2025 | Q2
Park City | Snyderville Basin | Jordanelle | Heber Valley | Kamas Valley
Single-Family Home • CondO • LAND
Market Report
4 7 8 10 12 14 16
2025 Q2 Overview Major Areas Summary Park City Limits Snyderville Basin Jordanelle Heber Valley Kamas Valley
1735 Red Hawk Trail ParkCity, UT 8409
Table of Contents
The Q2 2025 terrain was mixed. On the demand side, closed sales dipped 6% year-over-year, but pended sales climbed 10%, hinting at a stronger Q3, typically our busiest quarter. So while the summit isn’t in sight just yet, the trail ahead looks more promising, albeit, full of risks. Park City’s market often floats above the national turbulence thanks to our cash-heavy buyer pool, but we’re not immune to economic headwinds – tariff uncertainty and high interest rates continue to buffet the climb. Risk still matters, even at altitude. The real bright spot is inventory, which topped 1,000 units for the first time in nearly five years. About 25% of that bump is due to slower sales, but the rest reflects healthy additions – new and existing listings that give the market room to breathe. Prices continue to rise, as if the rich and famous are racing to our very expensive doorstep. Nationally, the median home or condo sits at $422,800 (up 1.3%), while in our market, GPC saw a 8.7% rise to a median price of over $1.63M or nearly four times the national average. Strip out new construction, and we’re closer to a 3.2% increase, more in line with national trends. Looking ahead, we’re navigating both fog and clear skies. Recession risks loom, driven by trade policy and immigration uncertainty, but tax policy has stabilized, and a rate cut could bring tailwinds in the second half.
Park City Real Estate
The Q2 2025 terrain was mixed. On the demand side, closed sales dipped 6% year-over-year, but pended sales climbed 10%, hinting at a stronger Q3 – typically our busiest quarter. So while the summit isn’t in sight just yet, the trail ahead looks more promising, albeit, full or risks. Park City’s market often floats above the national turbulence thanks to our cash-heavy buyer pool, but we’re not immune to economic headwinds—tariff uncertainty and high interest rates continue to buffet the climb. Risk still matters, even at altitude. The real bright spot is inventory, which topped 1,000 units for the first time in nearly five years. About 25% of that bump is due to slower sales, but the rest reflects healthy additions – new and existing listings that give the market room to breathe. Prices continue to rise, as if the rich and famous are racing to our very expensive doorstep. Nationally, the median home or condo sits at $422,800 (up 1.3%), while in our market, GPC saw a 8.7% rise to a median price of over $1.63M or nearly four times the national average. Strip out new construction, and we’re closer to a 3.2% increase—more in line with national trends. Looking ahead, we’re navigating both fog and clear skies. Recession risks loom—driven by trade policy and immigration uncertainty—but tax policy has stabilized, and a rate cut could bring tailwinds in the second half.
13341 N Deer Canyon Dr Heber City, UT 84032
Narrative by Rick Klein, Park City Board of REALTORS®
Data sourced from PCMLS for the period of 04/01/2025 to 06/30/2025. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Median Sold Price | 2021 - 2025 Q2 | All Major Areas
Number of Sold Properties
Park City | Snyderville Basin | Jordanelle | Kamas Valley | Heber Valley
All Major Areas | {{page}}
Major Areas Summary
23
Median Days on Market
Median Sold Price
Single-Family Homes
$2,050,000
245
15
Q2 2025 Total Properties Sold
80
83
Q2 2024 Total Properties Sold
Park City Limits
Park City Limits | {{page}}
$4,033,000
Median Sold Price | 2021 - 2025 Q2 | Park City Limits
25
146
119
Median Sold Price | 2021 - 2025 Q2 | Snyderville Basin
Snyderville Basin
22.5
$2,575,000
84
Snyderville Basin | {{page}}
$3,963,500
Jordanelle
24
162
Jordanelle | {{page}}
14.5
Median Sold Price | 2021 - 2025 Q2 | Jordanelle
Heber Valley | {{page}}
129
Heber Valley
93
$1,100,000
97
Median Sold Price | 2021 - 2025 Q2 | Heber Valley
Kamas Valley | {{page}}
81
26
Kamas Valley
41
Median Sold Price | 2021 - 2025 Q2 | Kamas Valley
$1,150,000
19
©2025 Engel & Völkers. All rights reserved. Information provided by Park City Board of Realtors. Numbers are approximate. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.
2698 W Deer Hollow Ct Heber City, UT 84032
Engel & Völkers Park City 890 Main Street Suite 5101 Park City, UT 84060 (435) 850-7000 parkcity.evrealestate.com @evparkcity