Published October 27, 2026 in Market Update

More homes are for sale, but buyers are still moving in key parts of the market

By Connie Roller

Real estate, Primary market

The one number that matters most right now: months of supply. The Real Estate Data Aggregator counted just 2.7 months of supply in ZIP 84104 and 84108 for the three months ending August 31, 2026. In ZIP 84101, that same measure hit 7.7 months. Those two numbers describe very different markets, even though they sit in the same metro.

For sellers, the slower parts of the market mean sharper pricing matters more than ever. For buyers, more supply gives you more time to compare, but the tightest ZIP codes can still move quickly.

How much supply does your ZIP code have?

The National Association of Realtors reported that inventory nationally rose to 1.60 million homes in September 2026. That is a real increase. But the local picture is more mixed, and your ZIP code tells a different story than the national headline.

The tight end: 84104, 84108, 84121, and 84123

ZIP 84104 in Salt Lake City had just 2.7 months of supply, per the Real Estate Data Aggregator. That is actually down 0.2 months from a year ago. Homes there sold in a median of 32 days. Nearly 1 in 5 sold above list price.

ZIP 84108 also sat at 2.7 months of supply, down 1.3 months from last year, according to the Real Estate Data Aggregator. Homes sold in a median of 30 days. The median sale price was $990,000, up 6.4% from a year ago. Sales jumped 38.9% year over year.

ZIP 84121 had 3.1 months of supply. Nearly half of all homes, 48.9%, went under contract within two weeks of listing, per the Real Estate Data Aggregator. That share rose 6.8 points from a year ago. Homes there sold in a median of 30 days.

ZIP 84123 also had 3.1 months of supply. Homes sold in a median of 29 days, 9 days faster than a year ago. The Real Estate Data Aggregator counted 34.6% of homes going under contract within two weeks.

The slower end: 84101, 84102, and 84111

ZIP 84101 had 7.7 months of supply for the three months ending August 31, 2026, the highest of any ZIP code in this market, per the Real Estate Data Aggregator. Homes sat a median of 71 days before selling. That is 12 days longer than a year ago. The median sale price held at $545,000, unchanged from last year.

ZIP 84102 had 7 months of supply. The Real Estate Data Aggregator counted 110 homes for sale there, up 37.5% from a year ago. The median sale price was $552,883, down 13.6% from last year. More supply and a lower price can be a useful combination for buyers who have time to compare.

ZIP 84111 had 6.2 months of supply, up 2 months from a year ago. Homes sat a median of 56 days, 14 days longer than last year. The median sale price was $433,300, up 11.1% from a year ago, per the Real Estate Data Aggregator. Prices rose even as the market slowed a little, which is worth keeping in mind.

The middle of the market: Sandy, Midvale, and Draper

ZIP 84070 in Sandy had 3.5 months of supply. Homes sold in a median of 32 days, 9 days faster than a year ago. The median sale price was $531,250, nearly flat from last year.

ZIP 84092 in Sandy had 3.4 months of supply, unchanged from a year ago. Sales rose 15.2% year over year. The median sale price was $946,000, up 2.3%, per the Real Estate Data Aggregator.

ZIP 84047 in Midvale had 4.3 months of supply. Homes sat a median of 45 days, 11 days longer than a year ago. Prices edged up 1.1% to $480,000.

ZIP 84020 in Draper had 4.6 months of supply, up 1.3 months from a year ago. The Real Estate Data Aggregator counted 197 homes for sale there, up 20.1%. Homes sat a median of 48 days. The median sale price dipped 3.3% to $819,000.

How fast are homes going under contract?

What the national picture adds

The National Association of Realtors reported existing-home sales reached 3.99 million units in September 2026. Nationally, existing-home prices rose 1.3% from a year ago. Freddie Mac put the average 30-year fixed mortgage rate at 7.32% as of October 22, 2026. That rate shapes what buyers can afford, and it is something both sides of a deal need to account for.

What this means for you

If you own in a ZIP code with 5 or more months of supply, like 84101, 84102, 84111, or 84117, pricing needs to be sharp. Buyers there have more homes to compare. Homes that sit too long tend to attract lower offers.

If you own in 84104, 84108, 84121, or 84123, the market is tighter. More than a third of homes in those areas went under contract within two weeks. That does not mean every home sells fast, but well-priced homes in good condition have a real chance.