County Utah housing market performed in the fourth quarter 2011.

4th Quarter 2011 Housing Market Update

The median home price for Salt Lake County in the 4th quarter 2011 was $193,000 for single family homes (down 10.23%) and $134,900 for condos (down 6.5%). While prices were down the number of homes sold continued to show positive signs, with 2328 single family homes sold, a rise of nearly 20% over the same period last year. The number of days it takes to sell a home is also heading in the right direction, dropping from 88 to 73 days.

Salt Lake County saw single family home median price increases in 5 of its zip codes in the 4th quarter 2011. These were 84070 (Sandy) up 1.4%, 84102 (Salt Lake City's Central City area) up 22.12%, 84108 (Salt Lake City Emigration Canyon) up 3.17%, 84116 (Salt Lake City) up 3.07, and 84121 (Cottonwood) up 16.20%. Of the areas that fell in price the worst performing were 84103 (Salt Lake City Avenues) down 19.22%, 84104 (Salt Lake City Glendale) down 19.34% and 84119 (West Valley City) down 16.56%.

The condo market did not fare any better with just 3 zip codes seeing price increases. These were 84106 (Salt Lake City) up 2.71%, 84111 (Salt Lake City) up 13.60% and 84117 (Holladay) up 1.14%. The areas experiencing the biggest decline were 84107 (Murray) down 55.81% and 84119 (West Valley City) down 35%.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $315,000 down 10.92%
84020 Draper Condo $140,450 N/A
84044 Magna Single Family $109,000 down 16.48%
84044 Magna Condo $60,750 N/A
84047 Midvale Single Family $155,950/td> down 6.9%
84047 Midvale Condo $103,000 N/A
84065 Riverton Single Family $255,317 down 1.51%
84065 Riverton Condo $190,500 N/A
84070 Sandy Single Family $177,450 up 1.40%
84070 Sandy Condo $93,950 N/A
84084 West Jordan Single Family $150,000 down 16.15%
84084 West Jordan Condo $119,500 N/A
84088 West Jordan Single Family $186,500 down 8.13%
84088 West Jordan Condo $203,450 N/A
84092 Sandy Single Family $289,000 down 6.02%
84092 Sandy Condo $315,000 N/A
84093 Sandy Single Family $268,900 down 7.28%
84093 Sandy Condo $1,125,000 N/A
84094 Sandy Single Family $199,550 down 1.33%
84094 Sandy Condo $159,000 N/A
84095 South Jordan Single Family $266,000 down 3.97%
84095 South Jordan Condo $138,000 N/A
84096 Herriman Single Family $252,572 down 14.38%
84096 Herriman Condo No Sales N/A
84101 Salt Lake City Single Family $101,250 N/A
84101 Salt Lake City Condo $210,000 down 4.55%
84102 Salt Lake City Single Family $265,000 up 22.12%
84102 Salt Lake City Condo $157,800 down 5.08%
84103 Salt Lake City Single Family $342,500 down 19.22%
84103 Salt Lake City Condo $183,000 N/A
84104 Salt Lake City Single Family $85,500 down 19.34%
84104 Salt Lake City Condo No Sales N/A
84105 Salt Lake City Single Family $229,699 down 9.57%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $205,000 down 7.82%
84106 Salt Lake City Condo $142,000 up 2.71%
84107 Murray Single Family $186,500 down 7.67%
84107 Murray Condo $69,125 down 55.81%
84108 Salt Lake City Single Family $325,000 up 3.17%
84108 Salt Lake City Condo $250,000 N/A
84109 Salt Lake City Single Family $254,000 down 7.30%
84109 Salt Lake City Condo $195,000 N/A
84111 Salt Lake City Single Family $136,400 down 14.21%
84111 Salt Lake City Condo $154,433 up 13.60%
84115 South Salt Lake Single Family $131,500 down 2.95%
84115 South Salt Lake Condo $98,750 N/A
84116 Salt Lake City Single Family $125,950 up 3.07%
84116 Salt Lake City Condo $69,000 N/A
84117 Holladay Single Family $270,000 down 10%
84117 Holladay Condo $154,750 up 1.14%
84118 Taylorsville/Kearns Single Family $119,000 down 14.21%
84118 Taylorsville/Kearns Condo No Sales N/A
84119 West Valley City Single Family $123,450 down 16.56%
84119 West Valley City Condo $74,000 down 35%
84120 West Valley City Single Family $134,000 down 8.19%
84120 West Valley City Condo $72,705 N/A
84121 Cottonwood Single Family $290,504 up 16.20%
84121 Cottonwood Condo $128,000 down 14.09%
84123 Taylorsville/Murray Single Family $180,000 down 5.49%
84123 Taylorsville/Murray Condo $83,000 N/A
84124 Holladay Single Family $295,000 down 2.82%
84124 Holladay Condo $305,500 N/A
84128 West Valley City Single Family $142,100 down 14.47%
84128 West Valley City Condo $93,000 N/A
Data for home prices information provided by WFRMLS