Salt Lake City Home Prices 3rd Quarter 2005

Again we saw a strong quarter for home prices in the Salt Lake County Utah area. This is the 2nd strong quarter in a row and is a vast improvement over the flat / small home price inflation seen over the last few years. Home prices in Utah remain low compared to the rest of the country with the average home price around the $200,000 mark.

The table below shows the median home prices for the 3rd quarter 2005 compared to 3rd quarter 2004. Source Wasatch Front Regional Multiple Listing Service. One thing to note is that this is the first quarter where they have used the median price rather than the average price. This means that if you look at last quarters prices they may appear to have decreased but difference is due to the different method used to calculate the price.

City Zip Code Median Price Percentage Change
Copperton 84006 No Data n/a
Cottonwood 84121 $286,000 up 34.9%
Draper 84020 $349,669 up 17.7%
Holladay 84117 $317,200 up 36%
Holladay 84124 $300,124 up 21.6%
Magna 84044 $127,867 up 12%
Midvale 84047 $169,900 up 20.2%
Murray 84107 $189,000 up 21.8%
Riverton 84065 $240,000 up 17.7%
Salt Lake City 84101 No Data n/a
Salt Lake City 84102 $245,000 up 51,2%
Salt Lake City 84103 $317,000 up 10.3%
Salt Lake City 84104 $100,000 up 7.4%
Salt Lake City 84105 $229,450 up 12.2%
Salt Lake City 84106 $205,000 up 16.1%
Salt Lake City 84108 $300,500 down 0.2 %
Salt Lake City 84109 $246,500 up 12.7%
Salt Lake City 84116 $130,000 up 16.1%
Sandy 84070 $166,900 up 4.6%
Sandy 84092 $304,900 up 12.9%
Sandy 84093 $273,500 up 14.9%
Sandy 84094 $187,250 up 7.3%
South Jordan 84095 $276,673 up 2.9%
South Salt Lake 84115 $139,850 up 11.9%
Taylorsville 84118 $137,950 up 7.2%
Taylorsville 84123 $180,500 up 4.3%
West Jordon 84084 $164,070 up 10.9%
West Jordon 84088 $199,000 up 16.7%
West Valley 84119 $136,725 up 7.7%
West Valley 84120 $142,000 up 7.3%
West Valley 84128 $150,000 up 11.6%
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Want to know what property prices are doing in other areas of the U.S.?

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