Salt Lake City, UT metro area Housing Market
Cold MarketComprehensive housing market data for the Salt Lake City, UT metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$541K
↑ 4.1% YoY
Days on Market
65 days
↑ 16.1% YoY
Active Inventory
2,840
↑ 8.8% YoY
Homes Sold
705
↓ 3.2% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Salt Lake City, UT metro area Market Summary
The Salt Lake City, UT metro area housing market is cooling down. As of January 2026, the median home sale price is $541K, up 4.1% year-over-year. Homes are spending a median of 65 days on the market, 16.1% longer than a year ago.
There are 2,840 homes for sale — 8.8% more than last year. With 4.0 months of supply, this is a balanced market. 1,178 new listings were added during this period, up 3.1% year-over-year.
Homes are selling for 98.5% of their list price on average, suggesting room for negotiation. 19.1% of homes sell above their asking price. 28.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Utah Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Salt Lake City, UT metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$535K
Price per Sq Ft
$244
Sale-to-List Ratio
98.5%
Months of Supply
4.0
Sold Above List
19.1%
Price Drops
28.4%
New Listings
1,178
↑ 3.1% YoY
Pending Sales
1,161
Off Market in 2 Weeks
25.0%
Other Markets in Utah
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$506K · 68d on market
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$494K · 64d on market
St. George, UT metro area
$531K · 85d on market
Heber, UT metro area
$1.61M · 144d on market
Logan, UT metro area
$449K · 84d on market
Cedar City, UT metro area
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Vernal, UT metro area
$431K · 106d on market
Price, UT metro area
$282K · 119d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.