Market Intelligence · UT / Salt Lake City

Salt Lake City, UT 84123 Housing Market

Typical home value in Salt Lake City 84123 is $528,118, up 0.9% over the past year. Homes are listing around a median of $508,450 and staying on market for a median of 61 days.

Updated September 2026Median value$528K

The median home value in Salt Lake City, UT 84123 is $528K as of September 2026, up 0.9% 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 84123 range

$486K to $570K

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

+0.9% over 12 months

Sep 2025$524K

Low $524KHigh $533K

Sep 2026$528K

The numbers

What is the 84123 housing market like?

As of September 2026

Typical home value

$528K

0.9%YoY

Median list price

$508K

3.2%MoM

Days on market

10.9%MoM

Homes for sale

15.6%MoM

Price cuts

30.5%

25.7%MoM

New listings

125.0%MoM

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

The outlook

84123 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 84123 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 84123 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 84123?

Zillow's forecast does not call for a drop: it expects typical home values in 84123 to rise 1.1% by September 2027, after a 0.9% 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 84123 home prices compare?

84123$528,118
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

As of September 2026, there are 74 homes for sale in this ZIP with 36 new listings. The median list price sits at $508,450 while typical home values have gained 0.9% annually. Notably, 30.5% of listings have had a price cut, suggesting sellers are adjusting to market realities. The median days on market of 61 indicates a moderately paced sales cycle. For sellers, the combination of modest appreciation and rising price cuts signals a market where pricing strategy matters.

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Down payment20% · $105,624

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Common questions

What people ask us.

What is the typical home value in 84123?

The typical home value is $528,118, which has increased 0.9% over the past year.

How long do homes typically stay on the market here?

Homes in this ZIP have a median days on market of 61.

What share of homes have price reductions?

As of September 2026, 30.5% of listings have received a price cut.

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