Market analytics
South Salt Lake, 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
June 2026 · Market Analysis
Latest published analysis. September 2026 commentary publishes on Oct 5.
South Salt Lake's June closings averaged just 5 days on market — the fastest pace in over a year.
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The defining number in South Salt Lake's June 2026 market is 5 — the median days on market, down from 17 in May and a dramatic reversal from the 28-day pace recorded in June 2025. Homes that found buyers did so almost immediately, with three-quarters of closings going under contract within 12 days. The catch: only 10 homes closed, compared to 16 in May and 17 a year ago, so the speed reflects a thin, competitive slice of the market rather than broad activity.
Market pulse
After a slow winter — just 5 closings each in January and February — South Salt Lake's volume recovered through spring before pulling back to 10 in June. What changed most dramatically was pace: median days on market went from 103 in January to 22 in March, held near 17–24 through April and May, then compressed to just 5 in June. The sale-to-list ratio eased slightly to 99% from April's 100.53%, meaning buyers are no longer routinely bidding over asking, but the gap between the median list price ($475,000) and the median sale price ($513,250) tells a different story — what's actually closing is priced well above the active shelf, suggesting the homes that moved were the stronger, better-positioned listings. Active inventory held steady at 31 homes, essentially flat since April.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% average, reaching 6.66% in June and now sitting at 6.875% — up 0.125 percentage points over the past 30 days. That trajectory is compressing what buyers can afford, particularly in a city where the median sale price crossed $513,000 in June. FHA financing at 6.375% remains the most accessible path for buyers who qualify, and VA-eligible buyers near Hill AFB or other military employers can still access 6.5%.
Payment math
At $513,000 with 20% down, the monthly principal-and-interest payment runs $2,697 at today's 6.875% — $34 more than 30 days ago when the rate was 6.75%, and $198 above the February low when rates averaged 6.14% and that same loan would have cost $2,499 a month.
If you're buying
With a median of just 5 days on market, well-priced homes in South Salt Lake are not waiting around — get pre-approved and be ready to move within 48 hours of a new listing hitting. That said, 5 of the 10 June closings went below list price, so there's still room to negotiate on homes that don't generate immediate interest. The District and Plat A Big Field Sur neighborhoods both saw closings in June; if you're targeting the $500K–$620K range along the Millcreek corridor, those pockets are worth watching closely for new inventory.
If you're selling
June's speed is real, but it's concentrated — only 10 homes closed, and the ones that moved fast were priced right relative to recent comparable sales in the $500K–$620K range. Price to where the market is actually closing (the median sale came in at $513,250), not to the active list median of $475,000, which skews lower because slower-moving homes are still sitting. If your home is in Terra Sol PUD or near the Riverfront corridor, condition and presentation matter more than ever when buyers are making decisions in under a week.
Outlook
Rates averaging 6.66% in June and now at 6.875% will keep some buyers on the sidelines heading into late summer, and the 10-closing pace in June suggests the pool of ready, qualified buyers is narrower than it was in April and May. Inventory at 31 active homes is manageable, but if new listings continue running near 19 per month while closings stay in the 10–12 range, the supply balance will gradually shift toward buyers. Sellers who price accurately now — before that shift becomes more pronounced — are in the stronger position.
Watch for
At the current pace of new listings (19 in June) outrunning closings (10), active inventory could climb past 40 homes by September, which would likely push the sale-to-list ratio toward the mid-97% range and give buyers meaningful negotiating room for the first time since winter.
"Five days to contract, higher prices, fewer closings — South Salt Lake's June was quick, selective, and expensive."
Common questions about South Salt Lake this month
Is South Salt Lake a buyer's or seller's market in June 2026? ▾
It's closer to a seller's market for well-priced homes, but with an asterisk. The median days on market was just 5, and the sale-to-list ratio held at 99% — both seller-friendly signals. But only 10 homes closed, and half went below list price, which means buyers do have leverage on anything that doesn't generate immediate competition.
Why did so few homes close in June if they're selling so fast? ▾
Speed and volume are separate things here. The homes that found buyers moved quickly — a median of 5 days — but the pool of ready, qualified buyers is smaller than it was in April and May, when 15 and 16 homes closed respectively. Rising rates (now at 6.875%) are keeping some buyers on the sidelines, which narrows the field even as the remaining buyers act decisively.
What price range is most active in South Salt Lake right now? ▾
The $400K–$700K band carried June's market — 7 of the 10 closings fell there, with a median sale price of $546,500 and a median of just 4 days on market. The under-$400K segment saw only 2 closings at a median of $254,475, and those took 14 days. If you're shopping above $700K, just one home closed in that range in June, at $700,000.
How much more does it cost to buy in South Salt Lake now versus earlier this year? ▾
Financing a median-priced home with 20% down runs $2,697 a month in principal and interest at today's 6.875% rate. That's $198 more per month than it would have been in February when rates averaged 6.14% — a meaningful difference on a $513,000 purchase. The rate has climbed steadily from 6.14% in February through 6.66% in June to the current 6.875%.
Which neighborhoods in South Salt Lake are seeing the most activity? ▾
Plat A Big Field Sur led June with 2 closings at a median sale price of $619,200 and 11 days on market. The District and Terra Sol PUD each had one closing, at $555,000 and $700,000 respectively. These areas along the central and eastern parts of the city — within easy reach of the I-15 corridor and the broader Salt Lake City job base — are where the most competitive transactions are happening.
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
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
3 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 107 · 25th percentile 88 · 75th percentile 125
Needed a price change
Sold listings that had a recorded price change before close
2 of 3 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. Granite 1 sold · 144d
- 2. Villa Chablis West 1 sold · 69d
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 3 | 12 | -75.00% | 74 | 112 | -33.93% |
| Median Sale Price | — | $532,450 | — | $483,679 | $446,187 | +8.40% |
| Median DOM | 107 | 24 | +345.83% | 27 | 34 | -20.59% |
| Sale-to-List Ratio | — | 99.74% | — | 99.18% | 99.07% | +0.11% |
Past months
Browse historical South Salt Lake reports — each month's snapshot stays at its own permanent URL.
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.