Homes for Sale in Summit County, Utah

Summit County’s real‑estate market remains broadly balanced despite the headline‑grabbing price levels in Park City, Kamas, Oakley, Coalville, and Wanship. The median closed price of $1.6 million reflects the premium attached to the resort‑oriented economy, yet the 96.8% sale‑to‑list ratio and a 100‑day average time on market suggest that buyers are negotiating modest concessions. Inventory is healthy, with 264 single‑family homes and 327 townhomes/condos actively listed, and a sizable pipeline of contracts (108 SFR and 316 condo units) indicating steady buyer interest. The macro backdrop shows mortgage rates edging higher (30‑year up to 6.42%) while the Fed Funds rate has held steady at 3.64%, and both national and Utah unemployment rates remain low and stable. Housing starts have risen, but building permits have plateaued, limiting new supply growth. Combined with a slight dip in regional real‑estate sentiment, these factors keep the market from overheating, positioning it as a balanced environment for buyers who can afford the premium and are willing to navigate a modestly longer sales cycle.