The Star Valley Market

Star Valley has seen impeccable growth over the last few years, and it’s no surprise with its gorgeous views, open space, and unmatched quality of life. Surrounded by National Parks, National Forest, and wilderness, Star Valley offers access and privacy simultaneously.

Although sales of commercial property has decreased by 32%, at the time of this report there is an increase of commercial active listings, and average days on market has decreased by 56%. Indicating there is still strong demand for commercial property in Star Valley.

As the market continues to readjust, Star Valley saw a decrease in overall transactions, down 46% for a total of 495. Star Valley also saw a decrease in total dollar volume, down 28% totaling $273M. Although single family home transactions are down 35%, this segment has seen a slow down in activity as the average days on market has increased by 45%. The average sales price of single family homes is still on the rise, up 11% to $795K, this is driving consumers to purchase land with the intent to build or develop. This increased demand has pushed sales at the lower end of the land segment to increase significantly, causing a surge in average sale price, up 82% to $306K in 2022.

Active listings are still on the rise as we head into this new year, and average days on market saw an increase indicating that the demand for property in Star Valley decreased from the year prior, allowing more buyer influence to the market.

The following pages provide a more detailed look into the single family, condominium and townhome, land, commercial, and ranch segments of the Star Valley real estate market, 2022 vs 2021.

$273,269,189

Total Dollar Volume 28% Decrease YOY

$795,971

Average Single-Family Home Sale Price 11% Increase YOY

$598,000 495 235

Median Single-Family Home Sale Price 20% Decrease YOY

Total Transactions 46% Decrease YOY Active Listings 52% Increase YOY