As summer winds down and the Labor Day holiday passes, the Park City real estate market is already shifting into its fall rhythm. August brought strong activity across multiple neighborhoods, with both buyers and sellers navigating a competitive yet selective market.
Median Home Prices
In August, Park City’s median single-family home price held steady around $2.15 million, with luxury properties in Deer Valley, Promontory, and Old Town driving demand. While pricing hasn’t surged month-over-month, stability suggests buyers are still willing to pay premium values for the right property.
Days on Market
The average days on market dipped slightly in August to 46 days, down from 52 in July. Well-priced listings, particularly those under $2.5 million, are moving quickly when staged and marketed effectively.
Inventory Levels
Overall inventory increased by 4% in August, giving buyers slightly more breathing room. That said, certain micro-markets — such as Silver Creek Estates and Jeremy Ranch — remain tight, with buyers competing for limited listings.
September Outlook
Looking ahead, we anticipate:
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Increased buyer activity as families refocus after summer travel.
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Sellers are preparing homes to hit the market before ski season.
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A potential rise in demand for ski-access properties as winter approaches.
For both buyers and sellers, this is a moment to act strategically: buyers can take advantage of slightly higher inventory, and sellers can capture motivated fall buyers before the seasonal slowdowns of late November.
Looking to make Park City your home — or your home away from home?
Reach out anytime to explore the lifestyle and properties this community offers.
Paula Higman
Realtor® |
Higman Private Collection | Coldwell Banker Global Luxury | 📞 435-602-8228 | 📧 [email protected]
