As we approach the midpoint of 2026, the Sun Valley area real estate market remains healthy and resilient, particularly within the luxury and resort-oriented segments where limited inventory continues to support pricing. While new listings have declined compared to the same period last year, buyer demand remains strong, with pending sales, closed transactions, sold volume, and average sale prices all posting year-over-year gains. Buyers remain active but increasingly selective, with well-positioned and competitively priced properties continuing to achieve strong results.

Through June 24, 2026, overall residential sold volume increased 20% year over year to more than $400 million, while the average sale price rose 14% from approximately $1.59 million to $1.81 million. Despite fewer properties coming to market, the number of closed sales increased 6%, rising from 209 sales to 221 sales year over year. Inventory remains constrained overall, with active listings declining 9% from 678 properties to 619, while pending sales increased 19%, rising from 214 properties under contract to 254.

The luxury single-family home market within the resort core continues to outperform much of the broader market. In Sun Valley, single-family sold volume increased 309% year over year, rising from $8.4 million to $34.2 million as sales increased from 2 homes sold to 5. Average sale price climbed 63%, increasing from $4.18 million to nearly $6.84 million. Elkhorn also posted impressive gains, with sold volume increasing 82% from $4.6 million to $8.5 million, while average sale price rose 21% to nearly $2.82 million.

Ketchum's single-family market continues to experience significant inventory constraints. Active listings declined 38% year over year, falling from 44 homes to just 27. Despite fewer properties available for purchase, sold volume increased 14% to $38.9 million, while the number of sales increased from 4 to 7. Average sale price moderated from last year's exceptionally high $8.45 million to $5.55 million, reflecting a broader mix of sales rather than a decline in demand.

Condominium activity remains one of the strongest segments of the market. Overall condominium sold volume increased 78% year over year, rising from $54 million to $96.3 million, while average sale price increased 36% from approximately $982,000 to $1.34 million. Closed condominium sales increased 30%, rising from 55 sales to 72.

Ketchum condominiums continue to lead the market, with sold volume surging 136% from $22.7 million to $53.7 million. Closed sales increased 88%, rising from 17 to 32 units sold, while average sale price increased 25% to approximately $1.68 million. Warm Springs condominiums also posted strong gains, with sold volume increasing 115% from $2.6 million to $5.5 million and average sale price climbing 43% to more than $922,000. In Sun Valley, average condominium sale price increased 49% year over year to approximately $1.25 million, while Elkhorn condominium prices increased 37% to $1.25 million as demand for lock-and-leave ownership opportunities remained strong.

The South of Ketchum single-family market remains one of the valley's most desirable lifestyle segments. While active listings and new listings declined modestly year over year, closed sales increased 23%, rising from 13 sales to 16. Sold volume remained remarkably stable, declining just 4% from $55.8 million to $53.2 million. Average sale price moderated from $4.29 million to $3.32 million, reflecting a different mix of inventory and transactions than last year's luxury-heavy sales activity.

Hailey continues to demonstrate stability and broad-based demand. Active inventory increased 11% year over year, while new listings rose 13%. Single-family sold volume declined 13% from $50.2 million to $43.2 million, and closed sales decreased from 44 to 38. However, average sale price remained virtually unchanged at approximately $1.14 million, underscoring continued pricing stability. Condominium and townhouse activity was particularly strong, with condominium sold volume increasing 161% and townhouse sold volume increasing 240%, highlighting ongoing demand for attainable housing opportunities within the valley.

Townhome activity across the broader market delivered mixed results. Overall sold volume increased 3% to $62.6 million despite active inventory declining 21%. Closed sales increased 23%, rising from 26 to 32 transactions. Ketchum townhomes posted particularly strong gains, with average sale price increasing 50% to nearly $2.9 million and sold volume increasing 33%. Sun Valley townhomes saw average sale price increase 53% to more than $5.8 million despite a decline in transaction volume, reinforcing continued strength at the luxury end of the market.

As we enter the second half of 2026, the market remains characterized by limited inventory, steady buyer demand, and continued strength within the resort core. With pending sales significantly outpacing new listings, market fundamentals remain favorable, particularly for well-located and thoughtfully presented properties throughout the Wood River Valley.

Every property, neighborhood, and ownership situation is unique. If you're considering buying, selling, or simply want to better understand today's market and your home's current value, I'd be happy to share insights specific to your property and goals. Please don't hesitate to reach out for a confidential conversation.

© 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.