Cottonwood Heights (zipcode 84121) is one of a very few areas on the Salt Lake City front where prices aren’t dropping. The median selling price for a single family home in the 4th quarter of last year was $312,000, up by $18,000 from the 3rd quarter stats. In fact, 84121 sales prices have been increasing steadily over the past year from their low $274,000 in the last quarter of 2008.
Sales numbers are up too. In the last quarter of 2008, only 61 homes were sold, compared to 97 in the same time period in 2009. There are currently 236 homes for sale in the Cottonwood Heights area. 28 of them are priced under $250,000.