Q1 2025
Jackson Hole’s real estate market is off to a strong start in 2025. Compared to the first quarter of last year, the number of transactions has increased by approximately 11%, totaling 81 sales. This uptick was somewhat anticipated, as 2024 ended with a significant number of pending listings in the pipeline. The most notable surge occurred in the Town of Jackson, where sales rose by 60% year-over-year.
Average and median sale prices saw only modest shifts, down 5% and 2%, respectively. Meanwhile, more sellers appear to be entering the market ahead of the spring selling season—likely aiming to capitalize on limited competition. At quarter-end, active listings were up 8%, with 165 properties on the market. However, it’s worth noting that even with this increase, inventory remains historically low for Jackson.
The average days on market dropped by about 15% to 146 days, suggesting homes are selling more quickly than they did at this time last year. A 6% rise in pending listings further points to steady buyer demand.
YEAR END 2024
STAR VALLEY REAL ESTATE MARKET REPORT
Located south of Jackson Hole and spanning from Smoot through Alpine, Wyoming, Star Valley’s real estate market is heavily influenced by its northern neighbor’s market conditions. However, Star Valley does not have the development limitations that have led to an explosion in Jackson Hole’s real estate prices. Land is plentiful in Star Valley, Wyoming, which can lead to more drastic swings when market conditions change.
The Star Valley real estate market in 2024 is characterized by rising prices and strong demand, especially in high-growth areas like Thayne and Fairview/Smoot. Properties in more affordable regions like Star Valley Ranch and Bedford also remain attractive, balancing the market with options for various buyer profiles.
In 2024, Star Valley continues to attract buyers with its stunning natural beauty and strong community appeal. Here’s how the market looks across key areas:
Alpine
The average home sale price increased slightly to $1,041,964, showing steady demand despite a small drop in transactions. Price per square foot dipped to $472.71, reflecting a possible shift toward larger homes or properties with slightly lower prices per unit area.
Etna
A significant jump in the average home sale price to $1,018,075—an impressive 35% increase from 2023. This increase suggests growing interest in the area, likely driven by a mix of lifestyle changes and new investments.
Star Valley Ranch
A solid rise in average sale prices to $636,886, up from $555,949 in 2023. Price per square foot grew to $306.25, highlighting an upward trend in property values, while transaction volume surged to 52 sales—the highest in the region.
Thayne
This market saw one of the most dramatic spikes, with average prices climbing to $1,044,623—an increase of more than 80% compared to 2023. The price per square foot also nearly doubled, reaching $425.48, indicating robust competition for limited properties.
Bedford
Average prices dipped slightly to $758,444, while the price per square foot decreased to $281.61. This cooling may signal an opportunity for buyers seeking a more affordable option within Star Valley.
Afton
Average home prices rose to $545,209, accompanied by a sharp increase in price per square foot to $303.70. This growth reflects Afton’s growing appeal as a residential hub in Star Valley.
Smoot
A standout performer with average prices skyrocketing to $1,690,250, far surpassing all other areas. The surge likely reflects limited inventory and high demand for premium properties in this peaceful enclave.