Utah Real Estate Trends - A New Way to Look at Utah Realty
The robust Utah real estate market caters to investors, home buyers and renters alike with its wide variety of price points and property types. Urbanites need look no further than Salt Lake City homes for sale to find the downtown living and city nightlife that they crave.
Buyers seeking a suburban or rural lifestyle will be pleased to know that the Utah real estate market encompasses both unique and traditional housing choices. Utah is still considered a traditional “buyer’s market” as the average condo is generally on the market for 167 days and single family homes 172 days before sale.
The Salt Lake City real estate market significantly prefers stand alone houses to condominiums or townhouses. The average condo sells for $165,000 and is on the market for more than 6 months while single family homes cost $206,000 and generally find a buyer in 130 days. The city’s charm combined with the wealth of inventory makes the Salt Lake City real estate market an excellent choice for all kinds of local and out-of-state shoppers. Here’s a look at current prices in the city.
Average listing price for properties in Salt Lake City:Utah Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Springville, UT Real Estate | 22.35% | |
| Sandy, UT Real Estate | 14.79% | |
| Bountiful, UT Real Estate | 13.35% | |
| Salt Lake City, UT Real Estate | 11.22% | |
| Spanish Fork, UT Real Estate | 9.81% |
Utah Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Heber City, UT Real Estate | 8.85% | |
| Vernal, UT Real Estate | 3.48% | |
| Saratoga Springs, UT Real Estate | 1.92% | |
| North Ogden, UT Real Estate | 1.91% | |
| Park City, UT Real Estate | 1.61% |
Most Expensive Utah Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Park City, UT Homes for Sale | $1,958,663 | 1.61% | |
| Draper, UT Homes for Sale | $534,753 | 5.73% | |
| Heber City, UT Homes for Sale | $530,552 | 8.85% | |
| Sandy, UT Homes for Sale | $463,087 | 14.79% | |
| Bountiful, UT Homes for Sale | $442,703 | 13.35% |
Least Expensive Utah Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Magna, UT Homes for Sale | $124,479 | 2.09% | |
| Roy, UT Homes for Sale | $156,735 | 1.16% | |
| West Valley City, UT Homes for Sale | $157,276 | 1.30% | |
| Ogden, UT Homes for Sale | $161,909 | 3.71% | |
| Clearfield, UT Homes for Sale | $163,932 | 4.22% |
Top 5 Utah Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Eagle Mountain, UT Local Info | 64.00% | 1.02 |
| Highland, UT Local Info | 60.00% | 0.42 |
| Lindon, UT Local Info | 58.00% | 0.06 |
| Riverton, UT Local Info | 58.00% | 0.49 |
| Alpine, UT Local Info | 57.00% | 0.50 |
Top 5 Utah Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| South Salt Lake, UT Local Info | 71.00% | 45% / 55% |
| Salt Lake City, UT Local Info | 66.00% | 49% / 51% |
| Provo, UT Local Info | 66.00% | 52% / 48% |
| Millcreek, UT Local Info | 64.00% | 52% / 48% |
| Midvale, UT Local Info | 63.00% | 50% / 50% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.