END OF YEAR 2025 • STAR VALLEY, WYOMING
MARKET REPORT
END OF YEAR • THE STAR VALLEY MARKET
2025 Star Valley real estate market closed the year with steady fundamentals and selective price appreciation, underscoring the region’s resilience amid a more measured buyer environment. While transaction activity softened modestly across most areas, rising prices and higher total dollar volume point to sustained demand for well-positioned properties and continued confidence in Star Valley as a lifestyleoriented alternative to higher-priced neighboring markets.
Sales activity across the valley declined slightly year over year, with total transactions down approximately 4% to 321 closings. Northern Star Valley experienced a modest pullback in sales (–5%), while Central Star Valley—the region’s most active submarket—also saw a mild decline (–4%). Despite fewer transactions, pricing momentum remained positive, particularly in Central Star Valley, where average sale prices rose more than 22% year over year and median prices climbed nearly 28%, signaling stronger buyer willingness to compete for quality inventory.
Pricing strength was evident valley-wide. The average sale price increased meaningfully across all major submarkets, led by Northern Star Valley, where the average rose nearly 8% year over year, and Central Star Valley, which posted the most significant gains. Median prices followed a similar trajectory, reinforcing that appreciation was not limited to the upper end of the market but
reflected broader price support across property types.
Total dollar volume expanded despite lower unit sales, reflecting the impact of higher prices. Northern Star Valley posted a 2% increase in dollar volume, while Central Star Valley surged more than 17% year over year—one of the strongest signals of market health in the quarter. These gains highlight how price appreciation and buyer selectivity continue to offset softer absorption.
Market pace remained balanced. Active listings edged down slightly year over year, while pending sales declined more noticeably, consistent with seasonal slowing and cautious buyer behavior. Average days on market increased modestly, suggesting buyers are taking more time to evaluate options, though not disengaging from the market entirely. The modest increase in the highest recorded sale further illustrates continued demand at the upper end, even as entry-level pricing softened slightly.
Overall, 2025 reaffirmed Star Valley’s position as a stable mountain market defined by disciplined pricing, selective demand, and long-term appeal. Entering 2026, limited inventory, rising price benchmarks, and consistent dollar volume suggest a market that remains well-supported— favoring sellers of well-priced homes while offering buyers a more deliberate, opportunitydriven environment.
TOTAL DOLLAR VOLUME 2% DECREASE YOY $225M
AVG SFH SALES PRICE 6% DECREASE YOY $820K
MEDIAN SFH SALES PRICE 8% DECREASE YOY $578K
406
TOTAL TRANSACTIONS 6% DECREASE YOY
ACTIVE LISTINGS 5% DECREASE YOY 248
NORTHERN SV (109)
CENTRAL SV (212)
SOUTHERN SV (85)
SINGLE FAMILY HOMES
ACTIVE · LISTED AT $1,800,000 · THAYNE REPRESENTED BY PATTY SPEAKMAN
The single-family home market in Star Valley closed Q4 2025 with slower but stable activity, reflecting a market that has shifted into balance rather than decline. Total sales dipped approximately 2% year over year to 201 closings, with Central Star Valley standing out as the strongest performer, posting a 4% increase in transactions. Northern Star Valley experienced a more pronounced pullback (–12%), while Southern Star Valley remained relatively stable (–2%), underscoring growing submarket divergence as buyers became more selective.
Pricing trends were mixed but largely resilient. Central Star Valley continued to drive appreciation, with the average sale price rising nearly 17% year over year, while median prices held relatively steady— suggesting competition for well-priced homes without broad-based inflation. In contrast, Northern and
Southern Star Valley saw softer pricing, driven by fewer high-end sales and a normalization from prioryear peaks. Valley-wide dollar volume remained supported by strength in Central Star Valley, offsetting declines elsewhere.
Market pace slowed meaningfully. Average days on market increased nearly 20%, and active listings rose modestly, giving buyers more time and choice. Pending sales jumped sharply year over year, signaling that demand remains intact but is unfolding more deliberately. For buyers, Q4 2025 offered improved leverage, particularly in Northern and Southern Star Valley, where longer market times and softer pricing created greater opportunity to negotiate, while Central Star Valley remained competitive for the most desirable homes.
MARKET STATS
MARKET STATS BY AREA
CONDOS/TOWNHOMES
The condominium and townhome segment in Star Valley remained small but uneven in 2025, with results shaped less by broad market momentum than by a handful of outsized transactions. Sales increased year over year to 13 closings, yet activity remained highly concentrated in Northern and Central Star Valley, with no transactions recorded in the southern submarket.
Total dollar volume rose sharply to approximately $17.2 million, driven primarily by several high-value closings in Northern Star Valley, including specialty assets that skewed pricing metrics. As a result, the average sale price climbed to roughly $1.32 million, while the median settled near $500,000— underscoring the wide disparity in product types captured within a limited sample.
Northern Star Valley accounted for the majority of volume due to newer and premium inventory, while Central Star Valley contributed increased unit activity at more attainable price points. Despite headline gains in volume and pricing, market dynamics remained buyer-favorable, with modest inventory, minimal competition, and average days on market holding near prior-year levels.
Overall, the segment continues to mature gradually, with quarter-to-quarter performance heavily influenced by isolated, high-impact sales rather than sustained depth or consistency as the market moves into 2026.
SOLD · LISTED AT $699,000 · ALPINE REPRESENTED BY DIANE PALMER & LINDSEY HOWLEY
MARKET STATS
VACANT LAND
CLOSED LISTED AT $200,000 FREEDOM REPRESENTED BY DENA LUTHI
The vacant land market in Star Valley closed Q4 2025 with steady but increasingly selective buyer activity, reflecting a more deliberate approach to land acquisition as construction costs and financing conditions remain elevated. Total land sales declined modestly year over year to approximately 118 transactions, while total dollar volume also edged lower, reinforcing a shift toward value-oriented purchases rather than speculative buying.
Pricing trends were mixed but generally stable. The average sale price increased slightly year over year, supported by demand for build-ready parcels with utilities and road access, while the median price softened, indicating continued activity among smaller and more affordable lots. This divergence suggests buyers are prioritizing practicality and long-term usability over larger or premium acreage. Northern Star Valley continued to lead the segment in overall activity, while Central and Southern Star Valley
posted more balanced, slower-moving conditions.
Market pace slowed further in Q4. Average days on market extended to roughly 180 days, highlighting longer decision timelines and greater scrutiny from buyers. Active inventory remained elevated, while pending sales declined modestly, contributing to softer absorption and increased competition among sellers—particularly for parcels requiring additional infrastructure investment.
For buyers, Q4 2025 reinforced favorable conditions in the land market. Longer market times, a wider selection of available parcels, and price sensitivity at higher thresholds have created meaningful negotiating leverage. Buyers focused on buildready or well-priced lots are finding opportunities to secure favorable terms, while sellers of less-prepared parcels face increased pressure to adjust pricing expectations.
MARKET STATS
