Salt Lake County Prices 1Q 2012
Summary of how the Salt Lake County Utah housing market performed in the first quarter 2012.
1st Quarter 2012 Housing Market Update
Home sales for Salt Lake County single family homes increased over 20% in the 1st quarter 2012. A total of 2,186 Salt Lake homes were sold, up from 1,810 in the 1st quarter 2011. Homes also sold faster with the median days on market falling 32.71% to 72 days (includes all types of homes).. Even with these positive signs the median home price declined 5%,, to $190,000. When we look at the zip code level, the best performing areas were Holladay 84124 up 16%, South Salt Lake 84115 up 9.19% and Draper 84020 up 7.80%. On the down side Holladay 84117 went down 22.58%.
The Salt Lake Condo market saw similar results, with condo sales up 15% to 247. The median price for a condo fell far more than single family homes, declining to $118,500, down 15.66% from the 1st quarter 2011.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $342,250 | up 7.80% |
| 84020 | Draper | Condo | $159,500 | N/A |
| 84044 | Magna | Single Family | $109,900 | down 12.08% |
| 84044 | Magna | Condo | $47,500 | N/A |
| 84047 | Midvale | Single Family | $152,825 | down 9.70% |
| 84047 | Midvale | Condo | $100,485 | N/A |
| 84065 | Riverton | Single Family | $240,000 | down 13.82% |
| 84065 | Riverton | Condo | $186,500 | N/A |
| 84070 | Sandy | Single Family | $177,500 | down 1.39% |
| 84070 | Sandy | Condo | $115,688 | N/A |
| 84084 | West Jordan | Single Family | $156,000 | down 2.50% |
| 84084 | West Jordan | Condo | $102,000 | N/A |
| 84088 | West Jordan | Single Family | $196,000 | up 2.35% |
| 84088 | West Jordan | Condo | $190,450 | N/A |
| 84092 | Sandy | Single Family | $299,000 | up 7.55% |
| 84092 | Sandy | Condo | No Sales | N/A |
| 84093 | Sandy | Single Family | $255,500 | down 7.93% |
| 84093 | Sandy | Condo | No Sales | N/A |
| 84094 | Sandy | Single Family | $201,500 | up 3.60% |
| 84094 | Sandy | Condo | $145,000 | N/A |
| 84095 | South Jordan | Single Family | $265,000 | down 2.77% |
| 84095 | South Jordan | Condo | $144,276 | N/A |
| 84096 | Herriman | Single Family | $245,000 | down 2.2% |
| 84096 | Herriman | Condo | $120,400 | N/A |
| 84101 | Salt Lake City | Single Family | $120,000 | N/A |
| 84101 | Salt Lake City | Condo | $189,950 | down 7.34% |
| 84102 | Salt Lake City | Single Family | $234,000 | up 1.32% |
| 84102 | Salt Lake City | Condo | $187,000 | up 19.49% |
| 84103 | Salt Lake City | Single Family | $324,300 | down 5.80% |
| 84103 | Salt Lake City | Condo | $155,500 | down 2.81% |
| 84104 | Salt Lake City | Single Family | $85,405 | down 5.37% |
| 84104 | Salt Lake City | Condo | $35,000 | N/A |
| 84105 | Salt Lake City | Single Family | $251,500 | up 6.12% |
| 84105 | Salt Lake City | Condo | No Sales | N/A |
| 84106 | Salt Lake City | Single Family | $199,900 | down 0.05% |
| 84106 | Salt Lake City | Condo | $160,000 | down 30.35% |
| 84107 | Murray | Single Family | $194,950 | up 2.34% |
| 84107 | Murray | Condo | $92,500 | down 27.59% |
| 84108 | Salt Lake City | Single Family | $342,250 | down 7.12% |
| 84108 | Salt Lake City | Condo | $265,000 | N/A |
| 84109 | Salt Lake City | Single Family | $260,105 | down 6.27% |
| 84109 | Salt Lake City | Condo | $108,247 | N/A |
| 84111 | Salt Lake City | Single Family | $137,500 | down 18.74% |
| 84111 | Salt Lake City | Condo | $107,000 | down 24.09% |
| 84115 | South Salt Lake | Single Family | $135,283 | up 9.19% |
| 84115 | South Salt Lake | Condo | $62,000 | N/A |
| 84116 | Salt Lake City | Single Family | $119,900 | down 0.08% |
| 84116 | Salt Lake City | Condo | $76,000 | down 5.30% |
| 84117 | Holladay | Single Family | $240,000 | down 22.58% |
| 84117 | Holladay | Condo | $135,000 | up 26.17% |
| 84118 | Taylorsville/Kearns | Single Family | $125,000 | down 3.33% |
| 84118 | Taylorsville/Kearns | Condo | $145,000 | N/A |
| 84119 | West Valley City | Single Family | $122,750 | down 6.61% |
| 84119 | West Valley City | Condo | $79,100 | N/A |
| 84120 | West Valley City | Single Family | $127,900 | down 4.55% |
| 84120 | West Valley City | Condo | $63,000 | N/A |
| 84121 | Cottonwood | Single Family | $269,750 | down 7.33% |
| 84121 | Cottonwood | Condo | $232,500 | up 89.02% |
| 84123 | Taylorsville/Murray | Single Family | $188,500 | down 5.75% |
| 84123 | Taylorsville/Murray | Condo | $67,500 | N/A |
| 84124 | Holladay | Single Family | $290,000 | up 16% |
| 84124 | Holladay | Condo | $155,000 | N/A |
| 84128 | West Valley City | Single Family | $148,500 | up 0.81% |
| 84128 | West Valley City | Condo | No Sales | N/A |