2012 Annual Salt Lake County Home Prices
Summary of how the Salt Lake County Utah housing market performed in 2012.
2012 Annual Housing Market Update
Strong home sales and a tightening of inventory levels pushed the median home price for a single family home up 6.26% in 2012. There were a total of 10950 single family homes sold in 2012 (up 15.84%), taking a median of 35 days to sell (down from 70 days in 2011). All but one zip code saw its median home price appreciate in value, with the best performing area being 84104 which returned an impressive 30.24%. Some of the best performing areas were in the less expensive Salt Lake City areas, where property investors started to re-immerge, applying more pressure to the already shrinking homes for sale inventory.
The condo real estate market continues its slow improvement but remains some way behind single family homes. Condo sales improved 25% to 1257, but it was not enough to stop the median condo sales price falling 2.99% to $130,000.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $359,300 | up 3.89% |
| 84020 | Draper | Condo | $170,000 | up 10.75% |
| 84044 | Magna | Single Family | $123,031 | up 5.15% |
| 84044 | Magna | Condo | $57,980 | N/A |
| 84047 | Midvale | Single Family | $170,000 | up 2.41% |
| 84047 | Midvale | Condo | $109,000 | down 1.62% |
| 84065 | Riverton | Single Family | $266,500 | up 1.19% |
| 84065 | Riverton | Condo | $161,850 | up 0.06% |
| 84070 | Sandy | Single Family | $189,900 | up 6.99% |
| 84070 | Sandy | Condo | $119,950 | down 2.08% |
| 84084 | West Jordan | Single Family | $174,900 | up 10.7% |
| 84084 | West Jordan | Condo | $111,500 | down 6.69% |
| 84088 | West Jordan | Single Family | $210,000 | up 6.60% |
| 84088 | West Jordan | Condo | $172,000 | up 13.95% |
| 84092 | Sandy | Single Family | $319,000 | up 10% |
| 84092 | Sandy | Condo | $410,000 | N/A |
| 84093 | Sandy | Single Family | $290,000 | up 3.61% |
| 84093 | Sandy | Condo | $225,000 | N/A |
| 84094 | Sandy | Single Family | $206,200 | up 8.85% |
| 84094 | Sandy | Condo | $115,450 | N/A |
| 84095 | South Jordan | Single Family | $294,950 | up 7.12% |
| 84095 | South Jordan | Condo | $160,000 | up 3.26% |
| 84096 | Herriman | Single Family | $259,995 | up 1.96% |
| 84096 | Herriman | Condo | $138,000 | N/A |
| 84101 | Salt Lake City | Single Family | $97,950 | N/A |
| 84101 | Salt Lake City | Condo | $188,500 | down 18.04% |
| 84102 | Salt Lake City | Single Family | $228,500 | up 0.33% |
| 84102 | Salt Lake City | Condo | $156,200 | up 1.76% |
| 84103 | Salt Lake City | Single Family | $359,250 | up 2.64% |
| 84103 | Salt Lake City | Condo | $164,850 | down 8.80% |
| 84104 | Salt Lake City | Single Family | $110,700 | up 30.24% |
| 84104 | Salt Lake City | Condo | $39,250 | N/A |
| 84105 | Salt Lake City | Single Family | $264,150 | up 7.38% |
| 84105 | Salt Lake City | Condo | No Sales | N/A |
| 84106 | Salt Lake City | Single Family | $223,900 | up 4.77% |
| 84106 | Salt Lake City | Condo | $129,950 | down 3.74% |
| 84107 | Murray | Single Family | $199,000 | up 7.57% |
| 84107 | Murray | Condo | $97,480 | up 3.15% |
| 84108 | Salt Lake City | Single Family | $349,250 | down 2.99% |
| 84108 | Salt Lake City | Condo | $238,700 | up 13.69% |
| 84109 | Salt Lake City | Single Family | $279,900 | up 8.91% |
| 84109 | Salt Lake City | Condo | $103,124 | down 42.98% |
| 84111 | Salt Lake City | Single Family | $164,000 | up 16.02% |
| 84111 | Salt Lake City | Condo | $144,300 | down 0.79% |
| 84115 | South Salt Lake | Single Family | $151,700 | up 8.34% |
| 84115 | South Salt Lake | Condo | $89,000 | down 13.80% |
| 84116 | Salt Lake City | Single Family | $130,500 | up 8.75% |
| 84116 | Salt Lake City | Condo | $54,500 | down 21.01% |
| 84117 | Holladay | Single Family | $312,500 | up 6.69% |
| 84117 | Holladay | Condo | $120,000 | down 10.98% |
| 84118 | Taylorsville/Kearns | Single Family | $135,000 | up 5.04% |
| 84118 | Taylorsville/Kearns | Condo | $173,450 | N/A |
| 84119 | West Valley City | Single Family | $135,000 | up 8% |
| 84119 | West Valley City | Condo | $96,000 | up 6.67% |
| 84120 | West Valley City | Single Family | $143,250 | up 8.11% |
| 84120 | West Valley City | Condo | $140,000 | up 134.87 |
| 84121 | Cottonwood | Single Family | $279,900 | down 0.04% |
| 84121 | Cottonwood | Condo | $179,000 | up 16.23% |
| 84123 | Taylorsville/Murray | Single Family | $200,000 | up 7.76% |
| 84123 | Taylorsville/Murray | Condo | $69,950 | down 22.22% |
| 84124 | Holladay | Single Family | $299,000 | up 11.61% |
| 84124 | Holladay | Condo | $190,000 | down 11.63% |
| 84128 | West Valley City | Single Family | $155,000 | up 6.16% |
| 84128 | West Valley City | Condo | $116,000 | N/A |