Q2 2026 Market Report
The second quarter of 2026 offered the Park City market its clearest signal yet that a new equilibrium is taking hold—and that it looks considerably different depending on where you’re standing. Single-family homes held their own. Condominiums continued their post-Founders Place digestion. And land—the quiet category that rarely grabs a headline—absolutely exploded, posting the quarter’s most dramatic gains across every geographic area. Taken together, the total market generated $1.358 billion in Q2 2026 sales, a 7% increase over Q2 2025, on 10% more transactions. That’s a healthy quarter by any reasonable measure.
The Big Picture: Market Holds at $1.36 Billion
When all three property types are combined, Q2 2026 outpaced Q2 2025 in both units and volume. The composition shifted meaningfully, however: land surged, single-family held steady, and condominiums edged down slightly. Meanwhile, the rolling 12-month totals—the most reliable indicator of sustained direction—show overall market volume up 9% to $5.73 billion.
Single-Family Homes: Steady as She Goes
With 319 single-family transactions generating $840.9 million in Q2 2026—up 6% in units and 2% in volume from Q2 2025—the single-family market delivered a solid, if unspectacular, spring selling season. The rolling 12-month picture is stronger: 1,341 sales totaling $3.609 billion, up 8% in units and 15% in volume. Median prices across the full MLS area rose 10% year-over-year to $1.7 million.
Standout Stories
Park City Limits: Spring Rally
Park City proper bucked the broader trend with a 21% jump in transactions (24 to 29 sales) and a 35% surge in volume to $148.8 million. Park Meadows (Area 09) was the standout—10 sales at a median of $3.95 million, volume up 61%. Old Town held flat at 7 transactions with the identical $3.65 million median as Q2 2025. Empire Pass produced the quarter’s single most dramatic data point: one home sold for $25 million—the only transaction in the area for the quarter, pushing the “average” to $25M. Context matters.
Snyderville Basin: A Softer Quarter
Snyderville Basin saw 77 single-family sales generating $289.2 million—down 8% in units and 19% in volume. The rolling 12-month data is more reassuring: 369 sales totaling $1.338 billion, up 5% and 8% respectively. Within the quarter, there were meaningful divergences:
Glenwild (Area 18): 4 sales at $35 million (+110% volume), with a median of $8.33 million (+60%). Glenwild continues to post some of the most striking luxury appreciation numbers in the market.
Promontory (Area 22): 17 sales at $126 million. Though units fell 32%, the average sale price rose 40% to $7.41 million and the median jumped 28% to $6.6 million. Fewer transactions, higher quality.
Silver Springs Area (Area 12): 60% more transactions (8 sales) at a 123% volume increase. Average price rose 39% to $3.06 million.
Canyons Village (Area 10): ⚠️ One sale at $13.8 million versus four sales averaging $21.8 million in Q2 2025. Extremely low transaction count makes comparisons unreliable—watch this number stabilize over the rolling 12-month window, where 6 sales at $102.6 million still represent a healthy sub-market.
Jordanelle: A Year of Growth
Quarter-over-quarter, Jordanelle single-family activity was nearly flat—24 sales at $111.2 million versus 26 sales at $109.6 million. But the trailing 12-month picture tells a dramatically different story: 125 sales totaling $569.3 million, up 47% in units and 57% in volume. Tuhaye continues to deliver premium results (28 trailing-12-month sales averaging $6.55 million each). Mayflower-Jordanelle logged 29 sales in the trailing year, up 263%, as the new neighborhood finds its footing with a median of $4.06 million.
Heber Valley: Volume Dips, Prices Hold
Heber Valley’s 97 Q2 sales were essentially flat (+2%) but volume fell 10% to $147.2 million—a function of product mix rather than price collapse. Red Ledges remained the area’s prestige anchor with 12 sales averaging $3.76 million each (up 38%). The rolling 12-month median of $1.05 million is up 1%, confirming price stability. South Fields (Area 35) jumped 125% in transaction count (9 sales), though the median fell 22% to $660K, reflecting affordable new inventory entering that sub-market.
Notable Flag: Kamas Valley Surges
Kamas Valley single-family sales nearly doubled in volume quarter-over-quarter: 22 transactions generating $45.2 million (+70%), with the average price up 47% to $2.05 million. The Oakley & Weber Canyon sub-area (Area 52) is the primary driver—10 sales at $23.1 million, up 607% in volume. This is a market to watch: the Kamas corridor is attracting buyers who want the mountain lifestyle at prices significantly below Park City proper. The rolling 12-month median of $795K, however, is down 22%, suggesting a mixed inventory of new, affordable product pulling the average down even as volume surges.