Star Valley Market Report
Located south of Jackson Hole and spanning from Smoot through Alpine, Wyoming
Meet Keller Williams
Jackson Hole
Located south of Jackson Hole and spanning from Smoot through Alpine, Wyoming, Star Valley’s real estate market is heavily influenced by its northern neighbor’s market conditions. However, Star Valley does not have the development limitations that have led to an explosion in Jackson Hole’s real estate prices. Land is plentiful in Star Valley, Wyoming, which can lead to more drastic swings when market conditions change.
The Star Valley real estate market in 2024 is characterized by rising prices and strong demand, especially in high-growth areas like Thayne and Fairview/Smoot. Properties in more affordable regions like Star Valley Ranch and Bedford also remain attractive, balancing the market with options for various buyer profiles.
Market Overview
End of Year | 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.
Home sales in Star Valley are experiencing a notable rise, with 2024 showing strong growth compared to 2023. While national home sales are on the decline, our local market is thriving, thanks to increasing demand and tightening inventory. This unique trend positions Star Valley as a standout area in the current real estate landscape.
Data sourced from the Teton Board of REALTORS(R) MLS. Statistics compiled for the reporting period and are deemed reliable but not guaranteed.
The Full Report
Turn through the complete End of Year | 2024 edition.
Methodology & Data Sources
All data in this report is sourced from the Teton Board of REALTORS(R) Multiple Listing Service (MLS). Statistics are deemed reliable but not guaranteed. Transaction counts and dollar volumes include closings recorded within the reporting region. Off-market transactions, FSBO sales, and transactions recorded outside the MLS are not included.
Never Miss a Report
Subscribe for quarterly market intelligence — original analysis delivered to your inbox from the team that knows this valley best.