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Homes Under $500,000 in Holladay, Utah
Holladay isn't the first place buyers think of for value, and for good reason — this is a city of mature tree canopies, larger lots, and easy access to both downtown Salt Lake and the Cottonwood Canyons, which keeps demand steady. Homes under $500K here are real but they take some hunting. You're mostly looking at condos and townhomes in developments off Highland Drive and Holladay Boulevard, older single-family homes near Murray or the Millcreek border that need updating, or smaller patio homes in 55+ communities. A detached home with a yard under $500K is the exception, not the rule, so most buyers in this range are trading square footage or lot size for the Holladay zip code and schools.
What makes this price point work in Holladay is location math: you're a 15-20 minute drive from Alta and Brighton ski resorts, minutes from Holladay Village's restaurants and the farmers market, and still inside Granite School District boundaries with access to Olympus High. Condo HOA dues typically run $250-$450 a month and often cover exterior maintenance, water, and sometimes a pool — worth factoring into your monthly budget alongside the mortgage. Inventory under $500K moves fast when it hits the market, since it's competing with buyers priced out of single-family homes elsewhere on the east bench. Browse the active listings below to see what's currently available in this range.
July 2026 · Holladay market
Live from the Utah MLS — what's actually happening in Holladay right now.
Median sale
$855,000
21 closed in July 2026
Median DOM
40 days
listing → contract
Sale-to-list
97.1%
of final list price
Unsold inventory
140
active + pending
27 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Holladay.
What kind of home does $500K actually buy in Holladay? ▾
Realistically, sub-$500K listings in Holladay tend to be condos, townhomes, and smaller mid-century ramblers — often 2-3 bedrooms and under 1,800 square feet. Detached single-family homes at this price usually need updating or sit on smaller lots near the city's edges. Move-in-ready single-family homes under $500K are rare and go fast.
Why is Holladay more expensive than surrounding cities? ▾
Holladay sits between Cottonwood Heights and Millcreek with quick access to Big and Little Cottonwood Canyons, a walkable Holladay Village center, and the Olympus and Skyline High boundaries. Lot sizes are generous, tree cover is mature, and inventory is tight because turnover is low. Those factors keep the median well above the Salt Lake County average.
Are condos and townhomes the best bet under $500K here? ▾
For most buyers, yes. Communities near Murray-Holladay Road and along 2300 East have townhome and condo product that consistently lists in the $350K-$480K range. HOA fees vary widely — anywhere from $200 to $450 a month — so factor that into your true monthly cost.
What school boundaries should I check at this price point? ▾
Holladay falls within Granite School District, and homes feed into either Olympus High or Skyline High depending on location. Elementary boundaries shift block by block, so verify with the district before writing an offer. School boundaries are one of the bigger drivers of price variation within the city.
How competitive is the under-$500K segment in Holladay? ▾
It's the most active price band in the city. Well-priced condos and updated townhomes often see multiple offers within the first weekend, especially in spring. Getting pre-approved and being ready to tour within 24 hours of a new listing makes a real difference.
Are there any new-construction options under $500K in Holladay? ▾
Very few. Holladay is largely built out, and the new construction that does come online — mostly infill townhomes and the occasional small-lot rebuild — typically prices above $600K. If new construction matters to you, expect to look at attached product or consider nearby Millcreek and Murray.