Park City, UT 84098 Real Estate Market Report

ZIP Code: 84098
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Park City, UT is characterized by a median sold price of $2,251,000, reflecting a stable market despite recent fluctuations. The neighborhood has increased up since 2023, indicating a positive trend in property values. However, the market is experiencing elevated inventory levels, which suggests a shift towards a more balanced environment, particularly in the condo and townhome segments, where buyer activity appears to be moderating.

Transaction activity shows a median days on market of 242, indicating slower sales velocity and potential pricing friction. The median listing price stands at $2,880,000, which highlights a significant gap between asking prices and sold prices, suggesting that sellers may need to adjust expectations to align with current market realities. Overall, while the market remains competitive for single-family homes, the increased inventory levels may lead to a more cautious approach from buyers in the near term.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. $2,251,000 is the median sold price, indicating stable transaction values despite elevated inventory levels.

2. The median days on market is 242, suggesting slower sales velocity and potential pricing friction in the market.

3. With a median listing price of $2,880,000, there is a notable gap between asking and sold prices, which may require seller adjustments.

4. The market temperature remains neutral, indicating balanced conditions without strong buyer or seller advantages.

5. Rental demand is strong, with a median market rent of $19,663, reflecting ongoing interest in rental properties despite economic challenges.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.