What is happening in the Park City luxury real estate market in April 2026?
Park City's luxury single-family market is a seller's market with a 28% sales ratio and a median sales price of $3,775,000 as of March 2026, while the attached home market has shifted to balanced, with rising inventory and a median price of $2,400,000.
A Split-Market Story in Park City
If there's one takeaway from this month's Park City luxury real estate data, it's that the market is telling two very different stories. Single-family homes are moving fast and close to list price. Condos and townhomes are sitting longer, with inventory rising quickly.
This kind of split doesn't show up often, and it changes the playbook for both buyers and sellers. Whether you own a ski-access cabin in Old Town or you're shopping for a Deer Valley condo, the numbers below will change how you think about your next move.
All data in this report is sourced from the Institute for Luxury Home Marketing April 2026 Park City, Utah Luxury Report, which tracks properties at or above the local luxury benchmark price.
Park City Single-Family Luxury Homes: A Seller's Market
The Park City luxury homes market for single-family properties is running hot. With a luxury benchmark price of $1,500,000, the single-family segment posted a 28% sales ratio in March 2026, firmly in seller's market territory.
Single-Family Key Numbers (March 2026)
- Total inventory: 162 homes (down 14% year-over-year)
- Total solds: 46 homes (up 31% year-over-year)
- Median sales price: $3,775,000 (down 3% year-over-year)
- Sale-to-list price ratio: 97.34% (up 1%)
- Median days on market: 25 (down from 55 in March 2025, a 55% decrease)
- Sale price per square foot: $780 (down 7% year-over-year)
What's Driving the Activity
Inventory is tighter than it was a year ago, and buyers are acting faster. The hottest price band is $3,500,000 to $3,999,999, where the sales ratio hit 78%. In that segment, nearly eight out of every ten listings are finding a buyer in any given month.
The drop in days on market is the number to watch. A home that would have sat for roughly eight weeks last spring is now going under contract in under four. Buyers looking in the Wasatch Range are prepared, pre-qualified, and decisive.
What This Means If You're Selling
If you own a single-family home in Park City UT or the surrounding Summit County area, this is a favorable window. Pricing at market is being rewarded with fast offers at 97%+ of list. The key phrase there is "at market." Overpriced listings are still sitting, and the buyer pool is experienced enough to recognize the difference.
If you've been considering a move, now is the right time for a proper valuation. A ski-access location, a mountain view, or recent finishes can meaningfully shift the final number.
What This Means If You're Buying
The inventory is leaner than last year, but 46 single-family homes sold in March. Deals are still getting done. The buyers winning right now have their financing in order, they know which neighborhoods match their priorities, and they're ready to tour quickly when the right listing posts.
Park City Attached Homes: Shifting to Balanced
The Park City condos for sale and townhome segment is running on very different math. With a luxury benchmark price of $1,100,000, the attached home market posted a 12% sales ratio in March 2026, right at the edge of balanced market territory.
Attached Home Key Numbers (March 2026)
- Total inventory: 150 units (up 58% year-over-year)
- Total solds: 18 units (down 53% year-over-year)
- Median sales price: $2,400,000 (down 40% year-over-year)
- Sale-to-list price ratio: 97.88% (up 1%)
- Median days on market: 69 (up from 3 days in March 2025)
- Sale price per square foot: $1,168 (down 24% year-over-year)
What's Driving the Shift
Inventory has grown meaningfully since last spring, and sales volume has pulled back. The median price drop of 40% reflects a shift in which homes are actually closing, not a 40% decline in any one property's value. A year ago, the median was skewed by a handful of high-end closings. This year the mix is broader, including more condos at and slightly above the $1.1M benchmark.
Interestingly, the $3,800,000 to $4,199,999 price band is the hottest in the attached segment, with a 50% sales ratio. Buyers at that level are still active and still transacting.
What This Means If You're Buying a Condo or Townhome
This is the best condo buying window Park City has seen in a couple of years. You have more to choose from, prices have softened, and sellers have been on market long enough to be open to negotiation. If you've been watching the Park City ski homes and resort-adjacent condo market, this is a climate where you can take your time, tour thoughtfully, and write an offer with leverage.
What This Means If You're Selling a Condo or Townhome
Pricing discipline is everything here. The 69-day median on market shows the cost of mispricing a condo right now. The listings that are selling close near list price (97.88%), but you have to be priced correctly from day one. Overpriced condos are adding to the inventory stack rather than moving.
The Park City Market in Context
Park City luxury real estate has always carried seasonal and segment-specific nuance. Resort-market buyers behave differently from primary-residence buyers, and spring shoulder season tends to look different from either peak winter or peak summer.
The lifestyle fundamentals that make Park City what it is are unchanged: world-class skiing at Deer Valley and Park City Mountain, four-season recreation, a walkable Main Street in Old Town, and straightforward access to Salt Lake City International Airport. Those drivers continue to pull in out-of-state buyers and vacation home purchasers who aren't going to time the market for a 3% price difference.
What's changed this month is the gap between single-family and attached. Understanding that gap is the difference between a strong pricing strategy and a long days-on-market number.
Key Takeaways: Park City Real Estate, April 2026
- Single-family luxury: seller's market, 28% sales ratio, 25-day median DOM
- Attached luxury: balanced market, 12% sales ratio, 69-day median DOM
- Single-family inventory is down 14% year-over-year while sales are up 31%
- Attached inventory is up 58% year-over-year while sales are down 53%
- The $3.5M to $4M band is the most active in the single-family segment (78% sales ratio)
- The $3.8M to $4.2M band is the most active in the attached segment (50% sales ratio)
- Both segments are closing near 97-98% of list when priced correctly
Frequently Asked Questions
How much does a luxury home cost in Park City, Utah?
As of March 2026, the median luxury sales price for a single-family home in Park City is $3,775,000, and the median luxury sales price for an attached home is $2,400,000. The luxury benchmark price is $1,500,000 for single-family and $1,100,000 for attached homes, according to the Institute for Luxury Home Marketing.
Is Park City a seller's market or a buyer's market in 2026?
It depends on property type. The single-family luxury market is a seller's market with a 28% sales ratio in March 2026. The attached home (condo and townhome) market is a balanced market at 12%, with rising inventory and longer days on market creating more opportunity for buyers.
What is the average days on market for luxury homes in Park City?
The median days on market for single-family luxury homes in Park City was 25 days in March 2026, down from 55 days the prior year. For attached homes, the median was 69 days, up from 3 days the prior year.
Considering a Move in Park City?
Whether you're thinking about listing a single-family home while inventory is tight, or you're watching the condo market and waiting for the right moment, the numbers change quickly, and generic market reports only tell part of the story. Your neighborhood, your property type, and your timing all shift the strategy.
If you'd like a tailored analysis for your specific property or the area you're watching, call or text me at 406-599-7711, or visit ameliarealestateco.com to see what's currently on the market.
Amelia Turbyfill, REALTOR® | CLHMS, CLE, CREN, RCS-D
REAL Broker | Bozeman, Big Sky & Park City
Northwest Regional Director, REAL Luxury
406-599-7711 | ameliarealestateco.com
Data source: Institute for Luxury Home Marketing, April 2026 Park City, Utah Luxury Market Report.
