Q2 Market Report
The Star Valley Market
Welcome to the Q2 2024 Market Report for Star Valley, Wyoming!
The real estate market in Star Valley has seen significant activity in the first half of 2024, overall the market had 174 transactions, a 49% increase over the first half of 2023, that totaled $73.4 million in sales.
The single-family home market has seen substantial growth with 76 transactions, marking a significant 58% increase. This sector’s total dollar volume surged by an impressive 97%, reaching $53.3 million, alongside a 21% rise in the median sale price, now at $600,000. Notably, central Star Valley has been the hub of most sales activity.
The condo and townhome market, on the other hand, has faced a downturn with only 2 transactions, an 85% decrease. This resulted in a total dollar volume decline of 82%, amounting to $1.5 million. Despite this, the median sale price increased by 9% to $528,000. Inventory has decreased by 29%, yet pending transactions have risen by 50%, hinting at a potential rebound, particularly in North Star Valley.
The vacant land market has shown remarkable growth, with 92 transactions marking a 74% increase. The total dollar volume
has risen by 39% to $17.2 million, with a 42% increase in the median sale price to $164,000. Central Star Valley remains a key area for these transactions, and the market’s momentum is evident with a 29% increase in current inventory and pending transactions.
The commercial real estate sector, while showing modest activity with 4 transactions totaling $1.7 million and a median sale price of $420,000, had no sales in Q2 of 2023 for comparison. Currently, there are 21 active commercial properties available, indicating potential opportunities for future 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.
Compass Real Estate
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Year-to-Date
Sales Distribution by Segment
Transaction Distribution by Location
North Star Valley: 47
Central Star Valley: 88
Southern Star Valley: 39
Single Family Homes
The single-family home market in Star Valley, Wyoming, has seen remarkable growth recently, evidenced by 76 transactions marking a significant 58% increase. The total dollar volume surged by an impressive 97%, reaching $53.3 million. This growth is further highlighted by a 21% rise in the median sale price, now standing at $600,000. Additionally, current inventory has expanded by 23%, indicating a more vibrant and competitive market.
Most sales activity is concentrated in central Star Valley, showcasing the area’s strong demand and attractiveness to buyers. This robust performance underscores Star Valley’s dynamic and evolving real estate landscape.
Sold | List Price: $1,250,000 | Central Star Valley | Represented by Kendell Foreman
Market Stats
All of Star Valley
Number of Transactions
Total Dollar Volume
Minimum Price Sold Maximum Price Sold
Sale Price
Median Sale Price
Average Days on Market
Pending Transactions
Inventory
Market Stats by Area
Number of Transactions
Total Dollar Volume
Sale Price
Condo / Townhomes
The condo and townhome market in Star Valley, Wyoming, has experienced a notable downturn, with only 2 transactions representing an 85% decrease. Correspondingly, the total dollar volume has declined by 82%, amounting to $1.5 million. Despite these declines, the median sale price has seen a 9% increase, reaching $528,000, indicating a shift towards higher-value properties. Current inventory has decreased by 29%, suggesting a tightening market.
However, there is a silver lining, with pending transactions up by 50%, hinting at a potential market rebound. Most sales activity is concentrated in North Star Valley, reflecting localized demand and market dynamics.
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 Median Sale Price
Sale Price
Vacant Land
The vacant land market in Star Valley, Wyoming, is experiencing robust growth, with 92 transactions marking a substantial 74% increase. The total dollar volume has risen by 39%, reaching $17.2 million, reflecting heightened interest and investment in the area. The median sale price has increased by 42% to $164,000, indicating strong demand for land.
Current inventory has expanded by 29%, providing more opportunities for buyers and developers. Most sales are occurring in Central Star Valley, highlighting its appeal and strategic importance. With pending transactions up by 29%, the market shows promising signs of sustained momentum and future growth.
Sold | List Price: $345,000 | Central Star Valley | Represented by Diane Palmer & Breezy Woodfin
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
Sale Price
The commercial real estate market in Star Valley, Wyoming, is showing some activity with 4 transactions totaling $1.7 million and a median sale price of $420,000. Currently, there are 21 active commercial properties available, providing a variety of opportunities for investors and business owners.
It’s important to note that there were no commercial sales in Q2 of 2023, making it impossible to compare these statistics to the previous year’s performance. This recent activity, however, indicates a developing interest in the commercial sector, suggesting potential growth and investment opportunities in the region.
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
Average 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