in Park City, UT • 2026 Buying Guide
Best Month
November
$1.45M
Avoid
April
$1.60M
Potential Savings
$142K
8.9% difference
Market Type
Balanced
4.2 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$3.10M
+22.4% YoY
Days on Market
82
median days
Inventory
189
active listings
Sale-to-List Ratio
95.2%
room to negotiate
Jan
$1.50M
Feb
$1.56M
Mar
$1.58M
Apr
$1.60M
PeakMay
$1.47M
Jun
$1.40M
Jul
$1.36M
Aug
$1.31M
Sep
$1.49M
Oct
$1.47M
Nov
$1.45M
BestDec
$1.55M
Based on historical sales data in Park City
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
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Pro Tip: With Park City's median price at $3.10M, a 20% down payment would be approximately $620K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Park City's housing market, November is typically the best time to buy a condo. During this month, prices average around $1.45M, which is 8.9% lower than peak prices in April. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Park City is $3.10M. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed +22.4%. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Park City has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Park City include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Park City currently spend an average of 82 days on market. This suggests a slower market where you have more time to negotiate.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Park City's median price of $3.10M, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Park City? Our analysis shows that November typically offers the best prices, with homes averaging around $1.45M. Buying during this time could save you up to $142K compared to peak months like April.
With a median price of $3.10M and homes spending an average of 82 days on market, Park City is currently a balanced market. There's currently 4.2 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
There are 4 real estate agents active in Park City who can help you find the perfect condo. A local expert understands neighborhood nuances, pricing trends, and can help you navigate Park City's specific market conditions.
Connect with local agents who specialize in condos.