🏔️ Sun Valley Resort Market Update: June 2025 – A Look at Warm Springs, Ketchum, Elkhorn, and Sun Valley Proper 🌄

The resort market in Sun Valley is buzzing with activity! Whether you're thinking of buying a dream home in Warm Springs, checking out the charm of Ketchum, or getting a slice of mountain life in Sun Valley Proper or Elkhorn, it’s important to know where the market stands right now. So, let’s break it down in an easy-to-digest, exciting way!

🏡 The Numbers at a Glance: Current vs. Previous Trends
📈 Homes For Sale
May 2025 vs. April 2025:

+21.9% increase – The inventory of homes for sale has surged from 196 to 239! 🌟 The summer months are heating up, and so is the number of listings.
May 2025 vs. May 2024:

Tiny dip of 0.8% – Last year’s 241 listings are just slightly ahead of this year’s 239. Inventory remains relatively stable year-over-year.
Mar-May 2025 vs. Mar-May 2024:

Barely any change – We’re looking at a 0.8% decrease compared to the same quarter last year, so this market is still holding strong.

📉 Homes Sold
May 2025 vs. April 2025:

-31.9% decrease – Sold homes dropped from 47 to 32. The market cooled off a bit, but don’t let that fool you—there’s still plenty of action. 😎
May 2025 vs. May 2024:

+14.3% increase – Sales picked up compared to last year’s 28 homes, showing that buyers are still looking despite any slowdowns.
Mar-May 2025 vs. Mar-May 2024:

+9.2% increase – Year-over-year growth means the market is still strong overall, even if there are fewer homes being sold this month.

🔮 Pending Sales
May 2025 vs. April 2025:

+46.2% increase – Pending sales jumped from 26 to 38, showing signs of optimism and a likely busy summer ahead. 🔥
May 2025 vs. May 2024:

+35.7% increase – We’ve seen a big jump from last year’s 28 pending homes, indicating that buyers are increasingly committed to making deals.
Mar-May 2025 vs. Mar-May 2024:

+17.6% increase – With 107 pending sales this quarter compared to 91 last year, the momentum is growing for the Sun Valley resort market.

🗓️ June 2025 Market Snapshot: What’s Happening Right Now
🏡 Homes For Sale
June 1-26, 2025 vs. May 2025:

+27.3% increase – Listings spiked from 88 to 112. The market’s getting a real boost with more homes entering the scene this month.
June 2025 vs. June 2024:

+6.7% increase – More homes are available compared to last year, continuing the trend of consistent inventory growth.
YTD 2025 vs. YTD 2024:

+6.7% increase – Year-to-date, we’re seeing more homes for sale compared to last year, but the increase is modest, showing a healthy market balance.

💰 Homes Sold
June 1-26, 2025 vs. May 2025:

-12.5% decrease – Sales dipped from 8 to 7. But remember—this is just one month, and June is often slower as people get into summer mode. 🏖️
June 2025 vs. June 2024:

+250% increase – WOW! Sales skyrocketed compared to the 2 homes sold last June. 🌟 It seems like buyers are back in action, and the market is waking up after a slower start to the year.
YTD 2025 vs. YTD 2024:

+39.3% increase – We’re up 39.3% in sales from last year, showing strong growth and confidence in the market!

🔮 Pending Sales
June 1-26, 2025 vs. May 2025:

+80% increase – Pending sales surged from 5 to 9. There’s definitely more energy in the air, and the market is heating up as summer approaches.
June 2025 vs. June 2024:

-10% decrease – Pending sales have decreased slightly compared to last year, but this is normal for the time of year as the market shifts toward the peak summer season.
YTD 2025 vs. YTD 2024:

+16.1% increase – Pending sales are up by more than 16% from last year. Even if things are slower this month, overall activity is heading in the right direction.

💥 Key Market Metrics: What You Should Know
🕰️ Days on Market
May 2025 Average:

Homes are taking an average of 166 days to sell in May. This is a jump from 109 days in April, so buyers need to be patient, and sellers should prepare for a longer timeline. ⏳
💲 Pricing Trends
Average Active Price:

The average price for homes on the market sits at $3.4M in May, a slight dip from April’s $3.64M, but prices are still on the higher side as the resort lifestyle demands premium prices. 🏞️
Average Sold Price:

Sold homes in May averaged $1.67M, a small increase from last month’s $1.61M. If you’re buying, don’t be shocked by prices! 🌟
Price per Square Foot:

Homes that sold in May averaged $699/sq. ft., down from $788 last month. This could mean buyers are finding more affordable options as the market adjusts.

🔑 Takeaways: The Sun Valley Resort Market is Heating Up
The Sun Valley Resort Market is shaping up to be full of opportunities this summer! 🌞 Whether you're thinking about buying in Ketchum, Warm Springs, Sun Valley Proper, or Elkhorn, there’s a noticeable increase in inventory, and pending sales are up, showing that buyers are still interested and willing to make moves.

So, if you're a buyer, there’s plenty to explore, and if you're a seller, it’s a great time to list—especially as pending sales are on the rise. This market is vibrant and still trending upward, with lots of room for growth!

Ready to make your move? Let’s chat about how we can help you navigate this exciting market! 💬

📞 Whether you're buying, selling, or just exploring options, it's essential to stay informed. Reach out to Sun Valley Realtor Cheryl Concannon, a local expert, to navigate the ins and outs of the Sun Valley Resort Market Area.