42Alpha

Salt Lake City, UT metro area Housing Market Brief

metro · UT · as of July 2026

Balanced

What is Salt Lake City, UT metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
45
Inventory Health25%
36
Affordability20%
18
Economic Strength20%
90
Rental Yield15%
17

Where is Salt Lake City, UT metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Salt Lake City, UT metro area is classified as Mature holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Salt Lake City, UT metro area?

Our model forecasts Salt Lake City, UT metro area’s home prices to rise about 2.7% over the next 12 months (high confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Salt Lake City, UT metro area housing market data

MetricValueYoY
Median Sale Price$551K▲ +0.2%
Median Days on Market50 days▲ +4.2%
Months of Supply3.0▲ +3.5%
Homes for Sale3,669-2%
Homes Sold1,223-5.3%
Median Price / Sq Ft$255-0.4%

How has Salt Lake City, UT metro area’s Alpha Score moved?

Now: 42
12-period trend
Median sale price · 12 mo

Markets like Salt Lake City, UT metro area

Frequently asked questions

Is Salt Lake City, UT metro area a buyer's or seller's market?

As of July 2026, Salt Lake City, UT metro area is classified as a Balanced Market, based on its Alpha Score of 42 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Salt Lake City, UT metro area?

The median sale price in Salt Lake City, UT metro area is $551K, having held roughly steady over the past year.

How affordable is Salt Lake City, UT metro area?

Salt Lake City, UT metro area scores 18 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Salt Lake City, UT metro area's Alpha Score?

Salt Lake City, UT metro area's strongest dimension is Economic Strength (90/100) and its weakest is Rental Yield (17/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Salt Lake City, UT metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.