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: May 7, 2026
Is Salt Lake City a Buyer's or Seller's Market?
In April 2026, Salt Lake City had 290 single-family homes on the market and 201 sales, resulting in 1.4 months of available inventory. Generally, fewer than five months of inventory is considered a seller’s market. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Single Family Homes
Months of Inventory
1.4
14.9% Decrease
April 2026 vs April 2025
Median Sales Price
$679,900
9.7% Increase
April 2026 vs April 2025
Days on Market
34
15% Decrease
April 2026 vs April 2025
Are Salt Lake City Home Prices Dropping?
Prices Continue to Trend Up Year Over Year
The single-family home market continues its upward trajectory. The median sales price reached $679,900 in April 2026, up 9.7% from the prior year. Inventory has contracted to 1.4 months—down 14.9% year-over-year—while homes are now spending 34 days on market, a notable 15% decrease. With homes selling faster and prices climbing, the market remains fundamentally healthy, reflecting strong demand and a competitive landscape that continues to favor sellers while inventory stays lean.
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
$348
0.6% Increase
April 2026 vs April 2025
Condos & Townhomes
Price Per Sq. Ft.
$342
1.1% Decrease
April 2026 vs April 2025
Is Now a Good Time to Buy a Home in SLC?
Home sales have been exceeding new inventory, and the data backs it up. Median prices have climbed nearly 10% year over year, with the market firmly in the Seller's zone. Homes are selling significantly faster than this time last year, and inventory continues to shrink
Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States
02/1/1971-02/1/2025
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 April 2026, 1,881 new listings were added to the MLS, and 1,088 homes were sold, indicating that Salt Lake County currently has 2.6 months of single-family, condo, and townhome inventory. Salt Lake County is a seller's market.
Months of Inventory
2.6
0% Increase
April 2026 vs April 2025
Median Sales Price
$555,000
2.0% Increase
April 2026 vs April 2025
Days on Market
50
2.0% Increase
April 2026 vs April 2025
Compare Home Prices in Popular Salt Lake County Cities
A year-over-year comparison across Salt Lake County reveals divergent market dynamics, with price movements ranging from modest gains to notable declines. While the county's most populated cities show mixed performance, pricing momentum varies significantly from one location to the next.
Median Sales Price
SFHs, Condos, & Townhomes
Salt Lake City
prices increased by
4.9%
April 2026 $589,900 | 259 homes sold
vs.
April 2025 $562,465 | 219 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Valley City
prices increased by
4.2%
April 2026 $475,000 | 79 homes sold
vs.
April 2025 $456,000 | 59 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
Sandy
prices increased by
2.5%
April 2026 $640,500 | 86 homes sold
vs.
April 2025 $625,000 | 79 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Jordan
prices decreased by
1.9%
April 2026 $525,000 | 95 homes sold
vs.
April 2025 $535,000 | 121 homes sold
Home Price Trends Vary Across Salt Lake County
Across the valley, price trends were mostly positive year over year. Salt Lake City and West Valley City led the way with gains of nearly 5% and just over 4%, respectively, with both cities also seeing a meaningful jump in homes sold, a sign of strengthening demand. Sandy posted a more modest appreciation, while West Jordan was the lone market to dip slightly, though it remained active in terms of transaction volume.
The divergence reflects shifting buyer preferences and local market conditions. Salt Lake City's strength suggests sustained demand in the core urban area, while West Valley City's solid gains indicate continued appeal as an affordable alternative. Sandy's steady appreciation shows resilience in the higher price tier, and West Jordan's slight softening appears more like a pause than a retreat. Sales activity tells a more nuanced story than price alone. Overall, the county's housing market remains active but increasingly localized, with geography and affordability playing outsized roles in where prices are heading.
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.