What the Data Suggests for Park City in 2026

A MORE BALANCED MARKET

Analysts expect 2026 to bring stability rather than dramatic swings. Utah’s broader housing market—including Park City—is projected to continue its move toward balance after several years of historic volatility.

Less frantic bidding
More predictable pricing
Gradually improving inventory for sale

CONTINUED PRICE GROWTH

(BUT SLOWER)

Park City’s luxury-driven market tends to
resist national downturns. Late‑2025 data shows single‑family home median prices around $2.5M with a 6.1% year‑over‑year increase.

Forecasts suggest continued but moderate price appreciation into 2026, not the explosive growth of 2020–2022.

STRONG DEMAND FOR LUXURY & LIFESTYLE PROPERTIES

Park City remains a magnet for:

Remote workers
Second‑home buyers
High‑net‑worth individuals seeking mountain lifestyle

This segment is expected to stay competitive, especially in areas like Deer Valley, Old Town, and gated communities like Promontory.

INVENTORY IMPROVING BUT STILL TIGHT

Utah-wide forecasts point to gradually increasing inventory in 2026.

However, Park City’s unique geography and luxury focus mean supply will likely remain constrained—supporting prices. Some bright spots in increasing inventory for sale include Deer Valley’s new East Village expansion and newly delivered and planned Deer Crest area properties.

MORTGAGE RATES EASING SLIGHTLY

Projections anticipate modestly lower mortgage rates in 2026 compared to 2024–2025 highs.

This could bring more buyers back into the market, especially in the entry price point to mid-range segments and create more competition for limited inventory for sale.

NO SIGNS OF A CRASH

Despite some national headlines, Utah analysts expect some stagnation or mild corrections, not a collapse. Park City’s premium market is even less likely to see any major declines.

HOW’S THE PARK CITY REAL ESTATE MARKET?

December 2025 Market Statistics Compared to December 2024

December saw a median sales price of $3.4M for Single-Family Homes across 15 closings, with the average price at $3,619,031. Year‑over‑year, the median is down 17.6%, while sales volume rose 15%.

Home sales are becoming less frantic: median days on market increased to 88 days, a 388.9% jump from last year. Median price per square foot climbed to $969, up 3.8%.

Condo and townhome sales within Park City limits surged in December, with 23 units sold at a median price of $2.3M and an average price of $3,069,582. Year‑over‑year, sales volume rose 64.3%, while prices saw dramatic gains: the median up 109.6% and the average up 28.1%.

Median days on market stretched to 100 days (a 91.3% increase), suggesting buyers are taking more time despite strong demand. Values continue to rise, with the median sold price per square
foot at $1,315, up 22.2% year‑over‑year.

Inventory is expanding: 40 new listings brought active condo supply to 108 units, an 80% increase from last year—providing buyers with more options in a fast‑evolving market.

QUICK COMPARISON:

WHAT BUYERS & SELLERS SHOULD EXPECT

PARK CITY HIGHS of 2025

There were 13 closed sales over $15M in the Park City area.

The highest Deer Valley Resort area sale closed at $18,400,000.

The highest closed sale across the Park City MLS was in The Colony at White Pine Canyon, the ski in ski out gated community on the slopes of Park City Mountain Resort at $27,875,000.