Park City's Single-Family Market: What the Numbers Don't Tell You

Lucía Torres · 2026-10-10

### The Call That Starts Every Conversation If you're an agent in Park City, you know the call. A client wants to know what single-family homes are selling for right now. They've seen headlines, heard rumors, and they're looking for a straight answer. So let's talk about it. Because the data through September 2026 tells a story that's more nuanced than any single number suggests. ### The Headline Numbers The median single-family sales price within Park City limits is $4,015,500 year-to-date through September 2026. That's up 0.7% from the same period in 2025—about $28,000 higher. A quick scope note: these figures cover single-family residences within Park City limits only. They don't include condominiums, townhomes, or the surrounding Snyderville Basin and greater Summit County. Sellers are getting 96.0% of list price, compared with 96.2% last year. That's not a meaningful shift. If you're pricing a home right, you're still in good shape. ### Speed Is the Real Story Here's where things get interesting. The median home went under contract in 31 days, down from 40 days at this point last year. That's nine days faster—a 22.5% improvement in how quickly homes are moving. But wait. If homes are selling faster, why are fewer closing? ### The Inventory Puzzle Through September, 87 single-family homes closed within Park City limits, compared with 109 last year. That's 22 fewer sales—a drop of 20.2%. Meanwhile, new listings went up slightly, from 178 to 184. So homeowners are still listing. They're just not all reaching the closing table. For sellers, this points to one thing: pricing and positioning matter more than ever. Not every listing becomes a sale. ### What's Going On With Price Per Square Foot? The median sold price per square foot is $1,071, down from $1,118—a 4.2% drop. On the surface, that looks alarming next to a rising median price. But I wouldn't read too much into it. One possible explanation: larger homes made up more of this year's sales. That's an interpretation, not something the data proves. In Park City, the specific home, its location, and its condition matter far more than any single average. I'd always rather look at the right comparables with a client than quote a headline figure. Because numbers tell you what happened. They don't tell you what your home is worth. > "The market isn't a monolith. It's a collection of individual decisions made by individual people about individual homes." ### What This Means for You If you're a seller, the takeaway is simple: price carefully, present well, and understand that the market is moving quickly for the right homes. If you're a buyer, know that well-positioned properties are going fast—sometimes in under a month. The Park City single-family market isn't slowing down. It's getting more selective. And that's not necessarily a bad thing. ### Frequently Asked Questions **What is the median price of a single-family home in Park City?** The median single-family sales price within Park City limits is $4,015,500 year-to-date through September 2026, according to Park City MLS data. **How fast are Park City single-family homes selling?** The median time to go under contract is 31 days in 2026, down from 40 days at this point in 2025.