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Salt Lake City

Why you'd want to live in Salt Lake City

Want to live somewhere with beautiful mountain views, affordable housing, tons of outdoor recreation, and a budding tech industry? Consider moving to Salt Lake City! Utah’s capital city continues to grow and diversify, making it one of the best mid-size cities in the U.S. and an excellent place for young professionals and families to settle down. It shouldn’t come as a surprise that Salt Lake City frequently tops the lists of best cities for outdoor enthusiasts, thanks to its beautiful mountain climate. The weather in Salt Lake City is mild throughout the year. Winters see temperatures between the low 20s and mid-40s, while summers see temperatures between the low 70s and mid-90s. There isn’t much rainfall in the area, but there is considerable snowfall with nearly 62 inches on average each year. Even still, the snow doesn’t stop locals from enjoying the outdoors. If anything, it just means the 11 ski resorts around the valley will be busier than usual! via extraspace

Salt Lake City Market Report

$843,833

AVERAGE PRICE OF 964 HOMES

$328,333

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,185,379

AVERAGE PRICE OF 182 MULTI-MILLION DOLLAR HOMES

$1,032,181

AVERAGE PRICE OF 68 NEWLY BUILT HOMES

$780,634

AVERAGE PRICE OF 127 HOMES WITH A POOL

$753,351

AVERAGE PRICE OF 58 REDUCED PRICE HOMES

Average Home

Average Price $843,833
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.36 baths

Average Price by Bedrooms

1 bedroom $359,990
2 bedrooms $508,923
3 bedrooms $620,332
4 bedrooms $834,576
5 bedrooms $1,246,872
Salt Lake City Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 1,064 1,136 1,068 1,006 961
Average Price $834,474 $827,572 $848,891 $872,660 $900,883
Avg Price Change +0.83% -2.58% -2.80% -3.23% -0.68%
Median Price $591,253 $593,482 $612,894 $625,534 $620,505
Med Price Change -0.38% -3.27% -2.06% +0.81% -1.72%
Avg Bedrooms 3.22 beds 3.17 beds 3.21 beds 3.21 beds 3.28 beds
Avg Bathrooms 2.42 baths 2.39 baths 2.4 baths 2.39 baths 2.48 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cottonwood 71 $739,390 69 days
East 188 $883,440 85 days
Highland 152 $843,965 83 days
Olympus 74 $824,131 63 days
West 195 $811,159 87 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 964 $843,833 84 days
Distressed Homes 3 $328,333 51 days
Multi-Million Dollar Homes 182 $2,185,379 116 days
Newly Built Homes 68 $1,032,181 93 days
Homes with a Pool 127 $780,634 84 days
Reduced Price Homes 58 $753,351 59 days
Utah Roost Real Estate
Joshua Stern
1245 East Brickyard Rd. Suite 500
Salt Lake City, UT 84106
801-410-0097

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of December 10, 2023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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