The Park City real estate market continues to capture attention with its dynamic trends, and October 2024 was no exception. This month offered valuable insights into the market's performance, particularly in the condo and single-family home sectors. From pricing fluctuations to inventory changes, these stats highlight key opportunities and challenges for buyers, sellers, and investors alike. In this blog, we’ll break down the numbers, uncover emerging patterns, and explore what they might mean for the months ahead in this sought-after mountain town.
Park City Condo Market
In October 2024, Park City's ski condo market saw strong prices with a median around $1.1 million, driven by sustained demand and limited new inventory. Despite some seasonal stabilization, low availability continues to make this a competitive market, especially in high-demand areas like Canyons Village and Deer Valley. Buyers are advised to plan early as prices remain robust, attracting both investors and seasonal homeowners.
Park City Single Family Homes Market
In October 2024, the Park City single-family home market showcased notable trends. The median sales price reached $3,696,360, reflecting a significant 46.15% increase compared to September. A total of 56 properties were sold, indicating strong buyer activity. With 5.6 months of inventory, the market suggests a balanced environment between buyers and sellers. These figures highlight the continued demand for luxury homes in Park City’s sought-after neighborhoods.
If you are looking to take advantage of this market, whether as a buyer or seller, contact me today. I can help you find the perfect Park City home or condo, or sell your existing place!
