Park City, UT 84098 Real Estate Market Report

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

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

Key Findings

1. median sold price is the primary indicator of current market value and recent transaction activity, but a reliable median sold price is unavailable in the provided dataset; this likely reflects very limited closed-sale data in the sample period and means sellers' asking levels should be validated against recent closed transactions before relying on listings as market evidence. neutral context
2. median listing price is $2,895,000 with a reported median price per square foot of $796, signaling a high-end pricing band where asking prices must be judged against recent sales; the regional price trend is up, suggesting ongoing appreciation pressure at the top of the market.
3. median days on market is 100, which indicates a slower sales velocity and meaningful time-to-contract for listings; this extended marketing time may create pricing friction and suggests buyers have more time to negotiate. slower sales velocity
4. Inventory in the analyzed sample shows elevated inventory relative to sales activity, which, combined with interest rate pressure listed as elevated and a rent year-over-year trend that is down, suggests financing sensitivity for buyers and modest softening in the rental market; monitor rents (median market rent $3,045) and closed-sale activity for signs of firming or further cooling. elevated

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.