Park City Real Estate Market Update – June 2025

Key Market Stats – May to June 2025

• Median Sale Price: $2,025,000
  ⬇︎ Down 3.2% from last month, but still up 4.5% year-over-year

• Average Days on Market: 57
  ⬆︎ Homes are taking slightly longer to sell, indicating a more balanced market

• New Listings: 138
  ⬆︎ A seasonal increase from April, giving buyers more options

• Months of Inventory: 4.2
  🏡 Park City is shifting from a seller’s market to a more neutral playing field

What This Means for Sellers

Sellers still have the upper hand in certain price brackets—especially under $2M—but pricing your home accurately is more important than ever. Buyers are becoming more selective, and overpricing will quickly lead to extended days on market.

Pro tip: Stand out with premium presentation—professional photography, drone footage, and targeted off-market exposure through private networks.

What This Means for Buyers

More inventory means more choices. While luxury homes are still moving, buyers now have the leverage to negotiate contingencies or price adjustments, especially on homes that have lingered longer than 45 days.

If you’ve been waiting for a less aggressive market, June is your window. But remember: well-priced, turnkey homes in prime Park City locations are still going under contract quickly—often with multiple offers.

Local Insight: Summer Brings Lifestyle Buyers

Summer festivals, hiking, biking, and lake access are drawing a surge of lifestyle-driven buyers from California, Texas, and the Northeast. We’re also seeing strong relocation interest from high-net-worth individuals prioritizing space, privacy, and second-home retreats.

Thinking of Buying or Selling?

Paula Higman
Realtor® | Higman Private Collection
Coldwell Banker Global Luxury
📞 435-602-8228
📧 [email protected]
🌐 www.paulahigmanrealestate.com