Park City Real Estate Market Comparison: February vs. March 2025
Single-Family Homes Overview
As the spring season unfolds in Park City, the real estate market is showing clear signs of growth. Comparing February and March data gives us valuable insight into buyer behavior, pricing trends, and inventory shifts.
Inventory: More Homes Coming to Market
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February: 198 homes available
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March: 208 homes available
Inventory increased slightly, with 10 more homes on the market in March. This is typical as the weather warms and more sellers prepare their homes for listing.
Sales Volume: A Major Jump
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February: $89,889,910
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March: $161,842,402
Sales volume nearly doubled, indicating not only more transactions but also higher-value properties being sold.
Properties Sold: Increased Buyer Activity
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February: 28 properties sold
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March: 35 properties sold
More homes sold in March, reflecting heightened demand and stronger market engagement.
Days on Market: Slightly Longer Wait Times
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February: 122 average days
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March: 132 average days
Although more homes sold, the average days on market increased. This could be due to higher price points or more selective buyers entering the market.
Average Sales Price: Luxury Market on the Rise
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February: $3,210,353
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March: $4,801,040
The average sales price rose by over $1.5 million, pointing to more luxury transactions or increasing home values across the board.
Conclusion
The Park City real estate market gained momentum in March with higher sales, more inventory, and a significant rise in average home prices. As we head further into the selling season, both buyers and sellers should be prepared for a competitive environment.
If you're thinking about making a move in Park City, now is a great time to explore your options with a local expert. Contact me today.
