Search homes for sale in Salt Lake City, UT with Sue Ann Wilkinson, a premier realtor in Pepperwood.
Salt Lake City, UT Housing Market Trends
In October 2024, Salt Lake City home prices saw a 7.7% increase from the previous year, with a median sale price of $550,000. Homes are staying on the market longer, with an average of 43 days to sell compared to 35 days last year, indicating a slight cooling in market speed. Sales volume also dipped slightly, with 142 homes sold this October compared to 147 the previous year. This combination of rising prices and longer market times suggests that while demand remains steady, buyers may be exercising more caution, leading to a slightly more balanced market.
Salt Lake City is a moderately competitive market, with homes typically selling in about 36 days, and some attracting multiple offers. On average, properties sell for around 2% below the list price and go pending in roughly 36 days. However, "hot" homes—those in high demand—can go pending much faster, within about 11 days, and often sell at or near the list price. This trend highlights that while most buyers have room for negotiation, especially desirable properties can still command quicker sales and closer-to-list offers.
In the period from August to October 2024, approximately 0.54% of homebuyers nationwide expressed interest in relocating to Salt Lake City from other metropolitan areas. The highest interest came from Los Angeles, followed by San Francisco and San Diego.
Whether you have questions about the Salt Lake City housing market or you're ready to find your perfect property, Sue Ann is here to help. With her local expertise and commitment to client satisfaction, she'll guide you every step of the way. Don't miss the chance to make Salt Lake City your new home—reach out to Sue Ann now!
Discover all that Salt Lake City has to offer with our in-depth neighborhood guide! From vibrant community highlights and top-rated schools to lifestyle tips and real estate trends, our guide is designed to give you an insider’s view of life in Salt Lake City. Whether you’re considering a move or simply curious about this dynamic area, start exploring now to see what makes Salt Lake City a fantastic place to call home!
Whether you're a first-time buyer or a seasoned investor, Sue Ann's comprehensive understanding of the local market, combined with her proven track record of success, can be a valuable asset in achieving your real estate objectives. Contact her to explore the possibilities.
