Salt Lake City Metro
Salt Lake City Metro Market Report
Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/30/2026
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free · county-record data · links back hereListings Flow Ladder — Salt Lake City
Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026
- Faucet — new listings
- 1,506/mo
- 73% of normal (2,050) · trickle
- Basin — active listings
- 4,651
- 124% of normal (3,761) · balanced
- Months of supply
- 4.2 mo
- derived — not published at this grain
- Drain — closed sales
- 1,096/mo
- 61% of normal (1,790)
- Net — faucet minus drain
- +410/mo
- filling
- Reading
- current
- as of 2026-09-30
How plugged is the drain? Two definitions, both ours, deliberately not reconciled.
- 50%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
- 39%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month
Closed sales over 24 months — two different numbers, deliberately not merged.
- 203/mofall in the monthly rate (16%)— peak 1,299/mo (2026-06-30) to 1,096/mo now
- 12,393transactions that did not happen— summed monthly shortfall vs the same-month normal, over 24 months below it (vs 2015-19 (COVID excluded))
- rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 37 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.
Verified county coverage:Salt Lake County, UTUtah County, UT
New Listings Trend
Monthly new for-sale listings · Redfin + Realtor.com · Salt Lake City, UT
as of Sep 1, 2026Buyer Leverage — Should I Buy in Salt Lake City?
MODERATE — Salt Lake City has mixed conditions, pockets of opportunity
| ZIP | City | Score | Median Price | YoY | Burden | Buy/Rent | DOM | Supply | Gap % |
|---|---|---|---|---|---|---|---|---|---|
| 84104 | Salt Lake City | 38 | $405,063 | +0.5% | 43.6% | Rent | 53d | 4.6mo | +34.9% |
| 84010 | Bountiful | 49 | $568,907 | +2.7% | 36.8% | Rent | 45d | 4mo | -23.5% |
| 84128 | West Valley City | 61 | $485,857 | +0.9% | 29.3% | Rent | 29d | 4mo | -11.3% |
| 84088 | West Jordan | 46 | $573,510 | +1.7% | 37.6% | Rent | 38d | 3.2mo | -10.1% |
| 84092 | Sandy | 49 | $866,195 | +3.4% | 37.3% | Rent | 45d | 3.6mo | -28.9% |
| 84009 | South Jordan | 65 | $610,976 | +0.8% | 30.9% | Rent | 57d | 4.1mo | +3.4% |
| 84043 | Lehi | 61 | $577,253 | +1.3% | 30.3% | Rent | 53d | 2.9mo | -6.1% |
| 84003 | American Fork | 71 | $596,556 | +2.4% | 32.7% | Rent | 47d | 4.2mo | +1.7% |
| 84601 | Provo | 44 | $444,371 | +0.5% | 45.3% | Rent | 47d | 4.1mo | +1.5% |
| 84058 | Orem | 49 | $485,033 | +1.6% | 44.8% | Rent | 40d | 4.9mo | -2% |
Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.