Salt Lake City, UT 84104 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Salt Lake City, UT — 84104
Market Hotness
35
Hotness Rank
#9,430
Hotness Score
35
Supply Score
52
Demand Score
18
DOM vs US
-3.5%
Faster
Price vs US
92%
Below avg
Median Listing Price
$395K
Population
23,420
Households
449,662
Median Days on Market
50
Active Listings
28
New Listings
18
Housing Market
Pricing
Median Listing Price
$395K
-11.0% YoY
Average Listing Price
$388K
-10.9% YoY
Price per Sq Ft
$317
-4.2% YoY
Median Sq Ft
1,200
-16.8% YoY
Inventory
Active Listings
28
-14.1% YoY
New Listings
18
+12.5% YoY
Total Listings
46
-12.5% YoY
Buyer Competition
Pending Listings
18
-16.7% YoY
Pending Ratio
0.64
-2.0% YoY
Median Days on Market
50
-3.4% YoY
Price Reduced
19.7%
+5.2% YoY
FY2026 Fair Market Rent — Salt Lake County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,259
/month
1 BR
$1,456
/month
2 BR
$1,747
/month
3 BR
$2,333
/month
4 BR
$2,666
/month
FMR Trends — Salt Lake County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
34.0
2024
Population
ZIP Population
23,420
-2.6% YoY
Salt Lake County Population
1,216,274
+1.3% YoY
Households
Total Housing Units
449,662
+2.2% YoY
Age
2024 Age Mix
1.2M
residents
Under 18
302,331
25.3%
Adults 18–64
752,027
62.9%
65 & Over
142,165
11.9%
Age Composition Over Time
2017–2024
Population Under 18
302,331
-1.3% YoY
Population 65 & Over
142,165
+3.7% YoY
Median Age
34.00
+0.6% YoY
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