2024 | Q2
Salt LakeCounty Real Estate
Therealestatemarket inSalt LakeCountysawaslight decreasein the number of sold properties from Q2 2023 to Q2 2024, with 2,229 properties sold in Q2 2023 compared to 2,226 in Q2 2024, reflecting a minimal decline of approximately 0.13%. Despite this small decrease in sales volume, property values in the county experienced notable changes across the four quadrants. This indicates a market trend where property prices are continuing to rise,evenif theoverallsalesnumbersareslightlydown.
In terms of price increases by quadrant, the Northeast quadrant saw a price increase from $602,500 in Q2 2023 to $650,000 in Q22024,representing a788%increase TheSoutheast quadrant experienced a more modest rise from $729,500 to $735,000, an increase of 0 75% The Southwest quadrant's property values increased from $630,000 to $652,533, a 3 57% increase Lastly, the Northwest quadrant saw a rise from $453,398 to $475,200, marking a 4 80% increase These price increases reflect an upward trend in property values across Salt Lake County, suggesting sustained buyer demand with an inventory that is limited,but increasing
Narrative by Eric Santistevan, Salt Lake Board of REALTORS®
Data sourced from Wasatch Front Regional MLS for the period of 01/01/2024 to 03/31/2024 All information provided is deemed reliable but is not guaranteed and should be independently verified
Major AreasSummary
NORTHEASTSALTLAKECOUNTY - SOUTHEASTSALTLAKECOUNTY
SOUTHWESTSALTLAKECOUNTY - NORTHWESTSALTLAKECOUNTY
MedianDaysonMarket
21
MedianSoldPrice
$625,435
SINGLE-FAMILY HOMES
Number of SoldProperties
2,226
MedianSoldPrice | 2020 -2024 Q2 | AllMajor Areas
Northeast Salt LakeCounty
SALTLAKECITY - MURRAY - HOLLADAY - MILLCREEK - MIDVALE
MedianSoldPrice | 2020 -2024 Q2 | Northeast Salt LakeCounty
DatasourcedfromWasatchFront RegionalMLSfor theperiodof 04/01/2024 to06/30/2024. Allinformationprovidedisdeemedreliablebut isnot guaranteedandshouldbeindependentlyverified.
MedianDaysonMarket
SINGLE-FAMILY HOMES
Q2 2024
TotalProperties
Q2 2023
TotalProperties
Southeast Salt LakeCounty
COTTONWOODHEIGHTS - DRAPER - SANDY
MedianSoldPrice | 2020 -2024 Q2| Southeast Salt LakeCounty
DatasourcedfromWasatchFront RegionalMLSfor theperiodof 04/01/2024 to06/30/2024. Allinformationprovidedisdeemedreliablebut isnot guaranteedandshouldbeindependentlyverified.
SINGLE-FAMILY HOMES
Q2 2024 TotalProperties
Q2 2023 TotalProperties
Southwest Salt LakeCounty
HERRIMAN - RIVERTON - SOUTHJORDAN - WESTJORDAN - BLUFFDALE
MedianSoldPrice | 2020 -2024 Q2| Southwest Salt LakeCounty
DatasourcedfromWasatchFront RegionalMLSfor theperiodof 04/01/2024 to06/30/2024. Allinformationprovidedisdeemedreliablebut isnot guaranteedandshouldbeindependentlyverified.
SINGLE-FAMILY HOMES
Q2 2024 TotalProperties
Q2 2023
TotalProperties
Northwest Salt LakeCounty
WESTVALLEYCITY - MAGNA - KEARNS - TAYLORSVILLE
MedianSoldPrice | 2020 -2024 Q2 | Northwest Salt LakeCounty
DatasourcedfromWasatchFront RegionalMLSfor theperiodof 04/01/2024 to06/30/2024. Allinformationprovidedisdeemedreliablebut isnot guaranteedandshouldbeindependentlyverified.
SINGLE-FAMILY HOMES
Q2 2024 TotalProperties
Q2 2023
TotalProperties
