Sell My House Fast in Salt Lake, UT with an iBuyer

Market Overview

Salt Lake, UT Home Value Estimates

Salt Lake City is known by its picturesque location on the Jordan River at the southeastern end of Great Salt Lake and surrounded by the Wasatch Mountain Range which rises a mile above the Salt Lake Valley floor. The city was originally founded by Brigham Young and continues to be the world headquarters of the Mormons. With over a dozen ski areas nearby, Salt Lake City is a major tourist destination for winter sports.

Salt Lake City’s warm season is from mid-June to mid-September with average high temperatures in the 80’s. The lower evening temperatures are in the low 60’s. The cold season is from late November through February with average high temperatures below 47 degrees and low’s in the low 20’s. From summer through winter, Salt Lake City is an ideal location for outdoor activities with it’s majestic scenery and many trails and parks including Wasatch National Park.

Salt Lake City’s population in 2018 was 200,591 with an annual growth rate of 0.01%. Its job market has increased by 1.5% over last year. 10-year future job growth is predicted to be 39.9%. Mining operations nearby contribute to the job growth. As a regional trade and transportation center with a major airport, Salt Lake City, is poised for continued growth. Major companies include Myriad Genetics, Franklin Covey Co., and O.C. Tanner. The cost of living is high due to the Salt Lake City real estate market and higher cost of homes.

With its majestic mountain scenery, universities and cultural scene, well-known and sought out winter skiing and substantial job growth, Salt Lake City will continue to be a sought-out city to work and play.

Real estate market data in Salt Lake

Average Monthly Rent:

$1,166

Percentage Change in Home Price/Value:

7.50%

Median Home Value:

$393,900

Best Time To Sell Home:

March

Affordability Index:

129.3

Days To Sell House:

47.583

Job Market:

Strong

Public School Ranking:

23

Hottest Neighbourhoods:

Greater Avenues, East Liberty Park, Wasatch Hollow, East Bench, Yalecrest, Foothill/Sunnyside, Bonneville Hills

Top iBuyers in Salt Lake

Knock

Knock

Knock started in 2016 and was the first company to change the home buying and selling process by taking homes on trade.

Offerpad

Offerpad

Offerpad started in 2015 from of the roots of a real estate professional that realized the process to sell a home had many areas of stress and uncertainty.

Salt Lake iBuyers

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