Park City's Single-Family Market: The Surprising Truth Behind the Numbers

Lucía Torres · 2026-10-09

### The Phone Call Every Agent Gets About Park City Every agent in Park City knows the call. A client wants to know what's really happening with single-family homes. Not the headlines, not the hype—just the truth. So let's talk about it. First, the big number: 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. Yes, you read that right—just 0.7%. After years of wild swings, the market has found its footing. But before we go further, a quick scope note: these figures cover single-family residences within Park City limits only. They don't include condos, townhomes, or the surrounding Snyderville Basin and greater Summit County. So if you're looking outside the city limits, your mileage may vary. ### Prices Have Held Steady The median sale price is $4,015,500, about $28,000 above this point last year. Sellers are getting 96.0% of list price, compared with 96.2% last year. That's not a meaningful change—it's just the market doing its thing. What does that mean for you? If you're selling, don't expect to get every penny of your asking price. But if you're priced right, you'll do just fine. If you're buying, you're not going to find steep discounts either. It's a balanced market, and that's not a bad thing. ### Good Homes Are Moving Faster Here's where it gets interesting. The median home went under contract in 31 days, down from 40 days last year. That's nine days faster. So while prices are flat, well-priced, well-presented homes are moving quicker. Why? Because buyers are picky. They're not going to settle for a fixer-upper with a weird layout. But if your home shows well and is priced right, it won't sit. ### Fewer Homes Are Closing Through September, 87 single-family homes closed within Park City limits, compared with 109 at this point last year. That's 22 fewer, a drop of 20.2%. Meanwhile, new listings went up slightly, from 178 to 184. So more homes are hitting the market, but fewer are actually selling. That tells me sellers need to be realistic. Not every listing reaches the closing table. Pricing and positioning matter more than ever. ### About That Price-Per-Square-Foot Number The median sold price per square foot is $1,071, down from $1,118—a 4.2% drop. That looks alarming next to a rising median price, but I wouldn't read too much into it. One possible explanation is that 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. ### What Buyers and Sellers Should Take Away If you're selling, focus on presentation and pricing. The market is stable, but it's not forgiving. Overpricing will cost you time and money. If you're buying, don't expect a fire sale. But you do have more options than last year, and well-maintained homes are still in demand. Work with an agent who knows the nuances of Park City—not just the averages. ### 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. **Are prices going up or down?** Prices are essentially flat, up just 0.7% year-over-year. The market has stabilized after recent volatility.