Salt Lake County 4th Quarter 2022 Median Home Prices
Overview of the Salt Lake real estate market in the 4th quarter 2022 including home sales prices by zip code. Prices rose slightly but the number of sold homes fell sharply.
4th Quarter 2022 Housing Market Update
Home prices in Salt Lake County increased just 3.09% in the 4th quarter of 2022 but were down when compared to the 3rd quarter. The median sales price for a home sat at $500,000, down from $525,000 in the 3rd quarter. Home sales collapsed in the 4th quarter declining 46.54% while those homes that did sell took a lot longer with the median days on market climbing 288% to 35 days.
Single Family Home Sales
Following the overall trend single-family home prices rose slightly when compared to last year (up 1.25%) but declined when compared to last quarter. Total homes sold went down 44%, while it took a median of 35 days to put a home under contract (up 250%).
Condo Home Sales
Condo prices rose 5.68% to sit at $380,750 in the quarter, but sales dropped 48% and the time taken to sell a condo rose 337% to 35 days.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $654,450 | down 1.14% |
| 84009 * | South Jordan | Condo | $354,950 | N/A |
| 84020 | Draper | Single Family | $945,000 | up 6.78% |
| 84020 | Draper | Condo | $460,000 | N/A |
| 84044 | Magna | Single Family | $388,000 | up 0.13% |
| 84044 | Magna | Condo | $271,000 | N/A |
| 84047 | Midvale | Single Family | $507,450 | up 5.72% |
| 84047 | Midvale | Condo | $379,900 | up 26.65% |
| 84065 | Riverton | Single Family | $698,250 | up 5.96% |
| 84065 | Riverton | Condo | $362,500 | N/A |
| 84070 | Sandy | Single Family | $537,000 | up 7.40% |
| 84070 | Sandy | Condo | $327,000 | N/A |
| 84084 | West Jordan | Single Family | $485,000 | up 2.11% |
| 84084 | West Jordan | Condo | $365,900 | N/A |
| 84088 | West Jordan | Single Family | $510,000 | down 2.49% |
| 84088 | West Jordan | Condo | $500,000 | N/A |
| 84092 | Sandy | Single Family | $692,000 | down 8.95% |
| 84092 | Sandy | Condo | $40,000 | N/A |
| 84093 | Sandy | Single Family | $725,000 | up 4.69% |
| 84093 | Sandy | Condo | No Sales | N/A |
| 84094 | Sandy | Single Family | $526,000 | down 0.75% |
| 84094 | Sandy | Condo | $322,500 | N/A |
| 84095 | South Jordan | Single Family | $702,800 | down 5.03% |
| 84095 | South Jordan | Condo | $540,000 | N/A |
| 84096 | Herriman | Single Family | $650,000 | up 0.01 |
| 84096 | Herriman | Condo | $346,500 | up 1.91% |
| 84101 | Salt Lake City | Single Family | $421,000 | N/A |
| 84101 | Salt Lake City | Condo | $555,000 | up 27% |
| 84102 | Salt Lake City | Single Family | $567,000 | down 19% |
| 84102 | Salt Lake City | Condo | $399,000 | up 6.40% |
| 84103 | Salt Lake City | Single Family | $927,500 | up 23.58% |
| 84103 | Salt Lake City | Condo | $459,000 | up 8.9% |
| 84104 | Salt Lake City | Single Family | $372,500 | down 3.25% |
| 84104 | Salt Lake City | Condo | $241,000 | N/A |
| 84105 | Salt Lake City | Single Family | $727,500 | up 9.44% |
| 84105 | Salt Lake City | Condo | No Sales | N/A |
| 84106 | Salt Lake/Millcreek | Single Family | $525,045 | down 4.71% |
| 84106 | Salt Lake/Millcreek | Condo | $352,500 | up 11.55% |
| 84107 | Murray | Single Family | $541,200 | up 2.71% |
| 84107 | Murray | Condo | $280,000 | up 1.82% |
| 84108 | Salt Lake City | Single Family | $815,000 | up 3.82% |
| 84108 | Salt Lake City | Condo | $450,000 | N/A |
| 84109 | Millcreek | Single Family | $729,225 | up 1.93% |
| 84109 | Millcreek | Condo | $349,500 | N/A |
| 84111 | Salt Lake City | Single Family | $556,000 | up 3.44% |
| 84111 | Salt Lake City | Condo | $330,000 | No Change |
| 84115 | South Salt Lake | Single Family | $477,915 | up 9.74% |
| 84115 | South Salt Lake | Condo | $367,500 | N/A |
| 84116 | Salt Lake City | Single Family | $430,000 | up 3.61% |
| 84116 | Salt Lake City | Condo | $234,000 | N/A |
| 84117 | Holladay | Single Family | $727,500 | up 5.05% |
| 84117 | Holladay | Condo | $430,000 | up 41% |
| 84118 | Taylorsville/Kearns | Single Family | $388,500 | down 1.65% |
| 84118 | Taylorsville/Kearns | Condo | No Sales | N/A |
| 84119 | West Valley City | Single Family | $409,500 | up 1.11% |
| 84119 | West Valley City | Condo | $279,500 | N/A |
| 84120 | West Valley City | Single Family | $422,000 | up 0.72% |
| 84120 | West Valley City | Condo | $375,000 | N/A |
| 84121 | Cottonwood | Single Family | $725,000 | up 3.33% |
| 84121 | Cottonwood | Condo | $410,000 | up 15.49% |
| 84123 | Taylorsville/Murray | Single Family | $525,000 | No Change |
| 84123 | Taylorsville/Murray | Condo | $291,000 | up 3.47% |
| 84124 | Holladay | Single Family | $750,000 | down 2.41% |
| 84124 | Holladay | Condo | $353,250 | N/A |
| 84128 | West Valley City | Single Family | $469,950 | up 0.52% |
| 84128 | West Valley City | Condo | $375,000 | N/A |
| 84129 | Taylorsville | Single Family | $439,950 | down 0.24% |
| 84129 | Taylorsville | Condo | $346,000 | N/A |