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SALT LAKE CITY, UT 84123

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

Market Overview

Active Listings
72
⇩ 10% vs 80 last year
Pending
17
24% pending ratio
Median Price
$472,500
⇩ 13.3% vs $544,950 last year
Average Price
$491,584
⇩ 12.7% vs $563,267 last year
Days on Market
59
⇧ 1.7% vs 58 days last year

Market Context

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

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

Market Analysis

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

The SALT LAKE CITY, UT real estate market (84123) currently shows 72 active listings, with 17 pending sales. Homes are averaging 59 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 59 days on market compared to 58 days last year.

The median listing price has fallen 13.3% year-over-year, from $544,950 to $472,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 72 this year vs 80 last year
  • Days on market: 59 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $472,500 (-13.3% YoY)
  • Average: $491,584 (-12.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.1 miles — 1,189 listings ($787,323,869 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
84123Salt Lake City, UT 841230.0 mi72$35,394,048$472,500$491,584
84129Salt Lake City, UT 841292.1 mi84$44,036,244$500,000$524,241
84047Midvale, UT 840473.4 mi125$61,513,375$465,000$492,107
84115Salt Lake City, UT 841154.2 mi53$25,124,756$484,000$474,052
84106Salt Lake City, UT 841064.8 mi87$61,549,716$598,997$707,468
84120West Valley City, UT 841205.0 mi79$40,085,311$474,900$507,409
84124Salt Lake City, UT 841246.1 mi48$55,508,928$899,000$1,156,436
84105Salt Lake City, UT 841056.4 mi46$43,833,492$754,000$952,902
84094Sandy, UT 840946.8 mi59$37,647,664$594,500$638,096
84095South Jordan, UT 840957.0 mi87$90,486,264$749,499$1,040,072
84111Salt Lake City, UT 841117.0 mi27$21,102,309$559,000$781,567
84081West Jordan, UT 840817.2 mi150$93,821,250$595,000$625,475
84009South Jordan, UT 8400910.1 mi272$177,220,512$595,000$651,546

Frequently Asked Questions

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

As of January 2026, there are 72 active listings in SALT LAKE CITY, UT (zip code 84123), compared to 80 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 $472,500 as of January 2026, a 13.3% decrease from $544,950 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 59 days on the market before going under contract, compared to 58 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 January 2026, SALT LAKE CITY, UT 84123 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 59 days on market compared to 58 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 $9,450 compared to a typical 5% commission on the median listing price of $472,500. 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.