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Featured local agent — Park City, UT
Sarah Mitchell
Compass Real Estate · Park City, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Park City, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.86Mmedian sale price
How is the Park City, UT housing market right now?
The median home sale price in Park City, UT is $2.86M, down 9.3% year-over-year. Homes sell in an average of 29 days with 216 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Park City a buyer's or seller's market?
Park City, UT is currently a buyer's market, based on 9.8 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
29
Average pace
Active listings
216
9.8 months supply
Sale-to-list
96.4%
Below asking
What does the Park City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.86M |
| Median list price | $2.50M |
| Year-over-year price change | -9.3% |
| Average days on market | 29 days |
| Active inventory | 216 listings |
| Months of supply | 9.8 months |
| Sale-to-list price ratio | 96.4% |
| Median price per sq ft | $1,018/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 57 |
| Listings with a price cut | 12.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Park City by property type?
How the Park City, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.21M | $1,125/sq ft | 6 | 40 days |
| Condo / Co-op | $2.79M | $977/sq ft | 14 | 25 days |
| Townhouse | $4.20M | $1,304/sq ft | 2 | 49 days |
Source: Redfin · Updated monthly
The Park City housing market is currently classified as a buyer's market with a median sale price of $2.86M. Prices have fallen 9.3% compared to last year, with homes spending an average of 29 days on market, indicating 9.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 11.4x provides context for how home values compare to local earning capacity.
Homes for sale in Park City
There are currently 216 homes listed for sale in Park City, Utah. The median listing price is $2.5M.
Active listings
216
Homes on market
Median list price
$2.5M
Avg. days on market
29
Days until sale
New this week
57
Newly listed
Who lives in Park City?
Population
8,365
Median income
$140,875/yr
Median age
46.8 years
Owner-occupied
73.2%
College grads
64.4%
Avg commute
14.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Park City?
Zillow home value
$1.61M
Zillow rent index
$3,888/mo
Price-to-rent ratio
34.4x
Price-to-income
11.4x
Source: Zillow Research
What is it like to live in Park City?
Park City is a community of approximately 8K residents with a median age of 46.8 years.The median household income is $140,875, which reflects a relatively affluent area with strong earning potential. 64.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 14.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Park City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Park City?
16 schools tracked · 5,154 students
The largest public schools serving Park City, UT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Park City High
Grades 10-12 · 1,222 students
Treasure Mtn. Junior High School
Grades 8-9 · 767 students
Ecker Hill Middle
Grades 6-7 · 697 students
Weilenmann School of Discovery
Grades K-8 · 477 students
Parley's Park School
Grades K-5 · 408 students
Jeremy Ranch School
Grades K-5 · 402 students
McPolin School
Grades PK-5 · 391 students
Trailside School
Grades K-5 · 358 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Park City, UT?
Want a head-to-head view? Compare Park City side-by-side with any other U.S. city using our market-comparison tool.
Is Park City a good real estate investment market?
For investors evaluating Park City, the price-to-rent ratio of 34.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 9.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Park City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Park City's median home price.
Frequently asked questions
What is the average home price in Park City?
The median home sale price in Park City is $2.86M, down 9.3% from last year.
How long do homes stay on market in Park City?
Homes typically spend 29 days on market before going under contract.
What is the median income in Park City?
The median household income is $140,875 per year.
Is Park City a buyer's or seller's market?
With 9.8 months of supply, Park City is currently a buyer's market.
What is the Zillow home value estimate for Park City?
The Zillow Home Value Index (ZHVI) for Park City is $1.61M, representing the typical home value in the area.
What is the median condo price in Park City?
The median condo/co-op sale price in Park City, UT is $2.79M, compared to $3.21M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Park City?
The median single-family home price in Park City, UT is $3.21M (about $1,125 per square foot).
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