Deer Valley’s luxury real estate market continues to show solid strength through summer and into early fall. Whether you’re buying or selling at this altitude, here’s the latest on the market trends for Q3 2025.
Solid Absorption Despite Inventory Rebound
The inventory picture is slowly rising, but demand hasn’t gone skiing. As of early November, the Greater Park City (GPC) area saw inventory crest above 1 000 units for the first time in five years. Absorption rates hover around 5½ months – neither overheated nor frozen. More homes and condos are hitting the market, yet serious buyers are still locking in properties. It’s a recalibration, not a retreat.
Luxe Momentum in 2025 Pricing
- Single‑family residence momentum: In the six‑month report covering May 1 to Nov 5, 2025, the median sold price for a single family home in Deer Valley jumped to $9.5 million with a median price per square foot of $1 246. Over the past twelve months, the median sold price climbed even higher to $11.1 million with a price per square foot of $1 460.
- Condominium surge: In the same six‑month period, condos posted a median sold price of $3.77 million and a median price per square foot of $1 347. Looking at the full twelve‑month data set, the median sold price for condos was $3.25 million, with a higher price per square foot of $1 521. Fewer low‑priced opportunities and a bumper crop of high‑end condo sales highlight the ongoing thirst for luxury lock‑and‑leave living.
Nikki’s High‑Altitude Advice
For buyers
- Move decisively. High‑end homes and ski‑in/ski‑out condos don’t linger; absorption rates show healthy turnover.
- Work with a local agent who knows each neighborhood’s quirks – slopeside access, HOA quirks and those hidden fees that can snowball.
- Consider new construction. Many of those extra units in inventory are newly built or pre‑construction; you’ll often find better finishes and energy efficiencies.
For sellers
- Price with the market, not last year’s headlines. Remember, the six‑month median price for single‑family homes is $9.5 million, and condos are at $3.77 million – exceptional numbers but still anchored in reality.
- Stage for the season. Mountain buyers expect fireplaces roaring and decks ready for après; show off those winter amenities.
- Be ready to negotiate on terms rather than price. With balanced absorption rates, buyers and sellers share the leverage.
Data disclaimer: Market statistics referenced in this article are sourced from the Park City MLS and the Park City Board of REALTORS® Market Statistics dashboards (updated as of November 5 , 2025). Figures such as median sold prices and price per square foot reflect data for Jordanelle and Park City Limits across six‑ and twelve‑month reporting periods. As the market evolves, these numbers may change; please contact me for the most up‑to‑date insights.