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2017-10-30
Salt Lake County single-family home median price reaches $330,000

The price of a single-family home has increased to its highest point ever before. In the July-August-September quarter, the median price of a Salt Lake County single-family home increased to nearly $330,000, a 10 percent rise year-over-year and a 67 percent climb (nominal dollars) compared to the third quarter of 2011 when home prices bottomed at $197,000. Adjusted for inflation, home prices today are 54 percent higher than in 2011.

 

The top 10 most expensive Wasatch Front ZIP codes in the third quarter were:

  1. The Avenues (84103) $608,000, up 22%
  2. Emigration Canyon (84108) $550,000, up 16%
  3. Alpine (84004) $497,000, up 5.9%
  4. Draper (84020) $465,000, up 5.0%
  5. Holladay (84117) $465,000, up 21%
  6. Eden (84310) $460,900, up 7%
  7. Holladay (84124) $456,000, up 11%
  8. Sandy (84092) $449,000, up 12%
  9. South Jordan (84095) $441,592, up 8%
  10. Canyon Rim (84109) $428,850, up 6%

 

Sales of single-family homes in Salt Lake County fell to 3,442 units sold in the third quarter, a 9 percent compared to sales a year ago during the same period. Home sales were down 1 percent in Davis County, down 2 percent in Tooele County, down 4 percent in Utah County, and up 0.4 percent in Weber County.

The 10 hottest ZIP codes for sales of single-family homes were:

  1. Clearfield (84015) 334
  2. Tooele (84074) 306
  3. Lehi (84043) 284
  4. Farr West (84404) 279
  5. Herriman (84096) 223
  6. Eagle Mountain (84005) 219
  7. Roy (84067) 215
  8. West Jordan (84081) 190
  9. South Ogden (84403) 188
  10. Kearns (84118) 185

Condominium sales in Salt Lake County increased to 1,179 units sold in the third quarter, up 1 percent compared to 1,171 units a year ago. The medium price of a condo reached $219,000, up 10 percent compared to $200,000 in the third quarter of 2016.

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