Park City, UT Home Values & Market Trends
Real estate market trends reflect that there have been 1,365 transactions over the past year in Park City. The median value for residential home transactions that occurred over the previous year is $1,718,393.45. The number of current listings in Park City is 96, and the percentage of properties for sale in the city is 96.00%. Park City, UT currently has 7 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 96 properties for sale.
Park City, UT Real Estate Market Overview
Housing Market Summary for Park City, UT
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.5M | $1.6M | 5.38% |
| Median Sold Price | $1.5M | $1.6M | 6.78% |
| Homes For Sale | 148 | 93 | -37.16% |
| Homes Sold | 671 | 845 | 25.93% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Park City, UT
Browse Homes in Park City, UT
Park City home values range from $21,047 to $51,010,000. The median estimated value of a home in Park City is $1,718,393.45. The median list price of a home is 1,897,000, and the total count of properties in the city is 22,133.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Park City, UT with 84060 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Park City, UT; of those zips, the estimated home value for pre-foreclosure homes ranges from $3,590,000 in 84098 to the lowest home value of $959,896 in 84060.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Park City, UT ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Park City, UT. There are 2 zips within Park City, UT; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Park City, UT. Auction homes and other auction properties account for 0% of all properties in Park City, UT. There are 2 zips within Park City, UT; of those zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Park City, UT
The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.
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