Every month I pull the full MLS dataset for Salt Lake County and go through it myself. Here’s what the market looks like heading into July 2026.
The headline numbers
The median sale price for the second quarter (April through June) landed at $570,000. The median home that sold went for 99.0% of its original asking price, in a median of 30 days.
On the supply side, there are 2,502 active listings across the county right now, with a median asking price of $614,900. Against 2,942 closed sales in Q2, that works out to 2.6 months of supply. A balanced market is typically 4–6 months, so the county as a whole still tilts toward sellers — but only just, and it varies a lot by city. More on that below.
What 6.55% money means for your payment
As of July 16, 2026, the 30-year fixed is sitting at 6.55%. On the county’s median sold price of $570,000 with 10% down, that pencils out to roughly $3,260 a month in principal and interest — before taxes, insurance, and any HOA.
A rule of thumb worth memorizing at this rate: every $25,000 of purchase price moves the payment about $144 a month. Buyers are shopping payments, not prices, and that’s exactly why getting the list price right matters so much this summer.
The affordability shelf: a real opportunity for buyers
Three financing lines quietly shape this market, and knowing where they sit can save you real money:
- FHA reaches to roughly $660,000. Salt Lake County’s 2026 FHA loan limit is $637,100, which with 3.5% down finances a purchase price of about $660K. Right now, 56% of the county’s active listings sit at or under that line.
- Utah Housing (UHC FirstHome) reaches to $666,600. First-time buyers can pair down-payment assistance with a purchase price up to $666,600 — almost exactly the same shelf as FHA.
- The jumbo line sits near $1.04 million. The 2026 conforming loan limit is $832,750; with 20% down that supports a price around $1.04M. Above it, you’re into jumbo loans, where rates and underwriting get tougher.
The takeaway for buyers: if you’re shopping with FHA or a Utah Housing loan, more of this county is within reach than most people assume — entry markets like Midvale are almost entirely financeable at those limits, and there are FHA-eligible pockets even in east-bench areas. And if you’re selling near those lines, a list price just under $660K opens your home to a meaningfully bigger buyer pool than one just over it.
The 13 markets I track, at a glance
Estimated payment is principal and interest with 10% down at 6.55%, on the median list price.
| Market | Actives | Median list | Est. payment | Months of supply |
|---|---|---|---|---|
| Salt Lake City | 596 | $540,000 | $3,050/mo | 2.4 |
| South Jordan | 379 | $599,000 | $3,383/mo | 3.4 |
| Herriman | 365 | $550,000 | $3,106/mo | 4.3 |
| Sandy | 248 | $704,000 | $3,978/mo | 2.8 |
| Draper | 147 | $879,000 | $4,964/mo | 3.9 |
| Murray | 119 | $515,000 | $2,908/mo | 3.2 |
| Millcreek | 111 | $569,000 | $3,213/mo | 3.2 |
| Holladay | 107 | $939,000 | $5,303/mo | 4.0 |
| Midvale | 100 | $445,000 | $2,512/mo | 2.4 |
| Riverton | 96 | $653,000 | $3,686/mo | 2.6 |
| Cottonwood Heights | 70 | $890,000 | $5,025/mo | 2.8 |
| Bluffdale | 62 | $670,000 | $3,783/mo | 3.6 |
| White City | 1 | $465,000 | $2,626/mo | — |
White City is a micro-market — with a single active listing I comp it against neighboring Sandy rather than quoting standalone stats.
Three takeaways for July
1. The first price is the whole game. Countywide, homes that were priced right from day one sold in a median of 15 days. Homes that started high and reduced later took 63 days — two extra months of showings, carrying costs, and doubt — and typically netted less. If you’re selling this summer, price it right the first time.
2. “Balanced” depends on where you’re standing. The county averages 2.6 months of supply, but the spread runs from 2.4 months in Salt Lake City and Midvale to 4.3 in Herriman. Buyers have genuine selection and negotiating room in the southwest valley and at the higher price points; sellers still hold the edge in tight pockets like Sandy, Riverton, and Midvale, where well-priced homes move in three to four weeks.
3. The best buyer opportunity is at the entry level. With FHA reaching about $660K and Utah Housing to $666,600, over half the county’s inventory is financeable with a low down payment. In a market like Midvale — $2,512 a month on the median listing — owning stacks up surprisingly well against renting comparable space.
Let’s talk about your situation
County numbers set the stage, but your street is what matters. If you’re thinking about buying or selling this summer — or just want an honest read on what your home would sell for in this market — reach out and I’ll walk you through it. No pressure, no scripts.
— Mike
