Park City Real Estate Market Stats & Trends

Gain valuable insights into this vibrant area’s property values, market dynamics, and investment opportunities.

 

 

Park City, Utah, Market Summary

  • In Park City, UT, there are currently 1168 active home listings and 35 new homes for sale.

  • Median Home Price: The median price for single-family homes in 2024 reached $1,600,000.

  • Sales Growth: There were 1,089 single-family closed sales in 2024, marking a 22.1% increase from the previous year.

  • Market Time: The average days on market for single-family homes in the Park City area was just 41 days in 2024.

  • Education: Park City, UT is part of the Summit County R-1 School District, which includes 11 elementary schools, 5 middle schools, and 3 high schools.

  • Exciting Development: Deer Valley East Village (formerly Mayflower Mountain Resort) is an exciting new neighborhood set for transformation over the next eight years.

  • 70% of homebuyers in Park City searched for properties within the Park City metropolitan area.

  • The surge in sales volume and the growing number of properties sold in Canyons Village and Snyderville reflect a strong and potentially expanding market.

     

     

Park City, Utah Market Trends & Statistics

The Park City, Utah, real estate market is experiencing nuanced trends across different property types. Each of these categories has its own unique market trends and statistics that are important to consider when looking at the overall market.

Single-Family Home Stats

Park City, Utah, is a beacon for homeowners and investors alike. With an impressive inventory of 1,040 homes on the market, ranging from the modest $32K to the staggering $52M, it caters to a wide spectrum of needs and desires.

  • $1,600,000
    Median listing home price

  • $471
    Median listing home price/Sq ft

  • 41
    Days on Market

Condominium Market Trends In Park City

  • $1,068,108
    Median listing price

  • $763
    Median listing home price/Sq ft

  • 41
    Days on Market

Land Market Trends in Park City

  • $825,250
    Median Listing Land Price

  • $944,883
    Median Listing Land Price/Acre

  • 91
    Days on Market

Stay Updated About Park City Market With Our Team

 

Stay updated on current market trends and developments for those looking to invest in Park City real estate. Our team is dedicated to providing accurate and up-to-date information about the Park City market.