April Market Update
Overall, the Sun Valley area real estate market remains healthy and resilient through the first four months of 2026, particularly within the luxury and resort-oriented segments where constrained inventory continues to support pricing. While transaction counts have remained relatively stable year over year, sold volume and average sale prices continue to trend upward, signaling ongoing strength at the upper end of the market. Buyers remain active, although increasingly selective, with properly positioned and competitively priced properties continuing to perform best. 

Through April 2026, overall residential sold volume increased 11% year over year to more than $254.7 million, while the average sale price rose 11% from approximately $1.63 million to $1.82 million. Despite this increase in dollar volume, the number of closed sales remained essentially flat, slipping slightly from 141 sales to 140 sales year over year. Inventory also remains constrained overall, with total active listings down 8%, declining from 465 active listings to 426. 

The luxury single-family home market in the resort core continues to perform well, particularly in Sun Valley and Warm Springs. In Sun Valley, single-family sold volume surged 393% year over year, increasing from $4.7 million across just 1 sale in 2025 to $23.2 million across 4 sales in 2026. Average sale price increased 23%, rising from $4.7 million to $5.8 million. Warm Springs also posted strong gains, with sold volume rising 80% from $3.6 million to $6.5 million as sales increased from 1 home sold to 2 homes sold, while the average sale price remained elevated at $3.25 million. 

Ketchum single-family inventory tightened considerably, with active listings falling 41% year over year from 29 homes to 17 homes. At the same time, sold volume still increased 5%, from $22.8 million to $24 million, despite only 4 homes closing this year compared to 3 last year. Average sale price declined from $7.6 million to approximately $6 million, reflecting some normalization after several exceptional luxury sales in 2025. 

Condominium activity remains one of the strongest segments of the market. Overall condominium sold volume rose 54% year over year, climbing from $42.3 million to $65.3 million, while the average condominium sale price increased 34% from approximately $1.03 million to nearly $1.39 million. Sales activity also improved, with condominium closings increasing from 41 sales to 47 sales year over year. 

Ketchum condominiums experienced especially strong momentum, with sold volume increasing 72% from $20 million to $34.5 million as sales rose from 14 units to 18 units. Average sale price climbed 33%, increasing from approximately $1.43 million to $1.92 million. Warm Springs condominiums also saw significant gains, with sold volume more than doubling from $2.57 million to $5.53 million as sales increased from 4 units to 6 units. Average sale price rose 43% from approximately $643,000 to $922,000. In Sun Valley condominiums, average sale price jumped 87% year over year, rising from $692,000 to nearly $1.3 million, even as the number of sales dipped slightly from 7 sales to 6 sales. 

The South of Ketchum single-family market remains active, although buyers are becoming more selective. The number of homes sold increased 42%, rising from 7 sales to 10 sales year over year, but average sale price declined 30%, falling from approximately $5.19 million to $3.6 million. Total sold volume remained essentially flat at approximately $36 million, indicating increased activity at lower price points compared to last year’s luxury-heavy sales. 

Hailey’s single-family market is showing signs of normalization after several years of accelerated growth. Inventory increased 18%, rising from 43 active listings to 51, while sold volume declined 26% from $36.3 million to $26.5 million. Closed sales also declined from 29 sales to 22 sales year over year, while average sale price remained relatively stable, slipping just 3% from approximately $1.25 million to $1.21 million. 

Townhome activity presented a more mixed picture. Overall townhome sold volume declined 18%, falling from $52.6 million to $42.8 million, while the number of townhome sales declined from 23 sales to 20 sales. Average townhome sale price softened slightly from approximately $2.29 million to $2.14 million. Ketchum townhomes remained relatively strong, however, with average sale prices increasing 50% from approximately $1.94 million to $2.91 million, despite sales declining from 9 units to 7 units. In contrast, Sun Valley townhome sold volume declined 47%, dropping from $15.1 million to $7.95 million as sales fell from 4 units to just 1 sale year over year, although the lone sale closed at a notably high price point of $7.95 million. 

© 2026 Summer Baldwin. All rights reserved.
This analysis, commentary, and written content are original intellectual property. Unauthorized use, reproduction, or adaptation—including by real estate professionals—is prohibited. Market data is deemed reliable but not guaranteed.