Park City Real Estate Market Report: Mid-Year 2026

Park City Real Estate Market Overview

Through June 30, 2026, Park City and the Snyderville Basin closed 410 residential transactions totaling $1,326,906,773. The first half of the year was nearly balanced by transaction count, with 209 single-family closings and 201 condo and townhome closings, but single-family homes produced more than twice the attached-segment dollar volume.

The headline is not that the entire market moved in one direction. It is that the market became more segmented. Single-family homes posted a first-half median sale price of $3,160,000, a median $788 per square foot, and a median sale-to-list ratio of 97.4%. Condos and townhomes posted a $1,300,000 median sale price, a higher median price per square foot at $960, and a lower median sale-to-list ratio of 96.8%.

Luxury activity remains the defining story of 2026. The first half produced 14 sales at $10 million or higher and 73 sales at $5 million or higher. The ultra-luxury closings were concentrated in The Colony at White Pine Canyon, Promontory, Deer Valley, Empire Pass, Park Meadows, and Glenwild. At this level, buyers are still acting when the property is special, the setting is difficult to replace, and the pricing matches the market.

This report tracks closed transaction data from the Park City Board of Realtors and Domus Analytics, organized by month, property segment, and neighborhood. The focus remains strictly on Park City Limits and the Snyderville Basin, which produces cleaner, more actionable data than reports that blend in surrounding Wasatch County markets.

How This Report Is Built

This report is based on closed residential sales data from the Park City Board of Realtors and Domus Analytics. It covers Park City Limits and the Snyderville Basin only, excluding Heber City, Midway, and other surrounding markets that can distort the local read. The current update uses closed sales from January 1 through June 30, 2026.

The data below is useful for market direction, segment comparison, and neighborhood-level strategy. It should not replace a property-specific pricing analysis, because Park City values can change meaningfully by street, view corridor, ski access, rental rules, age, condition, HOA structure, and club membership requirements.

2026 Mid-Year Executive Summary

• First-half volume exceeded $1.326 billion. Park City Limits and the Snyderville Basin produced 410 residential closings totaling $1,326,906,773 from January through June 2026.
• Single-family homes carried the dollar volume. The single-family segment produced 209 closings totaling $894,682,383, with a median sale price of $3,160,000, a median $788 per square foot, and 12 closings above $10 million.
• Condos and townhomes remained active but more selective. The condo and townhome segment produced 201 closings totaling $432,224,390, with a median sale price of $1,300,000, a median $960 per square foot, and a median sale-to-list ratio of 96.8%.
• Q2 matched Q1 in total volume despite a different mix. Q1 produced 197 closings totaling $669,236,941. Q2 produced 213 closings totaling $657,669,832. Q2 had more transactions, but Q1 had slightly higher volume because of several large March closings.
• Fourteen ultra-luxury closings cleared the market. Sales at $10 million and above totaled $236,760,000. Twelve were single-family homes and two were condos.
• The market rewards correct pricing. The first-half median sale-to-list ratio was 97.4% for single-family homes and 96.8% for condos and townhomes. The best-positioned homes still traded quickly. Overpriced listings required time, negotiation, or both.
• Neighborhood matters more than the headline average. Promontory, Deer Valley, The Colony, Glenwild, Park Meadows, Old Town, and Canyons Village all behaved differently. A general Park City average is useful context, but pricing strategy has to be built around the exact community and property type.

Park City Quick Stats: First Half of 2026

At a Glance: First Half of 2026 (January through June)

Quarter Comparison: Q1 vs. Q2 2026

Source: Park City Board of Realtors / Domus Analytics. Covers Park City Limits and Snyderville Basin only. Updated July 2026 with January 1 through June 30, 2026 closed sales data.

Park City Real Estate Trends Since 2020

Six years of market data show a market that has moved through several phases: a demand surge from 2020 to 2022, a rate-driven slowdown in 2022 and 2023, a rebalancing period through 2024 and 2025, and now a 2026 market where execution at the property level matters more than broad market direction.

• Limited supply continues to support single-family values. Park City's development constraints, geography, and scarcity of core neighborhood inventory make the detached market difficult to replace.
• The luxury market remains highly functional. The first half of 2026 produced 14 closings above $10 million and 73 closings above $5 million, confirming continued depth at the top when the property is compelling.
• Condos require more precise analysis. The condo and townhome segment had nearly the same number of transactions as single-family homes, but lower dollar volume and a slightly lower sale-to-list ratio. Ski-access, resort-branded, and well-located product still performs differently than more ordinary inventory.
• Price per square foot remains useful, but not universal. H1 median sold price per square foot was $788 for single-family homes and $960 for condos and townhomes. The condo and townhome segment has a higher median because many sales are smaller, resort-oriented units in premium locations.
• Days on market does not tell the whole story. H1 median DOM was 27 days for single-family homes and 39 days for condos and townhomes, but the ultra-luxury range ran from immediate closings to extended negotiations.

Historical annual reports from 2020 through 2024 are available for reference:

Park City Real Estate: 2025 Year in Review

2025 Full-Year Market Summary, Park City and Snyderville Basin

In 2025, Park City real estate shifted into a disciplined, data-driven environment. Transaction volume remained strong, with 513 single-family homes and 512 condos and townhomes closing across Park City and the Snyderville Basin. Pricing stabilized after several years of rapid movement, and market efficiency improved: median days on market for single-family homes dropped to 35, sellers captured 97.3 percent of list, and price per square foot rose 13.8 percent to $814, confirming buyers were paying for quality and location rather than size alone.

In the condo segment, median pricing rose 18.5 percent to $1,397,500, but new listings expanded to 812 units, creating more selection and placing greater pressure on pricing accuracy outside top locations. By the end of 2025, interest rates had begun to ease, yet values did not meaningfully decline and supply did not expand in a way that disrupted pricing. Utah continues to see steady business and population growth, and Park City remains one of the most accessible destination ski markets in North America through Salt Lake City International Airport. These fundamentals continue to support demand.

Single-Family Homes: 2025 Overview

• Median Sales Price: $2,825,000 (Up 0.1% YoY)
• Closed Sales: 513 (Up 16.6% YoY)
• Median Days on Market: 35 (Down 26.3% YoY)
• List-to-Sold Price Ratio: 97.3% (Up 1.5% YoY)
• Median Sold $/Sq Ft: $814 (Up 13.8% YoY)
• New Listings: 757 (Up 1.5% YoY)

Condos & Townhomes: 2025 Overview

• Median Sales Price: $1,397,500 (Up 18.5% YoY)
• Closed Sales: 512 (Up 1.0% YoY)
• Median Days on Market: 40 (Flat YoY)
• List-to-Sold Price Ratio: 97.0% (Flat YoY)
• Median Sold $/Sq Ft: $1,013 (Up 10.5% YoY)
• New Listings: 812 (Up 16.0% YoY)

What 2025 Established Going Into 2026

The market now rewards pricing accuracy, not optimism. Homes positioned correctly relative to recent comparable sales continue to attract qualified buyers. Properties priced on expectation rather than data take longer to sell and require more frequent adjustments. Premium product, specifically newer construction, ski-access homes, and properties in core locations, still moves. Average product competes harder and closes at larger discounts to list.

• Single-family homes remain supported by limited supply.
• Condos offer more selection and negotiation leverage in most submarkets.
• Success in 2026 is determined by neighborhood, product quality, and pricing accuracy, not overall market conditions.

Park City Real Estate Monthly Market Updates

This page now focuses on 2026 monthly detail, with new months added as closed-sales data is released. Current update covers January through June 2026.

First Half of 2026 Ultra-Luxury Closings at $10 Million and Above

14 closings at $10 million or higher cleared the Park City and Snyderville Basin market during the first half of 2026, producing a combined $236,760,000 in volume.

Where the top of the market closed

The first-half ultra-luxury closings were concentrated in The Colony at White Pine Canyon, Promontory, Deer Valley, Empire Pass, Park Meadows, and Glenwild. That concentration reinforces a consistent Park City pattern: the highest-end buyers follow scarcity, ski access, acreage, privacy, golf and club infrastructure, architecture, and views.

What the days-on-market range tells you

Days on market across the $10 million-plus closings ranged from immediate closings to extended marketing periods. The common thread was not speed. It was fit. When a seller's list price matched the market, the property could move quickly. When the price reached above what buyers would support, the sale required time and negotiation.

Park City Neighborhood Market Insights

Market conditions across Park City and the Snyderville Basin are not uniform. The first half of 2026 data shows clear separation by ski access, private-club amenities, lot size, condition, and proximity to resort infrastructure. A market-wide average is useful background, but it is not enough to price a specific property or write a strong offer.

Neighborhood note: These community totals are not meant to be added together. Some areas overlap, especially Deer Valley, Empire Pass, Canyons Village, and The Colony. They are included to show where activity was concentrated, not to create a second market total.

Promontory

Promontory remained one of the highest-volume luxury communities in the first half of 2026, with 40 closings totaling $254,299,074, with a median sale price of $5,650,000 and a high closing of $25,000,000. The community produced 3 closings above $10 million and 23 closings above $5 million, led by a $25 million Pinnacle at Promontory sale. View current listings at the Promontory real estate page.

Deer Valley

Deer Valley remained the most luxury-concentrated ski resort submarket in the Park City area. Across Lower Deer Valley, Upper Deer Valley, Deer Crest, and Empire Pass, the first half of 2026 produced 46 closings totaling $283,635,574, with a median sale price of $5,275,000 and a high closing of $25,000,000. The area included 6 closings above $10 million, including major sales in Empire Pass, Deer Crest, Stein Eriksen Residences, and St. Regis Deer Crest. Explore the broader resort at Deer Valley real estate.

Canyons Village and The Colony

Canyons Village produced 59 closings totaling $188,710,000, with a median sale price of $1,662,500 and a high closing of $25,300,000. The broad Canyons number includes both resort condo activity and The Colony at White Pine Canyon, so it is important to separate the two. The Colony alone produced 4 closings totaling $72,100,000, with a median sale price of $18,650,000 and a high closing of $25,300,000, including three closings above $10 million. For Canyons Village inventory, start with Canyons Village real estate. For large ski-in estates, see The Colony at White Pine Canyon.

Old Town

Old Town remained one of the deepest transaction markets in Park City, with 47 closings totaling $112,896,750, with a median sale price of $1,850,000 and a high closing of $7,580,000. The area continues to trade across a wide range, from smaller condo units to renovated homes and new construction near Main Street, ski access, and the town lift corridor. Learn more at Old Town Park City real estate.

Park Meadows

Park Meadows produced 25 closings totaling $88,368,123, with a median sale price of $2,800,000 and a high closing of $15,750,000. The standout sale was a $15.75 million Eagle Pointe closing, which shows that the neighborhood can still command ultra-luxury pricing when the property offers scale, setting, and quality. Park Meadows remains attractive for buyers who want in-town convenience, golf access, and larger residential lots.

Glenwild

Glenwild produced 9 closings totaling $66,485,000, with a median sale price of $7,900,000 and a high closing of $11,250,000. Eight of the nine Glenwild-area closings were above $5 million, and the high sale reached $11.25 million. The data confirms continued demand for gated golf-community homes with privacy, larger parcels, and a private-club environment.

What Buyers and Sellers Should Know in 2026

Market Perspective From Derrik Carlson

I have been reviewing Park City MLS data and advising buyers and sellers across the Snyderville Basin for nearly twenty years. The pattern I see most consistently is that sellers who price ahead of the market lose more ground waiting than they would have by pricing correctly in the first place, and buyers who wait for a perfect signal often end up competing for fewer options.

The first half of 2026 shows both dynamics at the same time. The market produced 14 sales at $10 million or higher across all property types, including 12 detached single-family sales. That does not mean every detached home is easy to sell. It means the right homes in the right locations are still getting attention from qualified buyers.

The condo market is more nuanced. The condo and townhome segment produced 201 closings, which is almost the same transaction count as single-family homes, but the sale-to-list ratio and days-on-market data show more selectivity. Buyers are comparing HOA costs, rental rules, building condition, ski access, brand, and future supply more carefully.

The most important takeaway is simple: Park City is not one market. A Promontory custom home, a Colony ski estate, a Deer Valley branded residence, an Old Town nightly rental condo, and a Park Meadows family home all require different pricing and negotiation strategies.

Your Next Step in the Park City Market

Market context is useful. A strategy tied to your specific property or search is what actually moves the decision. Pick the track that matches your situation.

Frequently Asked Questions About the Park City Real Estate Market

Is Park City a buyer's market or a seller's market in 2026?

It depends on the segment. Single-family homes remain competitive when the property is well-located, well-presented, and correctly priced. Condos and townhomes are more building-specific, with more buyer sensitivity around HOA costs, rental rules, amenities, condition, and future supply. The first half of 2026 produced 209 single-family closings at a $3,160,000 median and 201 condo and townhome closings at a $1,300,000 median.

What is the median home price in Park City right now?

For the first half of 2026, the median single-family sale price in Park City and the Snyderville Basin was $3,160,000. The median condo and townhome sale price was $1,300,000. These figures cover closed sales from January 1 through June 30, 2026.

Are Park City home prices declining?

The first half of 2026 data does not show a broad collapse in values. It shows segmentation. Single-family homes posted a $3,160,000 median and 97.4% median sale-to-list ratio. Condos and townhomes posted a $1,300,000 median and 96.8% median sale-to-list ratio. Some listings still sell quickly, while others require price discipline and time.

How many luxury homes sold in Park City in the first half of 2026?

Across Park City Limits and the Snyderville Basin, the first half of 2026 produced 73 closings at $5 million or higher and 14 closings at $10 million or higher. The $10 million-plus sales totaled $236,760,000.

Which Park City neighborhoods had the most luxury activity?

Promontory, Deer Valley, The Colony at White Pine Canyon, Empire Pass, Glenwild, Park Meadows, Canyons Village, and Old Town produced the most meaningful first-half luxury activity. Promontory alone closed 40 transactions totaling $254,299,074, while Deer Valley areas closed 46 transactions totaling $283,635,574.

Should sellers wait or list now?

That depends on the property, but the data favors preparation and accurate pricing over waiting for a perfect market. Buyers are active, especially at the top of the market, but they are disciplined. The right strategy is to price from recent comparable sales and current competition, not from broad market optimism.

Related Park City Real Estate Searches

• Park City Golf Communities: Promontory, Glenwild, Tuhaye, Victory Ranch, and more.
• Ski-In/Ski-Out Homes and Condos: Deer Valley, Park City Mountain Resort, and Canyons Village.
• Luxury Properties in Park City: detached homes and condos across the top price tiers.
• Park City Luxury Condos: resort and ski-access condos across Deer Valley, Old Town, and Canyons Village.
• Park City Neighborhoods: compare locations, access, and property types.
• Investment Properties: short-term rentals for sale in Park City, Utah.
• The Colony at White Pine Canyon: large ski-in luxury estates inside Canyons Village.
• Promontory Real Estate: one of the highest-volume luxury communities in the first half of 2026.
• Deer Valley Real Estate: luxury ski homes, condos, and branded residences.
• Canyons Village Real Estate: resort condos, ski properties, and The Colony at White Pine Canyon.
• Deer Valley Expansion Real Estate: new development near the Mayflower area.

Own Property in Park City?

If you want help applying these numbers to your property, neighborhood, or search criteria, the most useful next step is a direct conversation. Market conditions in Park City are moving quickly in some segments and slowly in others. Knowing which environment applies to your specific situation is more valuable than a general read on the market.

Derrik Carlson focuses on luxury, ski, golf, and investment properties across Park City, Deer Valley, and the Snyderville Basin. Call 435.200.5478, email Carlson@RealEstateInParkCity.com, or use the contact page.

Editor's Note: This report is updated using closed transaction data from the Park City Board of Realtors and Domus Analytics. Data covers Park City Limits and the Snyderville Basin only. It is designed for market context and should be paired with property-specific analysis before pricing, buying, or selling.