Is Salt Lake City, UT 84101 a buyer’s or seller’s market?

The Salt Lake City housing market right now

In the three months ending August 31, 2026, 16% of homes in Salt Lake City, UT 84101 sold above their list price, the typical home went under contract in 71 days and there were 8.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (59 days then) and the median sale price held steady to $544,764. Overall, Salt Lake City is more competitive than a year ago, so tougher for buyers.

Within Salt Lake County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 54%. On our competition score, Salt Lake City ranks #89 of 110 UT ZIP codes with enough sales (score 26 out of 100).

Nearby, buyers who want less competition could look at Bingham Canyon 84006 (0% sold over asking) or Salt Lake City 84111 (4% sold over asking), while Salt Lake City 84118 (33% sold over asking) and West Valley City 84120 (33% sold over asking) are even more competitive.