Home Sales & Prices

The total number of homes sold in the last 12 months was 588 compared to 498 the prior 12 months. Within the Park City city limits, number of sales of homes went from 106 to 138, a 30% hike. Homes sold in the Snyderville Basin rose from 305 to 356. In the Jordanelle area there was an increase in homes sold, from 87 the earlier period to 94 in the more recent 12 months; an 8% step up.

The comparison of average sold prices shows us that homes went up about 4% within Park City city limits and 9% in the Snyderville Basin. Jordanelle average home sold prices increased by 15%. Average prices in city limits went from $4,923,799 to $5,107,044. In the Basin they went from 3,345,787 up to $3,641,822, and from a average price of $4,090,825 up to $4,713,480 at Jordanelle. That means there was an combined uptick in average price of about 9% over the 3 areas.

Condo Sales & Prices

The total number of condos sold had a modest rise from 786 sales between November 1, 2023 and October 31, 2024 to 801 between November 1, 2024 and October 31, 2025. Condominium sales within the city limits rose from 247 to 272(+10%), and in Snyderville Basin they dropped from 244 to 240 (-2%). Jordanelle also experienced a 2% drop. In the earlier period it was 295 and in the more recent it was 289.

Prices of condos had an average increase of about 51% in town and a decrease of 2% (about $29,555) in the Basin. Jordanelle saw the average price of condos go from $1,134,2992 to $1,552,082 a healthy 16.67% climb.

Land Sales & Prices

Vacant land sales in Park City city limits experienced a decrease -- 64%, or 7 fewer sales than the previous year. The period of November 1, 2023 through October 31, 2024 saw 11 sales. The more recent 12 months had just 4 sales. Lot sales went up in the Snyderville Basin, from 69 to 87, +46%. In Jordanelle, sales decreased by 21% -- from 184 to 146.

Overall, average lot prices dipped 48% in city limits, had an 17% rise in the Snyderville Basin, and an 1% step up in Jordanelle. This roughly translates to an decrease in average lot price in city limits of $1,777,955, an average increase of $229,880 in the Snyderville Basin, and and increase of $19,920 in the Jordanelle Park Area, or a 10% drop between the 3 areas.

Average Time on the Market of Closed Home Sales vs. Active Home Listings

When properties are priced correctly, based upon recent comparable sales, they sell in an average of 83 days. Meanwhile, the active listings that have not yet gone under contract are staying on the market for an average of just over five months.

The silver bar on this graph shows that homes that are selling are taking an average of 83 active days on the market before going under contract. The red bar shows the cumulative days on the market for listed homes that have not yet sold. The average number of days on the market without selling is 158; about 5.3 months.

Many factors impact why one property sells over another. They include location, views, age, upgrades, condition, and other details, but the number one factor is price. After more than 30 years of selling real estate in Park City, I have learned that there is a buyer for every property, at a certain price.

If you’re thinking of selling your property, realize that selling a home is a hassle. You must keep your home clean and in "ready to show" condition at a moment's notice. Nobody wants to be inconvenienced for more than six months, especially with no sale to show for all the effort. When you decide to list your property, choose a price that will result in a sale within a reasonable time.