Is Salt Lake City, UT 84124 a buyer’s or seller’s market?

The Salt Lake City housing market right now

In the three months ending August 31, 2026, 14% of homes in Salt Lake City, UT 84124 sold above their list price, the typical home went under contract in 38 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 68 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (29 days then) and the median sale price rose 7% to $840,711. 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 57% of the county’s ZIP codes, and sell less often over asking than in 77%. On our competition score, Salt Lake City ranks #55 of 110 UT ZIP codes with enough sales (score 43 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.