Call or Text (240) SELL-123
Amherst Park Aspen Heights Auburn Gardens Bullion Cimarron Clover Crest Number 2 Clover Crest Number 3 Cloverwood Germania Gardens Greenwood Acres Landings at Riverbend LaSalle Acres Majestic Village Misty Meadows Murray Oakes River Oaks Riverbend Riverview East Twin Willows Walden Glen Walden Hills Walden Park Walden Ridge

SALT LAKE CITY, UT 84123

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

Neighborhoods in ZIP 84123

Amherst Park · Aspen Heights · Auburn Gardens · Bullion · Cimarron · Clover Crest Number 2 · Clover Crest Number 3 · Cloverwood · Germania Gardens · Greenwood Acres · Landings at Riverbend · LaSalle Acres · Majestic Village · Misty Meadows · Murray Oakes · River Oaks · Riverbend · Riverview East · Twin Willows · Walden Glen · Walden Hills · Walden Park · Walden Ridge

Market Analysis

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

The SALT LAKE CITY, UT real estate market (84123) currently shows 88 active listings, with 30 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 51 days on market compared to 50 days last year.

The median listing price has fallen 12.6% year-over-year, from $557,400 to $486,975.

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: 38,052  ·  Density: 1,775.9/mi²  ·  Median household income: $73,898

Typical home value: $384,100  ·  Homeownership: 57.9%

Market Overview

Active Listings
88
⇩ 6.4% vs 94 last year
Pending
30
34% pending ratio
Median Price
$486,975
⇩ 12.6% vs $557,400 last year
Average Price
$505,926
⇩ 7.8% vs $549,009 last year
Days on Market
51
⇧ 2% vs 50 days last year

Price Per Square Foot

Median $/sqft
$260
⇧ 2% vs $255/sqft last year
Median Home Size
1,877 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 88 this year vs 94 last year
  • Days on market: 51 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $486,975 (-12.6% YoY)
  • Average: $505,926 (-7.8% 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 10.1 miles — 1,324 listings ($884,765,056 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
84123Salt Lake City, UT 841230.0 mi81$41,051,205$499,975$506,805
84129Salt Lake City, UT 841292.1 mi80$42,462,080$499,875$530,776
84047Midvale, UT 840473.4 mi131$64,633,173$461,975$493,383
84115Salt Lake City, UT 841154.2 mi57$26,335,083$478,375$462,019
84106Salt Lake City, UT 841064.8 mi99$69,270,300$587,163$699,700
84120West Valley City, UT 841205.0 mi91$46,544,498$474,900$511,478
84124Salt Lake City, UT 841246.1 mi50$64,365,300$926,225$1,287,306
84105Salt Lake City, UT 841056.4 mi48$49,947,888$813,488$1,040,581
84094Sandy, UT 840946.8 mi52$31,979,220$582,444$614,985
84095South Jordan, UT 840957.0 mi95$95,306,755$729,800$1,003,229
84111Salt Lake City, UT 841117.0 mi25$21,063,475$543,250$842,539
84081West Jordan, UT 840817.2 mi169$106,925,455$602,475$632,695
84009South Jordan, UT 8400910.1 mi346$224,880,624$599,000$649,944

Frequently Asked Questions

How many homes are for sale in SALT LAKE CITY, UT 84123?

As of June 2026, there are 88 active listings in SALT LAKE CITY, UT (zip code 84123), compared to 94 the prior year.

What is the median home price in SALT LAKE CITY, UT 84123?

The median listing price in SALT LAKE CITY, UT 84123 is $486,975 as of June 2026, a 12.6% decrease from $557,400 the prior year.

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

Homes in SALT LAKE CITY, UT 84123 spend an average of 51 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in SALT LAKE CITY, UT 84123?

Based on current inventory and days-on-market data as of June 2026, SALT LAKE CITY, UT 84123 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 51 days on market compared to 50 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 84123 save an estimated $9,740 compared to a typical 5% commission on the median listing price of $486,975. 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.