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: February 10, 2026
Is Salt Lake City a Buyer's or Seller's Market?
In January 2026, Salt Lake City had 145 single-family homes on the market and 107 sales, resulting in 2.0 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
2.0
5.7% Increase
Jan. 2026 vs Jan. 2025
Median Sales Price
$670,000
22.9% Increase
Jan. 2026 vs Jan. 2025
Days on Market
68
21.4% Increase
Jan. 2026 vs Jan. 2025
Are Salt Lake City Home Prices Dropping?
Prices Continue to Trend Up Year Over Year
The median sales price of single-family homes in Salt Lake City rose to $670,000 in January 2026, reflecting a 22.9% increase compared to January 2025. Inventory increased to 2.0 months, up 5.7% year over year, providing buyers with slightly more options while still favoring sellers. Days on market climbed to 68, a 21.4% increase, suggesting homes are taking a bit longer to sell than this time last year. Overall, the market remains healthy, with strong price growth alongside gradually increasing inventory, pointing toward a more balanced but still competitive landscape.
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
$317
2.3% Increase
Jan. 2026 vs Jan. 2025
Condos & Townhomes
Price Per Sq. Ft.
$308
5.3% Decrease
Jan. 2026 vs Jan. 2025
Is Now a Good Time to Buy a Home in SLC?
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
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 January 2026, 1,227 new listings were added to the MLS, and 621 homes were sold, which means Salt Lake County currently has 3.6 months of single-family, condo, and townhome inventory available. Salt Lake County is a seller's market.
Months of Inventory
3.6
22.5% Increase
Jan. 2026 vs Jan. 2025
Median Sales Price
$563,990
6.6% Increase
Jan. 2026 vs Jan. 2025
Days on Market
68
17.2% Increase
Jan. 2026 vs Jan. 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
17.3%
Jan. 2026 $610,000 | 139 homes sold
vs.
Jan. 2025 $520,000 | 159 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Valley City
prices decreased by
1.2%
Jan. 2026 $444,500 | 42 homes sold
vs.
Jan. 2025 $449,900 | 58 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
Sandy
prices decreased by
2.4%
Jan. 2026 $620,000 | 41 homes sold
vs.
Jan. 2025 $635,000 | 63 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Jordan
prices decreased by
2.4%
Jan. 2026 $532,000 | 76 homes sold
vs.
Jan. 2025 $544,950 | 58 homes sold
Home Price Trends Vary Across Salt Lake County
Home prices across Salt Lake County showed mixed performance year over year, with trends varying notably by city. Salt Lake City recorded a strong increase, as median prices for single-family homes, condos, and townhomes rose 17.3%, climbing to $610,000 in January 2026, highlighting continued demand in the urban core despite fewer homes sold compared to last year.
In contrast, several suburban markets experienced modest price softening. West Valley City’s median price declined 1.2% year over year to $444,500, while Sandy and West Jordan both saw prices decrease 2.4%, with median values of $620,000 and $532,000, respectively. These shifts suggest increased buyer sensitivity and pricing adjustments in those areas.
Overall, the county’s housing market remains active, though conditions are becoming more nuanced. While Salt Lake City continues to see upward price pressure, many suburban markets are moving toward greater balance as inventory levels, affordability concerns, and buyer selectivity influence pricing strategies.
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.