Salt Lake City - UT housing market

The typical Salt Lake City home is worth $560,068 as of August 2026, up 0.2% from the prior month, down 0.0% over three months, and up 1.3% from a year ago. Over the past two years values have ranged from $544,752 to $565,376.

Homes are going pending in about 25 days, slower than the 15 days seen three months earlier. There are roughly 4,561 homes for sale, 3% more than a year ago. 36.3% of listings have taken a price cut (up from 30.2% three months ago).

Typical rent is $1,641 a month, up 0.4% year over year, which puts the price-to-rent ratio at 28.4.

At this week's 7.40% mortgage rate with 20% down ($112,014), the typical Salt Lake City home costs about $3,802 a month including tax and insurance, which needs a household income of roughly $163,000 to stay under a 28% payment-to-income ratio.

The typical home value ($560,068) is the Zillow Home Value Index for the Salt Lake City - UT metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.3% over the past year. In Salt Lake City - UT, that means a home worth $552,881 last year is now worth roughly $560,068.

The median sale price, what homes actually close for, is $540,087. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Salt Lake City - UT sit on the market for roughly 25 days before going pending. Shorter = seller's market; longer = buyer's market.

About 36.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,439 new listings hit the market each month in Salt Lake City - UT. There are currently 4,561 homes for sale, up 3.4% from a year ago.

The typical monthly rent in Salt Lake City - UT is $1,641, up 0.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 28.4x, renting territory (#2 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $3,102 a month in principal and interest, $1,461 more than renting before taxes, insurance and upkeep. The two break even at a 1.93% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →