Salt Lake Valley Housing Market Update
/If you've been wondering what's actually happening in our local market right now, the latest numbers are in, and there's a lot to unpack. Here's what buyers and sellers should know.
More Homes on the Market, But Sales Cooled Slightly
Listings entered the market at a strong clip recently, with 5,748 new listings, up 6.9% from last year. That's a healthy sign of sellers feeling confident enough to list.
On the flip side, 3,664 homes sold, down 1.7% from last year. Not a dramatic shift, but it does suggest buyers are being a bit more selective, or taking their time.
Put those two numbers together and you get more inventory building up. The average number of active listings climbed to 14,296, up 5.8% year over year. Meanwhile, homes under contract dipped slightly to 5,163, down 1.5%.
Homes Are Sitting a Little Longer
Median days on market came in at 41 days, up from 36 days the month before. It's still not a slow market by any means, but it's a shift worth noting if you're a seller expecting a quick sale. Pricing and presentation matter more than ever when homes take a few extra weeks to find the right buyer.
Single Family Homes: Steady and Strong
Single family residences continue to be the backbone of our market:
4,213 new listings, up 8.2% from last year
2,737 homes sold, essentially flat year over year
Median price per square foot: $229.21, down slightly (0.5%)
Median days on market: 39 days, up from 34 the month before
Median home size sold: 2,702 square feet
Median sale price: $585,000, down just 0.5% from last year
The takeaway here is stability. Prices have held remarkably steady, and while homes are taking a bit longer to sell, the single family segment is still performing well.
Townhomes and Condos: A Mixed Bag
The townhome and condo market told a slightly different story:
1,535 new listings, up 3.3% from last year
927 homes sold, down 7.5% from last year
Median price per square foot: $246.30, down 0.9%
Median days on market: 48 days, up from 42 the month before
Median home size sold: 1,633 square feet
Median sale price: $410,000, up 0.2% from last year
Sales activity slowed more noticeably in this segment, and homes are taking longer to move than their single family counterparts. If you own a townhome or condo and are thinking about selling, this is a market where strategic pricing and strong marketing really pay off.
What This Means for You
If you're a buyer, this is genuinely good news. More inventory and slightly longer days on market mean more room to negotiate and less pressure to make a rushed decision.
If you're a seller, don't panic, but do get strategic. Pricing your home right from day one and presenting it well are more important now than they were a year ago, when homes were flying off the market almost as fast as they were listed.
Thinking about buying or selling in the Salt Lake Valley? I'd love to walk you through what these numbers mean for your specific situation. Reach out anytime.
Data source: Utah Real Estate.com MLS Housing Market Update, July 2026.
Melissa Brownell is an Associate Broker with Plumb & Company Realtors in Salt Lake City, Utah, with 15 years of experience helping buyers and sellers throughout the Salt Lake Valley.