Salt Lake County 3rd Quarter 2022 Median Home Prices
Summary of how the Salt Lake County Utah housing market performed in the 3rd quarter 2022.
3rd Quarter 2022 Housing Market Update
Home prices in Salt Lake County rose 9.71% ($525,000) compared to the same quarter in 2021, but when compared quarter by quarter fell to levels seen in the 1st quarter of 2022. Homes sat on the market longer taking a median of 21 days to go under contract (still a good number but twice as long as last year). The number of homes declined substantially, falling 30.47% with 3382 homes sold in the quarter.
Single Family Home Sales
The median price for a single-family home sat at a nice round $600,000 (up 9.09%) in the 3rd quarter 2022. A home took a median of 22 days to sell (up 214%) and there were 2385 homes sold (down 29.48%).
Condo Home Sales
The condo market saw sales prices rise 15.54% to $355,000 on the back of declining sales which were down a whopping 36.20%. Condos were also taking longer to sell with a median of 20 days, up 233%.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $699,000 | up 10.52% |
| 84009 * | South Jordan | Condo | $360,000 | up 18.81% |
| 84020 | Draper | Single Family | $874,500 | No Change |
| 84020 | Draper | Condo | $372,500 | NA |
| 84044 | Magna | Single Family | $439,000 | up 11.99% |
| 84044 | Magna | Condo | $275,000 | NA |
| 84047 | Midvale | Single Family | $500,000 | up 6.15% |
| 84047 | Midvale | Condo | $315,000 | up 14.76% |
| 84065 | Riverton | Single Family | $700,750 | up 8.99% |
| 84065 | Riverton | Condo | $367,500 | NA |
| 84070 | Sandy | Single Family | $558,450 | up 14.32% |
| 84070 | Sandy | Condo | $350,000 | up 12.90% |
| 84084 | West Jordan | Single Family | $500,000 | up 4.71% |
| 84084 | West Jordan | Condo | $368,000 | NA |
| 84088 | West Jordan | Single Family | $551,000 | up 10.20% |
| 84088 | West Jordan | Condo | No Sales | NA |
| 84092 | Sandy | Single Family | $816,250 | up 2.03% |
| 84092 | Sandy | Condo | $356,000 | NA |
| 84093 | Sandy | Single Family | $812,400 | up 22.17% |
| 84093 | Sandy | Condo | No Sales | NA |
| 84094 | Sandy | Single Family | $569,500 | up 8.48% |
| 84094 | Sandy | Condo | $330,000 | NA |
| 84095 | South Jordan | Single Family | $787,450 | up 9.37% |
| 84095 | South Jordan | Condo | $345,000 | NA |
| 84096 | Herriman | Single Family | $680,000 | up 6.25% |
| 84096 | Herriman | Condo | $382,000 | up 31.23% |
| 84101 | Salt Lake City | Single Family | $527,500 | NA |
| 84101 | Salt Lake City | Condo | $487,500 | up 16.07% |
| 84102 | Salt Lake City | Single Family | $699,500 | up 11.03% |
| 84102 | Salt Lake City | Condo | $340,000 | up 11.29% |
| 84103 | Salt Lake City | Single Family | $851,500 | up 2.28% |
| 84103 | Salt Lake City | Condo | $410,000 | up 21.48% |
| 84104 | Salt Lake City | Single Family | $410,000 | up 12.48% |
| 84104 | Salt Lake City | Condo | $245,300 | NA |
| 84105 | Salt Lake City | Single Family | $695,000 | up 2.06% |
| 84105 | Salt Lake City | Condo | No Sales | NA |
| 84106 | Salt Lake/Millcreek | Single Family | $602,500 | up 5.52% |
| 84106 | Salt Lake/Millcreek | Condo | $364,000 | up 10.89% |
| 84107 | Murray | Single Family | $573,000 | up 14.60% |
| 84107 | Murray | Condo | $300,000 | up 9.09% |
| 84108 | Salt Lake City | Single Family | $797,000 | down 3.98% |
| 84108 | Salt Lake City | Condo | $480,000 | up 12.94% |
| 84109 | Millcreek | Single Family | $733,000 | up 0.55% |
| 84109 | Millcreek | Condo | $435,000 | NA |
| 84111 | Salt Lake City | Single Family | $477,000 | NA |
| 84111 | Salt Lake City | Condo | $332,500 | down 6.07% |
| 84115 | South Salt Lake | Single Family | $505,000 | up 23.17% |
| 84115 | South Salt Lake | Condo | $350,000 | up 7.69% |
| 84116 | Salt Lake City | Single Family | $450,000 | up 7.14% |
| 84116 | Salt Lake City | Condo | $223,500 | NA |
| 84117 | Holladay | Single Family | $720,000 | down 5.14% |
| 84117 | Holladay | Condo | $370,000 | up 33.33% |
| 84118 | Taylorsville/Kearns | Single Family | $430,000 | up 7.5% |
| 84118 | Taylorsville/Kearns | Condo | No Sales | NA |
| 84119 | West Valley City | Single Family | $433,650 | up 9.65% |
| 84119 | West Valley City | Condo | $325,000 | up 18.18% |
| 84120 | West Valley City | Single Family | $455,000 | up 10.44% |
| 84120 | West Valley City | Condo | $377,250 | NA |
| 84121 | Cottonwood | Single Family | $740,000 | up 13.76% |
| 84121 | Cottonwood | Condo | $509,950 | up 29.10% |
| 84123 | Taylorsville/Murray | Single Family | $521,250 | up 3.42% |
| 84123 | Taylorsville/Murray | Condo | $305,000 | up 12.75% |
| 84124 | Holladay | Single Family | $795,000 | up 12.87% |
| 84124 | Holladay | Condo | $362,000 | NA |
| 84128 | West Valley City | Single Family | $465,000 | up 2.20% |
| 84128 | West Valley City | Condo | $356,500 | NA |
| 84129 | Taylorsville | Single Family | $480,000 | up 10.34% |
| 84129 | Taylorsville | Condo | No Sales | NA |