Salt Lake County Housing Market Report: October 2026
Salt Lake County median price down 2.4% from a year ago, and homes are taking 7 days longer to sell
Salt Lake County closed 801 homes in October 2026, 24% fewer than October 2025. The median sale price was $548,400 (-2.4% year over year), and the typical home took 45 days to go under contract (last year: 38). 64% of buyers got seller concessions, with a median of $11,000.
Prices: this year vs. last year
Median sale price by month. The solid line is the last 12 months and the dashed line is the same months a year earlier.
Homes sold per month
11,865 homes closed over the last 12 months, down 0.8% from the 12 months before (11,964).
Three markets in one: under $500K, $500K–$1M, and $1M+
The county median hides very different conditions at different prices. Here is how each price range performed in October 2026.
| Under $500K | $500K–$1M | $1M+ | |
|---|---|---|---|
| Homes sold in October | 317 | 412 | 74 |
| Share of all sales | 39% | 51% | 9% |
| Median sale price | $410,000 | $643,244 | $1,387,000 |
| Median days to contract | 50 | 47 | 40 |
| Sale-to-original-list | 97.3% | 97.6% | 96.2% |
| Sold at or above asking | 51% | 43% | 28% |
| Sales with concessions | 68% | 64% | 43% |
| Median concession | $10,000 · 2.5% of price | $12,000 · 1.9% of price | $15,000 · 1.2% of price |
Seller concessions: what sellers are really negotiating
The sale price on paper isn't the whole deal. Many Salt Lake County sellers are also covering part of the buyer's closing costs, paying for a rate buydown, or giving a repair credit. In October, 64% of closed sales included a seller concession. When one was given, the median was $11,000, about 2.2% of the sale price.
How big were the concessions?
By property type
By price range
On a median October sale of $548,900, a $11,000 concession means the seller really nets about $537,900, before commissions and closing costs. Build it into your pricing plan from day one.
Days to contract
The median Salt Lake County home went under contract in 45 days in October, compared with 38 days a year ago. 32% of homes went under contract within 30 days. Once under contract, the median home closed 27 days later.
Median days to contract, by month
How long October sales took
Negotiating room
In October, the median home sold for 97% of its original list price (a year ago: 94%) and 99.3% of its final list price. 45% sold at or above asking, and 46% had at least one price reduction first.
Chart: median sale-to-original-list price ratio by month.
City by city: October 2026
Cities with at least 8 closed sales this month. Small samples move around from month to month, so read these as a snapshot.
| City | Sales | Median price | Median days | w/ concessions |
|---|---|---|---|---|
| Salt Lake City | 170 | $587,500 | 43 | 54% |
| West Jordan | 80 | $562,000 | 40 | 72% |
| Herriman | 76 | $570,104 | 77 | 80% |
| South Jordan | 72 | $599,500 | 50 | 75% |
| West Valley City | 64 | $460,000 | 48 | 81% |
| Sandy | 62 | $579,950 | 42 | 56% |
| Holladay | 36 | $819,142 | 44 | 44% |
| Draper | 31 | $669,840 | 76 | 45% |
| Murray | 28 | $454,600 | 45 | 46% |
| Riverton | 28 | $591,500 | 57 | 61% |
| Midvale | 27 | $427,000 | 34 | 59% |
| Millcreek | 27 | $579,000 | 51 | 52% |
| Taylorsville | 26 | $515,250 | 69 | 85% |
| Magna | 22 | $427,500 | 28 | 77% |
| Cottonwood Heights | 18 | $737,400 | 67 | 50% |
| Bluffdale | 13 | $542,000 | 70 | 69% |
| Kearns | 13 | $405,000 | 55 | 62% |
| South Salt Lake | 9 | $412,000 | 82 | 78% |
What this means if you own a home in Salt Lake County
Right now the Salt Lake County market is balanced. In any market, the sellers who do best price to this month's sales, not last year's headlines.
- Homes sold for a median of 97% of their original list price. Getting the price right on day one matters more than the first price cut.
- 32% of October sales went under contract within 30 days. Once a listing goes past 60 days, sellers usually give up more in price and concessions.
- About 64% of sales included seller-paid concessions (median $11,000). Put that number in your net sheet before you list.
- The fastest-moving price range was $1M+ (40 days). The slowest was Under $500K (50 days).
What is your Salt Lake County home worth this month?
A county median averages thousands of different homes. We'll price yours against this month's actual sales near you: what similar homes really closed for, the concessions buyers are getting, and how fast your price range is going under contract.
Methodology
Closed residential sales (single-family, twin, townhouse and condo) in Salt Lake County from the Wasatch Front Regional MLS. Monthly trends, sales counts, median prices, days on market and sale-to-original-list ratios come from the MLS Sales Per Month report. That report includes listings priced $15,000–$10,000,000 and excludes sales that closed more than 25% away from list price. Price ranges, seller concessions, the days-to-contract breakdown and city figures come from individual October sales, grouped by final sale price. "Seller concession" means any amount in the MLS Sold Concessions field. Days to contract is MLS Days on Market. Figures may change slightly as late sales are reported.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. for the period ending 10/31/2026. This information was not verified or published by the MLS, is deemed reliable but not guaranteed, and may not reflect all real estate activity in the market.
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