Salt Lake County 2018 Annual Median Home Prices
Summary of how the Salt Lake County Utah housing market performed in the 2018.
2018 Annual Housing Market Update
2018 was a strong year for the Salt Lake County housing market, at least the start of the year was. The median sales price for a Salt Lake County home increased 9.52% to $319,700. While sales prices were up, the total number of properties that sold in the year remained pretty much flat, with only a 0.11% increase to 18,045 sales. Much of the best performance was at the start of the year, with the last 3 quarters showing little to no gains. The rate at which homes sold was very strong, taking a median of 16 days to sell a home, but from 14 in 2017.
Single Family Home Sales
With the median sales price for a single-family home hitting $355,000 in 2018, home affordability continued to be a problem. This was an increase of nearly 10% in 2018, and a new all-time high. The actual number of homes sold saw a slight decline, dropping 2.19% with 13,091 sales. Homes took slightly longer to sell, with a median of 18 days, up from 15 the previous year.
Condo Home Sales
The best performing area of the real estate market was the condo market. Median sales prices climbed 11.59% to stand at $210,000. The number of condominium units sold also increased with 2,199 sales, an improvement of 5.42%. Condos did take longer to sell, taking a median of 11 days, which is still exceptionally fast.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $415,000 | up 5.67% |
| 84009 * | South Jordan | Condo | $207,425 | up 22.01% |
| 84020 | Draper | Single Family | $522,871 | up 6.93% |
| 84020 | Draper | Condo | $225,000 | down 7.22% |
| 84044 | Magna | Single Family | $248,000 | up 13.37% |
| 84044 | Magna | Condo | $143,995 | up 20% |
| 84047 | Midvale | Single Family | $299,000 | up 10.74% |
| 84047 | Midvale | Condo | $183,500 | up 7% |
| 84065 | Riverton | Single Family | $411,589 | up 8.53% |
| 84065 | Riverton | Condo | $194,000 | down 22.40% |
| 84070 | Sandy | Single Family | $322,000 | up 8.24% |
| 84070 | Sandy | Condo | $210,000 | up 12.90% |
| 84084 | West Jordan | Single Family | $300,000 | up 11.11% |
| 84084 | West Jordan | Condo | $196,922 | up 7.90% |
| 84088 | West Jordan | Single Family | $323,000 | up 7.67% |
| 84088 | West Jordan | Condo | $232,000 | down 1.28% |
| 84092 | Sandy | Single Family | $475,000 | up 7.95% |
| 84092 | Sandy | Condo | $695,000 | up 43.30% |
| 84093 | Sandy | Single Family | $455,000 | up 9.68% |
| 84093 | Sandy | Condo | $725,000 | N/A |
| 84094 | Sandy | Single Family | $335,900 | up 10.86% |
| 84094 | Sandy | Condo | $203,250 | up 5.04% |
| 84095 | South Jordan | Single Family | $480,000 | up 6.67% |
| 84095 | South Jordan | Condo | $317,450 | up 15.01% |
| 84096 | Herriman | Single Family | $406,000 | up 11.23% |
| 84096 | Herriman | Condo | $210,000 | up 8.53% |
| 84101 | Salt Lake City | Single Family | $234,000 | up 9.19% |
| 84101 | Salt Lake City | Condo | $332,500 | up 11.20% |
| 84102 | Salt Lake City | Single Family | $415,000 | up 13.08% |
| 84102 | Salt Lake City | Condo | $255,000 | up 17.24% |
| 84103 | Salt Lake City | Single Family | $577,500 | up 16.97% |
| 84103 | Salt Lake City | Condo | $230,000 | up 9.94% |
| 84104 | Salt Lake City | Single Family | $227,000 | up 12.94% |
| 84104 | Salt Lake City | Condo | $100,750 | up 16.47% |
| 84105 | Salt Lake City | Single Family | $449,900 | up 9.60% |
| 84105 | Salt Lake City | Condo | $326,950 | N/A |
| 84106 | Salt Lake/Millcreek | Single Family | $380,000 | up 12.09% |
| 84106 | Salt Lake/Millcreek | Condo | $217,500 | up 16.78% |
| 84107 | Murray | Single Family | $308,500 | up 6.49% |
| 84107 | Murray | Condo | $172,000 | up 18.62% |
| 84108 | Salt Lake City | Single Family | $599,000 | up 10.41% |
| 84108 | Salt Lake City | Condo | $340,000 | up 2.49% |
| 84109 | Millcreek | Single Family | $456,500 | up 9.21% |
| 84109 | Millcreek | Condo | $187,500 | down 5.90% |
| 84111 | Salt Lake City | Single Family | $303,300 | up 6.98% |
| 84111 | Salt Lake City | Condo | $259,000 | up 15.11% |
| 84115 | South Salt Lake | Single Family | $289,900 | up 13.69% |
| 84115 | South Salt Lake | Condo | $169,990 | up 9.71% |
| 84116 | Salt Lake City | Single Family | $265,000 | up 14.47% |
| 84116 | Salt Lake City | Condo | $119,500 | up 27.81% |
| 84117 | Holladay | Single Family | $550,000 | up 22.22% |
| 84117 | Holladay | Condo | $206,638 | up 17.74% |
| 84118 | Taylorsville/Kearns | Single Family | $255,000 | up 10.87% |
| 84118 | Taylorsville/Kearns | Condo | $163,500 | N/A |
| 84119 | West Valley City | Single Family | $255,000 | up 8.51% |
| 84119 | West Valley City | Condo | $170,000 | up 9.68% |
| 84120 | West Valley City | Single Family | $265,000 | up 10.42% |
| 84120 | West Valley City | Condo | $201,000 | up 11.67% |
| 84121 | Cottonwood | Single Family | $439,500 | up 9.89% |
| 84121 | Cottonwood | Condo | $229,950 | down 2.15% |
| 84123 | Taylorsville/Murray | Single Family | $320,000 | up 11.26% |
| 84123 | Taylorsville/Murray | Condo | $160,000 | up 12.68% |
| 84124 | Holladay | Single Family | $507,000 | up 12.79% |
| 84124 | Holladay | Condo | $276,000 | up 66.32% |
| 84128 | West Valley City | Single Family | $285,000 | up 11.76% |
| 84128 | West Valley City | Condo | $218,000 | N/A |
| 84129 | Taylorsville | Single Family | $285,000 | up 11.76% |
| 84129 | Taylorsville | Condo | $193,500 | up 68.26% |