2025 Year-to-Date Real Estate Rolling Market Update

March 2003 to March 2004 compared to March 2004 to March 2005

Considerations for Buyers and Sellers

Given the current economic climate influenced by trade policies:

Buyers: It’s crucial to assess personal financial readiness and long-term housing needs. While waiting for potential price adjustments might be tempting, it’s important to consider the broader economic factors at play.

Sellers: Staying informed about market trends and being prepared for potential shifts in buyer demand can aid in setting realistic pricing strategies.

In summary, the newly enacted trade policies are poised to affect construction costs, which may, in turn, influence property prices. The extent of this impact will vary between resort and urban markets, shaped by their unique economic and demand characteristics. Both buyers and sellers should remain vigilant, keeping abreast of policy developments and market trends to navigate the evolving real estate landscape effectively.

Sun Valley Townhomes & Condos:

Sales: 18 (2024) → 23 (2025) ➡️ Up

Median Sold Price/SqFt: $1,045 (2024) → $944 (2025) ➡️ Down
Median Sold Price: $1,147,500 (2024) → $1,175,000 (2025) ➡️ Up

Sun Valley saw a decrease in price per square foot, but the median sales price still saw a positive increase, signaling demand despite slight price fluctuations.

Elkhorn (Sun Valley) Townhomes & Condos:

Sales: 46 (2024) → 50 (2025) ➡️ Up
Median Sold Price/SqFt: $765 (2024) → $766 (2025) ➡️ Flat
Median Sold Price: $885,000 (2024) → $800,000 (2025) ➡️ Down

In Elkhorn, sales numbers have increased, but the median price slightly dropped while the price per square foot remained relatively stable

Ketchum Townhomes & Condos:

Sales: 58 (2024) → 59 (2025) ➡️ Up
Median Sold Price/SqFt: $913 (2024) → $950 (2025) ➡️ Up
Median Sold Price: $1,300,000 (2024) → $1,500,000 (2025) ➡️ Up

Ketchum saw growth in both the price per square foot and the median sales price, reflecting a strong market in 2025.

Warm Springs (Ketchum) Townhomes & Condos:

Sales: 20 (2024) → 22 (2025) ➡️ Up
Median Sold Price/SqFt: $839 (2024) → $830 (2025) ➡️ Down
Median Sold Price: $690,000 (2024) → $804,000 (2025) ➡️ Up

Warm Springs experienced a slight decrease in price per square foot but a notable increase in overall median sales price.

2024 vs. 2025 Real Estate Market Overview: Single Family Homes

The single-family home market in Sun Valley and its surrounding areas, including Ketchum, Warm Springs, Elkhorn, North Ketchum, and Mid-Valley, shows both growth and shifts in pricing across the board. Let’s break down the performance of these areas:

Sun Valley Single-Family Homes:

Sales: 9 (2024) → 7 (2025) ➡️ Down
Median Sold Price/SqFt: $1,173 (2024) → $1,152 (2025) ➡️ Down
Median Sold Price: $4,000,000 (2024) → $4,700,000 (2025) ➡️ Up

Despite a slight drop in price per square foot and sales volume, Sun Valley saw a notable rise in the median sales price, indicating continued demand for high-end properties.

Elkhorn (Sun Valley) Single-Family Homes:

Sales: 14 (2024) → 11 (2025) ➡️ Down
Median Sold Price/SqFt: $850 (2024) → $948 (2025) ➡️ Up
Median Sold Price: $3,125,000 (2024) → $3,400,000 (2025) ➡️ Up

While Elkhorn saw fewer sales in 2025, prices per square foot and median prices have increased, suggesting a shift toward higher-value properties in this area.

Ketchum Single Family Homes

Sales: 19 (2024) → 12 (2025) ➡️ Down
Median Sold Price/SqFt: $1,396 (2024) → $1,373 (2025) ➡️ Down
Median Sold Price: $5,100,000 (2024) → $4,395,000 (2025) ➡️ Down

Ketchum experienced a decline in sales and a slight dip in both price per square foot and median price, indicating some cooling in this high-end area.

Warm Springs

Sales: 13 (2024) → 15 (2025) ➡️ Up
Median Sold Price/SqFt: $1,102 (2024) → $1,108 (2025) ➡️ Slight Up
Median Sold Price: $2,410,000 (2024) → $2,925,000 (2025) ➡️ Up

Warm Springs saw a healthy increase in both sales and median prices, reflecting a more competitive market with modest price appreciation.

North Ketchum

Sales: 9 (2024) → 13 (2025) ➡️ Up
Median Sold Price/SqFt: $947 (2024) → $1,227 (2025) ➡️ Up
Median Sold Price: $4,100,000 (2024) → $4,250,000 (2025) ➡️ Up

North Ketchum saw strong demand, with both an increase in the number of sales and a significant rise in price per square foot, contributing to a higher median sales price.

Mid-Valley

Sales: 34 (2024) → 30 (2025) ➡️ Down
Median Sold Price/SqFt: $739 (2024) → $845 (2025) ➡️ Up
Median Sold Price: $2,825,000 (2024) → $3,242,500 (2025) ➡️ Up

Mid-Valley experienced a decrease in sales volume, but like other areas, it saw significant increases in both price per square foot and median price, suggesting strong demand even in more suburban areas.