The Park City real estate market continued to experience steady growth, stable inventory, and seasonal activity during the first quarter of 2025. In the primary market, which includes Summit and Wasatch counties, single-family sales volume increased 21% year over year as the median sales price remained stable across the region at $1.67 million. Condominium sales were also strong as 20% more sales units were reported while the median price was also level at $1.15 million.
The inventory of available single-family and condominium homes remained tight throughout the year. 3,054 residential properties were listed through PCMLS for the year ending 3/31/25 compared to 2,777 for the same period the year before, a 10% increase. But 1,954 residences were sold through Q1-25, up from 1,637 in the year prior, a 19% increase, more than covering the increased number of listings. As of March 31, 2025, there were 866 homes (single-family and condominiums) for sale, up 4.7% year over year.
The total sales volume for single-family homes in Summit and Wasatch counties for the full year ending 3/31/25 was up 21% from the same period a year earlier. Prices remained steady with the median home sale price in the PCMLS primary market area holding at $1.66 million for the year.
Condominium sales mirrored those of single-family homes. Sales units were up 19% year over year, and the median sale price rose just 1% to $1.15 million.
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