Salt Lake County Home Prices 3rd Quarter 2016
Summary of how the Salt Lake County Utah housing market performed in the 3rd quarter 2016.
3rd Quarter 2016 Housing Market Update
The 3rd quarter 2016 again experienced strong home sales data. While the median sales price for a property in Salt Lake County only slightly increased when compared to last quarter (going from $269,900 to $270,000), the year on year increase was an impressive 6.85%. While prices were up, the actual number of home sales were slightly down, dropping 0.78%. The biggest change was seen in the median days on market which dropped 33% to stand at just 12 days, the sign of a strong home sellers market.
Single Family Home Sales
When we look at single family homes we see a similar story, home prices increased 7.41% to $300,798, sales declined slightly falling 3.05%, and days on market fell 29% to stand at 12 days.
Condo Home Sales
Condo sales were until recently lagging behind single family homes, but are now doing their best to catch up. The median sales price rose 11.77% to $173,250, number of condos sold climbed 10% and days on market fell 60% to 12 days in the quarter.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84009 * | South Jordan | Single Family | $380,000 | up 6.03% |
| 84009 * | South Jordan | Condo | $259,950 | N/A |
| 84020 | Draper | Single Family | $460,000 | up 3.14% |
| 84020 | Draper | Condo | $198,500 | N/A |
| 84044 | Magna | Single Family | $202,650 | up 13.49% |
| 84044 | Magna | Condo | $114,000 | N/A |
| 84047 | Midvale | Single Family | $253,000 | up 10% |
| 84047 | Midvale | Condo | $139,000 | up 3.04% |
| 84065 | Riverton | Single Family | $385,000 | up 18.10% |
| 84065 | Riverton | Condo | $175,000 | N/A |
| 84070 | Sandy | Single Family | $265,000 | up 6% |
| 84070 | Sandy | Condo | $174,000 | N/A |
| 84084 | West Jordan | Single Family | $255,000 | up 10.39% |
| 84084 | West Jordan | Condo | $159,000 | up 2.58% |
| 84088 | West Jordan | Single Family | $284,500 | up 16.60% |
| 84088 | West Jordan | Condo | $188,750 | N/A |
| 84092 | Sandy | Single Family | $405,000 | up 9.46% |
| 84092 | Sandy | Condo | $405,000 | N/A |
| 84093 | Sandy | Single Family | $325,900 | down 14.68% |
| 84093 | Sandy | Condo | $1,150,000 | N/A |
| 84094 | Sandy | Single Family | $285,000 | up 7.55% |
| 84094 | Sandy | Condo | $167,450 | N/A |
| 84095 | South Jordan | Single Family | $411,074 | up 16.97% |
| 84095 | South Jordan | Condo | $174,375 | N/A |
| 84096 | Herriman | Single Family | $338,000 | up 4.78% |
| 84096 | Herriman | Condo | $189,000 | N/A |
| 84101 | Salt Lake City | Single Family | $164,650 | N/A |
| 84101 | Salt Lake City | Condo | $275,000 | up 22.22% |
| 84102 | Salt Lake City | Single Family | $345,250 | up 8.14% |
| 84102 | Salt Lake City | Condo | $199,000 | up 21.34% |
| 84103 | Salt Lake City | Single Family | $499,500 | up 15.92% |
| 84103 | Salt Lake City | Condo | $180,000 | down 3.23% |
| 84104 | Salt Lake City | Single Family | $168,000 | up 7.35% |
| 84104 | Salt Lake City | Condo | $65,000 | N/A |
| 84105 | Salt Lake City | Single Family | $384,400 | up 5.6% |
| 84105 | Salt Lake City | Condo | No Sales | N/A |
| 84106 | Salt Lake City | Single Family | $310,000 | up 10.75% |
| 84106 | Salt Lake City | Condo | $158,950 | up 8.87% |
| 84107 | Murray | Single Family | $274,900 | up 7.17% |
| 84107 | Murray | Condo | $133,500 | up 15.33% |
| 84108 | Salt Lake City | Single Family | $478,500 | up 12.99% |
| 84108 | Salt Lake City | Condo | $253,000 | down 19.68% |
| 84109 | Salt Lake City | Single Family | $407,000 | up 14.01% |
| 84109 | Salt Lake City | Condo | $153,000 | N/A |
| 84111 | Salt Lake City | Single Family | $265,000 | up 10.46% |
| 84111 | Salt Lake City | Condo | $190,000 | up 13.43% |
| 84115 | South Salt Lake | Single Family | $231,050 | up 10.05% |
| 84115 | South Salt Lake | Condo | $117,050 | down 10.93% |
| 84116 | Salt Lake City | Single Family | $215,000 | up 13.16% |
| 84116 | Salt Lake City | Condo | $73,950 | N/A |
| 84117 | Holladay | Single Family | $384,900 | down 1.31% |
| 84117 | Holladay | Condo | $162,500 | up 31.05% |
| 84118 | Taylorsville/Kearns | Single Family | $210,000 | up 11.70% |
| 84118 | Taylorsville/Kearns | Condo | No Sales | N/A |
| 84119 | West Valley City | Single Family | $207,500 | up 11.19% |
| 84119 | West Valley City | Condo | $140,000 | up 11.11% |
| 84120 | West Valley City | Single Family | $215,000 | up 5.91% |
| 84120 | West Valley City | Condo | $193,500 | N/A |
| 84121 | Cottonwood | Single Family | $367,000 | up 4.86% |
| 84121 | Cottonwood | Condo | $180,000 | down 38.67% |
| 84123 | Taylorsville/Murray | Single Family | $275,000 | up 7.52% |
| 84123 | Taylorsville/Murray | Condo | $120,550 | up 5.84% |
| 84124 | Holladay | Single Family | $418,550 | up 9% |
| 84124 | Holladay | Condo | $195,000 | down 0.23% |
| 84128 | West Valley City | Single Family | $236,000 | up 7.54% |
| 84128 | West Valley City | Condo | $184,900 | N/A |