Market analytics
Park City, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
July 2026 · Market Analysis
Park City homes vanish in 4 days even as 1,027 listings sit unsold.
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The number that stands out this July is speed: median days on market fell to just 4, down from 16 in June and a steep drop from January's 82-day slog. That pace looks almost contradictory next to the rest of the picture — only 43 homes closed, well under the 76-a-month average of the past year, while active listings climbed to 1,027, the highest reading of the past six months. Warm alpine summer weather usually brings Park City's busiest selling window, but this year it's bringing fast individual sales inside a market that's otherwise thinning out.
Market pulse
Median days on market has fallen every month since January's 82-day peak — 36 in February, 28 in March, 33 in April, 25 in May, 16 in June, and now 4 in July, the fastest close of the past six months. That speed is happening while active inventory has more than doubled from 606 in February to 1,027 in July, and new listings have run high too, 172 in July after 236 in June. Sold volume, though, has gone the other direction: 43 closings in July compares to 64 in June and 82 a year ago this month, so of the homes that did sell, they moved quickly, but far fewer buyers closed. The over-$700K band drove nearly all of July's activity — 39 of the 43 sales — with a median price of $2,925,000 and just 4 days on market, while the under-$400K tier recorded zero closings for the second straight month.
Mortgage context
The 30-year averaged 6.79% in July and has since climbed to 6.88% today, up 0.25 percentage points from 6.625% just 30 days ago — a move that adds $334 a month to payments on a median-priced home here, a 2.6% jump. Rates have now climbed 0.68 percentage points since February's 6.19% low, and at Park City's price points, even quarter-point moves change the math meaningfully for buyers financing $2 million-plus purchases.
Payment math
A median Park City home at $2,514,000 with 20% down runs $13,214 a month in principal and interest at today's 6.875%, up $334 from $12,880 just 30 days ago at 6.625%, and $907 above the $12,307 payment buyers would have locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With only 43 closings and days on market down to a median of 4, don't assume you have time to think — well-priced listings in Old Town and around Aspen Springs Ranch are going under contract almost immediately. If you want negotiating room, look at the 400-700k band, where median days on market ran 54, or at homes still sitting from June's price-cut wave (16 sellers cut price that month).
If you're selling
List at a realistic number now — homes are closing in a median 4 days and 97.71% of list price, so overpricing just means missing this window. With active listings at 1,027, the highest of the past six months, differentiate on condition or price rather than waiting, especially outside the over-$700K tier that's carrying most of July's volume.
Outlook
Expect the fast-closing pattern to hold through August and September as long as pricing stays realistic, but don't expect sold counts to bounce back to last year's 82-a-month pace while rates sit near 6.88%. With 1,027 active listings and new supply still arriving — Silver Creek, Jeremy Ranch, and the Canyons corridor all showed up repeatedly in recent months' top subdivisions — buyers priced out of Park City's over-$700K tier may keep drifting toward Heber City or Midway on the Wasatch Back.
Watch for
If the 30-year holds near 6.875% or climbs toward 7% into September, expect the sold count to keep running below the 76-a-month average from the past year, stretching the months-to-sell figure further even as days on market stay short.
"Park City in July: the fastest closings in over a year, on the thinnest sales count."
Common questions about Park City this month
Is Park City a buyer's or seller's market in July 2026? ▾
It's mixed. Sellers whose homes are priced right are seeing them close in a median of 4 days at 97.71% of list price, which favors sellers. But with active listings at 1,027 and only 43 closings — well below the 76-a-month average of the past year — buyers have far more choice than the fast pace suggests, so it depends heavily on price band and property condition.
Why did Park City's median sale price jump to $2,514,440 in July? ▾
With only 43 closings, this figure should be read cautiously — it's a small sample, and July's sales skewed heavily toward the over-$700K tier, which accounted for 39 of the 43 sales at a $2,925,000 median. That mix shift toward higher-end closings, not a broad price increase, is driving the jump from June's $1,855,000.
How much has the recent rate increase affected buying power in Park City? ▾
The 30-year rate climbed 0.25 percentage points over the past 30 days, from 6.625% to 6.875%, adding $334 a month to the payment on a median-priced $2,514,000 home. Compared to February's 6.19% low, buyers today pay $907 more a month for the same loan amount.
Why are homes selling so fast in Park City if fewer are actually closing? ▾
Median days on market fell to 4 in July, the fastest pace of the past six months, but sold counts dropped to 43 from 64 in June. That combination usually means serious buyers are moving quickly on well-priced listings while a large share of the 1,027 active listings sit without much interest.
Should sellers expect multiple offers in Park City this summer? ▾
Not broadly — only 5 of July's 43 sales closed above list price, while 34 sold below list. The fast days-on-market number reflects how quickly the right buyer commits, not competition among many buyers, so price to the market rather than expecting a bidding war.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
44 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 4 · 25th percentile 0 · 75th percentile 16
Needed a price change
Sold listings that had a recorded price change before close
4 of 44 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Aspen Springs Ranch 2 sold · $6,575K · 9d
- 2. Highland Estates 2 sold · $1,990K
- 3. Park Avenue Condominiums 2 sold · $973K
- 4. Montage Deer Valley 1 sold · $17,625K
- 5. Palisades Subdivision 1 sold · $10,475K · 0d
July 2026 by property type
How each housing type performed last month — 44 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 44 | 82 | -46.34% | 419 | 523 | -19.89% |
| Median Sale Price | $2,422,220 | $1,797,500 | +34.75% | $2,006,756 | $2,059,047 | -2.54% |
| Median DOM | 4 | 20 | -80.00% | 31 | 29 | +6.90% |
| Sale-to-List Ratio | 97.71% | 97.13% | +0.60% | 96.85% | 97.11% | -0.27% |
Past months
Browse historical Park City reports — each month's snapshot stays at its own permanent URL.
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.