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 May 2023
At the same time last year, Star Valley Ranch was a Seller's Market.
Key Takeaway
Star Valley Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Star Valley Ranch, WY
How much do homes in Star Valley Ranch, WY cost?
Median Sold Price
$550,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Star Valley Ranch have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Star Valley Ranch was $550,000 in May 2024, down 5.9% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $150K | -61.0% |
| 2 Bedrooms | $526K | $405K | -23.0% |
| 3 Bedrooms | $595K | $505.5K | -15.0% |
| 4 Bedrooms | $595K | $580K | -2.5% |
| 5+ Bedrooms | $805K | $909.5K | +13.0% |
Summary: Star Valley Ranch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes decreased by 23%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 13%.
Housing Supply in Star Valley Ranch, WY
How many homes are available in Star Valley Ranch, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 39 | +44.4% |
Summary: The Star Valley Ranch real estate market had 39 homes for sale in May 2024, a 44.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Star Valley Ranch housing inventory by bedroom type for May 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 44.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Star Valley Ranch in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 160 Days | 59 Days | -63.3% |
Summary: Homes in Star Valley Ranch had an average of 59 days on market in May 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Star Valley Ranch has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Star Valley Ranch; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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