The short version
Here is this report in plain English.
Prices held about steady through September. The typical home that sold from July through September went for about $560,000. The Utah Association of REALTORS® put the September 2026 median at $553,600, a little below a year earlier. Most of those prices were agreed before loan rates climbed in September.
Price cuts are common. On October 14, 2026, more than half the homes for sale had cut their price at least once. The typical home for sale had been on the market about 8 weeks.
Buyers have more choices. Realtor.com counted about 17% more homes for sale in the county in September 2026 than a year earlier.
The market is close to balanced. By my estimate, the homes for sale on October 14, 2026 would take about 3.6 to 3.9 months to sell at the July through September pace. Many people call 4 to 6 months balanced, so the county sits just under that.
Loans cost more. Freddie Mac's weekly average for a 30-year mortgage reached 7.40% on October 8, 2026. That was the highest since November 2023. A higher rate means the same monthly budget buys a smaller loan.
If you're selling. Price it right the first time. From July through September, the typical home still at its first asking price or higher sold in 18 days. The typical home that cut its price took 70 days. It sold for about 6% under its first asking price. Homes that start too high tend to sit, then get cut.
If you're buying. Almost two in three sales from July through September came with money from the seller. It went toward the buyer's closing costs or a lower interest rate. When sellers paid, the typical amount was $10,000. In my read, there is room to negotiate right now.
The full numbers and their sources follow.
The full report
This is my October 2026 report. There was no September report. This one covers homes that closed from July 1 through September 30, 2026, plus the active listings in my MLS pull of October 14, 2026. Unless I say otherwise, local figures come from that pull, limited to Salt Lake County listings. Closed sales and actives both leave out distressed listings, such as short sales and foreclosures. Outside figures carry their own source and date.
The headline numbers
From July through September 2026, my pull shows 2,558 closed sales in the county. The median sale price was $559,945. The median sale came in at 98.0% of original list price and 99.8% of final list price. The median time on market was 37 days.
Those two ratios measure different things. Sale-to-original compares the sale price with the first asking price. Sale-to-final compares it with the last asking price, after any cuts. Of the 2,558 closings, 22.7% sold above their final list price.
On October 14, 2026, my pull showed 3,526 active listings in the county, at a median list price of $560,000. The July through September pace in my pull was about 853 closings a month. At that pace, the actives come to 4.1 months of supply.
A common industry rule of thumb, and the one my homepage Market Snapshot uses, calls 4 to 6 months of supply balanced. Below that range the market tends to lean toward sellers, and above it toward buyers. By that yardstick the county sits at the bottom edge of the balanced range, and likely a little under it (see the note on my data below). That read needs a caveat. Closings usually slow in the fall, and the same actives against a slower pace would read as more supply. In its September report for the county, the Utah Association of REALTORS® (UAR) put supply at 4.2 months, measured its own way (UAR/ShowingTime Local Market Update, current as of October 10, 2026).
A note on my data. My weekly MLS pull missed some closings from mid-August through mid-September. Agents often enter a sale a few days after it closes. In that stretch, each weekly pull looked back only to the pull before it. A sale entered late could fall between the two. Checked against UAR's monthly totals and against how late sales get entered, my July through September count runs roughly one closing in ten short. So the supply figures in this report read a little high. That goes for the county and for each city. My estimate puts the county nearer 3.6 to 3.9 months. The medians and percentages should hold. By my check, adding the missing sales back would move them very little.
The Market Snapshot on my homepage uses a longer set of closings, so its medians differ from these.
What changed since my August report
Rates climbed. The 30-year rate was 7.40% as of October 8, 2026 (Freddie Mac weekly average, via FRED). The same average was 6.66% on August 27, 2026, and it rose in each of the six weeks since. At 7.40%, it was the highest weekly average since November 2023. Daily indexes tend to run higher. Mortgage News Daily's 30-year index read 7.50% on October 8, 2026, and 7.56% on October 14 (Mortgage News Daily, read October 14, 2026).
The Federal Reserve raised its target range by a quarter point on September 16, 2026, to 3.75% to 4% (Federal Reserve statement, September 16, 2026). It has not announced a rate decision since. Its next scheduled meeting is October 27 and 28, 2026 (FOMC calendar).
In plain English, a higher rate makes the same loan cost more each month. The same budget then carries a smaller loan. In my read, that usually reaches prices slowly, through longer listing times and more negotiation. These are published averages and indexes. The rate on a given loan depends on the loan and the lender.
Little of this shows in the closed sales above yet. The September closings in my pull went under contract at a median date of August 20, 2026. Fewer than 4 in 100 of them went under contract on or after September 16. The October 14 actives in the gauges below came after the hike.
Pressure gauges
Four gauges show how much room sellers still have on price. Each figure below comes from my October 14 pull unless I give another date.
Price cuts. Of the 3,526 county actives on October 14, 2026, 55.1% were listed below their original list price. On September 28, 2026, the county share was 55.6%. The share held about steady.
Time on market. On October 14, 31.3% of the county actives had been on the market more than 90 days. The median active listing had been on the market 57 days.
Seller concessions. Of the 2,558 closings from July through September 2026, 64.6% included a seller concession. In the MLS, that field records closing-cost or rate help from the seller. Among the closings with a concession, the median concession was $10,000. As a share of each home's own sale price, the median was 1.96%.
Uncut or cut before the sale. Of those 2,558 closings, 1,511 were still listed at or above their original price when they went under contract. They sold in a median of 18 days, at a median of 100.0% of the original price. The other 1,047 were cut before they sold. They took a median of 70 days and sold for a median of 94.2% of the original price. That comparison is not clean. Homes that sit tend to get cut, and a cut home sells under its first price almost by definition.
What other sources show
UAR's September report counted 990 closed sales in Salt Lake County, down 11.0% from September 2025. The median price was $553,600, down 1.1% on the year (UAR/ShowingTime, current as of October 10, 2026). Read both drops with care. The newest month in that report is a first print, compared with a year-ago month that has since been revised upward. September 2025 first printed at 1,053 closings and a $555,000 median (UAR/ShowingTime, September 2025 edition). First print against first print, closings are down about 6% and the median is down 0.3%.
Contracts fell faster. The same report counted 717 pending sales in September 2026, down 28.6% from a revised 1,004 for September 2025. That year-ago month first printed at 838 (UAR/ShowingTime, September 2025 edition). First print against first print, pending sales were down about 14%. In my read, pending sales tend to show a rate change first.
Realtor.com counted 3,529 active listings in the county in September 2026, its highest monthly count since the series began in July 2016 (Realtor.com via FRED, updated October 1, 2026). That was up 17.2% from a year earlier. Realtor.com counts listings its own way. Its September figure sits close to my October 14 count of 3,526, but the two are separate counts.
Distress looked low in the county. The county's rate of mortgages 90 or more days past due was 0.5% in December 2025, still the latest county figure (CFPB mortgage performance data). ATTOM's August 2026 ranking of foreclosure rates by state named four Utah counties with the highest rates, and Salt Lake County was not one of them (ATTOM, foreclosure rates by state, August 2026). Utah ranked 9th among the states on that list. In my read, the county figures point to slow repricing.
Two loan limits, as list-price lines
Two loan limits are worth knowing as price lines. For 2026, the FHA limit for a one-unit home in Salt Lake County is $637,100 (HUD FHA mortgage limits, effective January 1, 2026). The 2026 conforming limit for a one-unit home in the county is $832,750 (FHFA, announced November 25, 2025). A loan above it is a jumbo loan. As of October 14, 2026, neither agency had announced its 2027 limits.
Both limits cap the loan amount, not the price. Of the county's 3,526 active listings on October 14, 2026, 2,146 (60.9%) were listed at or under $637,100. At or under $832,750, the count was 2,830 (80.3%).
These are list-price counts. They don't show which homes a given loan can finance. That depends on the loan and on the property. A condo also needs FHA approval, and you can check a building's project status on HUD's condo approval lookup. For scale, 341 of the 2,558 closings from July through September 2026 (13.3%) list FHA as the financing type in the MLS.
The 13 markets in my monthly table
Every column except months of supply comes from my October 14, 2026 pull. Months of supply measures those actives against the July through September 2026 pace of closings, and it reads a little high this month (see the note on my data). Rows run from most actives to fewest.
| Market | Actives | Median list | Months of supply | Share of actives cut |
|---|---|---|---|---|
| Salt Lake City | 746 | $522,500 | 4.6 | 59.1% |
| South Jordan | 402 | $589,945 | 4.1 | 52.0% |
| Herriman | 340 | $599,900 | 4.3 | 42.9% |
| Sandy | 259 | $689,900 | 3.4 | 62.5% |
| Murray | 161 | $535,000 | 7.0 | 64.0% |
| Draper | 132 | $812,500 | 5.1 | 63.6% |
| Millcreek | 130 | $632,450 | 4.3 | 55.4% |
| Holladay | 127 | $895,000 | 4.7 | 49.6% |
| Midvale | 127 | $480,000 | 6.0 | 52.8% |
| Riverton | 97 | $625,000 | 2.6 | 51.5% |
| Cottonwood Heights | 80 | $850,000 | 3.5 | 62.5% |
| Bluffdale | 59 | $624,999 | 3.9 | 59.3% |
| White City | 3 | n/a | n/a | n/a |
White City is the exception. It had 3 active listings on October 14, 2026, and only 1 closed sale in the six months through September 30, 2026. That is too few for a median or a supply figure to mean much, so I comp it against neighboring Sandy.
The city market pages on this site use a rolling 90-day window of closings, and each page states its own dates, so their figures differ from this table.
Three takeaways for October
1. In my read, the first price still shows up in the result. From July through September, homes still at or above their first price sold in a median of 18 days. Homes cut before the sale took a median of 70 days and sold for a median of 94.2% of the first price. At the median, that is 52 more days on market and 5.8 points less against the original price. The groups are not a clean test, since homes that sit tend to get cut. The work still happens up front. I run the comps first, then we launch once, at a price the evidence can defend.
2. Supply depends on the city. Leaving out White City, the markets in my table run from 2.6 months in Riverton to 7.0 in Murray. Midvale also sits above 5 months, and Draper is close to 5. A countywide figure hides that spread.
3. The hike is barely in these sales. Most September closings went under contract in August, before the hike. Most contracts written since then are still pending. First print against first print, UAR's September pending count was down about 14% on the year. Until those contracts close, I'd weigh the October 14 gauges above the July to September medians.
Your street's numbers
The cities in my table run from 2.6 to 7.0 months of supply. A single street can sit well off either figure. If you are thinking about buying or selling this fall, ask me for the comps on your street. I run them myself. I'll give you a straight answer on what they show.
Mike
Based on information from UtahRealEstate.com for the period April 1, 2026 through September 30, 2026, with active listings as of September 28 and October 14, 2026.