Utah Real Estate Trends - A New Way to Look at Utah Realty

Utah Real Estate

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:
  • Commercial: $415,000
  • Condo/Townhouse: $269,000
  • Lot/Land: $731,000
  • Mobile/Manufactured: $40,000
  • Multi-Family: $279,000
  • Residential Income: $609,000
  • Single Family: $163,000
  • Vacation: $163,000
  • Map of Utah Cities - Average Listing Price Change

    Utah Real Estate:
    Largest Increase in Listing Price

    City 3 mo.
    Bountiful, UT Real Estate
    27.12%
    Provo, UT Real Estate
    20.22%
    Santa Clara, UT Real Estate
    19.10%
    Kaysville, UT Real Estate
    9.52%
    West Valley City, UT Real Estate
    7.21%

    Utah Real Estate:
    Largest Decrease in Listing Price

    City 3 mo.
    Ivins, UT Real Estate
    10.29%
    Orem, UT Real Estate
    8.64%
    Holladay, UT Real Estate
    7.99%
    Payson, UT Real Estate
    4.89%
    Midway, UT Real Estate
    4.73%

    Utah Homes For Sale By City

    Most Expensive Utah Homes for Sale by City

    City Median $ 3 mo.
    Park City, UT Homes for Sale $2,414,014
    2.29%
    Holladay, UT Homes for Sale $953,153
    7.99%
    Heber City, UT Homes for Sale $849,182
    2.77%
    Draper, UT Homes for Sale $647,846
    0.01%
    Midway, UT Homes for Sale $571,403
    4.73%

    Least Expensive Utah Homes for Sale by City

    City Median $ 3 mo.
    Roy, UT Homes for Sale $172,537
    2.64%
    Tooele, UT Homes for Sale $191,137
    0.78%
    Ogden, UT Homes for Sale $192,488
    4.96%
    Logan, UT Homes for Sale $200,654
    2.82%
    Clinton, UT Homes for Sale $221,475
    6.77%

    Best Utah Cities for Families and Singles

    Top 5 Utah Cities for Families

    City Homes with
    Children
    Crime vs. Natl. Avg.
    Eagle Mountain, UT Local Info 76.00% 1.03
    Saratoga Springs, UT Local Info 68.00% 1.07
    Cedar Hills, UT Local Info 67.00% 0.32
    Highland, UT Local Info 67.00% 0.40
    Herriman, UT Local Info 66.00% 1.42

    Top 5 Utah Cities for Singles

    City Unmarried Female
    to Male
    South Salt Lake, UT Local Info 81.00% 45% / 55%
    Provo, UT Local Info 76.00% 50% / 50%
    Midvale, UT Local Info 75.00% 51% / 49%
    Salt Lake City, UT Local Info 75.00% 49% / 51%
    Logan, UT Local Info 73.00% 51% / 49%
    Methodology

    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.