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Salt Lake City Market Report

$742,126

AVERAGE PRICE OF 1,041 HOMES

$435,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,047,368

AVERAGE PRICE OF 155 MULTI-MILLION DOLLAR HOMES

$590,683

AVERAGE PRICE OF 68 NEWLY BUILT HOMES

$908,166

AVERAGE PRICE OF 120 HOMES WITH A POOL

$635,681

AVERAGE PRICE OF 50 REDUCED PRICE HOMES

Average Home

Average Price $742,126
Avg Bedrooms 3.22 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $357,234
2 bedrooms $459,454
3 bedrooms $576,403
4 bedrooms $764,003
5 bedrooms $1,059,277
Salt Lake City Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 1,117 1,056 1,020 1,035 1,009
Average Price $734,238 $751,905 $729,868 $715,511 $694,161
Avg Price Change -2.41% +3.02% +2.01% +3.08% -5.13%
Median Price $542,093 $549,793 $524,455 $522,784 $500,736
Med Price Change -1.42% +4.83% +0.32% +4.40% +0.87%
Avg Bedrooms 3.26 beds 3.27 beds 3.22 beds 3.21 beds 3.19 beds
Avg Bathrooms 2.36 baths 2.39 baths 2.33 baths 2.34 baths 2.33 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cottonwood 86 $695,561 49 days
East 184 $713,364 49 days
Highland 190 $684,550 74 days
Olympus 73 $652,456 40 days
West 193 $740,561 53 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,041 $742,126 59 days
Distressed Homes 2 $435,000 12 days
Multi-Million Dollar Homes 155 $2,047,368 87 days
Newly Built Homes 68 $590,683 146 days
Homes with a Pool 120 $908,166 54 days
Reduced Price Homes 50 $635,681 32 days
Keller Williams South Valley | Raines Real Estate Team
Donny Raines
4020 W Daybreak PKWY
South Jordan, UT 84009
801-347-5054

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of October 22, 2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2021 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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