Star Valley Market Report | Year End 2024

In 2024, Star Valley continues to attract buyers with its stunning natural beauty and strong community appeal. Here’s how the market looks across key areas:

Alpine

• The average home sale price increased slightly to $1,041,964, showing steady demand despite a small drop in transactions.
• Price per square foot dipped to $472.71, reflecting a possible shift toward larger homes or properties with slightly lower prices per unit area.

Etna

• A significant jump in the average home sale price to $1,018,075—an impressive 35% increase from 2023.
• This increase suggests growing interest in the area, likely driven by a mix of lifestyle changes and new investments.

Star Valley Ranch

• A solid rise in average sale prices to $636,886, up from $555,949 in 2023.
• Price per square foot grew to $306.25, highlighting an upward trend in property values, while transaction volume surged to 52 sales—the highest in the region.

Thayne

• This market saw one of the most dramatic spikes, with average prices climbing to $1,044,623—an increase of more than 80% compared to 2023.
• The price per square foot also nearly doubled, reaching $425.48, indicating robust competition for limited properties.

Bedford

• Average prices dipped slightly to $758,444, while the price per square foot decreased to $281.61.
• This cooling may signal an opportunity for buyers seeking a more affordable option within Star Valley.

Afton

• Average home prices rose to $545,209, accompanied by a sharp increase in price per square foot to $303.70.
• This growth reflects Afton’s growing appeal as a residential hub in Star Valley.

Smoot

• A standout performer with average prices skyrocketing to $1,690,250, far surpassing all other areas.
• The surge likely reflects limited inventory and high demand for premium properties in this peaceful enclave.