Silver Summit, UT Housing Market

Homes for sale

The Silver Summit housing market is not very competitive. The median sale price of a home in Silver Summit was $3.6M last month, down 8.9% since last year.

Trends
Demand
Migration
Schools
Climate

Silver Summit Housing Market Trends

What is the housing market like in Silver Summit today?

In October 2024, Silver Summit home prices were down 8.9% compared to last year, selling for a median price of $3.6M.

$5.8M

Sale Price

$903

Sale $/Sq. Ft.

Under List Price

5.3%

Days on Market

107

Down Payment

—

Total Homes Sold

To compare other locations to the Silver Summit and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Silver Summit add value to a home.

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How hot is the Silver Summit housing market?

Silver Summit is not very competitive. Homes sell in 107 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 107 days.
Hot homes
can sell for about 3% below list price and go pending in around 35 days.

Compare With Nearby Cities

Salt Lake City

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 37 days.
Hot homes
can sell for around list price and go pending in around 12 days.

Park City

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 64 days.
Hot homes
can sell for about 1% below list price and go pending in around 31 days.

See more nearby cities and neighborhoods

Silver Summit Migration & Relocation Trends

In Sep '24 - Nov '24, 31% of Silver Summit homebuyers searched to move out of Silver Summit, while 69% looked to stay within the metropolitan area.

Where are people moving to Silver Summit from?

Across the nation, 0.55% of homebuyers searched to move into Silver Summit from outside metros.
Los Angeles homebuyers searched to move into Silver Summit more than any other metro followed by San Francisco and Seattle.

Where are people from Silver Summit moving to?

69% of Silver Summit homebuyers searched to stay within the Silver Summit metropolitan area.
Austin was the most popular destination among Silver Summit homebuyers followed by San Antonio and St. George.

Number of People Moving to Silver Summit

least

most

People are moving to Silver Summit from

Inbound		Net inflow
Metros		Sep '24 - Nov '24
1	Los Angeles, CA	842
2	San Francisco, CA	320
3	Seattle, WA	246
4	San Diego, CA	202
5	Washington, DC	175
6	Denver, CO	146
7	New York, NY	111
8	Chicago, IL	110
9	Las Vegas, NV	69
10	Miami, FL	45

People are leaving Silver Summit for

Outbound		Net outflow
Metros		Sep '24 - Nov '24
1	Austin, TX	529
2	San Antonio, TX	487
3	St. George, UT	383
4	Logan, UT	144
5	Boise, ID	94
6	McAllen, TX	90
7	Corpus Christi, TX	87
8	Idaho Falls, ID	82
9	Killeen, TX	60
10	Spokane, WA	51

Methodology

This data does not reflect actual moves. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.

Schools in Silver Summit

Learn about schools in the Silver Summit area

Elementary
Middle
High

GreatSchools Rating

Silver Summit School

Public • K-5

Students

N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Silver Summit housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Silver Summit.

Heat Factor - Minor

90% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Silver Summit

New Listings in Silver Summit

Neighborhood Housing Markets

Nearby City Housing Markets

Zip Code Housing Markets

84098 Housing Market

Neighborhood Listings

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Zip Code Listings

84098 Real Estate

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