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Home › Market Reports › Mid Year | 2025 › Star Valley Market Report

Star Valley Market Report

Mid-Year | 2025

Market Overview
Single Family Homes
Condos & Townhomes
Land & Ranches
Stretching from Smoot to Alpine and nestled just south of Jackson Hole, Star Valley continues to be one of Wyoming’s most sought-after locations for real estate. While the valley has long been influenced by Jackson Hole’s ultra-competitive market, it offers something Jackson can’t—room to grow. With more available land and fewer development restrictions, Star Valley remains an accessible alternative, though its market can also swing sharply when economic conditions shift.

Report Sections

Market Overview
Single Family Homes
Condos & Townhomes
Land & Ranches

market stands halfway through 2025 | Star Valley, Wyoming

Market Overview

In 2025, the real estate market in Star Valley is defined by steady price growth, low inventory, and consistent buyer demand. The pace of development has picked up in several areas, with Thayne and Fairview/Smoot leading the way in terms of new construction and overall interest. These high-growth zones are attracting buyers who want the mountain lifestyle but still value community and accessibility.

Meanwhile, Star Valley Ranch, Bedford, and Etna remain attractive for buyers seeking more affordable homes, investment properties, or second residences. These areas continue to offer excellent value and serve as a buffer for buyers priced out of Jackson Hole and even parts of eastern Idaho.

Interest from out-of-state buyers remains strong, especially from Utah, Idaho, and California, driving ongoing demand for primary residences, vacation homes, and long-term rentals. The rise in remote work continues to play a role in this migration, with more people able to call Star Valley home without needing to be tied to a major city.

Whether you’re buying, selling, building, or investing, it’s clear: Star Valley continues to grow—not just in population, but in value, opportunity, and long-term appeal.

Number of Sales

152

Average Sale Price

$511,554

Avg. Days on Market

180

Total Dollar Volume

$80,374,650
↓ 15%
↑ 21%
↑ 7%
↑ 6%
The first half of 2025 demonstrated a resilient market with rising home values despite a slowdown in transaction volume. While the number of sales declined by 15%compared to 2024, the average sales price surged by over 20%, driving an overall sold dollar volume increase of 7%. Properties also spent slightly longer on the market, averaging 180 days compared to 176 days last year. These trends suggest a competitive market with higher valuations but more selective buyers.
Shea DeMello, Associate Broker

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Residential

Single Family Homes

1255 Lost Creek Road, List Price: $2,395,000

The Star Valley housing market has had a steady start in 2025. Home sales in the first quarter were down from last year, but prices are holding strong. The average sale price rose 20% compared to last year, reflecting sustained demand for higher-value homes.

Submarkets like Star Valley Ranch, Alpine, and Thayne are leading activity. Star Valley Ranch saw a 57% increase in closings, while Alpine sales rose 17%. Inventory is also growing, with 278 active listings in April—a 21% year-over-year increase—giving buyers more choice and leverage.
After a strong 2024, where Star Valley saw a 27% jump in overall real estate activity, the market remains healthy. Buyers are still active, especially in sought-after locations, and sellers with well-priced, move-in-ready homes are seeing success.

Looking ahead, stable interest rates and new development will continue to influence the pace of the market. With more homes on the market and steady price growth, 2025 presents great opportunities for both buyers and sellers in Star Valley.

Number of Sales

73

Average Sale Price

838,681

Avg. Days on Market

180
↓ 6%
↑ 20%
↑ 7%
Following a slow first quarter, the Star Valley real estate market saw a strong rebound in Q2. The rise in inventory suggests the market has shifted away from a strong seller’s environment, though well-priced homes continue to attract multiple offers.
Rusty Kunkle, Associate Broker

stabilizing after a slow winter start

Land & Ranches

Lot 13 Yellow Star Road, List Price: $219,000

The Star Valley land market in 2025 is stabilizing after a slow winter start. Sales were down in Q1 compared to last year, but activity is building heading into mid-summer. Inventory has grown—up 21% from 2024—giving buyers more choices and stronger negotiating power.

Submarkets like Star Valley Ranch and Alpine are seeing renewed interest, with Alpine land sales up 17%. Thayne continues to offer a wide range of options, from $56K parcels to million-dollar estate lots. Buyers are especially drawn to properties with utilities, access, and views.

After a strong rebound in 2024—when Lincoln County land sales surged 41%—the market has held steady in early 2025. Well-positioned lots in popular areas are still selling, while more remote parcels are taking longer to move.

Looking ahead, interest rate shifts, new subdivision approvals, and steady demand for recreational land will shape the rest of the year. Both buyers and sellers have good opportunities—especially with smart pricing and strategic timing.

Number of Sales

77

Average Sale Price

188,671

Avg. Days on Market

185
↓ 16%
↑ 1%
↓ 11%
There are 233 vacant land listings from Alpine to Smoot, priced between $49K and $4M. Star Valley Ranch remains the most affordable and attractive option for second-home owners, thanks to its amenities—golf, pickleball, pool, and low HOA dues. With average build costs of$400–$450/sq ft and increased inventory this year, buyers now have more accessible opportunities for mountain living.
Diana Ferguson, Sales Assoicate

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