The median price of a single-family home in Salt Lake County climbed to $645,000 in the second quarter of 2026, the Salt Lake Board of Realtors said in a news release Tuesday.

That’s up 4.88% from last year, marking the highest quarterly median price on record, according to the board, which attributed the increase to continued demand despite high mortgage rates.

“The data show continued demand for single-family homes despite affordability challenges and elevated borrowing costs,” the board said in the news release.

That’s even though new home listings of all types increased in Salt Lake County by 3.56% year over year, which provided buyers with more choices. However, homes also took longer to sell, the board said, with an average cumulative days on market increasing from 45 to 48 days.

Home prices in Utah have stayed elevated — taken to new heights after a dramatic surge in 2021 after the COVID-19 pandemic and its low interest rates spurred a home buying frenzy in the West, including in Utah.

Even though that frenzy has since slowed and mortgage rates bumped up amid efforts to tamp down on inflation — and continue to linger above 6% for 30-year mortgages — demand for homes continues to outpace supply, especially in Salt Lake County.

Utah has long grappled with a housing shortage that has put constant upward pressure on home prices. Even though the governor in 2024 set an ambitious goal for the state to see 35,000 more starter homes built by 2028, progress has been slow.

According to the state’s dashboard created to track housing starts, about 7,412 have been built toward that goal as of Tuesday, with most (3,825) concentrated in Utah County.

However, the data also shows that as home builders are incentivized to build more affordable housing types like condos or townhomes at lower price points, that could be driving prices down for those types of homes in some areas.

Prices for Salt Lake condos dip slightly

While demand for single-family homes is hot, other housing types are seeing a different dynamic — and even some slight price decreases.

In Salt Lake County, 862 condominiums were sold during the second quarter of 2026, up 4.11% from 828 a year earlier. However, the median condominium price fell 2.81%, from $430,000 to $417,900.

“The combination of rising condominium sales and a lower median price may reflect buyers’ continued search for more affordable alternatives to single-family homes,” the Salt Lake Board of Realtors said. “At the countywide median, a condominium sold for approximately $227,000 less than a single-family home during the quarter.”

That could be because of increased supply for lower-priced housing types as Utah policymakers try to push homebuilders to construct more affordable homes.

Under a new first-time homebuyer program created by the Utah Legislature in 2023, qualifying Utahns can get up to $20,000 in 0% interest loans for down-payment assistance or mortgage rate buy-downs if they’re buying a newly built home that doesn’t cost more than $450,000.

Prices dip in other counties

Even though demand for single-family homes in Utah’s urban core remains hot, it’s a mixed bag for other counties along the Wasatch Front, according to this data from the Salt Lake Board of Realtors:

• Davis County: Single-family home sales fell 2.76% to 774 sold this quarter, while the median price dropped slightly, by 1.57% to $568,450. Condominium sales sank by nearly 15%, but the median price increased 1.71% to 416,000.
• Utah County: Single-family home sales were relatively stable, increasing less than 1% to 1,650, while their median price declined 0.83% to $600,000. Condominium sales also fell sharply, dropping 22.53%, while their median price remained flat at $399,990.
• Weber County: Single-family home sales dropped by 4.42% to 757, but their median price rose 3.11% to $499,000. Condominium sales also increased 2.34%, while their median price declined slightly to $358,000.
• Tooele County: Single-family home sales increased 7.24% to 326 — the largest percentage gain among the counties the Salt Lake Board of Realtors reviewed — but the median price dropped 1.52% to $487,495. Condominium sales also fell 8%, while the median price increased 1.55% to $370,950.

To the Salt Lake Board of Realtors, the mixed housing conditions show the Wasatch Front’s housing market “remains active, although conditions continue to vary by county, housing type and community.” Salt Lake County, however, clearly showed the strongest growth in single-family home sales and price increases.

Where are the Wasatch Front’s most expensive homes?

Among the Wasatch Front counties included in the Salt Lake Board of Realtors’ analysis issued Tuesday, the ZIP codes with the top five highest median sale prices of single-family homes in the second quarter of 2026 included:

1. Alpine, with a median sale price of $1.55 million
2. Huntsville, $1.36 million
3. Eden, $1.34 million
4. Emigration Canyon, $990,000
5. The Avenues in Salt Lake City, $956,450

Utah News Dispatch is part of States Newsroom, the nation’s largest state-focused nonprofit news organization.