Park City Utah Median Home Price 2026 | Market Analysis & Investment Guide

Park City Utah Median Home Price 2026: Market Guide & Investment Analysis

Park City median home price in 2026: $1.9 million – making it one of Utah's most premium real estate markets. If you're asking "what is the median home price in Park City Utah?" you're likely researching whether this mountain paradise fits your budget and investment goals.

With 478 active listings ranging from $1M to $60M, a 6.0-month inventory, and 11.4% year-over-year price appreciation, the Park City real estate market offers both opportunity and nuance. Let me break down what these numbers mean for you as a buyer, investor, or simply someone curious about Utah's premier mountain town.

Park City Median Home Price: What $1.9M Actually Means

The median home price of $1.9 million positions Park City in Utah's luxury segment. To put this in perspective:

• Lower quartile: $1.0M - $1.9M (entry-level Park City homes, mostly condos and townhomes)
• Median: $1.9M (the mid-point of all sales)
• Upper quartile: $5.0M+ (ultra-luxury estates and ski-in/ski-out compounds)
• Luxury segment: $3.8M+ (158 active listings, 33% of inventory)

This $1.9M median reflects Park City's unique market dynamics. Unlike Salt Lake City (median ~$650K) or Provo (median ~$520K), Park City commands premium pricing due to:

1. World-class ski access – Canyons Resort, Deer Valley
2. Year-round tourism economy – strong short-term rental market
3. Wealth concentration – attracts high-net-worth buyers nationally
4. Limited inventory – constrained by mountain geography and development

How Park City Median Home Price Compares (2026)

Park City's 11.4% appreciation outpaces the broader Utah market, indicating strong investor confidence despite national mortgage rate concerns (currently 6.46%).

Median Home Price Breakdown by Neighborhood

Deer Valley Area: $3.2M median – Premium ski access commands top prices
Park Meadows & Jeremy Ranch: $2.1M median – Family-friendly with strong value
Canyons Village: $1.7M median – Emerging market, growth potential
Historic Main Street: $1.5M median – Character homes, mixed-use potential
Entry-Level Condos: $1.0M – $1.3M median – First-time Park City buyers

Park City Median Home Price: Key Market Data Points

With 960 homes closed in the past 12 months and 478 currently active listings, here's what the numbers tell us:

• Median days on market: 99 days (April 2026)
• Median sale price: $1.9M
• Price range: $1M – $60M
• Inventory months: 6.0 (balanced market)
• Closed sales trend: -20.1% YoY (fewer sales, but...)
• Median price trend: +11.4% YoY (prices rising)
• Days on market trend: -14.1% YoY (faster sales)

Key insight: Fewer total sales but higher prices and faster movement = quality properties selling quickly, softer demand for average/lower-quality homes.

Investment Property Analysis: Median Price Impact

For investors, the median home price of $1.9M affects ROI calculations:

Short-Term Rental Properties (87 listings):

• Typical purchase: $1.5M – $3.0M
• Nightly rate: $350 – $800 (ski season), $150 – $300 (summer)
• Annual rental income: $120K – $200K
• ROI with leverage: 12-18% (prime locations)

Ski Properties (182 listings):

• Average price: $2.4M
• Rental demand: Year-round, peaks Dec-Mar
• Appreciation: 8-12% annually historically

Why the $1.9M Median Matters

The median home price of $1.9 million in Park City reflects:

1. Market maturity – Park City is no longer an undiscovered gem
2. Strong fundamentals – Job market, tourism, lifestyle appeal justify premium
3. Wealth concentration – Attracted $1B+ in recent investor capital
4. Limited supply – Mountain constraints keep inventory tight
5. Year-round demand – Ski season + summer recreation + remote workers

FAQ: Park City Median Home Price Questions

Q: Is the $1.9M median price driven by luxury outliers?
A: Partially, but no. With an upper quartile of $5.0M and 158 luxury listings (only 33% of inventory), the $1.9M median is pulled by the broader market, not extreme outliers.

Q: How does $1.9M compare to other Utah ski towns?
A: Park City is premium. Deer Valley ($2.8M median) is higher due to exclusivity. Brian Head and Powder Mountain are lower ($1.1M, $950K) but lack Park City's amenities.

Q: Is it a buyer's or seller's market at $1.9M median?
A: Balanced. The 6.0-month inventory gives buyers selection, but 11.4% YoY appreciation favors sellers. Properties priced right sell in <100 days.

Q: Can I find Park City homes below the $1.9M median?
A: Yes – 182 listings under $1.9M exist (entry-level condos, townhomes, non-ski properties). Lower quartile: $1.0M – $1.5M.

Q: Why did the median price increase 11.4% YoY?
A: Fewer total sales (-20.1%) but a shift toward higher-quality homes. Sellers are holding starter homes; luxury buyers are active.

Current Park City Real Estate Market Overview

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