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EXPLORETHESTARVALLEYMARKET
Welcome to our Year End 2024 Star Valley Market Report! Our local team has pulled and analyzed the following data, providing insight not only on the past year but historical data that helps identify local trends in the market. For a deeper insight into these numbers, our localteamhereatKellerWilliamsJacksonHoleisalwaysavailabletodiscuss.
MARKET OVERVIEW
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 whenmarketconditionschange.
TheStarValleyrealestatemarketin2024ischaracterizedby 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 variousbuyerprofiles.
Whether you’re a buyer, seller, or just interested in the market, it’s clear Star Valley remains a highly desirable locationforrealestateinvestment
HomesalesinStarValley areexperiencinganotable rise,with2024showing stronggrowthcomparedto 2023.Whilenationalhome salesareonthedecline,our localmarketisthriving, thankstoincreasing demandandtightening inventory.Thisuniquetrend positionsStarValleyasa standoutareainthecurrent realestatelandscape.
SheaDeMello, AssociateBroker
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 dropintransactions
Pricepersquarefootdippedto $472.71,reflectingapossibleshifttowardlargerhomesorpropertieswith slightlylowerpricesperunitarea
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
Asolidriseinaveragesalepricesto $636,886,upfrom $555,949 in2023
Price per square foot grew to $306.25, highlighting an upward trend in property values, while transaction volumesurgedto 52 sales thehighestintheregion
Thayne
This market saw one of the most dramatic spikes, with average prices climbing to $1,044,623 an increase of more than 80% comparedto2023
Thepricepersquarefootalsonearlydoubled,reaching $425.48,indicatingrobustcompetitionforlimited properties.
Bedford
Averagepricesdippedslightlyto $758,444,whilethepricepersquarefootdecreasedto $281.61. ThiscoolingmaysignalanopportunityforbuyersseekingamoreaffordableoptionwithinStarValley.
Afton
Average home prices rose to $545,209, accompanied by a sharp increase in price per square foot to $303.70. ThisgrowthreflectsAfton’sgrowingappealasaresidentialhubinStarValley.
Smoot
Astandoutperformerwithaveragepricesskyrocketingto $1,690,250,farsurpassingallotherareas
The surge likely reflects limited inventory and high demand for premium properties in this peaceful enclave
Discover Star Valley Real Estate |ExploreourcuratedselectionofStarValleyreal estatelistings,featuringpropertiesinStarValleyRanch,Thayne,Alpine,andother charmingcommunities.Fromfamilyhomestolargerestates,ourfeaturedlistings highlightthebestofStarValleyWyomingrealestate.
