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: August 5, 2026
Is Salt Lake City a Buyer's or Seller's Market?
In July 2026, Salt Lake City had 400 single-family homes on the market and 166 sales, resulting in 2.4 months of available inventory. Generally, fewer than five months of inventory is considered a seller’s market. The market has been cooling, and prices have plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone.
Single Family Homes
Months of Inventory
2.4
2.4% Decrease
July 2026 vs July 2025
Median Sales Price
$742,500
8.4% Increase
July 2026 vs July 2025
Days on Market
38
5% Decrease
July 2026 vs July 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. As of July 2026, the median sales price rose to $742,500, up 8.4% from July 2025. Available inventory dipped slightly to 2.4 months of supply (a 2.4% decrease year-over-year), while homes spent a median of 38 days on market- a 5% decrease from last year. These figures highlight sustained buyer demand and a competitive seller’s market driven by tight inventory and rising values.
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
$379
11.7% Increase
July 2026 vs July 2025
Condos & Townhomes
Price Per Sq. Ft.
$343
2.9% Increase
July 2026 vs July 2025
Is Now a Good Time to Buy a Home in SLC?
Salt Lake City remains a seller's market, though current trends offer buyers a slightly less frantic environment. Homes are now spending a median of 38 days on the market (a 5% year-over-year decrease), giving buyers enough time to make informed decisions without immediate bidding wars. On the value front, the price per square foot has risen across all property types, climbing 11.7% to $379 for single-family homes and 2.9% to $343 for condos and townhomes. With inventory holding tight at just 2.4 months of supply (down 2.4%) and prices continuing to trend upward overall, waiting for a major price drop isn't a strong bet. For buyers ready to act, this market still presents one of the more stable windows we've seen recently.
Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States
03/1/1972-07/1/2026
Is Now a Good Time to Sell a Home in SLC?
With just 2.4 months of supply available, inventory remains well under the 4 to 6 months typically required for a balanced market, keeping sellers firmly in control. Salt Lake City home values continue to climb, pushing the median sales price to $742,500 (an 8.4% gain over last year). Even with homes selling faster than last year at a median of 38 days on market (down 5%), tight inventory means correctly priced properties are moving efficiently. For homeowners considering a listing, local conditions remain heavily in your favor.
Salt Lake County Real Estate Market
In July 2026, 1,587 new listings were added to the MLS, and 1,115 homes were sold, indicating that Salt Lake County currently has 3.1 months of single-family, condo, and townhome inventory. Salt Lake County is a seller's market.
Months of Inventory
3.1
8.6% Increase
July 2026 vs July 2025
Median Sales Price
$552,720
0.3% Decrease
July 2026 vs July 2025
Days on Market
51
4.1% Increase
July 2026 vs July 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
17.9%
July 2026 $650,000 | 226 homes sold
vs.
July 2025 $551,500 | 243 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Valley City
prices increased by
5.5%
July 2026 $474,533 | 86 homes sold
vs.
June 2025 $449,990 | 65 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
Sandy
prices increased by
3.5%
July 2026 $657,300 | 94 homes sold
vs.
July 2025 $635,000 | 87 homes sold
Median Sales Price
SFHs, Condos, & Townhomes
West Jordan
prices increased by
1.2%
July 2026 $521,000 | 105 homes sold
vs.
July 2025 $515,000 | 97 homes sold
Home Price Trends Vary Across Salt Lake County
Across the valley, price appreciation showed a notable contrast this July. Salt Lake City proper spearheaded growth, with a 17.9% year-over-year price surge to a $650,000 median, even as transaction volume dipped slightly to 226 sales. West Valley City also saw steady upward momentum, with median prices rising 5.5% to $474,533 and overall closed sales rising to 86 units.
Further south, growth played out at a more moderate pace. Sandy recorded a 3.5% increase in the median sales price to $657,300, with 94 homes sold. Meanwhile, West Jordan experienced modest gains, up 1.2% to $521,000 across 105 transactions.
Each area continues to serve a distinct niche. Sandy currently commands the highest median price point among these suburbs, while West Valley City remains a key entry point for affordability. Salt Lake City's sharp value spike highlights strong ongoing demand in the urban core, offering options for buyers and sellers across a wide range of price movements throughout the county.
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.