Closed-sale market conditions
Park City Negotiating Conditions, August 2026
Research question
What do Park City’s August 2026 closed-sale indicators suggest about negotiating conditions?
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 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.
Research by Kamee Shrope
Geography: CITY: Park City; COUNTY: Summit County, Utah
Period: Three months ending August 2026
$2.31M
Park City median sale price
+5.3% year over year
53 days
Park City median time on market
10 days longer year over year
95.9%
Park City sale-to-list ratio
All home types, city level
How can prices rise while homes take longer to sell?
Redfin reported 84 Park City sales for the period, down 31.6% year over year. The median sale price rose 5.3%, while median time on market increased by 10 days. Only 4.9% sold above list price, and 28.9% had a price drop.
A higher median does not mean every segment appreciated. The mix of homes closing in a small luxury market can move the median even when individual comparable sets behave differently.
Redfin all-home-types market measures, three months ending August 2026
| Measure | Park City | Summit County |
|---|---|---|
| Median sale price | $2,311,283 (+5.3%) | $1,653,367 (+8.4%) |
| Homes sold | 84 (-31.6%) | 114 (-20.4%) |
| Median days on market | 53 (+10 days) | 54 (+1 day) |
| Median sale price per sq. ft. | $948 (+0.1%) | $771 (+10.2%) |
| Sale-to-list ratio | 95.9% (-0.48 pp) | 95.9% (-1.2 pp) |
| Sold above list | 4.9% (+0.8 pp) | 5.6% (-1.4 pp) |
Sources: Redfin, Park City housing market, retrieved September 29, 2026; page reports three months ending August 2026. Redfin, Summit County housing market, retrieved September 29, 2026; page reports three months ending August 2026.
- Measure
- Median sale price
- Park City
- $2,311,283 (+5.3%)
- Summit County
- $1,653,367 (+8.4%)
- Measure
- Homes sold
- Park City
- 84 (-31.6%)
- Summit County
- 114 (-20.4%)
- Measure
- Median days on market
- Park City
- 53 (+10 days)
- Summit County
- 54 (+1 day)
- Measure
- Median sale price per sq. ft.
- Park City
- $948 (+0.1%)
- Summit County
- $771 (+10.2%)
- Measure
- Sale-to-list ratio
- Park City
- 95.9% (-0.48 pp)
- Summit County
- 95.9% (-1.2 pp)
- Measure
- Sold above list
- Park City
- 4.9% (+0.8 pp)
- Summit County
- 5.6% (-1.4 pp)
Sources: Redfin, Park City housing market, retrieved September 29, 2026; page reports three months ending August 2026. Redfin, Summit County housing market, retrieved September 29, 2026; page reports three months ending August 2026.
How should a buyer use market-wide figures when making an offer?
A 95.9% market-wide ratio does not authorize an automatic discount. Listing age, prior reductions, comparable closings, competing interest, property condition, seller priorities, and contract structure matter at the address level.
The useful next step is a property-specific evidence file: current status history, comparable closed and pending sales, inspection and document risks, carrying costs, and the terms that matter most to both sides.
How were these figures produced?
- 1.Recorded the current figures displayed on Redfin’s Park City and Summit County housing-market pages on September 29, 2026.
- 2.Kept city and county figures separate and retained Redfin’s three-month-ending-August-2026 period.
- 3.Reported percentage-point changes as percentage points, not percentages.
What are the limits of this data?
- These are all-home-types summaries, not luxury-only, neighborhood-level, or property-specific statistics.
- Redfin’s displayed values can update. This report is a dated readback, not a live data feed.
- Sale-to-list ratios depend on the latest listed price and do not describe concessions, repairs, financing, or other contract terms.
What else does this report answer?
Is Park City a buyer's market or a seller's market?
Neither cleanly. For the three months ending August 2026 the median sale price rose 5.3% while median time on market lengthened by ten days to 53 and homes closed at 95.9% of list, per Redfin. Prices held while pace slowed.
How much below asking do Park City homes sell for?
The average sale-to-list ratio was 95.9% for the three months ending August 2026, and 28.9% of listings had a price drop. That is a market-wide average, not a discount any individual seller has agreed to.
How long do homes take to sell in Park City?
A median of 53 days for the three months ending August 2026, ten days longer than the same period a year earlier.
How many homes sold in Park City?
84 in the three months ending August 2026, down 31.6% year over year. Summit County recorded 114, down 20.4%.
Does a long listing time mean a seller will take less?
Not on its own. Listing age is one input beside price history, comparable closings, competing inventory, condition and the seller’s own timing. In a market where many owners are not year-round residents, time pressure is often weaker than a buyer assumes.
Where do these numbers come from?
Retrieved: September 29, 2026; page reports three months ending August 2026
City-level all-home-types measures reported from MLS and public records.
Retrieved: September 29, 2026; page reports three months ending August 2026
County-level all-home-types measures reported from MLS and public records.
Companion article
What the August indicators can and cannot tell a buyer
Read Kamee’s practical interpretation