Q3 Market Report
The Star Valley Market
Welcome to the Q3 2024 Market Report for Star Valley, Wyoming!
The real estate market in Star Valley, Wyoming, is experiencing steady growth. With 315 total transactions, a 31% increase, and a 34% rise in total dollar volume to $153.4 million, the region is seeing heightened activity and demand. Current listings have increased by 2%, bringing the total to 400, providing more options for buyers across various property types.
In the single-family home segment, there were 141 transactions, up 26%, with total dollar volume jumping 44% to $110.6 million. The median sale price climbed 16% to $613,000, while inventory also rose by 26%. Most sales are concentrated in central Star Valley, with pending transactions up 15%, indicating continued strong interest.
The condo and townhouse market, however, faced a slowdown, with only 6 transactions, a 63% drop. Total dollar volume fell 65% to $2.6 million, and the median sale price decreased by 10% to $438,000. Inventory shrank by 33%, but pending transactions remained stable, and most activity was in the central and northern valley.
The vacant land segment saw slight growth, with 108 transactions, a 2% increase, and total dollar volume rising drastically by 40% to $30.3 million. The median sale price rose 22% to $159,000, while inventory fell 9%, reflecting increased demand. Central Star Valley remained the focal point for sales, with pending transactions up 10%, and the maximum price sold rising by 26%, underscoring the area’s growing appeal for land investments.
These shifts across the diverse segments of the Star Valley real estate market present a dynamic environment for both buyers and sellers, offering opportunities and challenges in different property categories.
Understanding the evolving market conditions across all market segments will enable buyers, sellers, and real estate professionals to make informed decisions in this dynamic market.
Sales Volume
Year-to-Date
Sales Distribution by Segment
Transaction Distribution by Location
North Star Valley: 84
Central Star Valley: 159
Southern Star Valley: 72
Single Family Homes
The single-family home segment in Star Valley, Wyoming, is experiencing healthy growth, with 141 transactions marking a 26% increase compared to 2023. Total dollar volume surged 44% to $110.6 million, reflecting both increased demand and rising home values. The median sale price climbed 16% to $613,000, while current inventory saw a 26% rise, providing more options for buyers in the area.
Central Star Valley remains the most active hub for sales, while pending transactions have risen by 15%, indicating continued strong market momentum in this picturesque region.
Sold | List Price: $4,995,000 | Central Star Valley | Represented by Speakman Realty Group
Market Stats
All of Star Valley
Number of Transactions
Total Dollar Volume
Minimum Price Sold
Maximum Price Sold
Average Sale Price
Median Sale Price
Average Days on Market
Pending Transactions
Inventory
Market Stats by Area
Number of Transactions
Total Dollar Volume
Sale Price
Median Sale Price
Condo / Townhomes
The condo and townhouse segment in Star Valley, Wyoming, has seen a significant slowdown, with only 6 transactions, a steep 63% decrease compared to previous periods. Total dollar volume dropped 65% to $2.6 million, while the median sale price declined by 10% to $438,000. Inventory has also shrunk, with a 33% decrease in available listings, reflecting a tightening market.
Most of the activity is concentrated in the northern parts of the valley, though pending transactions remain steady. This segment appears to be facing a cooling period amid broader market trends.
Sold | List Price: $595,000 | North Star Valley | Buyer Represented by Speakman Realty Group
Market Stats
All of Star Valley
Number of Transactions
Total Dollar Volume
Minimum Price Sold
Maximum Price Sold
Average Sale Price
Median Sale Price
Average Days on Market
Pending Transactions
Inventory
Market Stats by Area
Number of Transactions
Total Dollar Volume
Sale Price
Median Sale Price
Vacant Land
The vacant land segment in Star Valley, Wyoming, has shown steady growth, with 108 transactions, a modest 2% increase. Total dollar volume surged 40% to $30.3 million, driven by a 22% rise in the median sale price to $159,000.
Inventory saw a 9% decline, indicating heightened demand despite fewer available listings. Central Star Valley continues to dominate sales activity, with pending transactions up 10%, signaling strong buyer interest. Additionally, the maximum price sold jumped by 26%, highlighting the area’s growing appeal for higher-end land investments.
Sold | List Price: $350,000 | North Star Valley | Represented by Diane Palmer
Market Stats
All of Star Valley
Number of Transactions
Total Dollar Volume
Minimum Price Sold
Maximum Price Sold
Average Sale Price
Median Sale Price
Average Days on Market
Pending Transactions
Inventory
Market Stats by Area
Number of Transactions
Total Dollar Volume
Sale Price
Median Sale Price
Talk To An Expert
Experience the Compass Real Estate difference by working with Star Valley’s leading real estate experts. We are a team of trusted advisors working collaboratively to leverage our collective knowledge and expertise to deliver fundamentally different service. For us, nothing matters more than creating legacy of excellence that honors and celebrates our people and the exceptional place we call home.
To start your search of all active Star Valley listings, scan the QR code.
307.733.6060
80 West Broadway Jackson, WY 83001
Snake River Sporting Club Jackson, WY 83001
46 Iron Horse Drive Alpine, WY 83128
307.219.3171
235 S Main Street Thayne, WY 83127
307.883.7575
8 North Main St. Victor, ID 83455
65 S Main Street
Driggs, ID 83422
307.219.3176