Cross-market decision context
Park City Versus Salt Lake City Market Pace, 2026
Research question
What did Park City and Salt Lake City market measures show through August 2026, and why should their metrics stay separate?
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 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 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.
Research by Kamee Shrope
Geography: CITY: Park City and Salt Lake City; COUNTY context: Summit and Salt Lake Counties, Utah
Period: August 2026, with Zillow values dated August 31 and Redfin three-month measures ending August
53 vs. 36
Median days on market
Park City compared with Salt Lake City
95.9% vs. 98.3%
Sale-to-list ratio
Park City compared with Salt Lake City
4.9% vs. 19.4%
Sold above list
Park City compared with Salt Lake City
How did the two markets differ in price and pace?
Redfin reported a $2,311,283 median sale price in Park City and $638,078 in Salt Lake City for the three months ending August 2026. Park City’s median time on market was 53 days, compared with 36 in Salt Lake City.
Park City closed at 95.9% of list on average and 4.9% sold above list. Salt Lake City closed at 98.3% and 19.4% sold above list. Those figures indicate different broad negotiating environments, but they do not prescribe terms for a specific home.
City-level market indicators reported by Zillow and Redfin
| Measure | Park City | Salt Lake City |
|---|---|---|
| Zillow typical value, Aug. 2026 | $1,607,176 (+5.0% YoY) | $572,003 (+2.4% YoY) |
| Redfin median sale price | $2,311,283 (+5.3% YoY) | $638,078 (+11.4% YoY) |
| Homes sold | 84 (-31.6% YoY) | 540 (+3.6% YoY) |
| Median days on market | 53 (+10 days) | 36 (+6 days) |
| Sale-to-list ratio | 95.9% | 98.3% |
| Sold above list | 4.9% | 19.4% |
| Listings with price drops | 28.9% | 42.7% |
Sources: Zillow Research, Zillow Home Value Index (ZHVI), retrieved September 29, 2026; city file dated through August 31, 2026. Redfin, Park City housing market, retrieved September 29, 2026; page reports three months ending August 2026. Redfin, Salt Lake City housing market, retrieved September 29, 2026; page reports three months ending August 2026. Realtor.com Economic Research, county inventory data, retrieved September 29, 2026; monthly data through August 2026.
- Measure
- Zillow typical value, Aug. 2026
- Park City
- $1,607,176 (+5.0% YoY)
- Salt Lake City
- $572,003 (+2.4% YoY)
- Measure
- Redfin median sale price
- Park City
- $2,311,283 (+5.3% YoY)
- Salt Lake City
- $638,078 (+11.4% YoY)
- Measure
- Homes sold
- Park City
- 84 (-31.6% YoY)
- Salt Lake City
- 540 (+3.6% YoY)
- Measure
- Median days on market
- Park City
- 53 (+10 days)
- Salt Lake City
- 36 (+6 days)
- Measure
- Sale-to-list ratio
- Park City
- 95.9%
- Salt Lake City
- 98.3%
- Measure
- Sold above list
- Park City
- 4.9%
- Salt Lake City
- 19.4%
- Measure
- Listings with price drops
- Park City
- 28.9%
- Salt Lake City
- 42.7%
Sources: Zillow Research, Zillow Home Value Index (ZHVI), retrieved September 29, 2026; city file dated through August 31, 2026. Redfin, Park City housing market, retrieved September 29, 2026; page reports three months ending August 2026. Redfin, Salt Lake City housing market, retrieved September 29, 2026; page reports three months ending August 2026. Realtor.com Economic Research, county inventory data, retrieved September 29, 2026; monthly data through August 2026.
Why should different measures not be collapsed into one price?
Zillow’s ZHVI is a modeled typical value; Redfin’s median is based on closed sales. Realtor.com’s county median is an asking-price measure. They answer different questions and should not be averaged or substituted for one another.
A useful comparison starts with intended use and recurring routes, then adds the actual property set, comparable sales, current listings, ownership costs, jurisdiction, condition, and contractual obligations.
How were these figures produced?
- 1.Joined three independently labeled public series only at their published geography and period: Zillow city ZHVI, Redfin city closed-sale indicators, and Realtor.com county listing context.
- 2.Did not average modeled values, sale prices, and asking prices. Each measure remains separately named.
- 3.Rounded Zillow values and calculated year-over-year change from the underlying city CSV; retained Redfin’s displayed changes.
What are the limits of this data?
- Park City and Salt Lake City have materially different housing mixes, transaction counts, and city boundaries.
- City and county data are not interchangeable. County context in the sources is labeled separately.
- The report is descriptive, not an appraisal, market forecast, or recommendation to buy or sell.
What else does this report answer?
Is Park City or Salt Lake City the better market to buy in?
They are different markets rather than better and worse. Through August 2026 Park City carried a $2,311,283 median sale price with 53 median days on market, while Salt Lake City recorded $638,078 and 36 days, per Redfin. Which suits a buyer depends on use, budget and horizon.
Which market moves faster?
Salt Lake City, clearly. Homes sold in a median 36 days against Park City’s 53, closed at 98.3% of list against 95.9%, and 19.4% sold above list against 4.9%.
How much more expensive is Park City than Salt Lake City?
On Zillow’s typical value, about 2.8 times: $1,607,176 against $572,003 in August 2026. On Redfin’s median sale price the gap is wider still, $2,311,283 against $638,078.
Why do the Zillow and Redfin numbers differ?
They measure different things. Zillow’s index models the typical value of homes in the middle of a market; Redfin reports the median price of homes that actually closed in a period. A luxury-heavy mix of closings lifts a median without changing the typical home.
Which market is appreciating faster?
Over the latest year Salt Lake City’s median sale price rose 11.4% against Park City’s 5.3%, while Zillow’s typical value rose 5.0% in Park City against 2.4% in Salt Lake City. The two measures disagree, which is itself the reason not to collapse them into one figure.
Where do these numbers come from?
Retrieved: September 29, 2026; city file dated through August 31, 2026
Smoothed, seasonally adjusted estimate of the typical value for homes in the 35th to 65th percentile. It is not a median sale price or appraisal.
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
City-level all-home-types measures reported from MLS and public records.
Retrieved: September 29, 2026; monthly data through August 2026
County-level residential for-sale listing metrics. Realtor.com history is reissued and may be revised. August 2026 rows used here have quality_flag 0.
Companion article
A practical way to compare the two markets without misusing the numbers
Read Kamee’s practical interpretation