Market Intelligence · UT / Salt Lake City

Salt Lake City, UT 84118 Housing Market

The typical home in Salt Lake City, UT 84118 is worth $443,834, down 1.0% over the past year as of 2026-08-01. The median list price is $442,450, and homes spend a median of 43 days on market. This is a market where values have softened slightly.

Updated August 2026Median value$444K

The median home value in Salt Lake City, UT 84118 is $444K as of August 2026, down 1.0% 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 84118 range

$408K to $479K

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

-1.0% over 12 months

Typical home value in 84118 over the last 12 months: $448K in Aug 2025 to $444K in Aug 2026 (-1.0%).

Aug 2025$448K

Aug 2026$444K

The numbers

What is the 84118 housing market like?

Typical home value

$444K

Down1.0%YoY

Median list price

$442K

Up3.5%MoM

Days on market

43

Down12.2%MoM

Homes for sale

55

Down1.8%MoM

Price cuts

23.9%

Down39.9%MoM

New listings

32

Down5.9%MoM

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

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The comparison

How do 84118 home prices compare?

  • 84118$443,834
  • 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

As of 2026-08-01, there are 55 homes for sale in 84118, with 32 new listings entering the market. The median list price sits at $442,450, just under the typical home value of $443,834. Homes are taking a median of 43 days to sell. Meanwhile, 23.9% of listings have taken a price cut, which lines up with values being down 1.0% over the past year. For a seller, the takeaway is simple: price accurately from the start, because buyers here are pushing back on ambitious asking prices.

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