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Market Intelligence · UT / Salt Lake City

Salt Lake City, UT 84116 Housing Market

Homes in Salt Lake City 84116 have a typical value of $446,721, up 0.8% over the past year. The median list price stands at $444,750, with homes staying on the market for a median of 39 days as of September 2026.

Updated September 2026Median value$447K

The median home value in Salt Lake City, UT 84116 is $447K as of September 2026, up 0.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 84116 range

$411K to $482K

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

+0.8% over 12 months

Typical home value in 84116 over the last 12 months: $443K in Sep 2025 to $447K in Sep 2026 (+0.8%).

Sep 2025$443K

Sep 2026$447K

The numbers

What is the 84116 housing market like?

Typical home value

$447K

Up0.8%YoY

Median list price

$445K

Up8.6%MoM

Days on market

39

Down18.7%MoM

Homes for sale

55

Up19.6%MoM

Price cuts

38.4%

Up4.4%MoM

New listings

20

Down28.6%MoM

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

The outlook

84116 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 84116 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 84116 rose 0.8%, per the Zillow Home Value Index.

Will home prices drop in 84116?

Zillow's forecast does not call for a drop: it expects typical home values in 84116 to rise 1.0% by September 2027, after a 0.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 84116 home prices compare?

  • 84116$446,721
  • Salt Lake City$530,296
  • Utah$497,454
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Salt Lake City: 18 ZIPs; Utah: 186 ZIPs; United States: 26,262 ZIPs).

Context

The market in 84116 shows steady but modest growth. With 55 homes for sale and 20 new listings in September 2026, there is moderate inventory available. The median days on market of 39 suggests reasonable demand, though the picture becomes more complex when looking at price pressure. About 38.4% of listings have seen a price cut, which indicates that not all homes are moving at their initial asking price. For sellers, this means pricing right from the start matters more than it did in hotter markets.

Monthly payment

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20% · $89,344

Common questions

What people ask us.

What is the typical home value in 84116?

The typical home value in Salt Lake City 84116 is $446,721, up 0.8% over the past year as of September 2026.

How many homes are currently for sale in 84116?

There are 55 homes for sale in 84116 as of September 2026, with 20 new listings that month.

How long do homes typically stay on the market here?

The median days on market in 84116 is 39 days as of September 2026.

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