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Trela Bird
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Salt Lake County Annual 2012 Home Prices

Information on Salt Lake County home prices for 2012.


2012 Annual Home Prices

Does it feel like 2007 again? Homes are selling fast, sometimes within one or two days of coming on the market, often with muliple offers. Annual Salt Lake home prices increased for the first time since 2007 going up 6.53% to $212,000 for a single family home. The only zip codes returning a decline in home prices were Cottonwood 84121 down 0.04% and Salt Lake City 84108 down 2.99%. The best performing area was Salt Lake City 84104 increasing an impressive 30.24%.

Having said that it feels like 2007, there is one key different. In 2007 a total 29,203 homes were listed for sale, with a total number of homes sold of 11,368. In 2012 just 14,829 homes were listed for sale, with a total number sold of 10,969. This indicates a very tight inventory level and is the key reason for the increase in home prices. If we don't get more homes coming on the market and buyer demand remains contsant, the upward pressure of home prices will remain, and prices will continue their upward momentum.

City Postcode Median Price Units Sold Percentage Change
Copperton 84006 $117,000 9 N/A
Cottonwood 84121 $279,900 437 down 0.04%
Draper 84020 $360,000 499 up 4.09%
Herriman 84096 $259,995 538 up 1.96%
Holladay 84117 $312,500 168 up 6.69%
Holladay 84124 $299,000 266 up 11.61%
Kearns 84118 $135,000 844 up 5.06%
Magna 84044 $123,031 391 up 5.15%
Midvale 84047 $170,000 231 up 2.41%
Murray 84107 $199,000 181 up 7.57%
Riverton 84065 $266,500 422 up 1.19%
Salt Lake City 84101 $97,950 12 N/A
Salt Lake City 84102 $228,500 114 up 0.33%
Salt Lake City 84103 $359,250 198 up 2.64%
Salt Lake City 84104 $110,700 212 up 30.24%
Salt Lake City 84105 $264,150 348 up 7.38%
Salt Lake City 84106 $223,900 400 up 4.77%
Salt Lake City 84108 $349,250 246 down 2.99%
Salt Lake City 84109 $279,900 283 up 8.91%
Salt Lake City 84111 $164,000 71 up 16.02%
Salt Lake City 84116 $130,500 264 up 8.75%
Sandy 84070 $189,000 230 up 6.99%
Sandy 84092 $319,000 342 up 10%
Sandy 84093 $290,000 293 up 3.61%
Sandy 84094 $206,000 307 up 8.48%
South Jordan 84095 $294,950 724 up 7.12%
South Salt Lake 84115 $151,700 258 up 8.43%
Taylorsville/Murray 84123 $200,000 175 up 7.76%
Taylorsville 84129 $165,000 167 up 5.84%
West Jordon 84084 $174,900 455 up 10.70%
West Jordon 84088 $210,000 383 up 6.60%
West Valley 84119 $135,000 314 up 8%
West Valley 84120 $144,000 505 up 8.68%
West Valley 84128 $155,000 358 up 6.16%

Data for home prices information provided by WFRMLS