About this report. Prepared by Derrik Carlson, Resort Real Estate Advisor at REAL ESTATE IN PARK CITY, Luxury Division of KW Park City Keller Williams Real Estate. It covers closed residential sales inside Park City Limits and the Snyderville Basin only. Heber City, Midway, and the rest of Wasatch County are excluded because they distort the read on Park City itself.
Park City Real Estate Market Overview: Q3 2026
Q3 was the busiest quarter of the year. From July 1 through September 30, Park City and the Snyderville Basin closed 252 residential sales totaling $865,085,394 in disclosed volume. That's about 30 percent more volume than either Q1 ($669.2 million) or Q2 ($657.7 million), and every month in the quarter outpaced the month before it, with September posting $362.1 million, the highest monthly total of 2026.
The segments kept moving apart. The single-family median rose to $3,310,000, up 4.7 percent from the first half, while the condo and townhome median held at $1,302,500, essentially flat. Sale-to-list ratios eased slightly in both segments, to 96.9 percent for homes and 96.5 percent for condos. Buyers are still paying for the right property. They're just less willing to pay for the wrong one.
The top of the market stayed deep. Q3 produced 11 disclosed sales at $10 million or higher, led by a $37 million closing in Bald Eagle Club, and four more homes listed between $12.35 million and $25 million closed with undisclosed prices. Promontory accounted for five of the 11 disclosed $10 million sales, its strongest quarter at that level this year.
Q3 2026 Key Takeaways
Strongest quarter of the year
$865.1 million across 252 closings, compared with $669.2 million in Q1 and $657.7 million in Q2.
Single-family prices moved up
The $3,310,000 median was 4.7% above the first half and 17.2% above the 2025 full-year median.
Condos held steady
The $1,302,500 median matched the first half, but price per square foot eased to $874 as fewer top-tier ski units closed.
Luxury stayed active
48 disclosed closings at $5M+ and 11 at $10M+, plus four undisclosed sales listed above $12M.
Pricing discipline mattered more
Median sale-to-list slipped to 96.7% overall, from 97.3% in Q1 and 97.1% in Q2.
Promontory led the volume
54 Promontory closings totaled $300.3 million, more than a third of all Q3 disclosed volume.
Park City Quick Stats: Q3 2026
Single-Family Homes
156 closings | July through September
Condos & Townhomes
96 closings | July through September
Quarter Comparison: Q1, Q2, and Q3 2026
Q1 2026
197 closings
Q2 2026
213 closings
Q3 2026
252 closings
Sources: Q1 and Q2 from Park City Board of Realtors / Domus Analytics. Q3 from a Park City MLS closed-sales export pulled October 3, 2026. Five Q3 sales with undisclosed prices are counted in closings but excluded from volume, price, and ratio figures. Late-reported September closings may add slightly to Q3 totals.
Park City Median Home Price: Q3 2026
The single-family median reached $3,310,000 in Q3, up from $3,160,000 in the first half and $2,825,000 for full-year 2025. The condo and townhome median was $1,302,500, in line with the first half and 6.8 percent below the 2025 full-year median of $1,397,500. A single blended Park City median hides that split, which is why I don't use one for pricing.
Single-Family Median
Condo & Townhome Median
Monthly single-family medians climbed through the quarter: $2,579,720 in July, $3,125,000 in August, and $4,250,000 in September. That September number reflects mix more than a jump in values. Twenty single-family homes closed at $5 million or higher that month, more than in any other month this year.
Park City Average Home Price and Price Per Square Foot
The Q3 single-family average was $4,555,088 against a $3,310,000 median. The gap comes from the top: ten single-family closings at $10 million or higher, including the $37 million Bald Eagle Club sale and a $25.85 million sale in The Colony at White Pine Canyon. The median is the better measure of a typical sale. The average tells you how active the top of the market is.
Single-Family $/Sq Ft
Condo & Townhome $/Sq Ft
Both moves are mostly mix. Single-family price per square foot rose because more of the quarter's volume came from Deer Valley, Empire Pass, and Promontory, where land and finish levels carry a premium. Condo price per square foot fell because fewer top-tier units closed: five condo sales cleared $5 million in Q3, compared with 20 in the first half, and none did in September. Outside the strongest buildings, condo buyers had leverage, and the 96.5 percent sale-to-list ratio shows it.
Price per square foot is a useful screen within one building or one subdivision. Across neighborhoods it breaks down quickly. A basin-wide $861 figure tells you very little about what a Colony estate or a Park Meadows home should bring. Comparable closings in the specific submarket are still the right basis for pricing. Our article on the per-square-foot pricing myth explains why.
Park City Real Estate Year to Date: Through September 2026
Through the first three quarters of 2026, Park City Limits and the Snyderville Basin closed 662 residential sales totaling $2,191,992,167 in disclosed volume. Single-family homes accounted for 365 of those closings and $1.58 billion. Condos and townhomes accounted for 297 closings and $609.5 million.
2026 Through September
Park City Limits and Snyderville Basin
Q3 2026 Closings at $10 Million and Above
Eleven disclosed sales at $10 million or higher closed in Q3, totaling $188,841,523. Promontory produced five of them, Deer Valley and Empire Pass produced five, and The Colony produced one. Days on market ran from zero to 897. The quick sales were priced where the market already was. The long ones needed time, a price adjustment, or both.
$37,000,000
Bald Eagle Club
Single-Family | September | SP/LP 94.9% | DOM 897
$25,850,000
Colony at White Pine Canyon
Single-Family | September | SP/LP 92.3% | DOM 52
$17,625,000
Montage Deer Valley
Condo | July | SP/LP 95.3% | DOM 85
$16,291,044
Moonshadow, Empire Pass
Single-Family | August | SP/LP 98.7% | DOM 0
$15,500,000
Deer Crest Estates
Single-Family | August | SP/LP 93.4% | DOM 42
$14,400,000
Painted Shores, Promontory
Single-Family | September | SP/LP 96.3% | DOM 358
$14,200,000
The Summit, Promontory
Single-Family | August | SP/LP 95.4% | DOM 20
$13,500,000
Deer Crossing, Promontory
Single-Family | September | SP/LP 93.1% | DOM 133
$13,000,000
Paintbrush, Empire Pass
Single-Family | September | SP/LP 100.0% | DOM 0
$11,000,000
Aspen Camp, Promontory
Single-Family | September | SP/LP 91.7% | DOM 30
$10,475,479
The Palisades, Promontory
Single-Family | July | SP/LP 101.6% | DOM 0
SP/LP is sale price to final list price. Four additional Q3 sales listed at $12,350,000 to $25,000,000, in Deer Crest Estates, Paintbrush, Old Ranch Road, and Old Town, closed with undisclosed prices and are not included above.
First Half 2026 Closings at $10 Million and Above
Fourteen sales at $10 million or higher closed from January through June, totaling $236,760,000.
$25,300,000
Colony at White Pine Canyon | March
$25,000,000
Pinnacle at Promontory | May
$25,000,000
Bannerwood | June
$23,500,000
Colony at White Pine Canyon | January
$17,800,000
St. Regis (condo) | February
$15,750,000
Eagle Pointe | April
$15,000,000
Promontory Ridge | February
$14,450,000
Moonshadow | March
$13,800,000
Colony at White Pine Canyon | May
$13,750,000
Stein Eriksen Residences (condo) | March
$13,485,000
Deer Crest Estates | March
$12,500,000
Deer Crest Estates | March
$11,250,000
Glenwild | June
$10,175,000
Elk Ridge Bluffs | April
Park City Neighborhood Market Insights
Market conditions aren't uniform across Park City. The figures below show Q3 activity and year-to-date totals for the communities that drive the luxury market. Some areas overlap, especially Deer Valley and Empire Pass, and Canyons Village and The Colony, so the totals aren't meant to be added together.
Promontory
Led the quarter by volume and produced five of the 11 disclosed $10M+ sales. Nearly all detached homes.
Deer Valley
Lower and Upper Deer Valley, Deer Crest, and Empire Pass. Highest $/sq ft of any major area, and two of the four undisclosed $12M+ sales.
Canyons Village
Mostly a resort condo market, and the slowest major area by days on market in Q3. Includes The Colony.
The Colony
An estate market that has to be read separately from Canyons Village. Led by a $25.85M September sale.
Old Town
Mostly condo trades in Q3. One Old Town home listed at $12.35M closed undisclosed.
Park Meadows
Fastest major area in Q3 at an 11-day median. In-town lots and golf access keep demand steady.
Glenwild
Highest median price of any major area outside The Colony. Gated, golf-oriented, all detached.
Q3 is July 1 through September 30, 2026. Deer Valley includes MLS areas 03 to 06. Canyons Village figures include The Colony. Year-to-date volume adds first-half totals from the mid-year report.
Park City Real Estate Monthly Market Updates
September produced 89 closings and $362,147,379 in disclosed volume, the highest monthly total of 2026. Top closings: $37,000,000 in Bald Eagle Club, $25,850,000 in The Colony at White Pine Canyon, and $14,400,000 in Painted Shores at Promontory. Takeaway: Six single-family sales cleared $10 million, the most of any month this year. Condos went the other way, with no sales above $5 million and the longest median days on market of the quarter. August produced 85 closings and $268,460,155 in disclosed volume. Top closings: $16,291,044 in Moonshadow at Empire Pass, $15,500,000 in Deer Crest Estates, and $14,200,000 in The Summit at Promontory. Takeaway: Three single-family sales cleared $10 million. The condo sale-to-list ratio of 95.9% was the lowest monthly figure of the year. July produced 78 closings and $234,477,860 in disclosed volume. Top closings: $17,625,000 at Montage Deer Valley, $10,475,479 in The Palisades at Promontory, and $8,000,000 in Painted Sky at Promontory. Takeaway: Single-family homes moved fast, with a 12-day median DOM. The $17.6 million Montage sale was the largest condo closing of the quarter. June produced 75 closings and $244,074,496 in volume. Top closings: $25,000,000 in Bannerwood, $11,250,000 in Glenwild, and $9,907,355 in Promontory. Takeaway: June closed Q2 with the strongest volume of the quarter and the highest single-family sale-to-list ratio of the year. May produced 63 closings and $212,420,030 in volume. Top closings: $25,000,000 in Pinnacle at Promontory, $13,800,000 in The Colony at White Pine Canyon, and $8,500,000 in Glenwild. Takeaway: Two single-family sales above $10 million carried the month. Condo volume was steady but more price-sensitive. April produced 75 closings and $201,175,306 in volume. Top closings: $15,750,000 in Eagle Pointe, $10,175,000 in Elk Ridge Bluffs, and $8,595,000 in Elevation at Canyons Village. Takeaway: Condos outsold homes by count, while detached sales carried the high-end pricing. March produced 85 closings and $302,132,977 in volume. Top closings: $25,300,000 in The Colony at White Pine Canyon, $14,450,000 in Moonshadow, and $13,750,000 in Stein Eriksen Residences. Takeaway: Five closings above $10 million made March the strongest month of Q1. February produced 63 closings and $212,906,999 in volume. Top closings: $17,800,000 at St. Regis Deer Crest, $15,000,000 in Promontory Ridge, and $9,000,000 in The Preserve. Takeaway: An even split between homes and condos, with high-end demand at both the ski resorts and the private communities. January produced 49 closings and $154,196,965 in volume. Top closings: $23,500,000 in The Colony at White Pine Canyon, $8,283,950 in Promontory, and $7,665,000 in Pinnacle at Promontory. Takeaway: The $23.5 million Colony closing gave the year a strong luxury start.Park City Real Estate Market Update: September 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: August 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: July 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: June 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: May 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: April 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: March 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: February 2026
Single-Family Homes
Condos & Townhomes
Park City Real Estate Market Update: January 2026
Single-Family Homes
Condos & Townhomes
New months are added as closed-sales data is released. This update covers January through September 2026.
Park City Real Estate Trends Since 2020
Six years of data show a market that has moved through distinct phases: a demand surge from 2020 to 2022, a rate-driven slowdown through 2023, a rebalancing period in 2024 and 2025, and a 2026 market where the property and the price matter more than the broad direction. Limited supply continues to support single-family values. Condos have more inventory and more negotiation room, except in the strongest ski-access and branded buildings.
Park City Real Estate: 2025 Year in Review
Single-Family Homes, 2025
Condos & Townhomes, 2025
2025 was the year the market settled into pricing discipline. Single-family days on market dropped, sellers captured 97.3 percent of list, and price per square foot rose while the median held flat, which told us buyers were paying for quality and location rather than size. Condo inventory expanded, and that put more pressure on pricing outside the top buildings. Those patterns carried straight into 2026.
What Buyers and Sellers Should Know Going Into Winter
Single-family buyers: be ready before you tour
The best-positioned homes still sell quickly. Nearly a quarter of Q3 sales logged seven or fewer days on market. Have financing or proof of funds lined up before ski season inventory hits.
Condo buyers: compare the building, not the price
HOA costs, rental rules, ski access, and building condition separate condos more than list price does. Outside the top buildings, Q3 data shows real room to negotiate.
Sellers: price from closings, not from actives
Sale-to-list ratios eased through Q3. Buyers are active, but they aren't paying for aspirational pricing. Price from recent comparable closings and current competition.
Market Perspective From Derrik Carlson
I've been selling Park City real estate since 2012, and the pattern I see most often hasn't changed: sellers who price ahead of the market lose more ground waiting than they would have by pricing right the first time, and buyers who wait for a perfect signal end up competing for fewer options.
Q3 showed both. The quarter produced the highest volume of the year and a $37 million sale, but the ratios slipped and several $10 million homes needed a year or more on market to close. That's not a weak market. It's a market that pays for the right property at the right price and waits out everything else.
Park City isn't 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 primary residence all need different pricing and negotiation strategies. That's where the data on this page should start the conversation, not end it.
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 and correctly priced, with a Q3 2026 median sale-to-list ratio of 96.9%. Condos and townhomes are more building-specific, with a 96.5% ratio and 42 median days on market in Q3. Buyers in that segment have more room to negotiate outside the strongest ski-access and branded buildings.
What is the median home price in Park City right now?
For Q3 2026 (July through September), the median single-family sale price in Park City Limits and the Snyderville Basin was $3,310,000. The median condo and townhome sale price was $1,302,500. For the first half of 2026, the medians were $3,160,000 and $1,300,000.
Are Park City home prices declining?
Not across the board. The Q3 2026 single-family median of $3,310,000 was 4.7% above the first-half median and 17.2% above the 2025 full-year median. Condo and townhome medians held flat against the first half at about $1,300,000, while condo price per square foot eased as fewer top-tier ski-access units closed.
How many luxury homes sold in Park City in 2026?
Through September 30, 2026, Park City Limits and the Snyderville Basin produced 121 disclosed closings at $5 million or higher and 25 at $10 million or higher. Q3 alone produced 48 sales at $5 million or higher and 11 at $10 million or higher, led by a $37 million closing in Bald Eagle Club.
Which Park City neighborhoods had the most luxury activity in 2026?
Promontory led by volume, with 94 closings totaling more than $554 million through September. Deer Valley, including Empire Pass and Deer Crest, followed with more than $446 million in disclosed volume. The Colony at White Pine Canyon, Glenwild, and Park Meadows also produced significant high-end sales.
Should sellers list now or wait for spring?
That depends on the property. Q3 showed buyers are active, with September producing the highest monthly volume of the year, but sale-to-list ratios eased slightly from the first half. Homes priced from recent comparable closings are selling. Homes priced on optimism are sitting longer, regardless of season.
Related Park City Real Estate Searches
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Apply These Numbers to Your Property or Search
Market averages are context. Pricing a home or writing an offer takes the comparable closings in your exact community. Our team at REAL ESTATE IN PARK CITY can walk you through the segment you're buying or selling in. Call or text (435) 200-5478 or email Carlson@RealEstateInParkCity.com.
Editor's note: Last updated October 3, 2026 by Derrik Carlson. January through June figures come from the Park City Board of Realtors and Domus Analytics. July through September figures come from a Park City MLS closed-sales export. Data covers Park City Limits and the Snyderville Basin only and is intended for market context. Pair it with a property-specific analysis before pricing, buying, or selling.
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4 Responses to Park City Real Estate Market Report: Q3 2026
Great article, thank you for sharing....
Posted by James Anderson on Friday, October 6th, 2023 at 5:58amInteresting article, thank you for sharing...
Posted by Victoria Drachenberg on Friday, October 6th, 2023 at 6:19amAmazing....
Posted by Cheryl Dejno on Friday, November 10th, 2023 at 11:29amI'm a Chicago area realtor, and we are seeing a similar appreciation percentage.
Posted by Tony Anczer on Thursday, March 20th, 2025 at 10:52pmLeave A Comment