As we move deeper into fall, Park City’s real estate market continues to show the unique dynamics that make this mountain community unlike anywhere else in Utah. October brought noticeable shifts from September’s numbers — some expected as we head into the slower season, and others revealing ongoing patterns in luxury-driven markets.
Here’s a clear breakdown of how October compared to September, and what it means for you if you're planning to buy or sell.
Inventory Tightened Heading Into October
October: 192 homes available (-17.6% YOY)
September: 215 homes available (-17.0% YOY)
Inventory dipped from September to October, which is typical as sellers wait for winter visitors and ski season demand. Fewer active listings means buyers have slightly less to choose from — but for sellers, it often results in more focused attention on homes that are on the market.
Sales Slowed Slightly — but Stayed Strong
October: 50 homes sold (-10.7% YOY)
September: 48 homes sold (+41.2% YOY)
Despite lower inventory, October saw a small uptick in sales compared to September. The YOY dip reflects overall market normalization, not a loss of demand — Park City’s luxury buyer pool remains active, especially as the holidays approach.
Total Sales Volume Declined
October: $153,295,298 (-18.3% YOY)
September: $169,681,074 (+122.2% YOY)
The decrease in total volume from September aligns with fewer ultra-luxury transactions in October. September benefited from several high-end closings that boosted overall numbers, while October reflects a more typical fall pace.
Days on Market Increased Significantly
October: 86 days (+11.7% YOY)
September: 66 days (-33.3% YOY)
Homes took longer to sell in October, increasing by 20 days over September. This is common for Park City as we approach winter — many buyers pause until after the first big snowfall or ski season openings. For sellers, pricing strategy becomes even more important this time of year.
Average Sales Price Rose Month-to-Month
October: $3,709,046 (+2.6% YOY)
September: $3,824,606 (+70.3% YOY)
While the average sales price dipped slightly from September’s unusually high average, October still reflects strong luxury market activity. The Park City single-family market remains firmly in the upper tier, with buyers continuing to pursue high-value properties for lifestyle, second homes, and investment.
What This Means for You
For Buyers
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Lower inventory means acting quickly on the right home is key.
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Slower fall activity may create opportunities for negotiation.
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Days on market rising could signal more flexibility from sellers.
For Sellers
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Luxury buyers remain active — especially ahead of ski season.
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Homes need standout presentation and competitive pricing to move.
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A strategic winter listing can still attract serious out-of-state buyers.
Thinking About Buying or Selling in Park City?
Whether you’re planning a move before winter or preparing for the new year, having a knowledgeable local expert makes all the difference.
Reach out anytime for a personalized market update or pricing analysis for your home.
