SUN VALLEY Real Estate Market Report
April 2024
SUN VALLEY MLS THROUGH APRIL 2024
Entire Market All Properties in Blaine & Custer Counties
Residential Homes in Entire Market
Condos/Townhomes/Duplexes in Entire Market
Sales Sold $ Volume New Listings Median List Price April 51 (65%)* $92M (+158%) 79 (+39%) $669,000 (-33%) 2024 YTD 186 (+26%)** $340M (+67%) 315 (+23%) $795,000 (-11%) * % Change figures are compared to April 2023 ** % Change figures are compared to the same point in 2023 Sales Sold $ Volume New Listings Median List Price April 19 (+138%) $56M (+340%) 26 (+44%) $1.6M (+100%) 2024 YTD 72 (+36%) $216M (+104%) 95 (+17%) $1.2M (-25%) Sales Sold $ Volume New Listings Median List Price April 19 (+6%) $27M (+41%) 23 (+156%) $795,000 (+63%) 2024 YTD 50 (-24%) $66M (-14%) 92 (+14%) $825,000 (-4%)
SUN VALLEY MLS THROUGH APRIL 2024
Vacant Land in Entire Market
Commercial (Does not include Commercial Leases)
Luxury Residential ($3.5M+ List Price Homes, Condos & TH)
Sales Sold $ Volume New Listings Median List Price April 12 (+200%) $8.3M (+745%) 24 (+26%) $669,000 (+49%) 2024 YTD 50 (+194%) $38M (+575%) 85 (+52%) $450,000 (+13%) Sales Sold $ Volume New Listings Median List Price April 0 (-100%) $0 (-100%) 5 (+67%) $1.2M (+242%) 2024 YTD 6 (+50%) $8.5M (+214%) 216(+18%) $741,000 (-36%) Sales Sold $ Volume New Listings Median List Price April 9 (+350%) $54M (+576%) 9 (+80%) $5.0M (+32%) 2024 YTD 29 (+164%) $178M (+210%) 33 (+65%) $5.25M (+4%)
RESORT CORE MARKETS THROUGH APRIL 2024
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price April 10 (+400%) $24M (+743%) 7 (+133%) $1.2M (+868%) 2024 YTD 30 (+173%) $75M (+371%) 43 (+54%) $1.5M (-34%) Sales Sold $ Volume New Listings Median List Price April 3 (+500%) $1.7M (+41%) 6 (+500%) $2.2M (-3*9%) 2024 YTD 15 (0%) $26M (-19%) 21 (+24%) $1.9M (-5%) Sales Sold $ Volume New Listings Median List Price April 6 (+50%) $18M (+104%) 6 (+500%) $2.2M (-48%) 2024 YTD 13 (+30%) $41M (+88%) 20 (+100%) $1.3M (-55%) Sales Sold $ Volume New Listings Median List Price April 7 (+75%) $6.4M (-9%) 8 (+167%) $610,000 (-83%) 2024 YTD 20 (-13%) $43M (+11%) 25 (0%) $799,000 (-43%)
OTHER LOCAL MARKETS THROUGH APRIL 2024
North of Ketchum Market (includes all property types)
South of Ketchum Market
Hailey Market
Bellevue & Beyond Market (includes Carey, Magic, Gannett, Picabo)
Custer County (Stanley, Challis, Mackay, Sawtooth City)
Sales Sold $ Volume New Listings Median List Price April 3 (+100%) $18M (+100%) 2 (+100%) $9.0M (+100%) 2024 YTD 10 (+400%) $49M (+353%) 7 (+250%) $6.5M (+107%) Sales Sold $ Volume New Listings Median List Price April 4 (+33%) $15M (+177%) 10 (+11%) $1.4M (+60%) 2024 YTD 19 (+36%) $51M (+110%) 27 (-13%) $1.2M (-40%)
Sales Sold $ Volume New Listings Median List Price April 9 (-10%) $5.9M (-34%) 16 (+7%) $669,000 (-4%) 2024 YTD 34 (-17%) $32M (-11%) 87 (+23%) $675,000 (+7%) Sales Sold $ Volume New Listings Median List Price April 5 (+150%) $1.7M (+171%) 9 (-31%) $415,000 (-12%) 2024 YTD 24 (+41%) $8.6M (-27%) 43 (+34%) $599,000 (+13%) Sales Sold $ Volume New Listings Median List Price April 1 (+100%) $62,000 (+100%) 1 (-80%) $2.45M (+251%) 2024 YTD 6 (+200%) $10.5M (+142%) 6 (-25%) $190,000 (-68%)
AVAILABLE INVENTORY AS OF MAY 1
(Properties Not Under Contract)
• Numbers and totals do not account for duplicate listings shared by multiple agents or listings that are outside our area but represented in our MLS (listings in Twin Falls, Buhl, Gooding, and beyond); assume a 5% margin of error for the totals. Totals do not add up accurately due to co-listings and out-of-area listings that are listed in our MLS.
• **Up to 1/3 of the Vacant Land listings are in our MLS but outside of the area, in Gooding, Buhl, and beyond.
Area Market Residential Listings (SFH, Condos, THs) Vacant Land Pending Activity in April North of Ketchum 3 1 1 Avg List $ / Med. List $ $7.2M / $8.5M $3.5M / $3.5M $399K / $399K Ketchum/Warm Springs 49 4 11 Avg List $ / Med. List $ $4.3M / $3.9M $2.3M / $2.2M $1.9M / $1.5M Sun Valley/Elkhorn 33 5 7 Avg List $ / Med. List $ $2.6M / $1.9M $2.3M / $1.75M $4.1M / $3.3M South of Ketchum 14 25 9 Avg List $ / Med. List $ $5.2M / $4.3M $1.1M / $795K $1.6M / $895K Hailey 41 38 12 Avg List $ / Med. List $ $946K / $730K $643K / $395K $835K / $737K Bellevue & South 19 23 5 Avg List $ / Med. List $ $1.2M / $696K $529K / $295K $737K / $795K Custer County 3 10 0 Avg List $ / Med. List $ $1.5M / $1.7M $517K /$287K $0 TOTALS* 179 150** 55 Avg List $ / Med. List $ $2.6M / $1.35M $699K / $375K $1.6M / $815K
SELECTED
$4,965,000
$2,595,000 108
Dr, Warm
West
© 2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS May 1, 2024. 111
$529,000
$3,500,000
View all active properties in the MLS
LISTINGS FROM OUR INVENTORY 122 Latigo Lane, Ketchum
151 S Main St #409, Ketchum $6,475,000 321 S Leadville #H,
Ketchum
River Run
Springs $3,250,000 780 N 4th Ave,
Ketchum $5,495,000
Green Acres Lane
300 High Meadow, N of Ketchum
409 S Main St 4A, Ketchum $2,625,000
Strahorn Phase II, Bellevue Lots Starting at $175,000
SUN VALLEY AREA CALENDAR FOR MAY 2024
1 May Day Play Day | Quigley Trails Park (H)
1 Funky Fashion Show | Limelight (K)
2 Tylor & the Trainrobbers | The Argyros (K)
3 Disco Night w/ DJ Locomotive | Whiskey’s on Main (K)
3-5 Peter Pan (play) | Community Campus Theater (H)
4 ERC’s Annual Clean Sweep of the Valley | Various valley sites
5 Cinco de Mayo “Let’s Dance” | The Argyros (K)
8 Friedman Airport Art Show | Friedman Airport (H)
10 Barcelona Flamenco Ballet: Carmen | The Argyros (K)
11 Daffodil Festival | Sawtooth Botanical Garden (South of K)
11 Songs & Stories with Roger McGuinn (Byrds) | The Argyros (K)
15 Bike to School & Work Day (BCRD-sponsored)
16 Museum After Hours | SVMOA (K)
18 Ketchum Wide Open Golf Gala | The Argyros/Grumpy’s (K)
18 Bug Zoo Festival | Sawtooth Botanical Garden (South of K)
25 Silver Creek Preserve Opening | Silver Creek Preserve
25 Annual Redfish Memorial Run | Redfish Lake Lodge
27 Hailey Memorial Day Parade | Downtown Hailey
27-8Jerry Joseph (music) | Whiskey’s on Main (K)
30 WR Trails Coalition Season Kick-off | Elephant’s Perch (K)
OFFERING YOU A BETTER REAL
208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com
ESTATE EXPERIENCE.