Salt Lake County Prices 4Q 2011
Summary of how the Salt Lake County Utah housing market performed in the fourth quarter 2011.
4th Quarter 2011 Housing Market Update
The median home price for Salt Lake County in the 4th quarter 2011 was $193,000 for single family homes (down 10.23%) and $134,900 for condos (down 6.5%). While prices were down the number of homes sold continued to show positive signs, with 2328 single family homes sold, a rise of nearly 20% over the same period last year. The number of days it takes to sell a home is also heading in the right direction, dropping from 88 to 73 days.
Salt Lake County saw single family home median price increases in 5 of its zip codes in the 4th quarter 2011. These were 84070 (Sandy) up 1.4%, 84102 (Salt Lake City's Central City area) up 22.12%, 84108 (Salt Lake City Emigration Canyon) up 3.17%, 84116 (Salt Lake City) up 3.07, and 84121 (Cottonwood) up 16.20%. Of the areas that fell in price the worst performing were 84103 (Salt Lake City Avenues) down 19.22%, 84104 (Salt Lake City Glendale) down 19.34% and 84119 (West Valley City) down 16.56%.
The condo market did not fare any better with just 3 zip codes seeing price increases. These were 84106 (Salt Lake City) up 2.71%, 84111 (Salt Lake City) up 13.60% and 84117 (Holladay) up 1.14%. The areas experiencing the biggest decline were 84107 (Murray) down 55.81% and 84119 (West Valley City) down 35%.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $315,000 | down 10.92% |
| 84020 | Draper | Condo | $140,450 | N/A |
| 84044 | Magna | Single Family | $109,000 | down 16.48% |
| 84044 | Magna | Condo | $60,750 | N/A |
| 84047 | Midvale | Single Family | $155,950/td> | down 6.9% |
| 84047 | Midvale | Condo | $103,000 | N/A |
| 84065 | Riverton | Single Family | $255,317 | down 1.51% |
| 84065 | Riverton | Condo | $190,500 | N/A |
| 84070 | Sandy | Single Family | $177,450 | up 1.40% |
| 84070 | Sandy | Condo | $93,950 | N/A |
| 84084 | West Jordan | Single Family | $150,000 | down 16.15% |
| 84084 | West Jordan | Condo | $119,500 | N/A |
| 84088 | West Jordan | Single Family | $186,500 | down 8.13% |
| 84088 | West Jordan | Condo | $203,450 | N/A |
| 84092 | Sandy | Single Family | $289,000 | down 6.02% |
| 84092 | Sandy | Condo | $315,000 | N/A |
| 84093 | Sandy | Single Family | $268,900 | down 7.28% |
| 84093 | Sandy | Condo | $1,125,000 | N/A |
| 84094 | Sandy | Single Family | $199,550 | down 1.33% |
| 84094 | Sandy | Condo | $159,000 | N/A |
| 84095 | South Jordan | Single Family | $266,000 | down 3.97% |
| 84095 | South Jordan | Condo | $138,000 | N/A |
| 84096 | Herriman | Single Family | $252,572 | down 14.38% |
| 84096 | Herriman | Condo | No Sales | N/A |
| 84101 | Salt Lake City | Single Family | $101,250 | N/A |
| 84101 | Salt Lake City | Condo | $210,000 | down 4.55% |
| 84102 | Salt Lake City | Single Family | $265,000 | up 22.12% |
| 84102 | Salt Lake City | Condo | $157,800 | down 5.08% |
| 84103 | Salt Lake City | Single Family | $342,500 | down 19.22% |
| 84103 | Salt Lake City | Condo | $183,000 | N/A |
| 84104 | Salt Lake City | Single Family | $85,500 | down 19.34% |
| 84104 | Salt Lake City | Condo | No Sales | N/A |
| 84105 | Salt Lake City | Single Family | $229,699 | down 9.57% |
| 84105 | Salt Lake City | Condo | No Sales | N/A |
| 84106 | Salt Lake City | Single Family | $205,000 | down 7.82% |
| 84106 | Salt Lake City | Condo | $142,000 | up 2.71% |
| 84107 | Murray | Single Family | $186,500 | down 7.67% |
| 84107 | Murray | Condo | $69,125 | down 55.81% |
| 84108 | Salt Lake City | Single Family | $325,000 | up 3.17% |
| 84108 | Salt Lake City | Condo | $250,000 | N/A |
| 84109 | Salt Lake City | Single Family | $254,000 | down 7.30% |
| 84109 | Salt Lake City | Condo | $195,000 | N/A |
| 84111 | Salt Lake City | Single Family | $136,400 | down 14.21% |
| 84111 | Salt Lake City | Condo | $154,433 | up 13.60% |
| 84115 | South Salt Lake | Single Family | $131,500 | down 2.95% |
| 84115 | South Salt Lake | Condo | $98,750 | N/A |
| 84116 | Salt Lake City | Single Family | $125,950 | up 3.07% |
| 84116 | Salt Lake City | Condo | $69,000 | N/A |
| 84117 | Holladay | Single Family | $270,000 | down 10% |
| 84117 | Holladay | Condo | $154,750 | up 1.14% |
| 84118 | Taylorsville/Kearns | Single Family | $119,000 | down 14.21% |
| 84118 | Taylorsville/Kearns | Condo | No Sales | N/A |
| 84119 | West Valley City | Single Family | $123,450 | down 16.56% |
| 84119 | West Valley City | Condo | $74,000 | down 35% |
| 84120 | West Valley City | Single Family | $134,000 | down 8.19% |
| 84120 | West Valley City | Condo | $72,705 | N/A |
| 84121 | Cottonwood | Single Family | $290,504 | up 16.20% |
| 84121 | Cottonwood | Condo | $128,000 | down 14.09% |
| 84123 | Taylorsville/Murray | Single Family | $180,000 | down 5.49% |
| 84123 | Taylorsville/Murray | Condo | $83,000 | N/A |
| 84124 | Holladay | Single Family | $295,000 | down 2.82% |
| 84124 | Holladay | Condo | $305,500 | N/A |
| 84128 | West Valley City | Single Family | $142,100 | down 14.47% |
| 84128 | West Valley City | Condo | $93,000 | N/A |