Find the best luxury homes for sale in Park City, UT.
Gain essential insights into Park City’s luxury real‑estate market — from home styles and pricing trends to lifestyle factors, investment potential, and what to know before buying.
Luxury homes in Park City include expansive ski‑in/ski‑out estates, custom mountain chalets, high‑end modern residences in gated communities, and upscale condos and townhomes near resort amenities.
Recent reports show the median sales price for luxury single‑family homes around $3.39 million, and attached luxury homes (condos/townhomes) at around $3.36 million, with homes in desirable bands trading quickly.
The luxury segment remains active with properties moving, but competition is selective — for example, luxury homes averaged around 211 days on market in 2024 and sold at ~89% of list price, indicating a cooling compared to previous years.
High value is driven by direct access to ski resorts (such as Deer Valley and Park City Mountain Resort), year‑round outdoor recreation (hiking, biking), resort‑town amenities, premium views, and homes designed for both full‑time living and second‑home use.
Yes — The luxury market remains a strong hold for buyers seeking lifestyle, prestige, and long‑term value. Analysts project 5‑7% appreciation in the luxury sector.
Consider property location (resort‑adjacent vs valley), building age and condition, lot orientation and views, ski‑access or resort amenities, maintenance and HOA costs, and market segment dynamics (e.g., supply in ultra‑luxury band). Also check how resale trends evolve in that specific sub‑market.
The luxury tier (often $2.5 million+) shows stronger growth and buyer focus compared to lower tiers. Inventory for homes above certain price points has increased, enabling more choice for high‑end buyers while still maintaining premium valuation.
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