Salt Lake City Real Estate Market Report
This market report includes up-to-date information on the Salt Lake City Metro Area courtesy of the WFR-MLS as provided by Joel Carson, Salt Lake City's #1 real estate agent.
Last Updated: January 7, 2026
Is Salt Lake City a Buyer's or Seller's Market?
In December 2025, Salt Lake City had 233 single-family homes on the market and 142 sales, resulting in 1.6 months of available inventory. Generally, fewer than five months of inventory is considered a seller’s market. With inventory still relatively low and demand holding steady, prices have continued to rise, though the increase in inventory and days on market suggest the market is slowly moving toward more balance.
Single Family Homes
Months of Inventory
1.6
6.7% Increase
Dec. 2024 vs Dec. 2025
Median Sales Price
$597,500
3.1% Inecrease
Dec. 2024 vs Dec. 2025
Days on Market
58
0% Increase
Dec. 2024 vs Dec. 2025
Are Salt Lake City Home Prices Dropping?
Prices Increase Slightly Compared to 2024
The median sales price of single-family homes in Salt Lake City increased to $597,500 in December 2025, marking a 3.1% rise compared to December 2024. Inventory climbed to 1.6 months, a 6.7% increase, indicating more options for buyers entering the market. Days on market held steady at 58, showing no change year over year. Overall, the market remains active, with rising prices and gradually improving inventory contributing to a more balanced environment.
Salt Lake City Median Sales Price Past 5 Years
How Much Does a House Cost in Salt Lake City?
Depending on the size and type of home you choose, you can multiply the estimated square footage by avg. price per square foot to get an idea of how much a house might cost in Salt Lake City. The average square footage of a single-family home in Salt Lake City is approx. 2,000 Sq. Ft. while the average for condos & townhomes is approx. 1,200 Sq. Ft.
Single Family Homes
Price Per Sq. Ft
$310
1.3% Decrease
Dec. 2024 vs Dec. 2025
Condos & Townhomes
Price Per Sq. Ft.
$308
4.8% Decrease
Dec. 2024 vs Dec. 2025
Is Now a Good Time to Buy a Home in SLC?
Although we are technically in a seller's market, it may still be a good time to buy. Many people are sitting on the sidelines hoping for mortgage interest rates to fall. If rates dip steeply, you will see more buyers enter the market, driving up home prices further. Buying today and refinancing at a lower interest rate when rates drop, can be a wise strategy.
Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States
11/1/1971-11/1/2025
Is Now a Good Time to Sell a Home in SLC?
This is a great time to sell a home. There is still a high demand for housing and many buyers are looking to purchase immediately. Homes are selling at historically high prices.
Salt Lake County Real Estate Market
In December 2025, 716 new listings were added to the MLS, and 904 homes were sold, which means Salt Lake County currently has 2.5 months of single family, condo, and townhome inventory available. Salt Lake County is seller's market.
Months of Inventory
2.5
16.7% Increase
Dec. 2024 vs Dec. 2025
Median Sales Price
$555,000
3.1% Increase
Dec. 2024 vs Dec. 2025
Days on Market
68
13.3% Increase
Dec. 2024 vs Dec. 2025
Compare Home Prices in Popular Salt Lake County Cities
A year-over-year comparison of all dwelling types: Single family homes, condos, and townhomes show that the most populated cities in Salt Lake County are starting to see a cooling trend, with prices decreasing or only slightly up year-over-year.
Median Sales Price
SFHs, Condos, & Townhomes
Salt Lake City
prices increased by
0.3%
Dec. 2025 $516,500 | 202 homes sold
vs.
Dec. 2024 $515,000 | 219 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Valley City
prices increased by
7.6%
Dec. 2025 $475,000 | 52 homes sold
vs.
Dec. 2024 $441,500 | 39 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
Sandy
prices increased by
11.9%
Dec. 2025 $632,500 | 67 homes sold
vs.
Dec. 2024 $565,500 | 76 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Jordan
prices increased by
11.7%
Dec. 2025 $560,000 | 74 homes sold
vs.
Dec. 2024 $501,500 | 42 homes sold
Market Momentum Mixed Across Salt Lake County
Home prices across Salt Lake County continued to trend upward in December, though growth varied significantly by city. Sandy and West Jordan led the county, posting the strongest year-over-year gains with median prices increasing 11.9% and 11.7%, respectively—signaling particularly strong demand in those markets. West Valley City also saw solid appreciation, with prices rising 7.6% compared to last year.
In contrast, Salt Lake City’s median price growth remained relatively flat, edging up just 0.3% year over year, suggesting a more stabilized or price-sensitive market compared to surrounding areas.
Overall, the county’s housing market remains active, with most cities experiencing notable appreciation despite ongoing affordability considerations. Buyer demand appears strongest in suburban markets, while urban price growth has moderated as inventory, interest rates, and buyer selectivity continue to shape market conditions.
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 MLS. All information should be independently reviewed and verified for accuracy.