Home Market Reports Mid Year | 2025 Star Valley Market Report

Star Valley Market Report

Mid-Year | 2025

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.

Market Overview

Number of Sales

152
↓ 15%

Average Sale Price

$511,554
↑ 21%
180
↑ 7%

Total Dollar Volume

$80,374,650
↑ 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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Single Family Homes

Number of Sales

73
↓ 6%

Average Sale Price

838,681
↑ 20%
180
↑ 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

Land & Ranches

Number of Sales

77
↓ 16%

Average Sale Price

188,671
↑ 1%
185
↓ 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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