| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $564,950 | -3.6% YoY |
| Median price per sq ft | $262 | 2,297 sq ft median |
| Median days on market | 58 | +1% YoY |
| Active listings | 3,923 | +14% YoY |
| New listings this month | 1,388 | September 2026 |
| Listings with a price cut | 34% | Share of active |
| Median sale price (closed) | $545,000 | -0.7% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 98.8% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 31.1% | 1,219 pending |
| Inventory vs 2019 | 137% | Active listings vs same month in 2019 |
| Gross rental yield | 3.6% | 2BR fair market rent |
Major metropolitan market · Utah · September 2026 data
What is the Salt Lake City, UT real estate market doing?
As of September 2026, the median home listed in Salt Lake City, UT asks $564,950, down 3.6% year over year. Homes spend a median of 58 days on market, with 3,923 active listings and 34% carrying a price cut; pending contracts equal 31% of active listings, and inventory sits at 137% of the same month in 2019 — a balanced market. Estimated gross rental yield on the median listing is 3.6%. Figures come from public records and industry data, updated monthly.
Median listing price
$564,950
▼ 3.6% YoY
Median $ / sq ft
$262
2,297 sq ft median
Median days on market
58
September 2026
Active listings
3,923
For sale now
New listings
1,388
September 2026
Listings with price cuts
34%
Share of active
Inventory vs 2019
137%
Same month, 2019 = 100
Pending / active
31%
Contract activity
Median sale price (closed)
$545,000
▼ 0.7% YoY · closed sales · July 2026
Sale-to-list ratio
98.8%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
1,044
Closed sales · July 2026, seasonally adjusted
What is the Salt Lake City, UT housing market doing right now?
The Salt Lake City, UT housing market lists at a $564,950 median as of September 2026, down 3.6% year over year, with a 58-day median market time and 3,923 homes for sale (34% with a price cut). Active inventory is 137% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule. Gross rental yield is about 3.6%.
Salt Lake City housing market statistics
The table summarizes Salt Lake City's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Salt Lake City.
How have home prices changed in Salt Lake City?
Salt Lake City home prices are down 3.6% year over year and -0.4% month over month as of September 2026, at a $564,950 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Salt Lake City UT · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Salt Lake City UT · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Salt Lake City?
Salt Lake City has 3,923 active listings, 1,388 new this month, 1,219 pending as of September 2026. About 34% of active listings have cut their price, and inventory sits at 137% of its 2019 level — a balanced market by pace.
Is Salt Lake City a good real estate investment?
Salt Lake City scores 39/100 on WealthyBud's composite Investor Score, ranking #682 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
39/100
#682 of 933 covered metros
Price volatility
High
σ 8.0% · 20-yr price-index swings
Salt Lake City scores 39/100 on our composite Investor Score (#682 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 45% over five years and +122% over ten, leaving prices 49% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,717/mo for a two-bedroom, the gross rental yield on the median listing is about 3.6%; active inventory sits at 137% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 3.6% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Salt Lake City ranks on the trending markets index.
How much is a monthly mortgage payment in Salt Lake City?
A home at Salt Lake City's $564,950 median listing runs about $3,092 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,792/mo
−$301/mo vs today
At today's rate · 7.28%
$3,092/mo
National weekly average
If rates rise 1% · 8.28%
$3,405/mo
+$313/mo vs today
Principal & interest on the $564,950 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Salt Lake City?
To buy Salt Lake City’s $564,950 median listing with 20% down, a household needs about $144,000 a year in gross income, keeping principal, interest and property tax ($3,356/mo) at 28% of income. That is 1.5× the area’s $95,045 median household income, so a typical Salt Lake City household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $564,950 | September 2026 |
| Down payment (20%) | $112,990 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $3,092/mo | Rate as of 2026-10-01 |
| Property tax (0.56% effective rate) | $264/mo | Census ACS |
| Income needed (28% rule) | $144,000 | Gross household income / yr |
| Median household income | $95,045 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Salt Lake City housing market?
Longer-run demand in Salt Lake City shows up in 7,706 homes permitted in 2025; net migration of -8,702 residents; +2.5% job growth. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
7,706
▲ 32.0% vs 2024
6.1 per 1,000 residents
Net migration (2022–2023)
-8,702
▼ people, via tax-return records
net income flow −$352.9M/yr
Job growth (YoY)
+2.5%
▲ 861.3k nonfarm jobs · August 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Earthquake
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Salt Lake City real estate news?
Cities With the Fastest-growing Home Prices in UtahStacker · 2026-06-29→Where does Salt Lake City rank in a list of the hottest housing markets?Deseret News · 2026-04-10→Here's why some sellers are pulling their homes off the marketKSL.com · 2026-06-10→Mountain West Markets: How Las Vegas and Salt Lake City CompareBuilder Magazine · 2026-06-30→
Salt Lake City's housing market is experiencing rapid price growth and fluctuates, with some sellers withdrawing listings. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Median price, pace and inventory for 18 Salt Lake City ZIPs — the spread behind the metro number.
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The highest-producing real estate agents in Salt Lake City, ranked by recent sales.
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ReadSalt Lake City housing market FAQ
What is the median home price in Salt Lake City?
As of September 2026, the median listing price in Salt Lake City, UT is $564,950, down 3.6% year over year (source: public records and industry data).
How much does it cost to buy a home in Salt Lake City?
The median home listed in Salt Lake City asks $564,950 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $3,092 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Salt Lake City?
The median property in Salt Lake City spends 58 days on the market, with 3,923 homes actively listed and 34% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Salt Lake City?
With a median 58 days on market and 34% of active listings carrying a price cut, pending contracts at 31% of active listings, Salt Lake City reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Salt Lake City a good place to invest in real estate?
Salt Lake City scores 39/100 on WealthyBud's Investor Score, ranking #682 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Salt Lake City?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Salt Lake City and the wider Utah market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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