Wood River Market Analysis.

Ketchum

Ketchum offers a high-end, resort-oriented market, with values that often exceed those in Sun Valley.

  • Median home price: A median list price of $2,391,667 was reported for August 2025.

  • Market trends: Like Sun Valley, Ketchum's market is labeled as a buyer's market as of August 2025. While sales are down compared to the peak, listings are up, and prices are beginning to stabilize after a 17% increase in median price from 2023 to 2024.

Hailey

Hailey offers the most approachable price point in the Wood River Valley, though it is still experiencing strong demand.

  • Median home price: Data from August 2025 indicates a median listing price of $914,500 and a median sold price of $554,700. Other sources cite a median sale price of $854,400 in July 2025 and an average home value of $947,681.

  • The Hailey market is seeing strong activity, with homes selling after an average of 34 days on the market as of August 2025. While still competitive, prices have shown some moderation compared to previous years, with August 2025 median listing prices down 8.5% year-over-year.

Bellevue

Bellevue represents the lowest-priced option in the Wood River Valley, though prices have risen significantly in recent years as buyers have been priced out of the northern communities. 

  • Median home price: Data shows median listing price of $975,000 and a per-square-foot price of $446 in August 2025. This is slightly higher than Hailey's median listing price. In August 2025, Movoto listed a median sold price of $2,180,000 based on a small number of sales, a statistic that likely reflects some very high-end outliers.

Sun Valley

The market in Sun Valley caters to the luxury and resort-home buyer, commanding significantly higher prices than the southern valley.

  • Median home price: As of August 2025, Sun Valley's median listing price was $1.6 million, with a price per square foot of $964. Median home prices have generally been over $1.5 million in 2025.

  • Market trends: Sun Valley is currently classified as a buyer's market, with the supply of homes exceeding demand. This has led to some price stabilization and a noticeable slowdown in sales volume compared to the boom years of 2020 and 2021.