Is Salt Lake City, UT 84171 a buyer’s or seller’s market?
Salt Lake City is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Salt Lake City housing market right now
In the three months ending August 31, 2026, 0% of homes in Salt Lake City, UT 84171 sold above their list price, the typical home went under contract in 32 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. With only 1 sale, these figures can swing a lot from month to month.
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Where Salt Lake City is
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Questions about Salt Lake City real estate
Is Salt Lake City a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Salt Lake City, UT 84171 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Salt Lake City?
The typical home went under contract in 32 days in the latest three months.
Do homes in Salt Lake City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What is the median home price in Salt Lake City?
The median sale price was $1,048,546 in the three months ending August 31, 2026, about $258 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology