MARKET REPORT
Q1 2026 • STAR VALLEY, WYOMING
MARKET REPORT
Q1 • THE STAR VALLEY MARKET
The first quarter of 2026 marked a strong and dynamic start for the Star Valley real estate market, with notable gains in overall activity and dollar volume. Total sales increased 42% year-over-year, while total dollar volume surged 82%, signaling renewed buyer confidence and continued demand across the region. Pending transactions also rose significantly, up 52%, suggesting healthy momentum heading into the spring market despite a modest increase in overall inventory.
The single-family home segment led the market’s growth, with sales climbing 54% and total volume increasing 53% compared to Q1 2025. Both average and median sale prices rose, up 6% and 13% respectively, reflecting steady price appreciation. Notably, Northern and Southern Star Valley saw substantial gains in both activity and pricing, while Central Star Valley experienced a pullback in sales and values. Inventory tightened in this segment, with active listings down 25% and days on market decreasing, indicating a more competitive environment for buyers.
There were no condo or townhome sales recorded in Q1 2026, consistent with the prior year. This continues to reflect the limited supply and relatively small footprint of this property type within the
Star Valley market.
Vacant land remained a significant driver of overall transaction volume, accounting for nearly half of all sales. Transactions increased 34%, with total dollar volume up 52%. Average sale prices rose 9%, though the median price declined 26%, suggesting a wider range of price points and increased activity at the lower end of the market. Pending land sales jumped 280%, pointing to sustained demand moving forward, even as days on market ticked up slightly.
As we move into the second quarter of 2026, the Star Valley market is showing clear signs of strength and resilience. Increased transaction volume, rising prices in key segments, and a meaningful uptick in pending sales all point to continued momentum. While inventory remains relatively tight—particularly in the single-family home market—buyer demand has proven steady, supporting both pricing and absorption. With land activity accelerating and residential properties moving more efficiently, the outlook for the remainder of the year remains positive, positioning Star Valley as an increasingly attractive market for both full-time residents and investment buyers alike.
TOTAL DOLLAR VOLUME 82% INCREASE YOY $44M
AVG SFH SALES PRICE 6% INCREASE YOY $652K
MEDIAN SFH SALES PRICE 13% INCREASE YOY $605K
40
TOTAL TRANSACTIONS 54% INCREASE YOY
ACTIVE LISTINGS 25% DECREASE YOY 113
TRANSACTION DISTRIBUTION BY LOCATION
NORTHERN SV (36)
CENTRAL SV (29)
SOUTHERN SV (16)
SINGLE FAMILY HOMES
SOLD LISTED AT $585,000 ETNA REPRESENTED BY PATTY SPEAKMAN
The single-family home market in Star Valley gained significant momentum in Q1 2026, with sales increasing 54% year-over-year and total dollar volume rising 53%. Pricing trends remained positive, as the average sale price grew 6% to $652,250 and the median price climbed 13% to $605,000. This growth was largely driven by strong performance in Northern and Southern Star Valley, where both transaction activity and prices saw notable gains. Central Star Valley, however, experienced some softening, with declines in both sales and pricing contributing to a more balanced overall market.
On the supply side, inventory tightened considerably, helping sustain upward pressure on pricing. Active
listings dropped 25% compared to the same period last year, while pending sales increased 38%, signaling continued buyer demand. Homes also sold more efficiently, with days on market decreasing 21%, indicating that well-positioned properties are moving quickly despite a slightly wider range in sale prices.
Overall, the single-family segment remains the foundation of the Star Valley market. The combination of rising prices, reduced inventory, and steady demand underscores a competitive environment heading into the spring season, with continued strength expected across much of the valley.
MARKET STATS
VACANT LAND
CLOSED · LISTED AT $615,000 · THAYNE REPRESENTED BY PATTY SPEAKMAN
Vacant land remained a significant driver of activity in the Star Valley market in Q1 2026, with transactions increasing 34% year-over-year and total dollar volume rising 52%. Pricing trends were mixed but generally positive—average sale price increased 9% to $251,346, while the median price declined 26% to $145,000. This divergence suggests a wider range of transactions, with increased activity at more accessible price points alongside select higher-value sales. Northern Star Valley led the growth, with both sales and volume more than doubling, while Central and Southern areas posted more moderate or varied results.
Market dynamics point to continued demand, particularly as pending sales surged 280%, signaling strong buyer interest moving into the spring season.
At the same time, active listings declined 18%, indicating tightening inventory that could begin to constrain supply. Despite this, the average days on market increased 16%, suggesting buyers are approaching land purchases more thoughtfully and taking additional time to evaluate opportunities compared to the faster-moving residential segment.
Overall, the vacant land market continues to demonstrate resilience and long-term appeal. The combination of rising average prices, strong pending activity, and reduced inventory highlights sustained interest in land ownership, even as transaction timelines lengthen and pricing varies across different areas of the valley.
MARKET STATS
