Salt Lake County 1st Quarter 2018 Median Home Prices

Summary of how the Salt Lake County Utah housing market performed in the 1st quarter 2018.

1st Quarter 2018 Housing Market Update

The housing market experienced another strong quarter at the start of 2018. The Salt Lake County median sales price increased 10.53% in the quarter, breaking through the $300,000 barrier for the first time to stand at $303,950. The trend over the last couple of years saw fewer homes coming onto the market in the first quarter, but this changed this year (this might have something to do with the mild weather) with a slight increase of 3.27%, a welcome sight for home buyers who have been struggling with low inventory levels. With more new listings came more sales, which saw a 4.77% increase compared to 2017.

Single Family Home Sales

Single-family home prices continued their upward trajectory climbing 13.07% to stand at $344,850. There was a slight increase in the number of new listings, which increased 2.3% to 3,694. Another positive sign saw the time taken to sell a home falling 4.17% to stand at 23 days, a very strong number for this time of year.

Condo Home Sales

The condo sales price set a new record, with the median sale price breaking through the $200,000 mark, climbing 12.91% to $205,780. While there was a slight increase in the number of new condo listings (up 3.67%), there was a large jump in the number of units sold, up 15.05% in the quarter. The days on market value remained very strong even with a slight tick up going from 11 to 12 days.

Zip Code City Property Type Median Price Percentage Change
84009 * South Jordan Single Family $411,950 up 11.51%
84009 * South Jordan Condo $186,815 N/A
84020 Draper Single Family $479,742 up 1.54%
84020 Draper Condo $210,000 N/A
84044 Magna Single Family $229,900 up 14.24%
84044 Magna Condo $140,000 N/A
84047 Midvale Single Family $275,000 up 16.53%
84047 Midvale Condo $188,800 up 2.61%
84065 Riverton Single Family $395,000 up 6.47%
84065 Riverton Condo $185,000 N/A
84070 Sandy Single Family $303,250 up 1.46%
84070 Sandy Condo $200,900 up 14.80%
84084 West Jordan Single Family $285,000 up 12.67%
84084 West Jordan Condo $181,500 up 5.68%
84088 West Jordan Single Family $315,000 up 12.50%
84088 West Jordan Condo $225,000 N/A
84092 Sandy Single Family $463,200 down 5.57%
84092 Sandy Condo $720,000 N/A
84093 Sandy Single Family $429,000 up 11.43%
84093 Sandy Condo $770,000 N/A
84094 Sandy Single Family $330,000 up 14.29%
84094 Sandy Condo $184,000 N/A
84095 South Jordan Single Family $475,000 up 18.01%
84095 South Jordan Condo $293,500 N/A
84096 Herriman Single Family $386,000 up 8.37%
84096 Herriman Condo $209,560 down 8.89%
84101 Salt Lake City Single Family $326,000 N/A
84101 Salt Lake City Condo $315,000 up 16.88%
84102 Salt Lake City Single Family $440,550 up 31.31%
84102 Salt Lake City Condo $220,000 down 2.87%
84103 Salt Lake City Single Family $555,000 up 20.36%
84103 Salt Lake City Condo $242,000 up 31.81%
84104 Salt Lake City Single Family $219,250 up 16.62%
84104 Salt Lake City Condo $87,550 N/A
84105 Salt Lake City Single Family $419,385 up 11.84%
84105 Salt Lake City Condo No Sales N/A
84106 Salt Lake/Millcreek Single Family $370,000 up 19.35%
84106 Salt Lake/Millcreek Condo $214,750 up 17.67%
84107 Murray Single Family $305,000 up 8.73%
84107 Murray Condo $172,000 up 24.64%
84108 Salt Lake City Single Family $600,000 up 19.52%
84108 Salt Lake City Condo $362,425 up 43.39%
84109 Millcreek Single Family $433,000 up 4.34%
84109 Millcreek Condo $189,500 N/A
84111 Salt Lake City Single Family $280,000 down 0.88%
84111 Salt Lake City Condo $259,000 up 7.02%
84115 South Salt Lake Single Family $267,000 up 11.25%
84115 South Salt Lake Condo $132,000 down 14.70%
84116 Salt Lake City Single Family $249,900 up 13.59%
84116 Salt Lake City Condo $108,500 N/A
84117 Holladay Single Family $486,000 up 8.24%
84117 Holladay Condo $187,000 down 10.29%
84118 Taylorsville/Kearns Single Family $243,000 up 13.05%
84118 Taylorsville/Kearns Condo No Sales N/A
84119 West Valley City Single Family $240,000 up 13.21%
84119 West Valley City Condo $150,000 up 4.90%
84120 West Valley City Single Family $253,750 up 12.40%
84120 West Valley City Condo $203,500 N/A
84121 Cottonwood Single Family $423,250 up 10.65%
84121 Cottonwood Condo $225,000 down 21.53%
84123 Taylorsville/Murray Single Family $304,250 up 9.44%
84123 Taylorsville/Murray Condo $142,500 up 15.85%
84124 Holladay Single Family $501,500 up 14.68%
84124 Holladay Condo $320,000 N/A
84128 West Valley City Single Family $278,000 up 18.35%
84128 West Valley City Condo $234,000 N/A
Data for home prices information provided by WFRMLS.
* The 84009 zip code was added to South Jordan in the 3rd quarter 2015.