Salt Lake County 4th Quarter 2018 Median Home Prices
Summary of how the Salt Lake County Utah housing market performed in the 4th quarter 2018.
4th Quarter 2018 Housing Market Update
While the number of properties sold declined 7.68% in the 4th quarter 2018, this did not seem to impact home prices, as the median sales price increased 7.8% to stand at $322,325. While the year-on-year headline figures look rosy, the data behind the scenes show that home sales prices have pretty much remained unchanged over the last 3 quarters.
With declining home sales and stagnant sales prices, the median time taken to sell homes ticked up to stand at 26 days (an increase of 8.33%).
Single Family Home Sales
Following the trend outlined above the number of single-family homes sold in the quarter declined 10.44% with 2,994 sales, and the median sales price increased 7.55% to stand at $355,000. Homes were taking slightly longer to sell, increasing 11.54% to stand at 29 days.
Condo Home Sales
The Salt Lake Condo market was stronger, sales were up 6,63%, median sales prices were up 11.27% ($214,855) and the time taken to sell a condo unit declined 11.11% to stand at just 16 days.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $410,000 | up 10.98% |
| 84009 * | South Jordan | Condo | $186,815 | N/A |
| 84020 | Draper | Single Family | $539,000 | up 10% |
| 84020 | Draper | Condo | $240,000 | N/A |
| 84044 | Magna | Single Family | $249,000 | up 9.81% |
| 84044 | Magna | Condo | $161,400 | N/A |
| 84047 | Midvale | Single Family | $299,000 | up 4.91% |
| 84047 | Midvale | Condo | $188,500 | up 10.56% |
| 84065 | Riverton | Single Family | $419,664 | up 11.27% |
| 84065 | Riverton | Condo | $235,000 | N/A |
| 84070 | Sandy | Single Family | $325,000 | up 12.07% |
| 84070 | Sandy | Condo | $214,450 | up 12.57% |
| 84084 | West Jordan | Single Family | $306,394 | up 5.38% |
| 84084 | West Jordan | Condo | $195,000 | up 3.17% |
| 84088 | West Jordan | Single Family | $324,900 | up 6.52% |
| 84088 | West Jordan | Condo | $230,000 | N/A |
| 84092 | Sandy | Single Family | $468,000 | up 7.59% |
| 84092 | Sandy | Condo | $390,000 | N/A |
| 84093 | Sandy | Single Family | $480,000 | up 20.15% |
| 84093 | Sandy | Condo | $359,900 | N/A |
| 84094 | Sandy | Single Family | $340,000 | up 10.59% |
| 84094 | Sandy | Condo | $232,000 | N/A |
| 84095 | South Jordan | Single Family | $489,400 | up 3.69% |
| 84095 | South Jordan | Condo | $359,250 | N/A |
| 84096 | Herriman | Single Family | $423,822 | up 12.42% |
| 84096 | Herriman | Condo | $206,500 | up 2.73% |
| 84101 | Salt Lake City | Single Family | $301,500 | N/A |
| 84101 | Salt Lake City | Condo | $362,500 | up 14.75% |
| 84102 | Salt Lake City | Single Family | $365,000 | up 0.69% |
| 84102 | Salt Lake City | Condo | $251,250 | up 10.20% |
| 84103 | Salt Lake City | Single Family | $548,790 | up 13.30% |
| 84103 | Salt Lake City | Condo | $246,375 | up 20.18% |
| 84104 | Salt Lake City | Single Family | $232,000 | up 9.95% |
| 84104 | Salt Lake City | Condo | $110,000 | N/A |
| 84105 | Salt Lake City | Single Family | $449,900 | up 9.73% |
| 84105 | Salt Lake City | Condo | $484,000 | N/A |
| 84106 | Salt Lake/Millcreek | Single Family | $375,000 | up 9.97% |
| 84106 | Salt Lake/Millcreek | Condo | $245,000 | up 24.05% |
| 84107 | Murray | Single Family | $311,000 | up 8.36% |
| 84107 | Murray | Condo | $172,000 | up 4.97% |
| 84108 | Salt Lake City | Single Family | $525,000 | down 0.94% |
| 84108 | Salt Lake City | Condo | $353,000 | up 28.48% |
| 84109 | Millcreek | Single Family | $468,000 | up 10.40% |
| 84109 | Millcreek | Condo | $182,500 | N/A |
| 84111 | Salt Lake City | Single Family | $327,500 | up 27.03% |
| 84111 | Salt Lake City | Condo | $267,500 | up 28.14% |
| 84115 | South Salt Lake | Single Family | $298,150 | up 15.47% |
| 84115 | South Salt Lake | Condo | $172,000 | N/A |
| 84116 | Salt Lake City | Single Family | $265,000 | up 14.22% |
| 84116 | Salt Lake City | Condo | $126,000 | N/A |
| 84117 | Holladay | Single Family | $519,000 | up 15.35% |
| 84117 | Holladay | Condo | $277,450 | up 63.21% |
| 84118 | Taylorsville/Kearns | Single Family | $258,000 | up 10.85% |
| 84118 | Taylorsville/Kearns | Condo | No Sales | N/A |
| 84119 | West Valley City | Single Family | $263,000 | up 9.58% |
| 84119 | West Valley City | Condo | $173,000 | up 1.88% |
| 84120 | West Valley City | Single Family | $268,500 | up 9.59% |
| 84120 | West Valley City | Condo | $189,950 | N/A |
| 84121 | Cottonwood | Single Family | $433,000 | up 14.70% |
| 84121 | Cottonwood | Condo | $230,900 | down 3.39% |
| 84123 | Taylorsville/Murray | Single Family | $339,900 | up 13.34% |
| 84123 | Taylorsville/Murray | Condo | $174,950 | up 16.83% |
| 84124 | Holladay | Single Family | $470,000 | up 8.05% |
| 84124 | Holladay | Condo | $283,000 | N/A |
| 84128 | West Valley City | Single Family | $285,000 | up 9.66% |
| 84128 | West Valley City | Condo | $194,250 | N/A |
| 84129 | Taylorsville | Single Family | $292,500 | up 8.33% |
| 84129 | Taylorsville | Condo | $225,000 | N/A |