If you've been watching the Park City luxury market, February 2026 brought some genuinely interesting numbers. The data below comes from the Institute for Luxury Home Marketing, the leading authority on luxury residential real estate. Whether you're thinking about buying, selling, or just keeping tabs on where the market stands, here's a straightforward breakdown of what the latest data actually means for you.
The Big Picture: A Balanced Market
Both the single-family and attached luxury segments are sitting in balanced market territory right now, meaning neither buyers nor sellers hold a commanding edge. That's actually a healthy place to be — pricing stays realistic, and well-prepared buyers can still find opportunity while serious sellers are seeing strong demand.
The luxury benchmark for single-family homes starts at $1,500,000, and for attached homes (condos, townhomes) it's $1,100,000.
Single-Family Luxury Homes
Prices Are Up — Significantly
The median luxury sales price for a single-family home in Park City hit $3,815,500 in February 2026. That's a 35% increase compared to February 2025, when the median sat at $2.83 million. Price per square foot is also up, now at $937 per sq. ft. compared to $767 a year ago — a 22% jump.
Put simply: Park City luxury homes are worth considerably more than they were just 12 months ago.
Homes Are Moving Much Faster
This is probably the most striking stat in the report. The median days on market dropped from 72 days in February 2025 to just 23 days in February 2026 — a 68% decrease. That's a dramatic shift, and it tells you that well-priced homes aren't sitting around.
If you're a seller, that's great news. If you're a buyer, it means you need to be ready to move quickly when the right property comes up.
Sales Volume Is Growing
There were 26 single-family luxury sales in February 2026, up 30% from 20 sales in February 2025. Total inventory stands at 181 homes, producing a 14% sales ratio — right in the balanced market zone.
Where the Action Is
The most competitive price band right now is $8,000,000–$8,999,999, with a 57% sales ratio. That's firmly a seller's market at that level. For buyers in that range, competition is real and moving decisively matters.
Homes are selling at a median of 95.93% of list price, so sellers are getting close to asking — and buyers can typically expect a modest, reasonable negotiation rather than deep discounts.
Attached Luxury Homes (Condos & Townhomes)
A Different Story
The attached home segment is telling a different story from single-family. While inventory has grown significantly — up 66% year-over-year to 149 units — sales volume actually dipped 32%, with 19 sales in February 2026 compared to 28 a year ago.
The median sales price came in at $1,924,700, and days on market rose to 47 days (up from just 10 days in February 2025). This segment has more breathing room for buyers right now.
The Exception: The $2.8M–$3.1M Range
Even within the attached market, not every price band is slow. The $2,800,000–$3,099,999 range is extremely active with a 75% sales ratio — that's a strong seller's market within an otherwise balanced segment. If you own a luxury condo in that price range, conditions are very favorable for you.
Sellers Still Getting Close to Ask
Despite the slower pace, attached home sellers are still achieving 97.45% of list price — slightly better than single-family homes. So while homes are taking longer to sell, buyers aren't winning major price concessions.
What This Means If You're a Buyer
- Single-family homes are moving fast. Get pre-approved and know your priorities before you start touring.
- The attached market offers more selection and a bit more time to decide — especially outside of the $2.8M–$3.1M band.
- Prices have risen sharply over the past year. If you've been waiting for a dip, the data doesn't suggest one is coming soon.
What This Means If You're a Seller
- Single-family luxury is performing exceptionally well — median prices are up 35% and homes are selling in under a month.
- If you're selling an attached home, price it strategically. Inventory is plentiful and buyers have more options than they did a year ago.
- The $8M+ single-family range and the $2.8M–$3.1M attached range are both seller-favorable right now.
Ready to Explore Park City Luxury Listings?
The Park City luxury market is active, nuanced, and moves quickly. Whether you're searching for your next home or considering a sale, having current, accurate data on your side makes all the difference.
Browse current Park City luxury listings and find your next opportunity today.
Have questions about what these numbers mean for your specific situation? Reach out — I'm happy to walk you through the market in more detail.
Data sourced from the Institute for Luxury Home Marketing, March 2026 Report — Park City, Utah. All figures reflect February 2026 activity. Additional local market context from the Park City Area Association of REALTORS.
