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Salt Lake City

Why you'd want to live in Salt Lake City

Salt Lake City serves as the capital of Utah and is known for its rich history, cultural diversity, and economic opportunities. As a major urban center, it offers an array of attractions including museums, theaters, art galleries, and music venues that reflect its vibrant cultural scene. The city is home to several universities and educational institutions that contribute to its youthful energy and innovation-driven economy. Outdoor enthusiasts will appreciate Salt Lake City's proximity to world-class skiing in winter as well as hiking trails during warmer months; places like Big Cottonwood Canyon provide ample opportunities for both activities within minutes from downtown. Additionally, Salt Lake City has made significant strides in sustainability initiatives aimed at enhancing quality of life for residents while preserving natural resources.

Salt Lake City Market Report

$991,336

AVERAGE PRICE OF 1,193 HOMES

$2,296,769

AVERAGE PRICE OF 297 MULTI-MILLION DOLLAR HOMES

$1,036,728

AVERAGE PRICE OF 59 NEWLY BUILT HOMES

$1,214,105

AVERAGE PRICE OF 150 HOMES WITH A POOL

$835,616

AVERAGE PRICE OF 109 REDUCED PRICE HOMES

$331,714

AVERAGE PRICE OF 7 DISTRESSED HOMES

Average Home

Average Price $991,336
Avg Bedrooms 3.21 beds
Avg Bathrooms 2.95 baths

Average Price by Bedrooms

1 bedroom $383,834
2 bedrooms $667,418
3 bedrooms $1,384,213
4 bedrooms $2,491,629
5 bedrooms $2,492,402
Salt Lake City Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 1,119 1,013 918 871 842
Average Price $1,033,487 $1,024,328 $1,013,418 $989,749 $952,873
Avg Price Change +0.89% +1.08% +2.39% +3.87% +0.57%
Median Price $657,701 $637,554 $629,404 $613,747 $591,269
Med Price Change +3.16% +1.29% +2.55% +3.80% -1.54%
Avg Bedrooms 3.42 beds 3.31 beds 3.41 beds 3.3 beds 3.42 beds
Avg Bathrooms 2.95 baths 3 baths 3.07 baths 2.81 baths 2.92 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Out Of Area 1 $950,000 63 days
West 281 $901,395 78 days
Total Homes Average Price Avg Days on Site
All Homes 1,193 $991,336 81 days
Multi-Million Dollar Homes 297 $2,296,769 99 days
Newly Built Homes 59 $1,036,728 117 days
Homes with a Pool 150 $1,214,105 106 days
Reduced Price Homes 109 $835,616 39 days
Distressed Homes 7 $331,714 173 days
Paras Team - Paras Real Estate
Tara Paras- Principal Broker
1390 South 1100 East Unit 201
Salt Lake City, UT 84105
801-560-0176

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of June 19, 2025. 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 © 2025 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.
Information deemed reliable but not guaranteed. Listing data provided courtesy of the Internet Data Exchange Program of The Washington County Board of REALTORS, Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of The Washington County Board of REALTORS, Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Tara Paras - Paras Real Estate include the name of the listing brokers. The information being 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. Data is updated as of June 19, 2025
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