By The DMG Park City Team
The Park City real estate market crossed $5.7 billion in sales through the first half of 2026, up from $5.2 billion a year earlier, with prices about 9 percent higher and roughly the same number of homes changing hands. Higher prices on steady volume is the sign of a market holding its footing rather than swinging. Underneath that headline, the segments are moving at different speeds, and one of them, land, is having a standout year. Here is what we are watching in the Park City real estate market and what it means whether you are buying or selling.
Key Takeaways
- Sales reached $1.35 billion in the second quarter of 2026, with prices up about 9 percent year over year on flat transaction volume.
- Single-family homes have held steady while condo activity has eased, opening room for condo buyers to negotiate.
- The number of land sales jumped 46 percent year over year, as more buyers choose to build custom.
- Prices vary widely by area, from a $4.0 million single-family median inside Park City limits to $1.29 million in the Heber Valley.
Where the Park City Real Estate Market Stands in 2026
The market is up in value and steady in activity. According to the Park City Board of Realtors, second-quarter 2026 sales reached $1.35 billion, and year-to-date volume hit $5.7 billion, ahead of the $5.2 billion recorded over the same stretch of 2025. Prices rose about 9 percent year over year while the number of transactions stayed essentially flat, with only about 30 more units sold than a year earlier.
The 2026 Market at a Glance
- Q2 2026 sales: $1.35 billion.
- Year-to-date 2026 volume: $5.7 billion, up from $5.2 billion in 2025.
- Prices: about 9 percent higher year over year.
- Transactions: essentially flat, so gains are coming from price, not volume.
Single-Family Homes vs. Condos
The two main segments are moving in opposite directions. Single-family homes have held steady and even strengthened in parts of the market, while condominium activity has cooled from its recent highs. For buyers, that split is useful: houses are still trading at firm prices, but the condo market has loosened enough to give buyers more room to negotiate, especially on resort units. Condo medians ran about $2.4 million inside Park City limits and $925,000 in the Snyderville Basin in early 2026, and condo sales inside the city limits ran at roughly half the prior year's pace.
How the Two Segments Compare
- Single-family: steady demand and firm prices across most areas.
- Condos: fewer sales than a year ago, which favors buyers.
- Condo medians: about $2.4 million inside Park City limits, $925,000 in the Snyderville Basin.
- Houses: the segment driving the market's price gains.
The Surge in Land Sales
Land is the standout trend of 2026. The number of land parcels sold rose 46 percent from the second quarter of 2025, and land sales revenue climbed to $180.5 million from $89.4 million a year earlier. The Park City Board of Realtors has tied the jump to buyers who would rather build a custom home than buy an existing one, which board leadership described as a sign of confidence in the market.
Why Land Is Moving
- Limited existing inventory in the most sought-after areas.
- Buyers wanting to build custom rather than buy an existing home.
- New development around the Jordanelle and Deer Valley East Village.
- A long-term bet on Park City values.
How Park City's Submarkets Compare
Park City is really several markets at different price points. Inside Park City limits, single-family homes carried a median near $4.0 million in early 2026, while the Snyderville Basin ran closer to $2.87 million with rising sales. The Jordanelle area has been the fastest mover, with single-family unit sales more than doubling year over year as new construction comes online, and the Heber Valley remains the most attainable, with a single-family median around $1.29 million.
Median Prices by Area
- Park City limits: about $4.0 million for single-family homes.
- Snyderville Basin: about $2.87 million, with sales up year over year.
- Jordanelle: about $4.2 million, and the fastest-growing area by sales.
- Heber Valley: about $1.29 million, the most attainable entry point.
Frequently Asked Questions
Is the Park City real estate market going up or down?
It is up in value and steady in activity. Prices rose about 9 percent year over year through mid-2026 and year-to-date sales reached $5.7 billion, while the number of transactions stayed roughly flat, according to the Park City Board of Realtors.
Is it a buyer's or seller's market in Park City right now?
It depends on the segment. Single-family sellers still hold firm pricing, while the condo market has softened enough that buyers have more room to negotiate, so we look at your specific segment and area before setting a strategy.
Why are so many people buying land in Park City?
Land sales rose 46 percent in the second quarter of 2026 as more buyers chose to build custom rather than buy an existing home. New development around the Jordanelle and the Deer Valley East Village has added to the momentum.
Contact Us Today About the Park City Real Estate Market
The numbers only take you so far, because the right move depends on which segment and which area you are in. We read the Park City real estate market every day, and we will show you where the current data points for your price range, whether you are buying a condo, listing a house, or looking at land to build on.
We are proud that the Dawn McKenna Group is the #1 mega team in Park City, Utah, so you are working with real, current knowledge of where the market is heading. Reach out to us, The DMG Park City Team, and let's put the trends to work for you.
We are proud that the Dawn McKenna Group is the #1 mega team in Park City, Utah, so you are working with real, current knowledge of where the market is heading. Reach out to us, The DMG Park City Team, and let's put the trends to work for you.
