The 1996–1997 Úrvalsdeild kvenna was the 40th season of the top-tier women's basketball league in Iceland. The season started on 5 October 1996 and ended on 27 March 1997. Grindavík won its 1st title after sweeping defending champions Keflavík 2–0 in the semi-finals[1] and KR 3–0 in the Finals.[2]
The participating teams first played a conventional round-robin schedule with every team playing each opponent twice "home" and twice "away" for a total of 18 games. The top four teams qualified for the championship playoffs while the bottom team was relegated to the second-tier Division I.