Zip Code Breakdown: 84105 – Sugar House, Utah 2016
UtahCribs.com would like to welcome you to Sugar House, Utah. As of 2016 in Sugar House, Utah the population is 31,245. The median income is $44,500.00, unemployment is 2.90% and the median age is 34 years old. This is a hot, vibrant, working community with a lot of young adults. This area is generally considered to contain the zip codes of 84106, 84105, 84108, and 84109. There is great recreation in this area, in fact sugar house park is one of the most popular hangout spots in all of Salt Lake County
In Sugar House Park you can find a large duck pond, tennis courts, soccer fields, basketball courts, multiple recreational areas, and playgrounds for kids. Joggers and trail runners using the grounds, and there is even a big sledding hill when the snow comes to town. The Sugar House greater area is extremely walkable, very popular, and there’s a lot of corner side shops, coffee shops, and walkable restaurants. Utah Cribs recommends going to The Dodo, if you’re there – order the Toll House cookie. You won’t be disappointed.
Utah is known for its family friendly atmosphere, and an area the whole family can enjoy is Sugar House Park, or maybe you prefer the new luxury theater that has reclining seats! To help you better understand what’s going on in the real estate market in Sugar House, Utah let us give you some “Fast Cribby Facts”.
As of April 2016, the media price for a single family home in Sugar House, Utah is $353,000. As you can see in the above video, this varies from month to month, but right now the market is full-steam and extremely hot in Sugar House. In fact; the cheapest house sold in the area over the past year was $139,000. It was a two bedroom, two bathroom home, slightly over 1000 square feet and sold in July of 2015.
In Contrast the most expensive home sold in Sugar House over the last twelve months was $1,295,000.00 This home was in the specific area of Salt Lake Country Club – between sugar house park and the golf course. It has seven bedrooms, six bathrooms, just over 6100 square feet and a 0.41 acre lot. (That’s a large lot for Sugar House).
Currently as of today, there are 24 homes for sale in Sugar House. They range from $290,000 to $1,500,000 and this represents LESS than a months of supply of housing – yeah this area is extremely hot and home prices are skyrocketing. There are also many townhouses and condos for sale in Sugar House, right now you can get a townhome or small condo from the mid $270,000.00(s)
Lastly take a look at the graph above. What your seeing is a quarterly snapshot of the last 11 years. The blue line represents median price, Green: Active Listings, Black: Number of listings sold in a given quarter. Look to the far right you can see the trend for the last four years is a continues upward swing of home prices – going from the bottom of the recession where the median price is $236,000.00 to the top of the market in the first quarter of 2016 at $346,000 (and still on the rise).
One of the reasons for this is if you look at the green and black lines, the often touch or intersect. This means that in a quarter, or 90 day period we’re often seeing sold homes match the number of homes on the market. ( Selling out of inventory ) It’s very hot and often when a Sugar House home is listed under $600,000 it winds up with multiple offers by the weekend. We at Utah Cribs love Sugar House, Utah and hope you do too!