By Keye Team – Your Jordanelle Market Experts
The Jordanelle market just served up some fascinating numbers for May 2025, and if you’re thinking about buying or selling in this slice of Park City paradise, you need the real story behind the stats. We’ve been tracking every sale, every listing, and every market shift in Jordanelle for years—here’s what’s actually happening.
The Tale of Two Markets: Condos vs. Single-Family Homes
Condominiums: The Comeback Kid
Let’s talk condos first, because holy mountain air, what a turnaround. May’s median sales price hit $1.525 million—that’s a whopping 58.9% jump from last May. Before you start calculating your net worth, know that this isn’t just random market chaos. We’re seeing a serious shift in what’s selling and who’s buying.
The condo market closed 15 sales in May, and here’s the kicker: buyers are getting close to asking price at 99.1%. That tells you everything about demand. Properties are moving in 35 days on average, which in Jordanelle time means your listing better be dialed in from day one.
But here’s where it gets interesting—new listings dropped 68.5% compared to April. Translation? Sellers are holding tight, waiting for the right moment or the right offer. With 139 active listings and 9.3 months of supply, buyers have options, but the good stuff? That moves fast.
Single-Family Residences: The Reality Check
Now, single-family homes are telling a different story, and it’s one worth understanding if you’re playing in the $3+ million range. The median sales price hit $3.26 million in May, but that’s actually down 19.5% from last year.
Here’s what we’re seeing on the ground: 10 homes closed in May, and buyers are still paying essentially asking price (99.3% of list). But—and this is crucial—the median days on market shows zero. That doesn’t mean homes are selling instantly; it means the ones that are priced right and staged properly are moving immediately, while everything else sits.
The supply situation? 6.3 months of inventory means we’re in a more balanced market for single-family homes. Sellers can’t just throw any price on the wall anymore and expect it to stick.
What This Means If You’re Buying in THe Jordanelle
For Condo Buyers:
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- Competition is real, especially under $2 million
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- Get pre-approved and be ready to move quickly on the right property
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- Don’t expect massive price reductions—sellers know their worth
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- Focus on newer developments and ski-in/ski-out access for best value retention
For Single-Family Home Buyers:
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- You have more negotiating power than you’ve had in years
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- Price per square foot is down to $800—find the value plays
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- Look for motivated sellers who’ve been on market 60+ days
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- Quality and location matter more than ever at these price points
If You’re Selling: Strategy is Everything
Condo Sellers: Your market is hot, but don’t get cocky. With inventory up 204% from last year, presentation and pricing need to be perfect. Stage it like a Deer Valley vacation rental, price it based on recent comps (not wishful thinking), and be ready for quick decisions.
Single-Family Home Sellers: Time to get serious about positioning. The days of “test the market” pricing are over. Work with an agent who knows every recent sale in Jordanelle, understands the luxury buyer psychology, and can articulate why your property is worth every dollar of your asking price.
The Jordanelle Advantage: Why Location Still Wins
While other Park City markets are seeing wild swings, Jordanelle remains the sweet spot for buyers who want:
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- Newer construction and modern amenities
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- Easy access to Deer Valley and Park City Mountain
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- Community feel without the tourist chaos
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- Investment potential that actually makes sense
The infrastructure keeps improving, the recreation is world-class, and frankly, you’re still getting more bang for your buck than you will in Old Town or Deer Valley proper.
What’s Next for Jordanelle?
Based on current trends and our boots-on-the-ground experience, we’re expecting:
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- Continued strength in the condo market through summer
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- Single-family home prices to stabilize as inventory balances
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- Increased buyer activity as people realize Jordanelle’s value proposition
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- More inventory coming online as sellers adjust expectations
The Bottom Line
Whether you’re eyeing a ski-access condo or a custom home with Jordanelle Reservoir views, success in this market comes down to working with agents who live and breathe Jordanelle real estate. We’re not just tracking the numbers—we’re the ones making the deals happen.
Ready to make your move in Jordanelle? The market’s giving signals, but you need someone who speaks the language fluently. Let’s talk about your goals and how to win in today’s conditions.
Keye Team specializes exclusively in Jordanelle real estate, from condo communties, to luxury homes with amazing views. We’ve guided hundreds of buyers and sellers through Park City’s most dynamic market. Contact us for insider market analysis and strategic guidance tailored to your specific goals.