Market analytics · October 2026 archive
Salt Lake City, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
October 2026 · Market Analysis
Salt Lake City's October wait doubles to 34 days as Avenues sellers sit longer
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A typical Salt Lake City home needed 34 days to sell in October, up from 19 in September and 20 a year ago. The median home price came in at $590,000, but that number is lifted by a mix of higher-priced closings, because the median list price was only $534,950. Buyers have the edge in this housing market. Active listings reached 980, closings fell to 167, and sale-to-list slipped to 97.7%.
Market pulse
Supply moved most. Homes for sale rose from 602 in May to 980 in October, while new listings fell to 289 from 329 in September. Speed went the other way: median days on market was 9 in May and reached 34 in October. A quarter of homes took longer than 67 days. Sales also thinned, with 167 closings against 205 in September and 223 a year ago.
Mortgage context
Mid-priced homes carry the rate story here. Of October's 167 closings, 79 landed between $400,000 and $700,000, at a median $509,900 and 42 days on market. The 30-year rate has eased from 7.75% a month ago, which helps, but the slowest sales were in this range and in the 30 homes under $400,000, which took 48 days.
Payment math
Put 20% down on the $590,000 median home and principal and interest runs $3,260 a month at 7.375%, which is $121 less than the $3,381 at 7.75% thirty days ago, yet still $301 above the $2,959 payment of April's 6.42% low.
If you're buying
Target listings past 40 days, especially between $400,000 and $700,000, where the median home took 42 days. Of the 167 closings, 79 had a price change before selling, so ask about a cut before you offer. The Avenues had five sales at a median 61 days and $664,000, so sellers there are listening.
If you're selling
Homes above $700,000 are still moving fastest, at a median 23 days, so they have more pricing room than cheaper ones. Only 28 of 167 homes sold above list, and 108 sold below. Price to what closed nearby in the last 30 days, not to the $534,950 median asking price, and expect Highland Park-type sales near $582,850 to take about a month.
Outlook
Showings and new listings usually thin out as the holidays near, and fewer new listings could slow the climb in inventory. With about 6 months of supply, buyers keep the upper hand through January. Rates have eased from last month, which may bring a few buyers back, but sales stay light until spring.
Watch for
If new listings stay near 289 a month while closings hold near 167, inventory would push past 1,100 homes by January and sale-to-list would likely slip toward 97%.
"A slower October, with 980 homes for sale and buyers setting the pace"
Common questions about Salt Lake City this month
What is the median home price in Salt Lake City? ▾
The median home price in Salt Lake City was $590,000 in October 2026, up from $540,000 in September. The average sale price was $702,153. The average is higher because 58 homes sold above $700,000, at a median $951,750, which pulls it up. The median list price was $534,950.
Is the Salt Lake City housing market slowing down? ▾
Yes, by pace. In October, homes took a median 34 days to sell, up from 19 in September. Closings fell to 167 and listings reached 980, about 6 months of supply. Sale-to-list was 97.7%, so buyers have some leverage.
How much is my Salt Lake City home worth? ▾
Recent sales put the median at $590,000, with homes closing at about 97.7% of list price after 34 days. A single home's value depends on similar homes sold nearby. Those over $700,000 sold in 23 days, while under $400,000 took 48.
How have rates changed the monthly payment in Salt Lake City? ▾
At 7.375%, principal and interest on the median home is $3,260 a month with 20% down. That is $121 less than 30 days ago, when the rate was 7.75%. It is still $301 above April's payment.
Where are Salt Lake City homes selling fastest? ▾
Among the busiest areas in October, Highland Park had four sales at a median 31 days and $582,850. Avenues had five at 61 days and $664,000. Hoffman Heights had four at 51 days and $346,000.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
169 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 34 · 25th percentile 8 · 75th percentile 67
Needed a price change
Sold listings that had a recorded price change before close
79 of 169 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Avenues 5 sold · $664K · 61d
- 2. Highland Park 4 sold · 31d
- 3. Hoffman Heights 4 sold · 51d
- 4. Ensign Downs 2 sold · 41d
- 5. Veterans Heights 2 sold · 9d
- 6. Zion Summit 2 sold · 156d
- 7. Metro 2 sold · 98d
- 8. Skyview 2 sold · 10d
October 2026 by property type
How each housing type performed last month — 167 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 169 | 223 | -24.22% | 2,173 | 2,314 | -6.09% |
| Median Sale Price | $590,000 | $561,900 | +5.00% | $574,718 | $545,862 | +5.29% |
| Median DOM | 34 | 20 | +70.00% | 20 | 22 | -9.09% |
| Sale-to-List Ratio | 97.74% | 98.36% | -0.63% | 98.43% | 98.71% | -0.28% |
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.