Buyer activity remained strong in March, while limited inventory continued to support pricing across much of the market.
The Sun Valley area real estate market remained active in March, with buyers continuing to respond quickly to well-priced properties despite limited inventory across many segments. Closed sales increased 14% year over year, rising from 29 to 33 transactions, while inventory declined 18% overall.
Although total sold volume declined from March of last year, much of that shift can be attributed to fewer ultra-luxury transactions compared to March 2025. Inventory remains one of the defining themes across the market, particularly in the single-family segment.

Condominium Market Continues to Gain Momentum
The condominium market was one of the strongest segments in March.
Closed condo sales increased 33% year over year, rising from nine to 12 transactions. Condo sold volume increased 56%, from approximately $8.6 million to nearly $13.5 million, while average condo sale price increased 17% to more than $1.12 million.
Ketchum condominiums led the market, with condo sales increasing from two to seven transactions and sold volume rising 244%, from $2.3 million to nearly $7.9 million. Warm Springs condominiums also performed well, with sold volume increasing 105%, from approximately $445,000 to $915,000. Elkhorn condominiums posted gains as well, with sold volume increasing 8% to more than $4.2 million and average sale price rising to approximately $1.4 million.
Condo inventory remains tight, with active listings down 23% compared to March of last year.

Single-Family Inventory Remains Limited
Single-family home inventory declined 12% year over year, while new listings fell 52%, reflecting the continued lack of supply in many parts of the market. Despite fewer new listings, closed single-family sales increased 38%, rising from 13 to 18 transactions.
Hailey remained active in the single-family market, with sales increasing from four to five transactions while sold volume was essentially flat year over year at approximately $4.58 million, compared to $4.51 million last March. Bellevue also had a strong March, with three single-family sales compared to none last year and sold volume reaching approximately $1.74 million.
While March 2025 was relatively quiet in Sun Valley, Elkhorn, North of Ketchum, and South Blaine County, activity was stronger across those markets in March 2026. Sun Valley recorded one single-family sale totaling $7.9 million after no sales last March, while Elkhorn and North of Ketchum each recorded one sale after no sales in March 2025. South Blaine County increased from one sale totaling $585,000 last March to two sales totaling $1.45 million this March.

Townhouses Show Mixed Results
Townhouse inventory declined 33% year over year, while average townhouse sale price increased 38% to approximately $1.85 million. Although townhouse sales declined from five to three transactions, Ketchum townhouses posted a 26% increase in sold volume, with average sale price rising 152% to nearly $3 million. Warm Springs also saw townhouse activity in March, with one sale totaling approximately $2.05 million.

Looking Ahead
March reinforced the same trend seen throughout much of the first quarter: inventory remains limited, especially for quality properties in desirable locations, while buyers remain active when the right opportunity comes to market.
As always, real estate is hyper-local, and market conditions can vary significantly among different areas and micro-markets. Understanding those nuances is key when evaluating timing, pricing, and opportunity. If you are considering buying or selling, I would be happy to discuss current market conditions, where the greatest opportunities may exist, and how to best position yourself in today’s market.

© 2026 Summer Baldwin. All rights reserved.
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