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SALT LAKE CITY, UT 84118

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

Neighborhoods in ZIP 84118

Apollo Hills · Cape Cod Estates · Deerfield · Deerfield Meadows · Hunter Stake · Mac Sweeney Estates · Sunset Hills · West Hills Number 2 · Williamsburg Estates

Market Analysis

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

The SALT LAKE CITY, UT real estate market (84118) currently shows 78 active listings, with 37 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 46 days last year.

The median listing price has fallen 4.2% year-over-year, from $459,000 to $439,750.

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: 41,387  ·  Density: 1,230.8/mi²  ·  Median household income: $81,808

Typical home value: $311,117  ·  Homeownership: 82.0%

Market Overview

Active Listings
78
⇧ 8.3% vs 72 last year
Pending
37
47% pending ratio
Median Price
$439,750
⇩ 4.2% vs $459,000 last year
Average Price
$447,107
⇩ 3.7% vs $464,466 last year
Days on Market
43
⇩ 6.5% vs 46 days last year

Price Per Square Foot

Median $/sqft
$240
⇩ 4.4% vs $251/sqft last year
Median Home Size
1,892 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 78 this year vs 72 last year
  • Days on market: 43 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $439,750 (-4.2% YoY)
  • Average: $447,107 (-3.7% 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 10.9 miles — 1,197 listings ($688,225,373 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
84118Salt Lake City, UT 841180.0 mi82$36,755,352$437,200$448,236
84128West Valley City, UT 841283.4 mi54$27,271,026$478,500$505,019
84129Salt Lake City, UT 841294.0 mi80$42,462,080$499,875$530,776
84119West Valley City, UT 841195.8 mi92$41,824,028$426,250$454,609
84006Bingham Canyon, UT 840066.1 mi1$549,990$549,990$549,990
84104Salt Lake City, UT 841047.0 mi41$16,305,044$390,475$397,684
84044Magna, UT 840447.7 mi118$54,809,938$455,500$464,491
84047Midvale, UT 840478.2 mi131$64,633,173$461,975$493,383
84115Salt Lake City, UT 841158.6 mi57$26,335,083$478,375$462,019
84101Salt Lake City, UT 8410110.0 mi42$37,553,460$560,000$894,130
84111Salt Lake City, UT 8411110.6 mi25$21,063,475$543,250$842,539
84096Herriman, UT 8409610.7 mi426$268,714,836$514,475$630,786
84105Salt Lake City, UT 8410510.9 mi48$49,947,888$813,488$1,040,581

Frequently Asked Questions

How many homes are for sale in SALT LAKE CITY, UT 84118?

As of March 2026, there are 78 active listings in SALT LAKE CITY, UT (zip code 84118), compared to 72 the prior year.

What is the median home price in SALT LAKE CITY, UT 84118?

The median listing price in SALT LAKE CITY, UT 84118 is $439,750 as of March 2026, a 4.2% decrease from $459,000 the prior year.

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

Homes in SALT LAKE CITY, UT 84118 spend an average of 43 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in SALT LAKE CITY, UT 84118?

Based on current inventory and days-on-market data as of March 2026, SALT LAKE CITY, UT 84118 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 46 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 84118 save an estimated $8,795 compared to a typical 5% commission on the median listing price of $439,750. 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.