Salt Lake County Annual Home Prices 2014

Summary of how the Salt Lake County Utah housing market performed in 2014.

2014 Housing Market Update

2014 was a year of reflection for the Salt Lake real estate market. The year started strong, took a breather in the middle two quarters and them seemed to pick up again in the 4th quarter. The year finished with the single family median home price increasing 4.08% and condo price increasing 6.02%. Homes did take longer to sell, but the median of 34 days is still a pretty good number.

The areas that experienced the biggest median sales price increase were Salt Lake City 84111 up 11.01%, Salt Lake City 84105 up 11.98% and Midvale 84047 up 10.15%. All these areas had a median sales price in the $200,000 to low $300,000 range.

To sum up 2014 moved away from a seller’s market to more of a balanced/normal market.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $405,500 up 1.77%
84020 Draper Condo $210,000 up 4.48%
84044 Magna Single Family $158,000 up 6.04%
84044 Magna Condo $76,750 N/A
84047 Midvale Single Family $214,800 up 10.15%
84047 Midvale Condo $131,500 up 7.16%
84065 Riverton Single Family $331,000 up 6.90%
84065 Riverton Condo $159,309 down 6.96%
84070 Sandy Single Family $320,590 up 2.95%
84070 Sandy Condo $149,060 up 0.44%
84084 West Jordan Single Family $209,050 up 4.53%
84084 West Jordan Condo $127,265 down 6.42%
84088 West Jordan Single Family $245,000 up 4.26%
84088 West Jordan Condo $225,000 up 48.03%
84092 Sandy Single Family $363,608 up 2.42%
84092 Sandy Condo $344,500 N/A
84093 Sandy Single Family $324,900 up 1.53%
84093 Sandy Condo $740,000 N/A
84094 Sandy Single Family $245,000 up 6.99%
84094 Sandy Condo $130,000 up 6.12%
84095 South Jordan Single Family $349,863 up 6.99%
84095 South Jordan Condo $164,200 down 4.38%
84096 Herriman Single Family $311,000 up 7.17%
84096 Herriman Condo $150,000 N/A
84101 Salt Lake City Single Family $132,500 down 17.19%
84101 Salt Lake City Condo $233,599 down 4.65%
84102 Salt Lake City Single Family $269,900 down 1.48%
84102 Salt Lake City Condo $165,000 up 6.45%
84103 Salt Lake City Single Family $405,000 up 1.26%
84103 Salt Lake City Condo $183,500 up 0.41%
84104 Salt Lake City Single Family $137,450 up 11.98%
84104 Salt Lake City Condo $60,450 N/A
84105 Salt Lake City Single Family $313,700 up 10.07%
84105 Salt Lake City Condo $117,250 N/A
84106 Salt Lake City Single Family $268,000 up 6.35%
84106 Salt Lake City Condo $146,500 up 8.52%
84107 Murray Single Family $215,000 down 3.15%
84107 Murray Condo $119,000 down 1.41%
84108 Salt Lake City Single Family $412,500 up 7.42%
84108 Salt Lake City Condo $260,000 up 15.81%
84109 Salt Lake City Single Family $325,000 No Change
84109 Salt Lake City Condo $179,000 up 2.61%
84111 Salt Lake City Single Family $202,600 up 11.01%
84111 Salt Lake City Condo $213,000 up 22.13%
84115 South Salt Lake Single Family $185,300 up 5.95%
84115 South Salt Lake Condo $110,500 up 15.46%
84116 Salt Lake City Single Family $162,000 up 6.58%
84116 Salt Lake City Condo $68,750 down 0.65%
84117 Holladay Single Family $354,750 down 9.04%
84117 Holladay Condo $138,000 up 6.24%
84118 Taylorsville/Kearns Single Family $169,900 up 7.53%
84118 Taylorsville/Kearns Condo $103,220 N/A
84119 West Valley City Single Family $170,000 up 4.94%
84119 West Valley City Condo $120,750 up 27.11%
84120 West Valley City Single Family $177,000 up 7.27%
84120 West Valley City Condo $162,250 N/A
84121 Cottonwood Single Family $313,000 up 3.05%
84121 Cottonwood Condo $199,000 up 9.49%
84123 Taylorsville/Murray Single Family $227,000 down 1.26%
84123 Taylorsville/Murray Condo $105,000 down 0.94%
84124 Holladay Single Family $350,000 down 2.76%
84124 Holladay Condo $204,800 up 17.03%
84128 West Valley City Single Family $185,750 up 3.33%
84128 West Valley City Condo $200,000 N/A
Data for home prices information provided by WFRMLS