Salt Lake County Home Prices 3Q 2015
Summary of how the Salt Lake County Utah housing market performed in the 3rd quarter 2015.
3rd Quarter 2015 Housing Market Update
Single Family Home Sales
This time last year the Salt Lake area real estate market seemed to be taking a pause, with static home prices and increased selling times. This time things are certainly different. The 3rd quarter 2015 saw a strong housing market, with the median home price increasing 8.65% to $280,000. There were a total of 3756 homes sold (over 16% more than last year), taking a median of 17 days to go under contract (a 46% improvement). The one area that was slow was high end homes, where the market seemed to suffer from an oversupply of inventory and a limited number of buyers.
Condo Home Sales
While condo sales rose sharply in the quarter (up 19%), sales price actually experienced a slight decrease. The median sales price fell 3.13% to $155,000. For the condo units that sold, they took a median of 30 days to go under contract, that’s an improvement of 31% over the same time last year.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $398,613 | N/A |
| 84009 * | South Jordan | Condo | No Sales | N/A |
| 84020 | Draper | Single Family | $422,750 | up 5.79% |
| 84020 | Draper | Condo | $170,000 | N/A |
| 84044 | Magna | Single Family | $178,778 | up 9.51% |
| 84044 | Magna | Condo | $87,700 | N/A |
| 84047 | Midvale | Single Family | $230,000 | up 13.58% |
| 84047 | Midvale | Condo | $136,200 | up 0.89% |
| 84065 | Riverton | Single Family | $325,999 | down 1.82% |
| 84065 | Riverton | Condo | $187,500 | N/A |
| 84070 | Sandy | Single Family | $250,000 | up 7.76% |
| 84070 | Sandy | Condo | $160,000 | up 5.61% |
| 84084 | West Jordan | Single Family | $230,000 | up 12.25% |
| 84084 | West Jordan | Condo | $155,000 | N/A |
| 84088 | West Jordan | Single Family | $245,000 | up 0.20% |
| 84088 | West Jordan | Condo | $180,000 | N/A |
| 84092 | Sandy | Single Family | $369,000 | up 2.50% |
| 84092 | Sandy | Condo | $260,000 | N/A |
| 84093 | Sandy | Single Family | $382,000 | up 15.79% |
| 84093 | Sandy | Condo | $260,000 | N/A |
| 84094 | Sandy | Single Family | $265,000 | up 6.04% |
| 84094 | Sandy | Condo | $136,250 | N/A |
| 84095 | South Jordan | Single Family | $350,881 | up 3.20% |
| 84095 | South Jordan | Condo | $181,500 | up 10.70% |
| 84096 | Herriman | Single Family | $320,285 | up 2.74% |
| 84096 | Herriman | Condo | $187,500 | N/A |
| 84101 | Salt Lake City | Single Family | $175,750 | N/A |
| 84101 | Salt Lake City | Condo | $225,000 | down 5.75% |
| 84102 | Salt Lake City | Single Family | $323,500 | up 13.91% |
| 84102 | Salt Lake City | Condo | $164,000 | down 8.64% |
| 84103 | Salt Lake City | Single Family | $437,950 | up 12.29% |
| 84103 | Salt Lake City | Condo | $198,000 | up 8.05% |
| 84104 | Salt Lake City | Single Family | $157,000 | up 15.87% |
| 84104 | Salt Lake City | Condo | $100,000 | N/A |
| 84105 | Salt Lake City | Single Family | $363,000 | up 16.63% |
| 84105 | Salt Lake City | Condo | $156,500 | N/A |
| 84106 | Salt Lake City | Single Family | $278,000 | up 1.83% |
| 84106 | Salt Lake City | Condo | $146,500 | up 16.27% |
| 84107 | Murray | Single Family | $256,500 | up 26.29% |
| 84107 | Murray | Condo | $115,375 | down 11.25% |
| 84108 | Salt Lake City | Single Family | $429,250 | up 4.06% |
| 84108 | Salt Lake City | Condo | $315,000 | up 9.95% |
| 84109 | Salt Lake City | Single Family | $356,975 | up 3.70% |
| 84109 | Salt Lake City | Condo | $142,000 | N/A |
| 84111 | Salt Lake City | Single Family | $239,950 | up 17.16% |
| 84111 | Salt Lake City | Condo | $240,000 | up 9.86% |
| 84115 | South Salt Lake | Single Family | $209,950 | up 10.79% |
| 84115 | South Salt Lake | Condo | $133,250 | N/A |
| 84116 | Salt Lake City | Single Family | $190,000 | up 12.81% |
| 84116 | Salt Lake City | Condo | $76,500 | N/A |
| 84117 | Holladay | Single Family | $390,000 | up 20.74% |
| 84117 | Holladay | Condo | $124,000 | down 25.64% |
| 84118 | Taylorsville/Kearns | Single Family | $188,000 | up 7.43% |
| 84118 | Taylorsville/Kearns | Condo | No Sales | No Sales |
| 84119 | West Valley City | Single Family | $186,625 | up 6.19% |
| 84119 | West Valley City | Condo | $126,000 | up 3.28% |
| 84120 | West Valley City | Single Family | $203,950 | up 14.90% |
| 84120 | West Valley City | Condo | $151,500 | N/A |
| 84121 | Cottonwood | Single Family | $350,000 | up 11.15% |
| 84121 | Cottonwood | Condo | $293,500 | up 70.64% |
| 84123 | Taylorsville/Murray | Single Family | $255,775 | up 21.22% |
| 84123 | Taylorsville/Murray | Condo | $114,450 | down 0.91% |
| 84124 | Holladay | Single Family | $384,000 | up 12.94% |
| 84124 | Holladay | Condo | $195,450 | up 3.54% |
| 84128 | West Valley City | Single Family | $216,000 | up 14.23% |
| 84128 | West Valley City | Condo | $185,000 | N/A |