Q3 2025 • STAR VALLEY, WYOMING
MARKET REPORT
Q3 • THE STAR VALLEY MARKET
The Q3 2025 Star Valley real estate market reflected broad stability and selective strength across most property types, showing steady demand despite ongoing macroeconomic headwinds. While performance varied between northern, central, and southern submarkets, overall sales and pricing trends underscored the valley’s continued appeal as an accessible and lifestyle-driven alternative to neighboring Jackson Hole.
Single-family homes remained the core of market activity, with transactions easing 3% to 137 sales, yet total dollar volume holding nearly level at $109.9 million (–1%). The average sale price rose 2% to $802,000, while the median price remained stable near $608,000, suggesting a balanced market with steady buyer engagement. Growth in Central Star Valley (+5%) offset softer activity in Northern (–10%) and Southern (–15%) submarkets, where higher inventory levels supported price consistency and moderate absorption.
Condominiums and townhomes experienced meaningful expansion from a small base, with transactions up 83% to 11 sales and total dollar volume soaring nearly 4× to $12.4 million. The average sale price increased 161% to $1.13 million, supported by renewed demand in Northern Star Valley, where new and upgraded product drew buyers seeking lower-maintenance options and value relative to Jackson Hole.
The vacant land segment also strengthened
modestly, with sales up 25% to 135 transactions and total dollar volume increasing 10% to $28.0 million. Pricing trends reflected mixed dynamics, as average sale price rose 10% to $207,500, while median values edged down 9% to $144,000, indicating activity across a wide range of lot sizes and price points. Stronger absorption in Northern and Central Star Valley continued to define the segment, as buyers focused on buildready parcels with infrastructure access.
Across all property types, total transaction volume decreased 7% to 292, but aggregate dollar volume edged up 0.2% to $153.7 million, underscoring stable fundamentals. Pricing remained firm, with the average sale price up 11% to $526,000 and the median up 6% to $364,000, reflecting sustained buyer confidence and measured appreciation across the region.
Overall, Q3 2025 reaffirmed Star Valley’s position as a steady and attractive mountain market, defined by diverse housing options, balanced pricing, and consistent interest from regional and relocation buyers. Entering Q4, modest inventory growth and resilient pricing suggest continued stability through the remainder of the year.
TOTAL DOLLAR VOLUME 0.0% CHANGE YOY $153M
AVG SFH SALES PRICE 2% INCREASE YOY $802K
MEDIAN SFH SALES PRICE 1% DECREASE YOY $607K
292
TOTAL TRANSACTIONS 7% DECREASE YOY
ACTIVE LISTINGS 8% INCREASE YOY 431
NORTHERN SV (82)
CENTRAL SV (155)
SOUTHERN SV (55)
SINGLE FAMILY HOMES
SOLD · LISTED AT $610,000 · THAYNE REPRESENTED BY PATTY SPEAKMAN
The single-family home market in Star Valley remained steady in Q3 2025, though activity showed mild cooling across most submarkets. Total sales dipped 3% to 137 closings, with mixed regional performance—Northern Star Valley down 10%, Central up 5%, and Southern off 15%. While transaction volume softened slightly, pricing held firm, supported by steady local demand and limited new inventory.
The average sale price rose 2% to $802,000, and the median slipped just 1% to $607,500, indicating stable values across most price ranges. Total dollar volume declined 1% to $109.9 million, reflecting a moderate pullback in higher-end sales rather than broad price weakness. Central Star Valley continued to anchor activity, accounting for more than half of all transactions and showing the strongest year-overyear growth in both unit sales and dollar volume.
Market pacing, however, slowed. Days on market increased 24% to an average of 150 days, as listings took longer to secure buyers, and pending sales edged up only slightly (+3%), suggesting a more cautious and selective buyer pool. Elevated inventory—up 13% year-over-year to 177 active listings—has given purchasers more options and negotiating leverage, particularly among homes priced above $800K.
Overall, Q3 2025 reflected a balanced yet cooling single-family market in Star Valley. Prices remain steady, but longer market times and increased inventory have created more favorable conditions for buyers, especially as sellers adjust expectations and pricing to align with a slower pace of absorption heading into year-end.
MARKET STATS
MARKET STATS BY AREA
CONDOS/TOWNHOMES
The condo and townhome market in Star Valley remained a small but expanding segment of the valley’s housing landscape in Q3 2025, with limited activity spread across just a handful of developments. Total transactions increased 83% to 11 sales, and total dollar volume climbed 378% to $12.4 million, though much of this surge came from a few higherpriced units in Northern Star Valley, where new and upgraded product has drawn buyer attention.
Despite the impressive percentage gains, the scale of the market remains minimal, and buyer conditions have grown more favorable. The average sale price rose sharply to $1.13 million (+161%), while the median increased 14% to $500,000, reflecting a mix of premium offerings and entry-level resales. Days on market extended to 122 days, up 53% year-overyear, as listings took longer to secure buyers. With
pending sales flat and inventory steady, the pace of absorption slowed, suggesting that demand remains selective and price-sensitive.
For buyers, longer market times and limited competition have created greater room for negotiation—particularly in projects outside the northern corridor. Developers and sellers are now adjusting pricing and incentives to match a more cautious buyer pool.
Overall, Q3 2025 reflected a low-volume but gradually evolving condo and townhome market in Star Valley, where a few standout transactions lifted dollar volume but broader momentum remains moderate. As the year closes, pricing stability and buyer leverage are likely to define conditions in this small but maturing segment.
BY
DIANE PALMER & LINDSEY HOWLEY
MARKET STATS
VACANT LAND
SOLD LISTED AT $102,000 BEDFORD REPRESENTED BY DENA
LUTHI
The vacant land market in Star Valley showed steady but more selective activity in Q3 2025, with buyers continuing to prioritize affordable, buildable parcels while exercising greater patience in their search. Total sales rose 25% to 135 transactions, though total dollar volume declined 7% to $28.0 million, underscoring a shift toward smaller and lower-priced lots.
Pricing held firm overall, with the average sale price increasing 10% to $207,500, while the median slipped 9% to $144,000, reflecting an uptick in lower-value purchases and continued price resistance above midrange levels. Northern Star Valley led activity with a 38% increase in sales and 15% gain in total volume, while Central and Southern areas experienced more balanced but subdued growth.
Market conditions continue to favor buyers. Days on market lengthened to 175 days, up 32% year-
over-year, indicating slower absorption and more negotiation around list prices. Both active (+6%) and pending listings (+6%) increased modestly, contributing to a more competitive environment for sellers. Elevated construction costs and tighter financing options have also tempered urgency among prospective builders.
Overall, Q3 2025 reflected a measured and pricesensitive land market in Star Valley—one defined by selective demand, extended marketing times, and greater leverage for buyers. While long-term confidence in the valley’s growth remains intact, nearterm activity is expected to continue at a moderate pace as buyers seek value and readiness in a more patient market.
MARKET STATS
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