Park City, UT 84098 Real Estate Market Report

ZIP Code: 84098
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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.

---

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.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Park City, UT are averaging 6.37%, which is 0.5% higher than the 5.87% average observed during the February 2026 market period.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. median sold price is the primary indicator of realized market value and recent transaction activity, but a reliable median sold price is not available in the provided metrics because the analyzed sales sample is extremely limited; this low sample size may indicate the reported transaction set is insufficient to represent broader ZIP-level sold pricing.use caution interpreting transaction-derived prices

2. median listing price is $2,500,000 and the market exhibits a high median price per square foot of $617, which together suggest continued premium pricing in Park City inventory even as actual sold-price signals remain thin; sellers with luxury or high-amenity SFR and condominium assets should expect pricing friction unless matched to well-qualified buyers.premium pricing environment

3. The market shows median days on market at 95, implying slower sales velocity and reduced liquidity versus a faster-turn market; combined with the analyzed dataset's elevated inventory relative to sales activity, this appears to create pricing negotiation room for buyers and requires sellers to align expectations with transaction realities.slower sales velocity

4. Broader demand drivers are mixed: price year-over-year trend is up while rent year-over-year trend is down, and interest rate pressure is moderate—additionally, current 30-year fixed mortgage rates in Park City average 6.37%, compared with 5.87% during the February 2026 period, which may temper buyer affordability and slow transaction pace further; monitor rate movements and rent trends for near-term shifts in buyer appetite.moderate interest rate pressure

---

Notable Properties

The following 1 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.

Park City, UT 84098 Real Estate Market Report

ZIP Code: 84098
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Park City, UT are averaging 6.37%, which is 0.5% higher than the 5.87% average observed during the February 2026 market period.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. median sold price is the primary indicator of realized market value and recent transaction activity, but a median sold price value is not provided in the available metrics so representative recent sale pricing cannot be confirmed from this dataset and may be unavailable due to limited or lagging transaction reporting in the sample.

2. median listing price: 967,500 suggests elevated seller pricing expectations relative to unknown realized sale prices, which may indicate pricing friction between asking and transaction levels given the absence of a reported median sold price.

3. median days on market: 227 points to notably slower sales velocity and reduced liquidity compared with typical seasonal turnover, which suggests softer market tempo rather than rapid transaction flow.

4. price year-over-year trend: up coexists with a neutral market temperature and a moderate interest rate pressure environment (current 30-year fixed mortgage rates averaging 6.37%, 0.5% higher than the February 2026 average), indicating that price resilience is occurring alongside cooling demand signals and mixed market dynamics.

---

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.