Q1 Real Estate Market Recap in Park City, Utah

Park City Q1 Real Estate Recap: What the Numbers Are Telling Us

Stats are in the first quarter of 2025 for Park City, Utah's real estate market - continuing to show strength and stability, even amid broader economic uncertainty. From limited inventory to standout neighborhood trends, here’s what you need to know if you’re buying, selling, or watching the market closely:

Inside Park City Limits: A Market Holding Steady

• Sales are up 9% year-over-year, but price growth is modest — a likely result of tight inventory.

• Just 69 single-family homes are currently on the market, compared to 128 sales last year. That puts us at about 6 months of inventory — a classic sign of a balanced, but competitive, market.

Neighborhood Spotlight: Park Meadows

Park Meadows continues to shine. While only two more homes sold than last year (32 total), prices surged:

• Median price jumped 18% to $3.7M

• Average price rose 17% to $4.2M

This micro-market is a standout — commanding attention for both its performance and its desirability.

Snyderville Basin: Promontory's Power Play

Promontory continues to dominate activity in the Basin:

• 25% of all listings and 25% of sales occurred in Promontory

• Those accounted for 39% of total sales volume — showing just how strong and premium this community is.

Other Notable Neighborhood Trends

• Jeremy Ranch: Sales up 5%, median price increased 10% to $1.9M

• Pinebrook: Huge 55% jump in sales, but prices held steady at $1.75M

• Midway: 24% increase in sales, but prices remained flat — showing strong interest balanced by affordability

Condo Market: Big Moves in Small Spaces

• Park City condos: Sales up 12%, with median prices soaring 28% to $1.9M

• Upper Deer Valley: Fewer units sold, but the median price spiked 82% to $4.2M

Luxury buyers are clearly still engaged, especially in condo markets with lifestyle appeal.

The Bottom Line and Bigger Picture: Steady Momentum

In Greater Park City overall:

• Pending contracts are up 4%

• Closed transactions rose 15% year-over-year

Even with economic uncertainty on the global stage, the Park City market is proving resilient — driven by lifestyle buyers and long-term investors who see lasting value here.

Inventory Is Telling us Mixed and Expanding Story

• Total listings are flat year-over-year

• Single-family homes: Listings up 30%

• Vacant land: Listings down 29%

• Post-pandemic, inventory levels remain about 30% below the 10-year average.

• It feels tighter because the geographic footprint of Greater Park City has expanded — from Coalville to Eden in the north, and Heber to Midway in the south — spreading listings (and statistics) across more ground.

Thinking of Making a Move?

Whether you’re looking to buy, sell, or invest, Park City’s market remains full of opportunity — especially if you know where to look. I’m here to help you navigate every step with insights you can trust.

Let’s connect and talk through what these numbers mean for your specific goals.
Your next move starts with a smart conversation. Reach out via email [email protected] or phone 435.901.1280.