- /
Park City Luxury Market Report — Q3 2026
By Mike Diamond, Park City Brokers | Coldwell Banker Global Luxury · Published October 19, 2026 · Updated quarterly
Utah is a non-disclosure state: sale prices never appear in public records, which means the numbers below cannot be found on Zillow, Redfin, or county websites. This report is compiled directly from closed transactions in the Park City MLS and covers every reported sale at $3 million and above across the greater Park City luxury market (Summit and Wasatch Counties). We use the same threshold every quarter so the trend lines stay comparable.
How Did Park City's Luxury Market Perform in Q3 2026?
Steady on the surface: 129 sales at $3M+, a $4.8 million median, and the same price per square foot as a year ago. The five numbers below compare Q3 2026 with Q3 2025.
| Metric (Q3, $3M+) | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Closed transactions | 129 | 133 | −3% |
| Median sold price | $4,800,000 | $5,100,000 | −6% |
| Median price per square foot | $1,065 | $1,065 | 0% |
| Median days on market | 38 | 38 | 0 days |
| Closings at $10M and above | 14 | 10 | +4 |
Dollar volume at $3M+ rose 8% to $813.9 million even with slightly fewer sales, because more money closed at the top. 70% of the quarter's sales closed in cash, compared with 71% a year ago. The quarter's top sale closed at $37,000,000, a Bald Eagle Club estate in Upper Deer Valley that had been listed since 2023. Across all $3M+ closings, the median sale came in at 96.9% of the final asking price and 96.0% of the original asking price.
Which Park City Neighborhoods Favor Buyers, and Which Favor Sellers?
Park City is not one market. Last quarter the spread ran from 2.6 to 43 months of supply, and from $725 to $2,180 per square foot. Most quarterly headlines miss that spread, and it's where buyers and sellers make their most expensive mistakes.
| Neighborhood | Closed | Median Sold | Median $/SqFt | Median DOM | Sold-to-List | Actives | Months of Supply |
|---|---|---|---|---|---|---|---|
| Promontory | 47 | $5,025,000 | $1,065 | 26 | 97.5% | 40 | 2.6 |
| Deer Valley (incl. Deer Crest & Empire Pass) | 12 | $8,137,500 | $2,180 | 16 | 97.4% | 59 | 14.8 |
| Red Ledges | 10 | $4,815,448 | $725 | 131 | 96.1% | 25 | 7.5 |
| East Village / Jordanelle corridor | 8 | $4,300,000 | $1,175 | 95 | 96.6% | 53 | 19.9 |
| Park Meadows | 7 | $3,655,000 | $832 | 4 | 97.1% | 12 | 5.1 |
| Tuhaye | 7 | $5,500,000 | $1,140 | 20 | 92.4% | 22 | 9.4 |
| Glenwild | 6 | $6,387,500 | $1,006 | 17 | 97.6% | 11 | 5.5 |
| Thaynes Canyon | 6 | $6,392,712 | $991 | 56 | 96.9% | 7 | 3.5 |
| Canyons Village | 5 | $8,250,000 | $1,936 | 122 | 95.4% | 36 | 21.6 |
| Old Town | 3 | $3,700,000 | $1,322 | 6 | 98.5% | 43 | 43.0 |
| All greater Park City, $3M+ | 129 | $4,800,000 | $1,065 | 38 | 96.9% | 441 | 10.3 |
Data: Park City MLS, closed residential transactions (single-family and condominium) July 1 – September 30, 2026 at $3M+, and active $3M+ listings as of October 19, 2026. Deer Valley combines the Lower Deer Valley, Deer Crest, Upper Deer Valley, and Empire Pass MLS areas. The East Village / Jordanelle corridor combines the Mayflower-Jordanelle, South Jordanelle, and DV East Village areas. Sold-to-list compares the sale price to the final asking price. Months of supply = current actives ÷ quarterly closings × 3. Median DOM is as reported by the MLS; new-construction homes sold before or at listing report zero days. Neighborhoods with fewer than 5 closings (Old Town) are shown for transparency, and medians at small sample sizes should be read with caution. Red Ledges and Thaynes Canyon are added this quarter because each cleared 5 closings.
What Are Median Home Prices in Each Park City Neighborhood?
The Diamond Report's core tables cover the $3M+ market. But Park City ownership doesn't start at $3M, so each quarter we add the official all-price-point picture by neighborhood, from Park City MLS statistics. Q3 2026 medians:
| Neighborhood | Single-Family Median (Q3) | Condo Median (Q3) |
|---|---|---|
| Old Town | $3,505,000 (4 sales, down from 18) | $1,140,000 |
| Park Meadows | $3,655,000 | $1,647,800 |
| Thaynes Canyon | $6,385,423 (sales up from 3 to 7) | — |
| Prospector | $1,737,740 | $364,500 |
| Lower Deer Valley | $5,800,000 (1 sale) | $2,100,000 |
| Upper Deer Valley | $8,600,000 (3 sales) | $2,600,000 |
| Empire Pass | $14,645,522 (2 sales) | $4,950,000 |
| Canyons Village | $17,050,000 (2 sales) | $1,005,000 |
| Sun Peak / Bear Hollow | $3,487,500 (volume up 211%) | $1,120,000 |
| Pinebrook | $1,900,000 | $858,000 |
| Jeremy Ranch | $2,325,000 (sales down from 18 to 6) | $1,352,500 (sales up from 1 to 8) |
| Kimball Junction | $1,510,000 | $620,000 |
| Glenwild | $6,325,000 (median up 31%) | — |
| Promontory | $4,775,000 (sales doubled, 27 to 54) | — |
| Mayflower-Jordanelle | $4,175,000 | $1,241,400 (sales up 38%) |
| Red Ledges | $4,000,000 (volume up 87%) | — |
Three all-market findings worth an owner's attention. First, the market is doing the same dollars on fewer deals: $1.591 billion in Q3 2026 sales, up 2% from Q3 2025, on 7% fewer transactions. The rolling 12-month total reached $5.776 billion, up 3%. Second, condominiums pulled back broadly, down 28% in units and 34% in volume MLS-wide, with double-digit unit declines in Park City, Snyderville Basin, Jordanelle, and Heber Valley at the same time. That breadth is harder to explain as a single new-construction digestion story. Third, land kept running, up 15% in units and 32% in volume MLS-wide. Promontory lot sales rose from 18 to 40 at a median of $1.9 million.
Source: Park City Multiple Listing Service statistical reports, Q3 2026 (preliminary; subject to revision as late-reporting transactions are recorded); reprinted with attribution. Neighborhoods with very low quarterly sale counts should be read with caution. Ask for trailing-12-month figures for any specific street.
Is the Park City Luxury Market Slowing in 2026?
Not overall, but it is concentrating. The $3M+ market as a whole looked steady year over year: a similar number of sales, the same $1,065 median price per square foot, and the same 38-day median time on market. Underneath, demand moved toward a few places and away from others, and the neighborhood you're in now matters more than the market average.
Promontory absorbed it. It produced 47 of the 129 closings at $3M+, more than a third of the market, up from 20 a year earlier, for $281.6 million in volume. Its supply tightened from 7.9 months in Q2 to 2.6 months now. Its median sale price fell to $5.03 million, from $5.89 million a year ago. That decline is a mix effect, not a price cut: 13 of this quarter's Promontory sales closed between $3M and $4M, mostly golf villas and cabins, compared with 4 a year ago. Median price per square foot there held at $1,065, against $1,048 a year earlier.
Deer Valley produced the quarter's highest prices on few sales: 12 closings at a median of $8.14 million and $2,180 per square foot. They include the $37 million Bald Eagle Club sale and three Empire Pass closings above $13 million. With 59 active $3M+ listings, Deer Valley carries 14.8 months of supply, so buyers have room there even though the closed prices are high.
The supply map shows where buyers have leverage. Old Town closed 3 sales at $3M+ in Q3 against 43 active listings, which works out to 43 months of supply. Canyons Village (21.6 months, 122-day median DOM, 92.3% of original asking) and the East Village / Jordanelle corridor (19.9 months) also carry more inventory than recent closings can absorb. At the other end, Promontory, Thaynes Canyon (3.5 months), Park Meadows (5.1), and Glenwild (5.5) are where sellers still hold pricing power.
One structural fact carried over: this is still a cash market. 70% of all $3M+ closings were cash purchases, so interest rates influence Park City's luxury tier far less than headlines suggest. Financed buyers are competing against offers with no financing contingency.
What Happened to the Trends We Flagged in Q2?
- East Village / Jordanelle corridor supply. It deepened: from 12.3 months in Q2 to 19.9 months now, with a 95-day median time on market. New-construction inventory is still arriving faster than it sells.
- Promontory's pricing power through summer. It held, and supply tightened sharply, from 7.9 to 2.6 months. Sales came in at a median 97.5% of asking rather than Q2's 100%, as more of the volume shifted to villas and cabins.
- Old Town's 21 months of supply. It roughly doubled, to 43 months. Only 3 homes sold at $3M+, and all-price single-family sales fell from 18 a year ago to 4.
What Should Park City Buyers and Sellers Watch in Q4 2026?
- Whether Promontory's 2.6 months of supply pushes more buyers into Glenwild, Thaynes Canyon, and Park Meadows, the other tight markets in the $3M+ tier.
- Whether Old Town and Canyons Village sellers respond to 20+ months of supply with visible price reductions before ski season.
- Whether the broad condo pullback reported by the MLS reaches $3M+ condos, which fell from 23% of luxury closings a year ago to 10% this quarter.
Methodology & About
This report covers closed residential transactions (single-family and condominium) at $3,000,000 and above in the greater Park City area (Summit and Wasatch Counties), compiled from the Park City MLS. Because Utah is a non-disclosure state, sold prices are not public record. MLS-reported transactions are the most complete available dataset, though off-market sales are not captured. Cash share reflects the loan type reported to the MLS at closing. The $3M threshold, metric definitions, and neighborhood boundaries are held constant across every edition so quarter-over-quarter comparisons are valid.
Mike Diamond is an Associate Broker and Team Lead at Park City Brokers (Coldwell Banker Global Luxury), with more than 15 years in real estate and a Park City practice dating to 2014. Recent representation includes the sale of a $14.2M Promontory estate, which went under contract after 20 days on market and closed in August 2026. Contact: +1 (310) 748-0857 · michael.diamond@parkcitybrokers.net
Prior editions: Q2 2026. Q4 2026 publishes in January.