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Salt Lake City home prices up nearly twice the national average

Sep 25, 2020, 11:37 AM
Utah home prices continue to rise - house under construction...
FILE: Housing prices continue to rise on the Wasatch Front, with demand driving up prices even for rental property. (Photo: KSL TV)
(Photo: KSL TV)

SALT LAKE CITY — You aren’t imagining skyrocketing home prices in Salt Lake City.  

A new report from Construction Coverage shows the median price of a house increased by 42% since 2010 in the United States.  But in Salt Lake City, prices rose 76.7% over the last decade.

A house that cost $225,000 dollars to purchase in 2010 now costs around $338,000, and climbing.

Salt Lake home prices aren’t alone

The Western U.S. saw the greatest increases in home sales overall after the Great Recession.  But Lehigh Acres, Florida shows a 148% climb in purchase prices since 2010.

California reported the most cities, 17, with prices that more than doubled between 2010 and 2020.

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Salt Lake City home prices up nearly twice the national average