Market Intelligence · UT / Salt Lake City

Salt Lake City, UT 84116 Housing Market

The typical home value in Salt Lake City, UT 84116 is $451,627, up 0.4% over the past year as of 2026-08-01. The median list price is $409,500, and homes spend a median of 48 days on market. Inventory stands at 46 homes for sale.

Updated August 2026Median value$452K

The median home value in Salt Lake City, UT 84116 is $452K as of August 2026, up 0.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 84116 range

$415K to $488K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.4% over 12 months

Typical home value in 84116 over the last 12 months: $450K in Aug 2025 to $452K in Aug 2026 (+0.4%).

Aug 2025$450K

Aug 2026$452K

The numbers

What is the 84116 housing market like?

Typical home value

$452K

Up0.4%YoY

Median list price

$410K

Down6.4%MoM

Days on market

48

Down2.0%MoM

Homes for sale

46

Up35.3%MoM

Price cuts

36.8%

Up142.8%MoM

New listings

28

Up133.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 84116 home prices compare?

  • 84116$451,627
  • Salt Lake City$534,559
  • Utah$497,284
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Salt Lake City: 18 ZIPs; Utah: 186 ZIPs; United States: 26,265 ZIPs).

Context

Sellers in 84116 are working with 46 homes for sale and 28 new listings as of 2026-08-01. The median list price is $409,500, while the typical home value is $451,627, up 0.4% over the past year. A median of 48 days on market suggests homes are taking several weeks to move. A share of 36.8% of listings carry a price cut, which points to some sellers resetting expectations after the first offer window. If you are pricing to sell, expect buyers to negotiate rather than chase.

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