We’re excited to share February’s market numbers along with our in-depth analysis below – plus a look at the exciting events happening around Park City this March.
Across the board, fewer new listings have been coming to market. As a result, there were fewer sales in February. Prices are moving around quite a bit – mostly because there’s less inventory and more high-end homes making up the sales mix – but each area is telling its own story.
In Park City, median prices are down about 20% year-over-year. The $1 – 3 million price band is the most active portion of the market, whereas a year ago, a higher price point was more active. That being said, homes are still moving, which tells us there’s steady demand – just at a different price level.
The Heber Valley numbers grab attention at first glance, with the median price more than doubling from last year. But with sales and listings down nearly 50%, that jump is likely tied to a handful of luxury sales rather than a dramatic increase in overall values. In other words, it’s more about what sold than a sweeping market surge.
Jordanelle is seeing a similar trend. Median prices are up significantly, but closed sales are down. The encouraging sign here is an increase in pending sales, which suggests buyers are stepping back in, and we may see stronger numbers in the months ahead.
Meanwhile, the Kamas Valley is the exception to the lower inventory trend. While prices are slightly lower than last year, new listings and pending sales have jumped noticeably. That’s a strong sign of buyer interest, particularly for those looking for more attainable options compared to neighboring markets.
Overall, it’s a market that’s adjusting – with buyers taking their time, sellers needing to price carefully, and certain areas showing early signs of renewed momentum.
Please reach out to any of our partners for details on how these numbers apply to your situation.
February 2026 by the Numbers
Park City (Park City Limits & Snyderville Basin)
- Median Sales Price: $1,924,700
- Closed Sales: 58
- New Listings: 115
- Pended Sales: 81
Heber Valley
- Median Sales Price: $1,612,500
- Closed Sales: 16
- New Listings: 32
- Pended Sales: 25
Jordanelle
- Median Sales Price: $2,545,000
- Closed Sales: 12
- New Listings: 53
- Pended Sales: 35
Kamas Valley
- Median Sales Price: $725,115
- Closed Sales: 7
- New Listings: 20
- Pended Sales: 8
March 2026 Monthly Events
March 4-8
Wasatch Powderkeg (USA Skimo National Championships)
SOLITUDE MOUNTAIN RESORT
March 6
Park City Women’s Weekend
PARK CITY MOUNTAIN
March 6 & 13
Nordic Night Owling
SUNDANCE RESORT
March 7
Red, White & Snow Gala
PARK CITY
March 9
Author Book Signing (Jo Piazza)
FOLKLORE BOOKSHOP, MIDWAY
March 19
Create Your Own Drinking Chocolate
RITUAL CHOCOLATE, HEBER
March 20
Cowboy Train
HEBER VALLEY RAILROAD, HEBER
March 26-28
Peaks & Beats Music Series
CANYONS VILLAGE, PARK CITY
March 27
Last Friday Gallery Stroll
PARK CITY
March 27-28
Heber Valley Horse Sale
HEBER
March 27-29
Red Hot Chilli Pipers
EGYPTIAN THEATRE, PARK CITY