Salt Lake City, UT Housing Market

Salt Lake City, UT's median home value is $569K, up 4.0% over the past year. Homes here sell in a median 45 days. Its PropertyIQ Score of 14 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Salt Lake City, UT area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across UT and every other US state.

Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Salt Lake City, UT's PropertyIQ Score of 14 runs below the Mountain West norm.

The PropertyIQ Score for the Salt Lake City, UT market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag.

Explore the interactive map to see how Salt Lake City, UT compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.