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
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.
Condominium Market Trends In Park City
The condominium market trends in Park City, Utah, present a distinctive narrative when juxtaposed with the single-family home sector. With a median sales price of $1,245,000, the condo market has witnessed a significant increase of 34.6% and a 2.1% decline from the previous year. This indicates a steady trend in the market and a strong demand for luxury condo living in the area.
Market Update Report Per Area
Real estate sales data encompasses a wide range of information for diverse neighborhoods within Park City, Utah. This report covers the most critical data from the past year and provides an overview of current market conditions.
| Area | Qty Sold | Volume Sold | Avg Sale | Median Sale |
|---|---|---|---|---|
| Old Town | 33 | $130,933,349 | $3,967,677 | $3,800,000 |
| Thaynes Canyon | 6 | $28,323,362 | $4,720,560 | $3,817,380 |
| Lower Deer Valley | 6 | $30,005,500 | $5,000,916 | $4,567,500 |
| Upper Deer Valley | 11 | $87,346,797 | $7,940,617 | $7,500,000 |
| Empire Pass | 4 | $56,355,918 | $14,088,979 | $11,804,036 |
| Aerie | 3 | $19,275,000 | $6,425,000 | $8,200,000 |
| Prospector | 15 | $30,523,635 | $2,034,909 | $2,000,000 |
| Park Meadows | 30 | $108,305,450 | $3,610,181 | $3,125,000 |
| Canyons Village | 12 | $151,306,492 | $12,608,874 | $10,640,000 |
| Sun Peak | 11 | $26,920,750 | $2,447,340 | $2,450,000 |
| Silver Springs | 24 | $56,252,000 | $2,343,833 | $2,300,000 |
| Old Ranch Road | 5 | $40,284,500 | $8,056,900 | $4,050,000 |
| Kimball | 13 | $16,191,000 | $1,245,461 | $1,180,000 |
| Pinebrook | 22 | $41,557,525 | $1,888,929 | $1,747,500 |
| Summit Park | 20 | $27,038,598 | $1,351,929 | $1,401,250 |
| Jeremy Ranch | 39 | $82,264,882 | $2,109,355 | $1,725,000 |
| Glenwild | 10 | $63,910,176 | $6,391,017 | $5,644,000 |
| Silver Creek Estates | 7 | $18,742,000 | $2,677,428 | $1,817,000 |
| Promontory | 80 | $391,203,072 | $4,890,038 | $4,375,000 |
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.
