Is Star Valley Ranch, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Star Valley Ranch was a Buyer's Market.
Key Takeaway
Star Valley Ranch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Star Valley Ranch, WY
How much do homes in Star Valley Ranch, WY cost?
Median Sold Price
$535,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Star Valley Ranch have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Star Valley Ranch was $535,000 in June 2024, down 8.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $150K | -61.0% |
| 2 Bedrooms | $527K | $405K | -23.1% |
| 3 Bedrooms | $592K | $495K | -16.4% |
| 4 Bedrooms | $750K | $580K | -22.7% |
| 5+ Bedrooms | $805K | $889K | +10.4% |
Summary: Star Valley Ranch housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in Star Valley Ranch, WY
How many homes are available in Star Valley Ranch, WY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 38 | 53 | +39.5% |
Summary: The Star Valley Ranch real estate market had 53 homes for sale in June 2024, a 39.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 20 | +81.8% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Star Valley Ranch housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Star Valley Ranch, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Star Valley Ranch in June 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Star Valley Ranch, WY
How long does it take to sell a home in Star Valley Ranch, WY?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 73 Days | 83 Days | +13.1% |
Summary: Homes in Star Valley Ranch had an average of 83 days on market in Jun 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Star Valley Ranch has remained consistent over time.
Summary: During June 2024, 8 homes were sold in Star Valley Ranch; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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