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..
![Salt Lake County Home Prices Q3 2019 text with home and piles of money](../images/salt-lake-county-home-prices-q3-2019.jpg)
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 |