Salt Lake County Home Prices 4Q 2015

Summary of how the Salt Lake County Utah housing market performed in the 4th quarter 2015.

4th Quarter 2015 Housing Market Update

Single Family Home Sales

The Salt Lake County single family home market continued its upward trajectory in the 4th quarter. The median sales price increased 5.68% to $270,000 (this was down on last quarters $280,000), and the median time taken to sell a home dropped an impressive 39% to just 25 days. The number of homes sold saw a slight 2.19% increase with 2,891 homes sold. What was noticeable is that there were fewer homes coming on the market, with 3,025 new listing which was down 6.75%.

Condo Home Sales

The condo market had another good quarter, with the median condo sales price increasing 3.83%. This was on the back of a 12.32% increase in the number of condos sold, with 401 units selling in the quarter. The days on market dropped nearly 50%, with it taking a median of 27 days to go under contract. Just like the single family home market there were fewer condo units listed in the quarter, with 427 new listings, a decrease of 9.53%.

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $369,000 N/A
84009 * South Jordan Condo $362,000 N/A
84020 Draper Single Family $402,500 down 4.51%
84020 Draper Condo $199,900 N/A
84044 Magna Single Family $179,000 up 12.23%
84044 Magna Condo $85,000 N/A
84047 Midvale Single Family $229,000 down 2.07%
84047 Midvale Condo $136,000 up 12.40%
84065 Riverton Single Family $327,500 up 7.38%
84065 Riverton Condo $221,000 N/A
84070 Sandy Single Family $240,000 up 0.42%
84070 Sandy Condo $161,000 up 23.85%
84084 West Jordan Single Family $234,900 up 10.59%
84084 West Jordan Condo $144,900 up 4.66%
84088 West Jordan Single Family $262,850 up 3.48%
84088 West Jordan Condo $174,500 N/A
84092 Sandy Single Family $378,150 up 8.86%
84092 Sandy Condo No Sales No Sales
84093 Sandy Single Family $337,000 up 3.77%
84093 Sandy Condo $270,000 N/A
84094 Sandy Single Family $257,950 up 4.65%
84094 Sandy Condo $214,000 N/A
84095 South Jordan Single Family $353,742 down 3.08%
84095 South Jordan Condo $200,367 N/A
84096 Herriman Single Family $324,900 up 2.85%
84096 Herriman Condo No Sales No Sales
84101 Salt Lake City Single Family $124,950 N/A
84101 Salt Lake City Condo $236,500 up 1.07%
84102 Salt Lake City Single Family $330,500 up 24.48%
84102 Salt Lake City Condo $158,000 down 3.95%
84103 Salt Lake City Single Family $424,700 down 10.50%
84103 Salt Lake City Condo $179,900 down 8.91%
84104 Salt Lake City Single Family $150,000 up 0.87%
84104 Salt Lake City Condo $65,000 N/A
84105 Salt Lake City Single Family $341,000 up 10%
84105 Salt Lake City Condo No Sales No Sales
84106 Salt Lake City Single Family $275,000 up 2.65%
84106 Salt Lake City Condo $155,325 down 3.22%
84107 Murray Single Family $249,950 up 10.60%
84107 Murray Condo $140,000 up 27.39%
84108 Salt Lake City Single Family $485,000 up 29.33%
84108 Salt Lake City Condo $282,000 up 13.71%
84109 Salt Lake City Single Family $378,750 up 18.36%
84109 Salt Lake City Condo $165,250 N/A
84111 Salt Lake City Single Family $250,000 up 19.05%
84111 Salt Lake City Condo $329,000 up 48.53%
84115 South Salt Lake Single Family $200,000 up 6.67%
84115 South Salt Lake Condo $145,000 up 24.46%
84116 Salt Lake City Single Family $183,000 up 14.38%
84116 Salt Lake City Condo $87,000 N/A
84117 Holladay Single Family $338,750 down 7.95%
84117 Holladay Condo $122,750 down 12.32%
84118 Taylorsville/Kearns Single Family $192,000 up 10.34%
84118 Taylorsville/Kearns Condo $194,500 N/A
84119 West Valley City Single Family $186,250 up 9.56%
84119 West Valley City Condo $124,900 up 2.38%
84120 West Valley City Single Family $195,000 up 6.41%
84120 West Valley City Condo $71,750 N/A
84121 Cottonwood Single Family $331,000 up 6.77%
84121 Cottonwood Condo $170,950 down 19.74%
84123 Taylorsville/Murray Single Family $259,750 up 20.81%
84123 Taylorsville/Murray Condo $119,900 up 26.21%
84124 Holladay Single Family $417,000 up 28.50%
84124 Holladay Condo $187,900 N/A
84128 West Valley City Single Family $212,000 up 9.99%
84128 West Valley City Condo $151,050 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.