Salt Lake County Prices 3Q 2012
Summary of how the Salt Lake County Utah housing market performed in the third quarter 2012.
3rd Quarter 2012 Housing Market Update
For the second quarter in a row the median home price for a single family home went up in Salt Lake County. In a strong quarter all but 5 zip codes experienced home price appreciation, with a total of 14 zip codes experiencing double digit increases. The best performing areas were both in Salt Lake City, with 84104 up 46%, and 84111 up 38%. If we look at sales for all of Salt Lake County, there were a total of 2999 single family homes sold (up 13.26%), for a median home price of $215,450 (up 9.39%), with a median days on market of 28 days (down 54%).
Just like single family homes, condo prices are also on the way up, albeit at a slower pace. The median condo price increased 3.77% in the third quarter, with condo sales of 373 (up 42%), and a median days on market of 52 (down 47%). The hottest area for condo prices was Murray which increased over 40%.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $382,500 | up 12.50% |
| 84020 | Draper | Condo | $172,500 | N/A |
| 84044 | Magna | Single Family | $134,000 | up 20.14% |
| 84044 | Magna | Condo | $57,500 | N/A |
| 84047 | Midvale | Single Family | $176,750 | up 2.76% |
| 84047 | Midvale | Condo | $100,450 | down 9.34% |
| 84065 | Riverton | Single Family | $259,950 | down 1.91% |
| 84065 | Riverton | Condo | $161,850 | N/A |
| 84070 | Sandy | Single Family | $210,000 | up 23.60% |
| 84070 | Sandy | Condo | $123,200 | N/A |
| 84084 | West Jordan | Single Family | $178,000 | up 11.95% |
| 84084 | West Jordan | Condo | $110,000 | N/A |
| 84088 | West Jordan | Single Family | $214,000 | up 5.24% |
| 84088 | West Jordan | Condo | $130,000 | N/A |
| 84092 | Sandy | Single Family | $308,000 | down 2.38% |
| 84092 | Sandy | Condo | $462,500 | N/A |
| 84093 | Sandy | Single Family | $312,000 | up 13.45% |
| 84093 | Sandy | Condo | $800,000 | N/A |
| 84094 | Sandy | Single Family | $210,000 | up 14.38% |
| 84094 | Sandy | Condo | $157,500 | N/A |
| 84095 | South Jordan | Single Family | $292,550 | up 4.39% |
| 84095 | South Jordan | Condo | $169,950 | N/A |
| 84096 | Herriman | Single Family | $266,403 | Up 4.27% |
| 84096 | Herriman | Condo | $161,500 | N/A |
| 84101 | Salt Lake City | Single Family | $113,750 | N/A |
| 84101 | Salt Lake City | Condo | $178,500 | down 23.23% |
| 84102 | Salt Lake City | Single Family | $218,575 | down 8.43% |
| 84102 | Salt Lake City | Condo | $155,750 | up 6.13% |
| 84103 | Salt Lake City | Single Family | $380,450 | down 1.5% |
| 84103 | Salt Lake City | Condo | $183,750 | down 22.63% |
| 84104 | Salt Lake City | Single Family | $113,089 | up 46.11% |
| 84104 | Salt Lake City | Condo | $44,150 | N/A |
| 84105 | Salt Lake City | Single Family | $265,950 | up 6.42% |
| 84105 | Salt Lake City | Condo | No Sales | N/A |
| 84106 | Salt Lake City | Single Family | $247,700 | up 19.66% |
| 84106 | Salt Lake City | Condo | $127,500 | down 13.53% |
| 84107 | Murray | Single Family | $195,500 | up 1.93% |
| 84107 | Murray | Condo | $129,000 | up 40.68% |
| 84108 | Salt Lake City | Single Family | $341,650 | down 7.61% |
| 84108 | Salt Lake City | Condo | $224,000 | N/A |
| 84109 | Salt Lake City | Single Family | $284,900 | up 13.06% |
| 84109 | Salt Lake City | Condo | $134,250 | N/A |
| 84111 | Salt Lake City | Single Family | $153,000 | up 38.46% |
| 84111 | Salt Lake City | Condo | $168,250 | down 5.87% |
| 84115 | South Salt Lake | Single Family | $146,000 | up 2.28% |
| 84115 | South Salt Lake | Condo | $65,000 | N/A |
| 84116 | Salt Lake City | Single Family | $134,500 | up 12.08% |
| 84116 | Salt Lake City | Condo | $54,250 | N/A |
| 84117 | Holladay | Single Family | $300,000 | up 2.56% |
| 84117 | Holladay | Condo | $107,950 | down 28.27% |
| 84118 | Taylorsville/Kearns | Single Family | $135,000 | up 3.05% |
| 84118 | Taylorsville/Kearns | Condo | $178,450 | N/A |
| 84119 | West Valley City | Single Family | $145,000 | up 16% |
| 84119 | West Valley City | Condo | $97,000 | up 4.86% |
| 84120 | West Valley City | Single Family | $150,000 | up 15.38% |
| 84120 | West Valley City | Condo | $167,500 | N/A |
| 84121 | Cottonwood | Single Family | $290,000 | up 4.98% |
| 84121 | Cottonwood | Condo | $198,005 | up 53.49% |
| 84123 | Taylorsville/Murray | Single Family | $212,450 | up 18.69% |
| 84123 | Taylorsville/Murray | Condo | $70,000 | N/A |
| 84124 | Holladay | Single Family | $295,000 | up 15.69% |
| 84124 | Holladay | Condo | $219,000 | N/A |
| 84128 | West Valley City | Single Family | $161,250 | up 6.44% |
| 84128 | West Valley City | Condo | $114,599 | N/A |