Salt Lake County Prices 4Q 2012

Summary of how the Salt Lake County Utah housing market performed in the fourth quarter 2012.

4th Quarter 2012 Housing Market Update

The Salt Lake housing market really took off in the 4th quarter 2012 with the median home price for a single family home increasing 13.02% when compared to the 4th quarter 2011. The strong performance saw just 2 zip codes decline in value, while 19 zip codes returned double digit gains. The most impressive median price gain was seen in 84104 (Glendale) which returned a 46.20% increase. Other noticeable increases were seen in 84111 (Central City) 36.36% and 84115 (South Salt Lake) 34.22%.

While the single family home real estate market continued its upward momentum, the condo market continued to lag behind.  The key indicators did head in the right direction, with more condos selling (up 10.62%) and faster sales (29% drop in the median days on market), but it was not enough to stop the median condo sale price declining 1.93%.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $360,000 up 6.67%
84020 Draper Condo $184,500 N/A
84044 Magna Single Family $122,500 up 12.39%
84044 Magna Condo $50,000 N/A
84047 Midvale Single Family $176,500/td> up 11.71%
84047 Midvale Condo $99,000 down 3.88%
84065 Riverton Single Family $297,650 up 16.56%
84065 Riverton Condo $129,000 N/A
84070 Sandy Single Family $189,950 up 7.04%
84070 Sandy Condo $114,500 N/A
84084 West Jordan Single Family $180,000 up 20%
84084 West Jordan Condo $120,000 N/A
84088 West Jordan Single Family $221,375 up 19.18%
84088 West Jordan Condo $185,005 N/A
84092 Sandy Single Family $333,250 down 10.37%
84092 Sandy Condo No Sales N/A
84093 Sandy Single Family $295,750 up 13.99%
84093 Sandy Condo $225,000 N/A
84094 Sandy Single Family $215,000 up 8.92%
84094 Sandy Condo $126,000 N/A
84095 South Jordan Single Family $305,000 up 14.66%
84095 South Jordan Condo $220,000 N/A
84096 Herriman Single Family $272,500 up 7.89%
84096 Herriman Condo $145,000 N/A
84101 Salt Lake City Single Family $95,825 N/A
84101 Salt Lake City Condo $192,750 down 8.21%
84102 Salt Lake City Single Family $235,540 down 17.39%
84102 Salt Lake City Condo $158,000 up 0.13%
84103 Salt Lake City Single Family $420,000 up 22.63%
84103 Salt Lake City Condo $152,000 down 17.39%
84104 Salt Lake City Single Family $125,000 up 46.20%
84104 Salt Lake City Condo $52,000 N/A
84105 Salt Lake City Single Family $262,150 up 13.56%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake City Single Family $229,670 up 12.02%
84106 Salt Lake City Condo $188,000 up 49.21%
84107 Murray Single Family $203,500 up 9.70%
84107 Murray Condo $99,500 up 43.89%
84108 Salt Lake City Single Family $352,000 up 8.31%
84108 Salt Lake City Condo $234,000 N/A
84109 Salt Lake City Single Family $302,000 up 18.90%
84109 Salt Lake City Condo $75,000 N/A
84111 Salt Lake City Single Family $186,000 up 36.36%
84111 Salt Lake City Condo $129,500 down 16.14%
84115 South Salt Lake Single Family $176,500 up 34.22%
84115 South Salt Lake Condo $115,000 N/A
84116 Salt Lake City Single Family $137,500 up 9.17%
84116 Salt Lake City Condo $47,500 N/A
84117 Holladay Single Family $334,675 up 23.95%
84117 Holladay Condo $181,500 up 19.02%
84118 Taylorsville/Kearns Single Family $144,900 up 20.75%
84118 Taylorsville/Kearns Condo No Sales N/A
84119 West Valley City Single Family $135,000 up 8.96%
84119 West Valley City Condo $96,450 up 30.34%
84120 West Valley City Single Family $150,000 up 11.11%
84120 West Valley City Condo $20,000 N/A
84121 Cottonwood Single Family $282,750 down 8.76%
84121 Cottonwood Condo $175,000 up 36.72%
84123 Taylorsville/Murray Single Family $182,000 up 1.11%
84123 Taylorsville/Murray Condo $87,000 up 4.82%
84124 Holladay Single Family $321,000 up 8.81%
84124 Holladay Condo $110,500 N/A
84128 West Valley City Single Family $167,500 up 17.13%
84128 West Valley City Condo $168,000 N/A
Data for home prices information provided by WFRMLS