Is Salt Lake City, UT 84118 a buyer’s or seller’s market?
Salt Lake City is a seller’s market. With about 3.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.2Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list99.5%Sold price ÷ list price
Median days on market37Listing to accepted offer
Median price per sq ft$251▼ −1.9% vs. last year
Run the numbers for 84118
Nearby markets
Bingham Canyon 84006Seller’s market $227 /sq ftDraper 84020Balanced $253 /sq ftHerriman 84096Seller’s market $216 /sq ftMagna 84044Seller’s market $231 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology