Salt Lake County 2019 3rd Quarter Median Home Prices
Summary of how the Salt Lake County Utah housing market performed in the third quarter 2019..
2019 3rd Quarter Housing Market Update
Home prices continued to show strong appreciation in the 3rd quarter 2019. The median sales price for a home hit another record high reaching $348,000, an increase of 7.74% over the same time last year (last quarter was $345,000). There were slightly more homes sold in the quarter (up 1.87%) but they were taking longer to sell (22 days up over 57%). The stat that should out was the number of homes listed in the quarter which saw a shape decline of 8.59%. This decline in listings makes for a tighter market and continues to help drive up home prices.
Single Family Home Sales
For single-family homes the median sales price increased 6.94% (compared to 3rd quarter 2018) to stand at $385,000, but interestingly was unchanged when compared to last quarter. There were fewer homes coming on the market with 4504 new listings a drop of 8.19% and a slight increase in the number of homes sold 3,683 up 1.66%. Homes were also takjing longer to sell with a median of 23 days (still a strong number) which was up 53.33%.
Condo Home Sales
The condo real estate market was the strongest segment in the quarter. Condo prices hit a new high of $230,633, up an impressive 9.30%. This was fueled by the sharp 16.54% decline in new condo listings. Fewer listings usually means fewer sales and this showed with sales declining 5.21%. Condos sold fast talking just 20 days to go under contract, but this was twice as slow as last year.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $449,900 | up 7.18% |
| 84009 * | South Jordan | Condo | $204,650 | N/A |
| 84020 | Draper | Single Family | $565,500 | up 6.10% |
| 84020 | Draper | Condo | $255,000 | N/A |
| 84044 | Magna | Single Family | $275,000 | up 9.56% |
| 84044 | Magna | Condo | $170,975 | N/A |
| 84047 | Midvale | Single Family | $335,000 | up 10.02% |
| 84047 | Midvale | Condo | $225,000 | up 20.32% |
| 84065 | Riverton | Single Family | $460,000 | up 11.67% |
| 84065 | Riverton | Condo | $260,000 | N/A |
| 84070 | Sandy | Single Family | $345,000 | up 9.52% |
| 84070 | Sandy | Condo | $220,950 | up 4.22% |
| 84084 | West Jordan | Single Family | $321,000 | up 7% |
| 84084 | West Jordan | Condo | $219,000 | up 9.53% |
| 84088 | West Jordan | Single Family | $350,100 | up 5.06% |
| 84088 | West Jordan | Condo | $302,450 | N/A |
| 84092 | Sandy | Single Family | $551,950 | up 16.02% |
| 84092 | Sandy | Condo | $399,900 | N/A |
| 84093 | Sandy | Single Family | $487,500 | up 13.17% |
| 84093 | Sandy | Condo | $1,500,000 | N/A |
| 84094 | Sandy | Single Family | $365,000 | up 9.28% |
| 84094 | Sandy | Condo | $211,500 | N/A |
| 84095 | South Jordan | Single Family | $510,000 | up 7.86% |
| 84095 | South Jordan | Condo | $352,975 | N/A |
| 84096 | Herriman | Single Family | $438,000 | up 4.53% |
| 84096 | Herriman | Condo | $231,395 | up 9.03% |
| 84101 | Salt Lake City | Single Family | No Sales | N/A |
| 84101 | Salt Lake City | Condo | $360,000 | up 12.54% |
| 84102 | Salt Lake City | Single Family | $435,230 | up 4.87% |
| 84102 | Salt Lake City | Condo | $246,125 | up 0.46% |
| 84103 | Salt Lake City | Single Family | $643,300 | up 7.22% |
| 84103 | Salt Lake City | Condo | $265,000 | up 12.77% |
| 84104 | Salt Lake City | Single Family | $256,000 | up 9.87% |
| 84104 | Salt Lake City | Condo | $116,000 | N/A |
| 84105 | Salt Lake City | Single Family | $502,500 | up 9.24% |
| 84105 | Salt Lake City | Condo | $364,500 | N/A |
| 84106 | Salt Lake/Millcreek | Single Family | $402,500 | up 6.27% |
| 84106 | Salt Lake/Millcreek | Condo | $240,000 | up 8.84% |
| 84107 | Murray | Single Family | $357,500 | up 15.32% |
| 84107 | Murray | Condo | $195,000 | up 14.71% |
| 84108 | Salt Lake City | Single Family | $630,000 | down 1.18% |
| 84108 | Salt Lake City | Condo | $449,000 | N/A |
| 84109 | Millcreek | Single Family | $503,000 | up 5.12% |
| 84109 | Millcreek | Condo | $214,250 | N/A |
| 84111 | Salt Lake City | Single Family | $325,450 | up 6.70% |
| 84111 | Salt Lake City | Condo | $230,000 | down 14.81% |
| 84115 | South Salt Lake | Single Family | $345,000 | up 16.36% |
| 84115 | South Salt Lake | Condo | $223,000 | up 14.36% |
| 84116 | Salt Lake City | Single Family | $305,000 | up 13.81% |
| 84116 | Salt Lake City | Condo | $133,900 | N/A |
| 84117 | Holladay | Single Family | $525,000 | down 6.60% |
| 84117 | Holladay | Condo | $213,000 | up 11.87% |
| 84118 | Taylorsville/Kearns | Single Family | $275,000 | up 4.58% |
| 84118 | Taylorsville/Kearns | Condo | $165,000 | N/A |
| 84119 | West Valley City | Single Family | $287,900 | up 11.59% |
| 84119 | West Valley City | Condo | $188,500 | up 0.80% |
| 84120 | West Valley City | Single Family | $290,000 | up 7.41% |
| 84120 | West Valley City | Condo | $127,500 | N/A |
| 84121 | Cottonwood | Single Family | $481,000 | up 6.30% |
| 84121 | Cottonwood | Condo | $266,000 | up 14.16% |
| 84123 | Taylorsville/Murray | Single Family | $378,750 | up 12.56% |
| 84123 | Taylorsville/Murray | Condo | $171,000 | up 0.59% |
| 84124 | Holladay | Single Family | $537,000 | up 6.71% |
| 84124 | Holladay | Condo | $312,500 | N/A |
| 84128 | West Valley City | Single Family | $303,750 | up 4.65% |
| 84128 | West Valley City | Condo | $256,500 | N/A |
| 84129 | Taylorsville | Single Family | $310,000 | up 8.96% |
| 84129 | Taylorsville | Condo | $187,000 | N/A |