Is Salt Lake City, UT 84102 a buyer’s or seller’s market?

The Salt Lake City housing market right now

In the three months ending August 31, 2026, 15% of homes in Salt Lake City, UT 84102 sold above their list price, the typical home went under contract in 37 days and there were 7.3 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 48 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold more slowly (28 days then) and the median sale price fell 16% to $540,531. Overall, Salt Lake City is about as competitive as it was a year ago.

Within Salt Lake County, homes here sell faster than in 51% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Salt Lake City ranks #82 of 110 UT ZIP codes with enough sales (score 31 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.