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Homes Under $500,000 in Holladay, Utah
Holladay is one of the pricier corners of the Salt Lake Valley, tucked between Millcreek and Cottonwood Heights with quick access to both the I-215 belt route and the mouths of Big and Little Cottonwood Canyons. Most single-family homes here run well north of $700K, so anything under $500K in this zip code tends to be a townhome, condo, or older patio home rather than a detached house with a yard. You'll see product concentrated around Holladay Village, the Cottonwood Corporate Center area, and pockets near Highland Drive and 4500 South where older multiplex and attached-housing stock keeps prices in reach. Buyers drawn to this price point are usually trading square footage or lot size for the Holladay address — Granite School District boundaries, mature tree-lined streets, and a 10-15 minute drive to downtown SLC or the ski resorts. Inventory under $500K moves fast because there simply isn't much of it; a well-priced condo near Holladay Village can see multiple offers within days. Expect HOA dues on most listings in this range, and budget time to compare fee structures since they vary a lot between older complexes and newer builds. Browse the active listings below to see what's currently on the market in this range.
"August 2026 · Holladay market
Live from the Utah MLS — what's actually happening in Holladay right now.
Median sale
$733,700
22 closed in August 2026
Median DOM
15 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
142
active + pending
30 matching · page 2 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.