September delivered another standout month for Park City’s real estate market, once again defined by strength at the top. After an August surge in total sales, September’s performance was marked instead by exceptional pricing — setting new records for both average and median sale values.
The Ogden Valley market shifted gears in August, with just 14 closed sales — down 36% year-over-year — even as new listings trailed last August but remain up 12% for the year. Inventory climbed to 120 homes, pushing months of supply to 8.6 and giving buyers more options and leverage. Prices, however, remain resilient: the median sale price held just over $1M, and year-to-date averages are up more than 11% from 2024 at $1.22M. Homes are also moving faster than last year, averaging 74 days on market, with sellers still receiving about 95% of asking. With a possible Fed rate cut on the horizon, softer borrowing costs could bring renewed urgency from buyers and fresh demand for well-positioned listings.
Park City closed 133 sales in August—its busiest month of 2025—highlighting strong activity but steady pricing. Most transactions clustered under $5M, while $10M+ deals were limited. Year-to-date, the median price has crossed $2M for the first time, signaling a structural shift in the market.
July brought renewed momentum to the Ogden Valley real estate market, with sales up 275% over June and strong demand in the luxury segment. While the past three years have seen dramatic surges and slowdowns, pricing has remained steady — even as inventory sits above eight months. Buyers benefit from abundant choice, while sellers who price strategically continue to achieve strong results in this resilient resort market.
Park City’s luxury real estate market reached a major milestone in July, surpassing $2 billion in year-to-date sales for the first time by midsummer—driven by continued demand in the $2M–$5M range and a rising share of $10M+ transactions. While the market remains thin, pricing remains firm, and new ultra-luxury developments continue to drive momentum. Meanwhile, just to the north, Ogden Valley is quietly gaining attention as a value-forward alternative, with increasing activity in the $1M–$3M segment and growing appeal among lifestyle-focused buyers looking to get ahead of the curve.
Ogden Valley is entering a rare phase of balance
Rising inventory is creating new opportunity for buyers, yet strong pricing and swift sales reflect continued seller strength. With appreciation outpacing national trends and homes moving faster than the U.S. average, this evolving market offers a unique moment for both sides.
Park City Real Estate Hits New Heights
The first half of 2025 marked a standout period for Park City, with over $1.7B in sales volume and average prices soaring past $3M. More than half of all transactions closed above $2M, including 19 sales over $10M—just shy of the full-year record. Premium developments like Founder’s Place and the Grand Hyatt at Deer Valley East are helping reshape the landscape, while patient sellers and a surge in high-end inventory offer buyers more opportunity than ever. The market’s strength continues to reflect Park City’s growing global appeal.
Park City Market Surges with Record-Breaking Luxury Sales
The Park City real estate market continues its remarkable trajectory, with May marking the third consecutive month where average sale prices topped $3 million—a milestone never reached prior to this year. Year-to-date pricing metrics show average and median prices up 36% and 40%, driven largely by an influx of ultra-premium sales.
Sales over $10 million have already surpassed last year’s total, and over half of all transactions in 2025 have closed above $2 million. This surge has been led by new offerings in Deer Valley and significant activity in luxury golf communities like Tuhaye, Promontory, and Glenwild.
With summer approaching, a slight rise in inventory and renewed seller confidence suggests a dynamic season ahead. Yet, despite more listings, seller patience remains high, buoyed by favorable mortgage terms and strong buyer demand.
Construction is officially underway at The Otto, marking the beginning of the final phase in the development of this thoughtfully planned community. The development team is excited to announce this major milestone and thrilled to begin work on what will be the final chapter of the neighborhood. This past winter brought a strong sales release, with 17 families joining the community. Currently, 7 beautiful homes remain available in this final phase, offering a limited opportunity to become part of this vibrant and growing neighborhood.
Ogden Valley saw a standout April, with total sales volume doubling year over year to $32M. The market also posted a sharp month-over-month surge, with 27 homes sold—triple March’s total—signaling growing momentum heading into summer.
The waning days of ski season offer an opportunity to evaluate the first chapter of 2025 for Park City real estate. While the greater economy was defined by wild swings, the market for elite resort property saw largely unprecedented growth. As high interest rates and other forms of headwind slowed entry and mid-level price categories, the premium segments drew outsized weight, fueling growth across all metrics.
The first quarter of 2025 was the most explosive period for Park City real estate since the frenzied days of the pandemic. In the first 90 days of the year, an extraordinary quantity of elite real estate changed hands driving regional pricing through the roof.
Following a month in which sales activity was overwhelmingly weighted toward ultra-premium properties driving average and median prices to all-time highs, February showed activity consistent with much of the previous 12 months.
Ogden Valley real estate has entered 2025 with strong momentum. Transaction volume surged nearly 70% year-over-year, setting the stage for an active start to the year. Sellers remained confident in pricing, though accepted offers hovered around 86% of asking. Even so, values continued their upward trajectory, with the median sales price climbing 14% to surpass $1M.
Park City real estate has begun 2025 with a seismic boost. While the total number of transactions is among the lowest for any January on record, the composition of these transactions is so heavily skewed the high end of the market as to skew median price upward by 52% over 2024.
Introducing the Four Seasons Resort & Private Residences Deer Valley, the newest development announced for Deer Valley East
The highly anticipated Phase III of Founders Place—known as Otto—is now available for reservations.
In November, the Park City real estate market reflected trends consistent throughout 2024, showcasing a healthy balance between sales activity and price adjustments.
In October 2024, the Park City real estate market experienced a remarkable resurgence, marking a significant shift from the sluggish activity observed over the summer months. For the first time since July, the total number of real estate transactions surpassed the previous year’s figures, indicating a revitalization in buyer interest and market momentum.
