The Salt Lake City Central Business District housing market is somewhat competitive. The median sale price of a home in Salt Lake City Central Business District was $550K last month, up 23.6% since last year. The median sale price per square foot in Salt Lake City Central Business District is $503, up 8.4% since last year.
Salt Lake City Central Business District Housing Market Trends
What is the housing market like in Salt Lake City Central Business District today?
In March 2024, Salt Lake City Central Business District home prices were up 23.6% compared to last year, selling for a median price of $550K. On average, homes in Salt Lake City Central Business District sell after 65 days on the market compared to 59 days last year. There were 7 homes sold in March this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$549,800
+23.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Salt Lake City Central Business District, UT
$549,800
+23.6%
United States
To compare other locations to the Salt Lake City Central Business District and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salt Lake City add value to a home.
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How hot is the Salt Lake City Central Business District housing market?
Salt Lake City Central Business District is somewhat competitive. Homes sell in 43.5 days.
0
100
47
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 44 days.
Hot homes
can sell for about 2% below list price and go pending in around 24 days.
Schools in Salt Lake City Central Business District
Learn about schools in the Salt Lake City Central Business District area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Salt Lake City Central Business District housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Salt Lake City Central Business District.
Risk Factor
Flood Factor - Extreme
76% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salt Lake City Central Business District has an extreme risk of flooding. 520 properties in Salt Lake City Central Business District are likely to be
severely affected
by flooding over the next 30 years. This represents 76% of all properties in Salt Lake City Central Business District. Flood risk is increasing slower than the national average.
37% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salt Lake City Central Business District has a moderate risk of wildfire. There are 404 properties in Salt Lake City Central Business District that have some risk of being affected by wildfire over the next 30 years. This represents 37% of all properties in Salt Lake City Central Business District.
Salt Lake City Central Business District has minimal risk of severe winds over the next 30 years
Wind Factor
Salt Lake City Central Business District has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Salt Lake City Central Business District has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Salt Lake City Central Business District have a Moderate Heat Factor®.
Salt Lake City Central Business District is expected to see a 171% increase in the number of days over 95ºF over the next 30 years. Salt Lake City Central Business District is expected to experience 8