Public-source market research

Utah Real Estate Market Research

Ten original, dated studies for comparing Park City, Summit County, Wasatch County, Midway, and Salt Lake City. Every report names its geography, period, method, source, and limits.

Open mountain terrain above the Snyderville Basin near Park City

ZIP-level modelled home values

Promontory’s ZIP Code, 2020 to 2026

Public data can answer the area question, not the club question. The ZIP code that contains Promontory, 84098, rose 70.1% from February 2020 to August 2026, reaching a typical home value of $1,382,166, per [Zillow Research’s ZIP-level index](https://www.zillow.com/research/data/) retrieved October 4, 2026. That is ahead of Salt Lake City’s 84106 at 50.2% and Holladay’s 84117 at 51.9%, and behind Old Town Park City’s 84060 at 104.6%. The most recent twelve months added 4.8%, a far calmer market than the one that produced the six-year figure. No public index measures Promontory itself: 84098 covers much of the Snyderville Basin, and club membership and dues sit outside every number here. This report publishes the series, then states the four things it cannot settle for a specific home.

ZIP: 84098 (Snyderville Basin, Park City), compared with 84060, 84117 and 84106

February 2020 through August 2026, with August 2019, 2021, 2023 and 2025 checkpoints

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Housing occupancy and seasonal use

Why Park City Costs What It Does

Because most of its homes are not lived in year-round. 48.6% of Park City’s 8,701 housing units are held for seasonal, recreational or occasional use, against 3.7% across Utah, per [American Community Survey 2024 5-year estimates](https://censusreporter.org/profiles/16000US4958070-park-city-ut/) covering 2020 through 2024. Counting every vacancy, 58.7% have no year-round occupant, and 82.9% of those vacant units are second homes rather than homes awaiting a buyer. The city’s typical home is valued at $1,757,800 against $489,400 statewide, on a median household income of $133,558. A home competing for a buyer whose income is earned in another state is not tethered to local wages, and the stock genuinely available to a year-round resident is roughly half the apparent supply. This report sets Park City beside Summit County and Utah on one release.

PLACE: Park City city, Utah; COUNTY: Summit County; compared with Utah

American Community Survey 2024 5-year estimates, covering 2020 through 2024

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Tree-lined residential street in Holladay, Utah

Place-level census measures

Holladay, Utah by the Numbers

Yes, by every standard census measure. Holladay’s median household income is $117,043, which is 23% above Utah’s $95,166 and 45% above the United States figure of $80,734, per [American Community Survey 2024 5-year estimates](https://censusreporter.org/profiles/16000US4936070-holladay-ut/) covering 2020 through 2024. Its typical home is valued at $763,400 against $539,500 in Salt Lake City, its median gross rent is $1,704, and 78.7% of its homes are owner-occupied against 45.8% in the city. Residents are older and more credentialed than the state as a whole: a median age of 40.6 against 32.0, and 59.2% holding a bachelor’s degree or higher against 37.7%. This report sets each figure beside Salt Lake City, Utah and the United States on one release, states the margins of error the Census Bureau publishes alongside them, and says plainly what a city-wide median cannot describe about an individual street.

PLACE: Holladay city, Utah, compared with Salt Lake City city, Utah and the United States

American Community Survey 2024 5-year estimates, covering 2020 through 2024

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Salt Lake City skyline with the Wasatch Mountains

City-level modeled home values

Park City Home Values in Context, 2019 to 2026

Zillow’s modeled typical home value rose much faster in Park City and Midway than in Salt Lake City between February 2020 and August 2026. Park City went from $888,982 to $1,607,176, a gain of 80.8%. Midway rose 74.6%, from $538,188 to $939,463. Salt Lake City rose 44.1%, from $396,873 to $572,003, per [Zillow Research’s public home value data](https://www.zillow.com/research/data/) retrieved September 29, 2026. The most recent year was far quieter than the headline six-year figures suggest: Park City added about 5.0%, Midway 3.7% and Salt Lake City 2.4%. Most of the separation happened between February 2020 and August 2021, when Park City alone gained more than $348,000. This report sets the three cities on one index at four checkpoints, so the long-run gap and the recent slowdown can be read separately rather than collapsed into a single growth number.

CITY: Park City, Salt Lake City, and Midway, Utah

February 2020 to August 2026, with August 2021 and August 2025 checkpoints

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Closed-sale market conditions

Park City Negotiating Conditions, August 2026

Park City’s closed-sale indicators for the three months ending August 2026 point in two directions at once, which is why neither “buyer’s market” nor “seller’s market” fits. The median sale price was $2,311,283, up 5.3% year over year, while homes took a median 53 days to sell, ten days longer than a year earlier, and closed at 95.9% of list price, per [Redfin’s Park City housing market data](https://www.redfin.com/city/15045/UT/Park-City/housing-market) recorded September 29, 2026. Only 4.9% of homes sold above list, and 28.9% had a price drop. Sales volume fell 31.6% to 84 homes. Summit County shows the same 95.9% sale-to-list ratio on a $1,653,367 median. A market-wide ratio does not authorise an automatic discount on any particular home, and this report sets out which address-level questions those figures should prompt instead.

CITY: Park City; COUNTY: Summit County, Utah

Three months ending August 2026

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Summit County mountain community landscape

County-level for-sale inventory

Summit County Listing Inventory, 2019 to 2026

Summit County had 891 active listings in August 2026, more than double the 360 of August 2021 but still below the 1,031 recorded in August 2019, per [Realtor.com Economic Research county inventory data](https://www.realtor.com/research/data/) retrieved September 29, 2026. Inventory has rebuilt for five consecutive Augusts without returning to its pre-2020 shape. The supporting measures have changed with it: median days on market stood at 75, three days faster than August 2025 but 20 days quicker than 2019’s 95, and the share of listings with a price reduction was 14.17%, against 9.52% in 2019 and 5.82% at the 2021 low. The median list price of $1,596,750 is below 2023’s $1,890,000. This report lays out eight consecutive Augusts so the recovery can be judged against a pre-pandemic baseline rather than against the shortage year alone.

COUNTY: Summit County, Utah

August observations, 2019 through 2026

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Adjacent county comparison

Summit and Wasatch County Market Split, August 2026

Summit and Wasatch Counties carried similar median asking prices in August 2026, $1,596,750 and $1,562,500, but almost every supporting indicator diverged, per [Realtor.com Economic Research county data](https://www.realtor.com/research/data/) retrieved September 29, 2026. Summit’s median was down 3.2% year over year while Wasatch’s was up 15.7%. Summit carried 891 active listings against 741, sold in a median 75 days against 81, and recorded 188 new listings against 124, a 27.9% drop in Wasatch. Pending listings fell 0.7% in Summit and 10.8% in Wasatch, and the price-reduced share reached 15.26% in Wasatch against 14.17% in Summit. Median list price per square foot tells the clearest story: $826 in Summit against $534 in Wasatch. Two counties with nearly identical headline medians are not selling the same product, and this report separates them measure by measure.

COUNTY: Summit County and Wasatch County, Utah

August 2026

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Park City mountain real estate in Empire Pass

MLS-region closed transactions

Park City MLS Property-Type Rotation, Q2 2026

The Park City MLS region did not move as one market in the second quarter of 2026. Across all property types there were 669 transactions worth $1.358 billion, up 10% in units and 7% in volume year over year, per the [Park City Board of REALTORS 2026 second-quarter statistics](https://parkcityrealtors.com/2026/09/2026-2nd-quarter-statistics/) published September 3, 2026. Underneath that total, single-family sales rose 6% to 319 closings worth $840.9 million, condominium sales fell 2% to 203 closings, and land closings jumped 46% to 147. The rolling twelve months tell the same story more sharply: single-family units up 8% and volume up 15%, condominium units down 14%. The land surge was concentrated in particular subareas rather than spread across the region, which is why this report separates the property types instead of reporting a regional average.

REGION/MLS: Park City Board of REALTORS service area in Summit and Wasatch Counties

Q2 2026 and rolling 12 months ending June 30, 2026

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Utah State Capitol and Salt Lake City landscape

Cross-market decision context

Park City Versus Salt Lake City Market Pace, 2026

Park City carried a much higher typical value than Salt Lake City through August 2026, while Salt Lake City moved considerably faster. Zillow put Park City’s typical home value at $1,607,176 against $572,003, per [Zillow Research](https://www.zillow.com/research/data/) dated August 31, 2026. Redfin’s three-month measures show a $2,311,283 median sale price in Park City against $638,078 in Salt Lake City, but 53 median days on market against 36, a 95.9% sale-to-list ratio against 98.3%, and 4.9% of homes selling above list against 19.4%, per [Redfin’s Salt Lake City market data](https://www.redfin.com/city/17150/UT/Salt-Lake-City/housing-market) recorded September 29, 2026. Salt Lake City also recorded 540 sales against 84. The two markets differ in housing mix, buyer pool and geography, so this report keeps their measures separate rather than declaring one stronger.

CITY: Park City and Salt Lake City; COUNTY context: Summit and Salt Lake Counties, Utah

August 2026, with Zillow values dated August 31 and Redfin three-month measures ending August

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Condominium buildings and mountain landscape at Canyons Village

Condominium geography and product mix

Park City Area Condominium Markets, Q2 2026

The Park City-area condominium market moved in different directions by area in the second quarter of 2026. The primary market recorded 189 sales worth $320.0 million, down 6% year over year, with a median of $1.167 million, per the [Park City Board of REALTORS 2026 second-quarter statistics](https://parkcityrealtors.com/2026/09/2026-2nd-quarter-statistics/) published September 3, 2026. Jordanelle rose 19% to 64 sales at a $1.239 million median, while Park City proper fell 11% to 47 sales at a $2.325 million median and Snyderville Basin fell 3% to 58 sales at $1.130 million. Heber Valley dropped 64%, from 33 sales to 12, at a $450,000 median. Kamas Valley recorded 8. Those area medians reflect which units happened to close, not a uniform change in value, and this report shows why product mix drives the differences.

REGION/MLS: Park City Board of REALTORS areas in Summit and Wasatch Counties

Q2 2026 compared with Q2 2025; selected rolling 12-month context ending June 30, 2026

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Open land and mountain homes in Promontory

Land transaction geography

Wasatch Back Land-Sale Concentration, Q2 2026

Wasatch Back land sales rose sharply in the second quarter of 2026, but the increase was concentrated rather than regional. The primary market recorded 144 land closings, up 58% from 91 a year earlier, worth $180.5 million at a $1.200 million median, per the [Park City Board of REALTORS 2026 second-quarter statistics](https://parkcityrealtors.com/2026/09/2026-2nd-quarter-statistics/) published September 3, 2026. Jordanelle alone accounted for 70 of those sales, 48.6% of the total, worth $98.3 million. Snyderville Basin rose from 12 sales to 32. South Jordanelle and Promontory together reported 62 sales, so two subareas explain most of the regional figure. Heber Valley recorded 22 at a $487,000 median and Park City proper just 2. A regional land statistic cannot price a parcel, and this report sets out the diligence that actually decides a land purchase.

REGION/MLS: Park City Board of REALTORS areas in Summit and Wasatch Counties

Q2 2026 compared with Q2 2025; selected rolling 12-month context ending June 30, 2026

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Single-family mountain home in the Wasatch Back

Single-family transaction geography

Wasatch Back Single-Family Areas, Q2 2026

The five broad single-family areas of the Wasatch Back had very different transaction pools in the second quarter of 2026. Heber Valley recorded the most sales at 97, worth $147.2 million at a $940,000 median, while Park City proper recorded 29 sales at a $3.800 million median, per the [Park City Board of REALTORS 2026 second-quarter statistics](https://parkcityrealtors.com/2026/09/2026-2nd-quarter-statistics/) published September 3, 2026. Snyderville Basin recorded 77 sales at $2.250 million, Jordanelle 24 at $3.669 million, and Kamas Valley 22 at $595,000. Selected luxury subareas rest on samples as small as one to 17 sales: Empire Pass shows a single $25 million transaction, which is a fact about one home rather than a market level. This report publishes the area table so a comparable set can be chosen deliberately instead of borrowed from a regional median.

REGION/MLS: Park City Board of REALTORS areas in Summit and Wasatch Counties

Q2 2026 compared with Q2 2025; selected rolling 12-month context ending June 30, 2026

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Salt Lake City and the Wasatch Mountains

County listing adjustment signals

Utah Listing Repricing, January to August 2026

The share of listings carrying a price reduction rose steadily from January to August 2026 in both Wasatch and Salt Lake Counties, and active inventory rose with it, per [Realtor.com Economic Research county data](https://www.realtor.com/research/data/) retrieved September 29, 2026. In Wasatch County the reduced share went from 7.42% to 15.26%, a rise of 7.84 percentage points, while active listings grew from 544 to 741. In Salt Lake County the share moved from 19.24% to 30.43%, up 11.19 points, on inventory that grew from 2,088 to 3,366. Summit County reached 14.17% in August. The pattern is month-by-month and partly seasonal: more listings accumulate through spring and summer, and more of them reprice. It does not establish that any individual listing was overpriced, and this report sets out what a reduction should prompt a buyer to ask.

COUNTY: Wasatch and Salt Lake Counties, Utah; Summit County limited to quality-flag-0 July and August rows

January through August 2026

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