Park City Market Updates
Closed sales data, inventory counts, and pricing trends across Summit and Wasatch counties, updated as new MLS numbers come in. These posts report what closed rather than what is listed, because asking prices tell you very little in this market.

Market analysis by Derrik Carlson, REAL ESTATE IN PARK CITY

Updated July 10, 2026

Deer Valley recorded 53 closed MLS sales from January 1 through June 30, 2026. Of those, 52 included a disclosed sold price and generated more than $300.3 million in reported sales volume. The average disclosed sold price was approximately $5.78 million, and the median was $5.05 million.

The headline numbers show strength, but Deer Valley is not one uniform market. A newer full-service condominium can command a much higher price per square foot than a larger detached home. Exact ski access, view, renovation level, HOA structure, rental rules, storage, parking, and ease of ownership all affect value.

Table of Contents

  • Midyear 2026 Overview
  • How 2026…

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2026 Mid-Year Report | July 2026 Edition

Park City median and average home prices, updated for mid-2026. $1.326B closed across 410 sales. What the numbers mean for
buyers and sellers this year

Single-family homes carried the largest dollar volume, while condos and townhomes remained active but more price-sensitive. Fourteen closings above $10 million cleared in the first half of 2026. Data covers Park City Limits and the Snyderville Basin only.

First-Half Volume

$1.326B+

410 transactions

Single-Family Median

$3,160,000

209 closings

Condo Median

$1,300,000

201 closings

$10M+ Closings

14

$236,760,000 combined

About this report. Prepared by Derrik Carlson, Resort Real…

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The clearest measure of how the greater Park City luxury market has changed is the gap between two numbers. Median sale price held near $6.5 million from 2020 through 2025, while median price per square foot rose from $847 to $1,343, a 58% climb. The market did not move much at the headline median price level. It became more valuable per square foot, which is why a property that looks comparable to a 2021 sale on price often is not comparable at all.

The figures below come from 979 closed transactions at $4.5 million and above across the greater Park City area, also called the Wasatch Back, covering Summit County and Wasatch County. That footprint spans the Deer Valley corridor, ski-in/ski-out neighborhoods, The Colony at White Pine Canyon, and the…

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Park City real estate is still active, but it is more selective than it was a few years ago.

That is the simplest way to describe the current market. Good properties are still selling. Well-located homes, newer construction, ski-access properties, and quality real estate in the right neighborhoods continue to draw attention. Buyers are asking better questions, sellers are facing more price sensitivity, and the details matter more than they did during the peak market years.

This post is about how to think about that shift, not the numbers behind it. For closed-transaction data, monthly figures, ultra-luxury closings, and neighborhood-level performance, the Park City real estate market report tracks all of it. What follows here is the advisory layer:…

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By Derrik Carlson | REAL ESTATE IN PARK CITY | March 16, 2026
Last updated: March 16, 2026

Key Takeaways

  • Park City real estate values have appreciated at an average annual rate of 7.4% (compounded monthly) since January 2001. After the 2012 market trough, that rate accelerated to over 10% annually, outperforming both Utah and national benchmarks.
  • U.S. ski property prices have increased 228% over the past 20 years, making the American mountain market the top performer in long-term capital appreciation globally, according to the 2025 Savills Ski Report.
  • The 2025 Park City market recorded $5.75 billion in total sales volume. Properties above $2.5 million saw unit sales jump 38%, and volume increase 50% year over year, while…

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The complete guide to construction costs, all-in budgeting, timelines, area-specific building realities, and what most articles leave out. Updated March 2026.

Park City Construction Costs at a Glance

Per-square-foot pricing, excluding land and landscaping

Standard Custom Build Starting at $625/sq ft
Park City Style Finishes $750 to $1,000/sq ft
Luxury Finishes $925+/sq ft
Ultra-Luxury / Exotic Materials $1,500+/sq ft
MLS New Construction (listed) $1,150+/sq ft (varies by lot)
Ski-In/Ski-Out New Builds $1,688+/sq ft (entry point)
Golf Community (Promontory) $1,000+/sq ft (new construction)

These numbers are construction costs only. Keep reading for the full…

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By Derrik Carlson | REAL ESTATE IN PARK CITY | March 3, 2026
Last updated: March 3, 2026

Key Takeaways

  • The Deer Valley expansion has more than doubled the resort to over 4,300 skiable acres — the largest ski resort expansion in North American history — with a $5 billion village development underway at the base.
  • Three globally recognized hotel brands (Grand Hyatt, Four Seasons, Waldorf Astoria) are establishing new pricing floors, with residences ranging from $2.3 million to $14.5 million.
  • Property values in Traditional Deer Valley neighborhoods are rising in response: Empire Pass up 12% to $14.5M median, Upper Deer Valley up 4% to $7.4M, Deer Crest steady at $12M.
  • Historical precedent supports continued appreciation. The…

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Executive Summary of Promontory Real Estate Market Update for 2025

Promontory in Park City, UT, remains one of the most consistent luxury communities in the state because it combines privacy, amenities, and a year-round lifestyle that holds up in real ownership. For this 2025 update, I reviewed only homes that are 4+ bedrooms and 3,500+ square feet. That removes much of the smaller product and gives a cleaner read on the homes most buyers compare when they are serious about Promontory.

In 2025, this market segment showed steady demand, with buyers remaining selective. Condition, layout, and location inside the community mattered more than ever. Newer builds and well-updated homes continued to command a premium, and properly priced properties were…

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Park City market trends in 2025 showed a more disciplined real estate market than the rapid run-up years that came before it. Pricing held. Buyers stayed active. Inventory improved in some segments. Most importantly, the market became more selective.

That matters if you are buying or selling in Park City, Deer Valley, Old Town, Promontory, Canyons Village, Glenwild, or the Snyderville Basin. In 2025, the gap widened between properties that were priced correctly and properties that were not. Well-positioned homes still sold. Overpriced inventory sat longer and required reductions.

This report focuses on Park City Limits and the Snyderville Basin so the data stays cleaner and more useful. It does not blend in Heber, Midway, or surrounding Wasatch…

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The Best Time of Year to Buy a Home in Park City, Utah (84060 & 84098 Market Guide)

Key Points: This guide outlines the best times of year to buy a home in Park City, Utah, specifically in ZIP codes 84060 and 84098, based on updated 10-year market data. Below you’ll find seasonal patterns based on inventory, pricing, days on market, and negotiation strength. Updated December 2025.

When I’m showing Park City homes for sale, the question always comes up: “When is the best time of year to buy a home in Park City?” Or more directly—“When can I get the best deal?”

My first answer is simple: “When we find the right home for you.” But the data does point to clear seasonal patterns, and buyers who understand those cycles make better decisions.

…

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