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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

$933,759

AVERAGE PRICE OF 828 HOMES

$358,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,243,410

AVERAGE PRICE OF 186 MULTI-MILLION DOLLAR HOMES

$978,228

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$1,005,035

AVERAGE PRICE OF 97 HOMES WITH A POOL

$965,630

AVERAGE PRICE OF 43 REDUCED PRICE HOMES

Average Home

Average Price $933,759
Avg Bedrooms 3.46 beds
Avg Bathrooms 2.63 baths

Average Price by Bedrooms

1 bedroom $364,545
2 bedrooms $478,116
3 bedrooms $645,858
4 bedrooms $885,615
5 bedrooms $1,287,748
Salt Lake City Home Price Trends
  4/2023 3/2023 2/2023 1/2023 12/2022
Total Listings 720 746 789 783 927
Average Price $913,827 $909,681 $860,951 $844,165 $823,369
Avg Price Change +0.46% +5.66% +1.99% +2.53% +2.29%
Median Price $591,908 $576,326 $557,205 $556,528 $558,234
Med Price Change +2.70% +3.43% +0.12% -0.31% -1.29%
Avg Bedrooms 3.42 beds 3.4 beds 3.38 beds 3.33 beds 3.28 beds
Avg Bathrooms 2.59 baths 2.54 baths 2.48 baths 2.41 baths 2.35 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East 187 $1,018,241 54 days
Highland 137 $883,049 56 days
Olympus 72 $726,516 53 days
Skyline 54 $1,256,513 47 days
West 145 $980,504 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 828 $933,759 59 days
Distressed Homes 1 $358,000 181 days
Multi-Million Dollar Homes 186 $2,243,410 73 days
Newly Built Homes 40 $978,228 101 days
Homes with a Pool 97 $1,005,035 69 days
Reduced Price Homes 43 $965,630 54 days
Utah Roost Real Estate
Joshua Stern
2121 S McClelland St, UNIT 201
Salt Lake City, UT 84106
385-332-4420

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of May 30, 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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