Is Salt Lake City, UT 84118 a buyer’s or seller’s market?

The Salt Lake City housing market right now

In the three months ending August 31, 2026, 33% of homes in Salt Lake City, UT 84118 sold above their list price, the typical home went under contract in 37 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold more slowly (32 days then) and the median sale price rose 1% to $432,313. Overall, Salt Lake City is more competitive than a year ago, so tougher for buyers.

Within Salt Lake County, homes here sell faster than in 51% of the county’s ZIP codes, and sell more often over asking than in 97%. On our competition score, Salt Lake City ranks #2 of 110 UT ZIP codes with enough sales (score 62 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).