SANDY, Utah — Six of the roughly 100 ZIP codes along the Wasatch Front now have median home prices above $1 million — a sharp jump from just two ZIP codes a year ago, according to the Salt Lake Board of Realtors®.
In the second quarter of 2024, only Huntsville and Eden had median home prices above $1 million. Today, Alpine tops the luxury market at $1.218 million, followed by Eden at $1.100 million and Emigration Canyon at $1.083 million. Rounding out the current high-end markets are Holladay ($1.025 million), the Avenues ($1.005 million), and Draper ($1.000 million). Huntsville, meanwhile, saw its median price slip to $990,000 in the second quarter.
The median price of a single-family home in Salt Lake County decreased slightly to $620,000 in the second quarter — down 1% from $625,000 a year earlier. A separate report from the National Association of Realtors® ranked the Salt Lake Metropolitan Area as the 30th most expensive metro in the nation among 228 markets surveyed.
Home sales in Salt Lake County rose modestly, with 2,381 single-family homes sold in the second quarter — a 4% increase from 2,291 sales a year earlier. The typical home spent 24 days on the market before selling, compared to 17 days last year.
“Prices across the Wasatch Front surged during the pandemic, driven by limited housing supply and strong demand from remote and high-income buyers,” said Claire Larson, president of the Salt Lake Board of Realtors®. “Combine that with Utah’s booming economy, steady job growth, and unmatched quality of life, and it’s clear why demand — and prices — remain strong.”
About the Salt Lake Board of Realtors®
The Salt Lake Board of Realtors® is the Wasatch Front’s voice of real estate and the No. 1 source for housing market information. The Salt Lake Board of Realtors® is the largest shareholder of UtahRealEstate.com, one of the leading Multiple Listing Services (MLS) in the United States. Since 1917, the Salt Lake Board of Realtors® has been a leader in promoting homeownership and protecting private property rights. The Salt Lake Board of Realtors® empowers its members to better serve the public by providing continuing education, advocacy, and a professional code of ethics.
About UtahRealEstate.com
Founded in 1994, UtahRealEstate.com is the leading provider of real estate technology in Utah and one of the largest multiple listing services in the United States. The company provides one of the top-ranked real estate websites in the country, serving more than 8 million consumers each year. It also provides multiple listing services to approximately 20,000 real estate professionals, accounting for nearly 97% of all Realtors® in the state of Utah.