What $1 Million Buys You in Park City in 2025

If you’ve been dreaming of owning a home in Park City and wondering what $1 million will get you in today’s market — you’re not alone. I get this question all the time from buyers relocating, investing, or just curious about dipping their toes into the Park City lifestyle.

Here’s the honest truth: $1 million in Park City can go a long way — if you know where to look.

Let’s set expectations first.

Park City is no longer the best-kept secret in the West. Prices have stayed elevated, especially in highly sought-after areas like Old Town, Deer Valley, and Canyons Village. If you’re hoping for a ski-in/ski-out home at that price point, we might need to manage some expectations — but there are still some great opportunities depending on your priorities.

So, what can you get for around $1 million?

1. Modern Townhomes in Silver Creek Village

Newer construction, energy-efficient, and close to trails and shopping. These are ideal for full-time residents or second-home owners who want low maintenance and mountain views. Bonus: many of them are still under warranty. For example, 3 or 4 bedroom townhouses are listed for $450 to $550/SF, and range from $754k to $1.0M.

2. 2-Bed Condos Near the Slopes

Think Canyons or Kimball Junction. You might score a well-kept 2-bedroom condo within a short shuttle or drive to the lifts. Some allow nightly rentals, which makes them appealing for investors. On average, studios and 1-2 bedroom condos are ranging around $1,000/SF if they are near the slopes.

3. Investment Properties Just Outside City Limits

Places like Hideout or the Jordanelle area offer more space, newer builds, and great rental potential — and your dollar stretches further. With the buildout of Deer Valley’s East Village bringing easier access to the slopes, plus stunning mountain and lake views, the Jordanelle area is quickly becoming a hot spot — and I fully expect demand here to grow steadily in the coming years.

Things to Keep in Mind

Inventory under $1M moves fast.
Many buyers in this price range are coming from out of state — cash offers and quick closings are common.
Local insight makes a big difference. Some areas look great on paper but have tricky HOA rules or restrictions on rentals.

If you’re curious what $1M can get you today, reach out — I’m happy to send current listings that match your goals, or even tour a few properties with you (in person or virtually). Every buyer’s situation is different, and that’s part of the fun — finding the best fit for you.