Is Salt Lake City, UT 84111 a buyer’s or seller’s market?

The Salt Lake City housing market right now

In the three months ending August 31, 2026, 4% of homes in Salt Lake City, UT 84111 sold above their list price, the typical home went under contract in 56 days and there were 6.5 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 30 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (42 days then) and the median sale price rose 11% to $433,113. Overall, Salt Lake City is less competitive than a year ago, which gives buyers more room.

Within Salt Lake County, homes here sell more slowly than in 97% of the county’s ZIP codes, and sell less often over asking than in 97%. On our competition score, Salt Lake City ranks #101 of 110 UT ZIP codes with enough sales (score 16 out of 100).

Nearby, buyers who want less competition could look at Bingham Canyon 84006 (0% 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.