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Salt Lake County Home Prices - 2nd Quarter 2011

Information on Salt Lake County home prices for the 2nd quarter 2011.


2nd Quarter 2011 Home Prices

A total of 2583 homes were sold in the second quarter 2011, up from 1783 in the first quarter. The median home price was $201,250, down from $220,000 from the second quarter 2010, but up slightly from the $200,000 seen in the first quarter. The average time taken to sell a home was 81 days.

Looking at a zip code level we can see that just 5 areas experienced median sales price increases, with Draper coming out on top with a 3.24% increase. There were 17 zip codes that experienced decreases, with the Salt Lake City zip code 84104 seeing the biggest drop of over 32%.

To sum up while the year on year figures were less than impressive, the quarter on quarter figures showed at least a temporary stabilization in home prices. Only time will tell if this is the bottoming of the market that we have been waiting for, or just a pause.

City Postcode Median Price Units Sold Percentage Change
Copperton 84006 $59,950 1 N/A
Cottonwood 84121 $260,000 80 down 6.89%
Draper 84020 $350,000 132 up 3.24%
Herriman 84096 $258,000 125 down 0.19%
Holladay 84117 $292,900 50 down 1.29%
Holladay 84124 $267,900 62 down 15.42%
Magna 84044 $123,000 58 down 12.02%
Midvale 84047 $172,000 54 down 1.43%
Murray 84107 $165,000 39 down 18.72%
Riverton 84065 $255,600 106 down 10%
Salt Lake City 84101 $148,000 2 N/A
Salt Lake City 84102 $211,250 31 up 2.8%
Salt Lake City 84103 $323,500 51 down 13.39%
Salt Lake City 84104 $87,000 56 down 32.56%
Salt Lake City 84105 $266,900 107 down 2.06%
Salt Lake City 84106 $219,900 72 down 8.35%
Salt Lake City 84108 $364,900 66 up 0.52%
Salt Lake City 84109 $255,500 62 down 10.04%
Salt Lake City 84111 $152,500 17 N/A
Salt Lake City 84116 $110,000 50 down 31.21%
Sandy 84070 $185,000 62 down 7.5%
Sandy 84092 $285,000 80 down 13.37%
Sandy 84093 $290,000 61 up 0.87%
Sandy 84094 $184,900 68 down 11.95%
South Jordan 84095 $277,000 157 down 2.52%
South Salt Lake 84115 $151,950 51 up 0.06%
Taylorsville 84118 $128,100 229 down 17.35%
Taylorsville 84123 $195,500 38 down 12.92%
West Jordon 84084 $155,900 140 down 17.9%
West Jordon 84088 $200,000 109 down 3.35%
West Valley 84119 $127,000 80 down 18.59%
West Valley 84120 $130.025 117 down 17.71%
West Valley 84128 $141,000 84 down 14.55%

Data for home prices information provided by WFRMLS