Park City

Park City didn’t post a record May. It posted a steady one, and in a market this mature, at this altitude of pricing, steady is its own kind of strength. Eighty-two homes closed across the greater Park City area, the median sale price held at $1.9 million, and the trophy segment delivered two instant closings above $13 million that confirmed what this market’s best buyers already know: when the right property appears, price is not the obstacle.
Inventory is stable, days on market are brisk, and sellers who priced precisely got speed. The data tells a consistent story; this is not a market that bends to macro uncertainty. It is a market that rewards preparation, precision, and the right guidance.
Read the full May 2026 Market Update for a complete breakdown of closings, notable sales, inventory trends, and what the summer season ahead means for buyers and sellers in Park City and Deer Valley.

The Park City and Deer Valley market entered 2026 with a clear shift in structure. Through Q1, 264 homes closed for $845M in total volume — down from last year’s pace, but still anchored by strong performance at the top end. Median pricing eased modestly to $2.20M, while average sale prices held above $3.2M, underscoring a market increasingly driven by luxury activity.

Inventory has expanded, buyer selectivity has increased, and negotiation is back — with 78% of sellers accepting below original list price. At the same time, nearly half of all transactions were cash, reinforcing that demand remains strong, but highly segmented.

The takeaway: this is not a market in decline — it is a market recalibrating. Understanding where a property sits within today’s pricing tiers is more important than ever.

The Park City and Deer Valley market entered 2026 with a clear shift in structure. Through Q1, 264 homes closed for $845M in total volume — down from last year’s pace, but still anchored by strong performance at the top end. Median pricing eased modestly to $2.20M, while average sale prices held above $3.2M, underscoring a market increasingly driven by luxury activity.

Inventory has expanded, buyer selectivity has increased, and negotiation is back — with 78% of sellers accepting below original list price. At the same time, nearly half of all transactions were cash, reinforcing that demand remains strong, but highly segmented.

The takeaway: this is not a market in decline — it is a market recalibrating. Understanding where a property sits within today’s pricing tiers is more important than ever.

February delivered a nuanced picture for the Park City and Deer Valley real estate markets. While transaction volume moderated compared to last year, total dollar volume rose to $236 million as average sale prices climbed to $3.19 million, driven largely by continued strength in the luxury segment. Expanding inventory is giving buyers more leverage, creating a more balanced market where pricing discipline and property quality are increasingly important.

January 2026 reflected a Park City real estate market moving at a more deliberate pace compared to the same period last year. Transaction volume moderated as inventory expanded, and buyers approached decisions with increased selectivity. Despite this shift, pricing remained historically elevated, with high-quality assets—particularly in the luxury segment—continuing to command strong attention.

At a high level, the Park City and Deer Valley market in 2025 produced an unusual but telling result: transaction counts finished the year almost exactly in line with 2024, while total dollar volume increased by nearly $1 billion. That combination alone suggests something structural rather than cyclical.

The Park City and Deer Valley real estate markets continued to demonstrate exceptional strength through November, driven by elevated luxury demand, expanding new-development activity, and strong winter-season buyer engagement. While inventory has grown year-over-year, pricing remains resilient—particularly in premium neighborhoods where buyers continue to prioritize location, design, and access to amenities.

October marked a milestone for Park City and Deer Valley real estate, with luxury activity propelling the market to record heights. Transaction volume and sales above $2 million have already surpassed 2024’s full-year totals, while October alone produced 146 closings and $454 million in volume. With the average sale at $3.13 million and sustained strength across the $2–$10M range, the market enters winter with firm pricing, steady demand, and momentum that shows no signs of cooling.

September delivered another standout month for Park City’s real estate market, once again defined by strength at the top. After an August surge in total sales, September’s performance was marked instead by exceptional pricing — setting new records for both average and median sale values.

Park City closed 133 sales in August—its busiest month of 2025—highlighting strong activity but steady pricing. Most transactions clustered under $5M, while $10M+ deals were limited. Year-to-date, the median price has crossed $2M for the first time, signaling a structural shift in the market.

Park City’s luxury real estate market reached a major milestone in July, surpassing $2 billion in year-to-date sales for the first time by midsummer—driven by continued demand in the $2M–$5M range and a rising share of $10M+ transactions. While the market remains thin, pricing remains firm, and new ultra-luxury developments continue to drive momentum. Meanwhile, just to the north, Ogden Valley is quietly gaining attention as a value-forward alternative, with increasing activity in the $1M–$3M segment and growing appeal among lifestyle-focused buyers looking to get ahead of the curve.