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Bonneville Center Capitol Hill Northwest Coalition Salt Lake International Center

SALT LAKE CITY, UT 84116

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 84116

Bonneville Center · Capitol Hill · Northwest Coalition · Salt Lake International Center

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SALT LAKE CITY, UT real estate market (84116) currently shows 56 active listings, with 20 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 53 days on market compared to 32 days last year.

The median listing price has fallen 3.1% year-over-year, from $447,450 to $433,750.

Whether you are buying or selling in SALT LAKE CITY, UT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 36,701  ·  Density: 281.5/mi²  ·  Median household income: $67,968

Typical home value: $300,461  ·  Homeownership: 55.9%

Market Overview

Active Listings
56
⇩ 1.8% vs 57 last year
Pending
20
36% pending ratio
Median Price
$433,750
⇩ 3.1% vs $447,450 last year
Average Price
$423,937
⇩ 5.7% vs $449,788 last year
Days on Market
53
⇧ 65.6% vs 32 days last year

Price Per Square Foot

Median $/sqft
$271
⇩ 1.8% vs $276/sqft last year
Median Home Size
1,491 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 57 last year
  • Days on market: 53 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $433,750 (-3.1% YoY)
  • Average: $423,937 (-5.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.0 miles — 910 listings ($596,491,000 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
84116Salt Lake City, UT 841160.0 mi53$21,760,793$418,725$410,581
84087Woods Cross, UT 840876.0 mi41$22,126,716$537,000$539,676
84101Salt Lake City, UT 841018.1 mi42$37,553,460$560,000$894,130
84128West Valley City, UT 841288.9 mi54$27,271,026$478,500$505,019
84120West Valley City, UT 841209.4 mi91$46,544,498$474,900$511,478
84119West Valley City, UT 841199.7 mi92$41,824,028$426,250$454,609
84010Bountiful, UT 8401010.2 mi96$68,868,672$535,000$717,382
84105Salt Lake City, UT 8410510.5 mi48$49,947,888$813,488$1,040,581
84025Farmington, UT 8402511.7 mi62$69,042,828$798,047$1,113,594
84118Salt Lake City, UT 8411812.3 mi82$36,755,352$437,200$448,236
84129Salt Lake City, UT 8412912.7 mi80$42,462,080$499,875$530,776
84107Salt Lake City, UT 8410713.9 mi131$69,136,429$501,750$527,759
84108Salt Lake City, UT 8410815.0 mi38$63,197,230$1,224,500$1,663,085

Frequently Asked Questions

How many homes are for sale in SALT LAKE CITY, UT 84116?

As of March 2026, there are 56 active listings in SALT LAKE CITY, UT (zip code 84116), compared to 57 the prior year.

What is the median home price in SALT LAKE CITY, UT 84116?

The median listing price in SALT LAKE CITY, UT 84116 is $433,750 as of March 2026, a 3.1% decrease from $447,450 the prior year.

How long do homes stay on the market in SALT LAKE CITY, UT?

Homes in SALT LAKE CITY, UT 84116 spend an average of 53 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in SALT LAKE CITY, UT 84116?

Based on current inventory and days-on-market data as of March 2026, SALT LAKE CITY, UT 84116 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 53 days on market compared to 32 days last year.

How much can I save on real estate commission in SALT LAKE CITY, UT?

With SELL123.com's maximum 3% commission, sellers in SALT LAKE CITY, UT 84116 save an estimated $8,675 compared to a typical 5% commission on the median listing price of $433,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.