Park City 2nd Quarter 2026 Market Pulse Report

• SINGLE-FAMILY sales remained steady across the primary market area. Year-over-year unit sales were up 6%, volume climbed 12%, and median price was up 6%.
• CONDOMINIUM sales ticked downward, continuing to rebalance following the surge of high-end inventory that came online during 2024-25. Year-over-year across our primary market area, unit sales were down 16%, and volume declined 8%. However, the median price increased 4%.
• VACANT LAND sales boomed across the primary market area. Year-over-year unit sales were up 20%, volume soared 27%, and median price climbed 25%.

Inventory varied by property type. Overall inventory increased, driven primarily by growth in condominium listings. Single-family availability remained relatively steady, while vacant-land inventory declined.

New construction continued to outperform older inventory. Buyers showed a clear preference for new construction, placing greater pressure on older homes to be well maintained, thoughtfully presented, and accurately priced.

• Park City  |  8 lots sold (up 100%), median price $2.0M (up 41%)
• Snyderville  |  105 lots sold (up 62%), median price $1.3M (up 30%)
• Jordanelle  |  184 lots sold (up 12%), median price $1.29M (up 37%)
• Heber Valley  |  99 lots sold (up 1%), median price $650K (up 10%)
• Kamas Valley  |  52 lots sold (up 44%), median price $620K (up 88%)

Several individual areas posted especially strong results during the second quarter alone:

• South Jordanelle  |  41 lots sold (up 1,267%),  median price $1.4M (up 40%)
• Promontory  |  21 lots sold (up 320%), median price $1.5M (up 66%)
• Kamas  |  14 lots sold (up 75%), median price $812,500 (up 201%)

Promontory continued to attract buyers seeking golf-accessible homesites ahead of anticipated changes to membership pricing and terms. In Kamas, the sharp increase in median price suggests growing demand from buyers considering the valley as an alternative to Park City and Heber Valley.

Land sales often serve as an early indicator of future housing activity, as buyers acquire property well before development or resale. The strong second-quarter performance in South Jordanelle, Promontory, and Kamas Valley suggests developers and experienced buyers are positioning for continued market strength in 2027 and 2028. Overall, the trend points to a positive outlook for the market over the next few years.

Within Park City limits, condominium sales were down 7% on 239 total closings, while the median price climbed 24% to $2.3 million. In Old Town there were 82 closings, and the median price increased 26% to $1.3 million. In Lower Deer Valley, there were 49 closings, accompanied by a 39% increase in median price to $3.1 million. 

Deer Crest recorded 24 closings, with median price climbing 26% to $5.5 million. In Upper Deer Valley, there were 18 closings, with a 9% uptick in the median price to $5.2 million. Empire Pass had 15 closings with a 15% median price decrease to $6.0 million. Prospector had 21 closings, with the median price up 2% to $395k. Park Meadows posted 27 total sales with a median price rising 28% to $1.9 million.

Summit Park had 35 closed sales with a 3% median sale price increase to $1.3 million. Glenwild posted 19 sales, with the median price surging 36% to $7.1 million, while nearby Silver Creek Estates saw a 26% decrease to $2.0 million across 20 closings. Trailside Park recorded 23 closed sales with a 7% drop in median price to $1.6 million, and Silver Creek South had 30 sales with a 5% decrease in median price to $1.1 million. Promontory remained one of the most active neighborhoods in the Basin with 107 total closings and a robust median price increase of 22% to $5.3 million.

Condominium sales across the Snyderville Basin dipped 8% with 229 total closings, and the median price declined 3% to $965,000. Canyons Village had 106 closings as the median price ticked up 5% to $1.4 million. Sun Peak/Bear Hollow had 20 sales and a 5% decrease in median price to $1.1 million. Kimball recorded 44 sales with a 17% rise in median price to $752,500, while Pinebrook had 29 closings and a 2% dip in median price to $941,000. Jeremy Ranch registered 8 condominium sales at a median of $1.1 million, down 10%, and Silver Creek South had 15 closings with a 4% decrease in median price to $850,000.

CONDOMINIUMS   

Across all of Jordanelle, condominium closings dropped 25% to 227 closings, with the median price dipping 3% to $1.2 million. The median price in the Mayflower–Jordanelle area rose 6% to $1.4 million on 70 total sales. Deer Mountain recorded 44 closings with a median price increase of 2% to $970,000. South Jordanelle had 17 closings with a 4% increase in median price to $1.05 million. Deer Valley East Village had 16 closings, but the median price plummeted 59% to $507,500, while Hideout posted 80 closings and a 12% increase in median price to $1.7 million.

CONDOMINIUMS   

The condominium market in Heber Valley posted 66 total closings, with a 7% decrease in median price to $510,000.

Midway registered 24 closings and a 5% drop in median price to $470,000. Red Ledges recorded 6 sales and a 7% decrease in median price to $1.5 million. In Heber proper, 21 sales closed with a median price down 19% to $389,000, while Heber North saw 10 closings with an 8% drop in median price to $514,000.

Inventory Changes by Property Type

Single-Family Homes  (up 3%)  |  Condos (up 17%)  |  Vacant Land (down 38%)

The key question is how much of this shift reflects a slower pace of sales versus changes in the amount of new inventory coming to market. With sales easing slightly and inventory rising modestly, the overall absorption rate increased to 8.7 months, the highest level recorded since the summer of 2020. In other words, the market is still moving, but at a more measured and deliberate pace than in recent years.

One of the most notable findings is the relationship between price and absorption. For the first time in more than a decade, condos priced above the median in both In Town and Snyderville sold more quickly than those priced below the median. 

As the second half of 2026 begins, the greater Park City real estate market is showing distinct trends across property types. Luxury single-family homes remain in demand among buyers who are prepared to pay a premium for exceptional quality, location, and design. The condominium market appears to be finding firmer footing, although year-over-year comparisons will remain distorted until the unusually high level of new development activity recorded in 2025 moves out of the reporting window. Land is currently generating the strongest near-term momentum.

Despite differences among market segments, Park City’s long-term appeal remains supported by limited supply, world-class amenities, an exceptional lifestyle, and a history of sustained value growth.

If you have any questions regarding your areas of interest or if you are considering any real estate moves, please reach out!