2025 | Q3
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
5329 N Lauralwood Street Heber City, UT 84032
Table of Contents
Demand remains as steady as a chairlift with both pended and closed sales rising slightly for Q3. The GPC area saw a 6.4% year-over-year increase in overall sales fairing considerably better than the -0.2% nationally. Condos in the basin were down slightly (less than 1%) and lot sales in the basin fell 5%. However, all others areas saw a considerable increase with single-family sales rising by ~20% for both Park City and the Basin. Also, while Park City experiences a high percentage of cash buyers, it appears our market is not exempt from the gravitational drag of interest rates. Similarly, supply continues to inch upward. For the overall market, inventory listings increased by 4.3% with Q3 cresting over first 1,000 units of inventory for the first time in five years. Much of this oxygen in the market came from fresh listings and new developments giving buyers more choices with exciting new product. Overall prices continue to rise at an eye-popping rate. The median price for existing property in GPC jumped 26% over the past year; the kind of increase that makes appraisers reach for oxygen tanks. Once the influx of new builds is factored in, the increase moderates to a still-heady 6.7%, a far cry from the 2% national increase. The cost of a single-family property is staggering: median price in Park City now exceeds $4 million while in the basin the median price is over $2.8 million. We not only live in a bubble, but at a very high altitude. We live in a paradox: insulated yet influenced by national economics. High interest rates, political noise, tariffs, and the occasional government shutdown make it hard to read the gauges; we are in a fog as to current inflation and employment data as market volatility increases. Yet, despite the angst, uncertainty, and constant headlines predicting doom, Park City’s market keeps progressing along quietly outperforming expectations.
Park City Real Estate
Demand remains as steady as a chairlift with both pended and closed sales rising slightly for Q3. The GPC area saw a 6.4% year over year increase in overall sales fairing considerably better than the -0.2% nationally. Condos in the basin were down slightly (less than 1%) and lot sales in the basin fell 5%. However, all others areas saw a considerable increase with single-family sales rising by ~20% for both Park City and the Basin. Also, while Park City experiences a high percentage of cash buyers, it appears our market is not exempt from the gravitational drag of interest rates. Similarly, supply continues to inch upward. For the overall market, inventory listings increased by 4.3% with Q3 cresting over first 1,000 units of inventory for the first time in five years. Much of this oxygen in the market came from fresh listings and new developments giving buyers more choices with exciting new product. Overall prices continue to rise at an eye-popping rate. The median price for existing property in GPC jumped 26% over the past year; the kink of increase that makes appraisers reach for oxygen tanks. Once the influx of new builds is factored in, the increase moderates to a still-heady 6.7%, a far cry from the 2% national increase. The cost of a single family property is staggering: median price in Park City now exceeds $4 million while in the basin the median price is over $2.8 million. We not only live in a bubble, but at a very high altitude. We live in a paradox: insulated yet influenced by national economics. High interest rates, political noise, tariffs, and the occasional government shutdown make it hard to read the gauges; we are in a fog as as to current inflation and employment data as market volatility increases. Yet, despite the angst, uncertainty, and constant headlines predicting doom, Park City’s market keeps progressing along quietly outperforming expectations.
5166 Silver Springs Rd Park City, UT 84098
Narrative by Rick Klein, Park City Board of REALTORS®
Data sourced from PCMLS for the period of 07/01/2025 to 09/30/2025. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Median Sold Price | 2021 - 2025 Q3 | All Major Areas
Number of Sold Properties
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.
Park City | Snyderville Basin | Jordanelle | Kamas Valley | Heber Valley
All Major Areas | {{page}}
Major Areas Summary
44
Median Days on Market
Median Sold Price
Single-Family Homes
$2,100,000
309
39.5
Q3 2025 Total Properties Sold
119
99
Q3 2024 Total Properties Sold
Park City Limits
Park City Limits | {{page}}
$4,000,000
Median Sold Price | 2021 - 2025 Q3 | Park City Limits
48
184
172
Median Sold Price | 2021 - 2025 Q3 | Snyderville Basin
Snyderville Basin
37
$2,300,000
102
Snyderville Basin | {{page}}
$4,431,785
Jordanelle
31
138
Jordanelle | {{page}}
127
Median Sold Price | 2021 - 2025 Q3 | Jordanelle
Heber Valley | {{page}}
129
Heber Valley
96
$1,140,524
56
157
Median Sold Price | 2021 - 2025 Q3 | Heber Valley
Kamas Valley | {{page}}
17.5
53
Kamas Valley
45
Median Sold Price | 2021 - 2025 Q3 | Kamas Valley
$1,300,000
32
©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.
867 S Summit Creek Dr Woodland Hills, UT 84653
Engel & Völkers Park City 890 Main Street Suite 5101 Park City, UT 84060 (435) 850-7000 parkcity.evrealestate.com @evparkcity