Salt Lake County Home Prices 2nd Quarter 2016
Summary of how the Salt Lake County Utah housing market performed in the 2nd quarter 2016.
2nd Quarter 2016 Housing Market Update
The 2nd quarter 2016 saw strong home sales across the board, with the median sales price climbing to an all time high of $269,900 (includes all property types). The 6.89% rise in property sales prices were on the back on home sales which increased 3.41% to 5217. The number that was really shocking was the median days on market, which tells us the median number of days it took for a property to go under contract. That number stood at just 9 days for the 2nd quarter.
Single Family Home Sales
The single family home median sales price hit the $300,000 mark for the first time in the 2nd quarter 2016. That was a 8.50% increase over last year and that was with a slight decrease in home sales which declined 0.86% (pretty much remained flat). Underlining the strong real estate market, the median days on market dropped to an impressive 8 days.
Condo Home Sales
On the back of strong condo sales which climbed 13.86%, the median sales price for a condo in Salt Lake County saw an increase of 4.82% to $167,500.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $368,949 | N/A |
| 84009 * | South Jordan | Condo | $169,900 | N/A |
| 84020 | Draper | Single Family | $460,000 | up 9.79% |
| 84020 | Draper | Condo | $250,000 | up 52.91% |
| 84044 | Magna | Single Family | $199,950 | up 12.97% |
| 84044 | Magna | Condo | $104,950 | N/A |
| 84047 | Midvale | Single Family | $247,500 | up 5.43% |
| 84047 | Midvale | Condo | $142,000 | down 5.62% |
| 84065 | Riverton | Single Family | $353,300 | up 8.71% |
| 84065 | Riverton | Condo | $154,900 | N/A |
| 84070 | Sandy | Single Family | $269,900 | up 12.46% |
| 84070 | Sandy | Condo | $161,500 | up 18.84% |
| 84084 | West Jordan | Single Family | $247,000 | up 5.11% |
| 84084 | West Jordan | Condo | $166,754 | N/A |
| 84088 | West Jordan | Single Family | $284,000 | up 12.28% |
| 84088 | West Jordan | Condo | $208,000 | N/A |
| 84092 | Sandy | Single Family | $400,000 | down 5.21% |
| 84092 | Sandy | Condo | $432,500 | N/A |
| 84093 | Sandy | Single Family | $382,950 | up 6.38% |
| 84093 | Sandy | Condo | No Sales | N/A |
| 84094 | Sandy | Single Family | $284,250 | up 9.33% |
| 84094 | Sandy | Condo | $150,000 | N/A |
| 84095 | South Jordan | Single Family | $399,900 | up 11.11% |
| 84095 | South Jordan | Condo | $210,149 | N/A |
| 84096 | Herriman | Single Family | $344,500 | up 10.90% |
| 84096 | Herriman | Condo | $172,000 | N/A |
| 84101 | Salt Lake City | Single Family | $194,950 | N/A |
| 84101 | Salt Lake City | Condo | $275,500 | down 7.08% |
| 84102 | Salt Lake City | Single Family | $338,000 | up 16.27% |
| 84102 | Salt Lake City | Condo | $202,050 | up 6.37% |
| 84103 | Salt Lake City | Single Family | $492,000 | up 4.83% |
| 84103 | Salt Lake City | Condo | $212,500 | up 10.68% |
| 84104 | Salt Lake City | Single Family | $169,000 | up 5.62% |
| 84104 | Salt Lake City | Condo | $65,000 | N/A |
| 84105 | Salt Lake City | Single Family | $394,000 | up 21.16% |
| 84105 | Salt Lake City | Condo | $392,100 | N/A |
| 84106 | Salt Lake City | Single Family | $320,000 | up 10.82% |
| 84106 | Salt Lake City | Condo | $165,000 | up 10.74% |
| 84107 | Murray | Single Family | $270,000 | up 3.85% |
| 84107 | Murray | Condo | $122,000 | up 3.83% |
| 84108 | Salt Lake City | Single Family | $470,000 | up 7.86% |
| 84108 | Salt Lake City | Condo | $297,900 | up 20.37% |
| 84109 | Salt Lake City | Single Family | $388,700 | up 14.32% |
| 84109 | Salt Lake City | Condo | $214,900 | N/A |
| 84111 | Salt Lake City | Single Family | $249,000 | up 19.14% |
| 84111 | Salt Lake City | Condo | $276,875 | up 14.18% |
| 84115 | South Salt Lake | Single Family | $234,000 | up 11.94% |
| 84115 | South Salt Lake | Condo | $136,200 | N/A |
| 84116 | Salt Lake City | Single Family | $208,000 | up 15.24% |
| 84116 | Salt Lake City | Condo | $74,500 | N/A |
| 84117 | Holladay | Single Family | $430,500 | up 20.02% |
| 84117 | Holladay | Condo | $139,200 | down 30.23% |
| 84118 | Taylorsville/Kearns | Single Family | $212,000 | up 9.84% |
| 84118 | Taylorsville/Kearns | Condo | $92,750 | N/A |
| 84119 | West Valley City | Single Family | $215,000 | up 16.22% |
| 84119 | West Valley City | Condo | $130,000 | up 3.79% |
| 84120 | West Valley City | Single Family | $213,950 | up 11.43% |
| 84120 | West Valley City | Condo | $179,388 | N/A |
| 84121 | Cottonwood | Single Family | $380,000 | up 8.88% |
| 84121 | Cottonwood | Condo | $179,900 | down 18.73% |
| 84123 | Taylorsville/Murray | Single Family | $285,500 | up 20% |
| 84123 | Taylorsville/Murray | Condo | $111,000 | down 4.72% |
| 84124 | Holladay | Single Family | $385,000 | up 6.80% |
| 84124 | Holladay | Condo | $246,500 | N/A |
| 84128 | West Valley City | Single Family | $229,000 | up 9.05% |
| 84128 | West Valley City | Condo | $172,500 | N/A |