2025 Q1 Market Report - Star Valley
A Slow Start Gives Way to Signs of Growth
Following a long winter, the Star Valley real estate market began 2025 with a modest pace, posting an 8% decline in both total transactions and sold dollar volume compared to Q1 2024. Still, momentum is building, and early gains in select areas hint at a stronger season ahead.
Star Valley Ranch Sees a Lift
Home sales led the way in Q1, particularly in Star Valley Ranch, which recorded 11 closings, up from just seven in the same period last year. Across Lincoln County, 26 homes sold, representing a 13% year-over-year increase and accounting for over $17 million of the valley’s $23.9M in total Q1 sales volume.
Alpine Activity Picks Up
The town of Thayne saw the highest number of overall transactions with 31 closings, but Alpine posted a 16.7% increase in activity, recording 14 sales in Q1 2025. These figures reflect renewed interest in key submarkets as buyers begin to re-enter.
Range of Sales and Market Reach
Year-to-date transactions ranged from a $56K half-acre parcel in Thayne to a $1.7M+ estate—a five-bedroom, 4,000 sq.ft. home on over four acres—where Jackson Hole Sotheby’s International Realty proudly represented the buyer.
Inventory on the Rise
Heading into the summer months, inventory is trending upward. There are currently 278 active listings across Star Valley, a 20.9% increase from April 2024. This rise could offer buyers more flexibility and opportunity as the season progresses.
Looking Ahead
As temperatures rise and the valley shifts into summer, market activity is expected to follow. From first-time buyers to second-home seekers, Star Valley’s growing inventory and affordability will continue to draw interest throughout the region.
