Park City Real Estate in August 2026: Single-Family Homes Are Hot, Condos Are Cooling

If you have been watching the Park City market and feeling like you cannot get a straight answer, you are not alone. The honest truth is that there is not one Park City market right now, there are two, and they are moving in opposite directions. Let me break down what I am actually seeing on the ground so you can make a smart, clear-headed move instead of a fearful one.

Single-Family Homes Are Still Moving Fast

Through the first half of 2026, Park City recorded 209 single-family home sales at a median price of $3,160,000. Homes in this segment sold in a median of 27 days for the half, and in the second quarter that number dropped to as low as 10 days. When well-priced single-family homes are going in a week and a half, that tells you demand for real houses on real lots is still very much alive up here.

The Condo Market Is a Different Story

Condos and townhomes are telling a different story. That segment posted 201 closings, almost as many as single-family, but they sat noticeably longer at a median of 39 days. There is more inventory to choose from and more room to negotiate on HOA costs, rental rules, building condition, and ski access. If you are a buyer, this is where your leverage is right now.

What About Price Per Square Foot?

Here is a number that surprises people. The median price per square foot in the first half of 2026 was $788 for single-family homes and $960 for condos and townhomes. Condos look more expensive per foot because so many of them are smaller, ski-oriented resort units in premium locations. Do not read that as condos being the better value, read it as you paying for location and convenience.

Inventory Is Finally Loosening Up

For years the story in Park City was that there was simply nothing to buy. That is changing. Active listings across the area are up roughly 14 percent year over year. More choices means less of the panic buying we saw a couple of years ago. That said, sellers of good single-family homes are still getting about 97.6 percent of their asking price, so make no mistake, this is not a fire sale.

Do Not Forget the Rest of the Wasatch Back

If Park City proper is out of reach, look one valley over. In March 2026 the median sale price in Heber was about $704,000, compared with roughly $1,112,000 in Midway and well over $3,000,000 in Park City. The Deer Valley East Village expansion above the Jordanelle is pulling ski access and value toward the Wasatch County side, which is exactly why buyers who want newer construction and mountain views are giving the Heber Valley a serious look.

What This Means for You

If you want a single-family home in Park City, be ready to move quickly and come in clean, because the good ones still go fast. If you are open to a condo, take your time and negotiate hard, you have more leverage than buyers did a year ago. And if the Park City price tag is a stretch, the rest of the Wasatch Back gives you a real path into the same mountains for a lot less.

Thinking About Moving to Utah? Let's Talk.

Utah is one of the fastest-growing states in the entire country, and navigating the cultural landscape alongside the real estate market takes genuine local expertise. Whether you're considering Salt Lake County, Utah County, Davis County, or further out — finding the right neighborhood for your lifestyle, budget, and long-term goals makes all the difference.

My team and I work exclusively with buyers and sellers navigating the Utah real estate market. We help you cut through the noise, match the right submarket to your specific lifestyle and priorities, and make sure you're buying from a position of clarity — not FOMO.

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