January Market Strength Across the Sun Valley Area
The Sun Valley area residential market opened 2026 with notable year-over-year gains in both pricing and total sales volume. In January, total closed sales volume across all residential property types reached approximately $80.5 million, up from $42.8 million in January 2025—an increase of nearly 88%. During the same period, the average sale price rose from approximately $1.19 million to $2.37 million, representing a 99% increase year over year. The number of closed transactions remained relatively steady, with 34 sales in January 2026 compared to 36 one year earlier. Total active inventory declined by approximately 9%, contributing to pricing strength across multiple segments.

Resort Markets: Ketchum, Sun Valley, Elkhorn, and Warm Springs
In the resort core, reduced inventory levels were accompanied by meaningful gains in transaction value. Condominium sold volume increased from $10.7 million in January 2025 to $18.3 million in January 2026, while the average condominium sale price climbed from $823,000 to $1.83 million. Elkhorn experienced one of the most notable increases, with condominium sold volume reaching $5.3 million and average prices near $1.77 million, despite fewer active listings. Warm Springs also recorded lower inventory levels alongside continued transaction activity early in the year.

Single-Family Market Performance by Area
Single-family homes continued to drive overall market value. January single-family sold volume nearly doubled year over year, increasing from $21.8 million to $41.9 million, while the average single-family sale price rose from $1.15 million to $2.62 million. South of Ketchum stood out with four single-family sales totaling more than $17.1 million. In the valley, Hailey recorded five January sales totaling $10.5 million, up from $7.6 million last year, supported by an increase in available inventory. Sun Valley accounted for $7.3 million in single-family sales during January, while Ketchum recorded a $2.5 million sale early in the year. For a neighborhood-specific breakdown or a custom analysis based on your goals, feel free to reach out. I’m always happy to be a resource.

© 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.