Wasatch Back Real Estate Market 2025: Key Takeaways

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Market Overview

The Wasatch Back remained resilient in 2025, with demand continuing to favor well-positioned, well-maintained homes in prime locations—a trend the report notes can support continued long-term appreciation.  Looking ahead, the report highlights expectations for moderating mortgage rates in 2026 and emphasizes the value of working with a local mortgage broker for access to broader loan options and competitive pricing. 

2025 Snapshot by Area (Median Prices + Activity)

Park City Limits

• Single-family homes: Median sales price $3,825,000 (down 6% YoY); 146 units sold (up 27%). 

• Condos/townhomes: Median sales price $2,497,500 (up 56%); 284 units sold (up 17%). 

• Vacant land: Median sales price $1,385,000 (down 28%). 

Snyderville Basin (Jeremy Ranch, Pinebrook, Promontory, etc.)

• Single-family homes: Median sales price $2,468,750 (up 3%); 367 units sold (up 13%). 

• Condos/townhomes: Median sales price $958,750 (down 4%); 228 units sold (down 14%). 

• Vacant land: Median sales price $1,100,000 (down 4%). 

Jordanelle (Hideout + Deer Valley East Village influence)

• Single-family homes: Median sales price $4,000,000 (up 6%); 111 units sold (up 26%). 

• Condos/townhomes: Median sales price $1,200,000 (up 4%); 234 units sold (down 30%). 

• Vacant land: Median sales price $1,185,000 (up 28%). 

Heber Valley

• Single-family homes: Median sales price $1,100,000 (up 12%); 347 units sold (up 2%). 

• Condos/townhomes: Median sales price $549,900 (up 3%). 

• Vacant land: Median sales price $666,500 (up 18%); 87 units sold (down 26%). 

East Summit County (Kamas Valley + “Gateway to the Uintas”)

• Single-family homes: Median sales price $939,850 (up 6%); 124 units sold (down 19%). 

• Vacant land: Median sales price $400,000 (up 32%); 75 units sold (up 14%). 

• Condos/townhomes: Median sales price $489,662 (down 36%). 

What this means for buyers and sellers

• Buyers: Selection and negotiation still depend heavily on property condition and location—homes that show well and are priced in line with the micro-market tend to perform best. 

• Sellers: Market outcomes are increasingly tied to pricing strategy + presentation. If you’re competing with newer inventory or premium locations, your marketing, staging/condition, and initial pricing window matter more than ever. 

Market Insights

• Inventory remains tight across most areas (new listings down 15-42% in various markets)
• Development properties are experiencing particularly strong demand
• Well-maintained properties in prime locations continue to appreciate
• The market shows resilience despite broader economic factors

Data from Berkshire Hathaway HomeServices Utah Properties based on Park City Board of Realtors MLS data for 2025