Sun Valley Area Real Estate Market: 2025 Year in Review
As we move into 2026, the Sun Valley and Ketchum real estate market reflects normalization, selective strength, and clearer price discovery. Following several years of volatility driven by limited inventory and heightened demand, calendar year 2025 marked a return to a more analytical marketplace. Buyers evaluated opportunities with intention, gravitating toward well-located homes that were new or significantly updated, while sellers who priced and positioned properties realistically were rewarded.
Across all residential property types, the market closed 510 transactions during calendar year 2025, up 18 percent year over year, while total residential sales volume reached approximately $870.3 million, essentially flat compared to calendar year 2024. More homes changed hands, but the mix of what sold shifted toward price points with the deepest buyer demand.
The average sale price across all residential segments declined 15 percent year over year to approximately $1.71 million. This reflects a change in transaction mix rather than broad-based price erosion. Well-located, well-presented homes continued to command strong pricing when aligned with market expectations.
Single-Family Residences: Strength in Core Areas, Selectivity Everywhere Else
Single-family homes remained the backbone of the market in calendar year 2025, accounting for 287 closed sales and approximately $585.6 million in total volume. While dollar volume declined 5 percent, the number of sales increased 10 percent, reinforcing that buyer demand remained active but discerning.
South of Ketchum once again stood out as one of the most reliable high-end single-family submarkets. Calendar-year sales volume rose 23 percent, closing over $153.2 million, with an average sale price of approximately $4.14 million.
Sun Valley proper delivered one of the strongest year-over-year performances. Single-family volume increased 91 percent, rising from approximately $43.3 million in 2024 to over $83.1 million in 2025, with average sale prices exceeding $7.55 million. This performance was driven in part by several significant single-family transactions in Sun Valley’s White Clouds neighborhood.
Ketchum single-family homes closed 20 transactions in 2025, generating roughly $93.4 million in volume. Average sale prices settled near $4.67 million, reflecting buyer willingness to pay for walkability and access, paired with greater pricing discipline.
Hailey and Bellevue: Consistent, Functional Markets
Hailey and Bellevue continued to perform as some of the most consistent residential markets in the valley. Hailey single-family volume increased 50 percent year over year, surpassing $111.3 million, while average prices rose to approximately $1.09 million. Bellevue sellers achieved roughly 99 percent of list price on average, underscoring strong local demand.
Condominiums and Townhomes
Condominium and townhome activity strengthened in 2025, particularly in Ketchum. Condominium sales in Ketchum increased from 37 to 58 transactions year over year, while sold volume grew by more than 50 percent to approximately $82.9 million. Pricing remained disciplined, with only modest movement in average sale price, signaling that buyers prioritized location, walkability, and low-maintenance ownership over speculative pricing.
Luxury Context
Luxury market analysis for this report is based on calendar-year closed sales of $4,000,000 and above. In 2025, there were 49 closed $4M+ transactions compared to 61 in 2024. Despite fewer closings, median and average luxury sale prices increased modestly, confirming that pricing held firm while buyer selectivity increased.
The upper end of the market warrants its own lens. While overall activity remained healthy, luxury pricing behaved differently depending on location, condition, and positioning. A detailed breakdown of closed sales above $4,000,000—including transaction counts, pricing tiers, and ultra-luxury trends—is outlined in my Sun Valley Luxury Real Estate Market: 2025 Year in Review.
Looking Ahead to 2026
As we look ahead to 2026, the Sun Valley and Ketchum real estate market continues to reward clarity, preparation, and local understanding. Buyers are making informed decisions, and sellers who align pricing, condition, and location with how the market actually trades are seeing the strongest outcomes. In a market defined by nuance rather than momentum, thoughtful strategy and on-the-ground insight remain the most valuable advantages.
If you are considering a purchase or sale in 2026, thoughtful preparation and informed guidance matter more than ever. A clear understanding of micro-location, pricing strategy, and current buyer behavior can meaningfully influence outcomes. I welcome the opportunity to offer perspective, answer questions, and help you navigate the market with clarity and confidence.
© 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.