MARKET REPORT Q 3 2 0 26 • JAC KS O N H O L E
MARKET REPORT Q 3 2 0 26 • T H E JAC KS O N H O L E M A R K E T The Jackson Hole real estate market demonstrated significant momentum in Q3 2026, driven by strong transactional activity and a notable expansion in overall dollar volume. Total sales grew 14% year-over-year to 288 transactions, while total dollar volume surged 51% to reach $1.8 billion. Active inventory contracted 12% to 311 listings, while pending listings dipped 7% to 53. Cash transactions continued to lead financing activity, representing 58% of all closed deals, an 11% increase year-over-year, while conventional financing accounted for 28%.
at a steady pace relative to broader market inventory constraints.
The single-family home segment served as the primary growth driver during Q3 2026, expanding its market share to 52% of total sales with 151 completed transactions, representing a 27% increase in market share compared to Q3 2025. Strong homebuyer demand favored property trades across middle-to-high price tiers. Consequently, properties in the $2M to $5M price range accounted for the highest share of sales distribution at 41% (118 total sales, up 20%), while transactions over $5M comprised 27% of overall volume with 77 completed deals (up 12%).
Luxury real estate performance was underscored by sustained interest at the highest price points. Properties priced above $5M represented 59 transactions during the quarter, reflecting continued strength in the high-end segment. Demand for trophy properties and turnkey luxury assets maintained strong price stability across prime Jackson Hole locations.
The Jackson Hole condo and townhouse sector saw a pullback in activity, with transaction volume contracting to 75 closed sales. This decline shifted its share of overall market activity down 15% year-over-year to 26% of total transactions. Despite fewer closed transactions, median pricing moved to $2,600,000 valley-wide, up 9% from $2,375,000 in Q3 2025, demonstrating that well-positioned inventory continued to clear
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Vacant land sales posted steady gains in Q3 2026, expanding its transaction volume to 41 completed trades, a 4% increase in overall market share to 15%. Land buyers took an active approach toward development opportunities across Jackson Hole, driving increased transaction figures for high-quality parcels that offer scenic privacy, mountain views, and direct access to outdoor recreation.
Heading into the final quarter of 2026, Jackson Hole's real estate market maintains solid structural fundamentals. Strong overall dollar volume growth, resilient median pricing (up 9% to $2.6M), and a high proportion of cash transactions (58%) highlight enduring demand. While active listings decreased 12% to 311 properties and average days on market expanded to 159 days from 146, steady buyer participation across single-family homes, land, and luxury offerings positions the market for continued stability.
Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E
$1.8B TOTAL D OLLAR VOLUME 51% INCREASE YOY
$5.5 M AVG SFH SALE S PRICE 3% DECREASE YOY
$3.4M MEDIAN SFH SALE S PRICE 0% CHANGE YOY
288 TOTAL TRANSACTIONS 14% INCREASE YOY
311 ACTIVE LISTINGS 12% DECREASE YOY
With many sales occurring outside of the MLS (Multiple-List Service), it is important to manually track ALL Teton County real estate sales. Typically, it is the higher-end sales that go unreported, vastly skewing the accuracy of MLS data alone. Our market report accounts for all sales, providing a comprehensive overview and deeper insight into the market. C O M PA S S . C O M
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TRANSACTION DISTRIBUTION BY LOCATION 23
21
16 9 20
20 9
101 42 25 T E TO N V I L L AG E ( 2 1 ) - M LS A R E A 1 T E TO N P I N E S ( 2 0 ) - M LS A R E A 2 NORTH OF WILSON (16) - MLS AREA 3 SOUTH OF WILSON (9) - MLS AREA 4 S K Y L I N E R A N C H TO S AG E B R U S H D R I V E ( 2 0 ) - M LS A R E A 5 E AST G ROS VE N T R E B U T T E ( 9 ) - M LS A R E A 6 NORTH OF GROS VENTRE JUNCTION (23) - MLS AREA 7 TOW N O F JAC KS O N ( 1 0 1 ) - M LS A R E A 8 S O U T H O F JAC KS O N TO S N A K E R I V E R B R I D G E ( 4 2 ) - M LS A R E A 9 S O U T H O F JAC KS O N TO C O U N T Y L I N E ( 2 5 ) - M LS A R E A 1 0
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Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E
C O M PA S S . C O M
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SINGLE FAMILY HOMES
S O L D · L I S T E D AT $ 1 0 , 8 0 0 , 0 0 0 · E A S T G R O S V E N T R E B U T T E BUYER REPRESENTED BY NICHOL AS HOUFEK
The Jackson Hole single-family real estate market experienced significant momentum in Q3 2026, with total dollar volume rising 38% to reach $833,373,605 as closed sales surged 42% yearover-year to 150 transactions. This shift reflects broader participation across pricing tiers rather than isolated high-end activity. Cash transactions continued to lead the region, accounting for 58% of total sales compared to 30% financed through conventional mortgages.
confirming ongoing demand for premier properties.
Pricing metrics within the single-family segment stayed firmly grounded, with the median sale price holding virtually flat at $3,350,000. Midtier homes between $1M and $5M drove core activity with 94 sales, while the luxury tier over $5M expanded 50% with 54 total transactions,
Single-family homes remain the bedrock of the Jackson Hole market. Finite geographic supply paired with persistent buyer interest continues to support long-term property values, maintaining a balanced trajectory for both buyers and strategically priced sellers.
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Active inventory tightened 16% to 125 listings while pending listings dropped 48% to 17. Days on market climbed 32% to 166 days, pointing to a more deliberate negotiation process. Property transactions spanned a wide spectrum across the valley, ranging from $1,400,000 to $50,000,000.
Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E
MARKET STATS % CHANGE N U M B E R O F T R A N S A C T I O N S
150
↑ 42%
AC T I V E L I ST I N G S
125
↓ 16%
$833M
↑ 38%
MINIMUM PRICE SOLD
$1.4
↑ 23%
MAXIMUM PRICE SOLD
$50M
↑ 76 %
AV E R A G E S A L E P R I C E
$5.5M
↓ 3%
MEDIAN SALE PRICE
$3.4M
0%
AV E R A G E D AY S O N M A R K E T
166
↑ 32%
P E N D I N G T R A N S AC T I O N S
17
↓ 48%
T O TA L D O L L A R V O L U M E
MEDIAN SALE PRICE
2022 - 2026
9M 8M 7M
PRICE
6M 5M 4M 3M 2M 1M Q2 2022
C O M PA S S . C O M
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Q3 2026
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CONDOS/TOWNHOMES The condominium and townhome market in Jackson Hole showed that buyers maintained a selective, strategic approach through the third quarter of 2026. Transaction activity moderated compared to prior years, with total sales contracting 15% from 88 units down to 75. Total dollar volume reached $155,704,850, while cash purchases accounted for 59% of transactions and conventional loans made up 31%. Pricing reflected demand across segments, as the overall median sale price softened 9% to $1,315,000. Premium properties saw substantial gains, highlighted by a 42% rise in the highest sale price to $9,395,000 and a doubling of sales
over $5,000,000. Inventory contracted 26% year over year with active listings dropping to 50 units, while average days on market edged up slightly to 135 days. Overall, the condo and townhome segment continues to reflect enduring demand for Jackson Hole real estate. While trade volume has eased, sustained high-end interest and tighter listing availability point to a well-balanced market for both buyers and sellers.
S O L D · L I S T E D AT $ 2 , 9 0 0 , 0 0 0 · T O W N O F J A C K S O N R E P R E S E N T E D BY S A M U E L R E E C E & ST E P H A N I E B U E LOW
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Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E
MARKET STATS % CHANGE N U M B E R O F T R A N S A C T I O N S
75
↓ 15%
AC T I V E L I ST I N G S
50
↓ 26%
T O TA L D O L L A R V O L U M E
$156M
↓ 7%
MINIMUM PRICE SOLD
$525K
↓ 10%
MAXIMUM PRICE SOLD
$ 9. 4 M
↑ 42%
AV E R A G E S A L E P R I C E
$ 2 .1 M
↑ 9%
MEDIAN SALE PRICE
$1.3M
↓ 9%
AV E R A G E D AY S O N M A R K E T
135
↑ 3%
P E N D I N G T R A N S AC T I O N S
12
↓ 8%
MEDIAN SALE PRICE
2022 - 2026
4.5M 4M 3. 5 M
PRICE
3M 2.5M 2M 1.5M 1M 5 0 0K Q2 2022
C O M PA S S . C O M
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Q3 2026
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VACANT LAND
S O L D · L I S T E D AT $ 2 , 3 0 0 , 0 0 0 · N O R T H O F T O W N REPRESENTED BY DOUG HERRICK
The Jackson Hole vacant land market experienced a notable surge in transaction activity during Q3 2026, as closed sales rose 17% year over year from 35 to 41 transactions. Driven by a shift in price point distribution, total dollar volume declined 34% to $164,440,369. Active inventory held flat at 63 listings, while pending sales dipped 14% to 6. Demand helped properties move faster, with average days on market dropping 29% to 152 days. Price tiers showed a strong concentration in mid-tier activity. Transactions in the $2M to $5M range surged 200% with 24 sales compared to 8 in Q3 2025, and the $500K to $1M segment
over $5M pulled back 56% to 8 transactions, and the $1M to $2M tier fell 40% to 6. Despite fewer ultra luxury lot sales, the market recorded a top sale of $35,000,000, a 30% increase over Q3 2025 high of $27,000,000. Meanwhile, the lowest land sale dropped 33% to $720,000. Buyer purchasing behavior continued to favor liquidity across the region. Cash transactions represented 67% of all purchases, reflecting a 9% gain in share compared to Q3 2025. Conventional financing accounted for 17% of total transactions, up 20% year over year.
logged 5 sales, up from zero. Conversely, sales 10
Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E
MARKET STATS % CHANGE N U M B E R O F T R A N S A C T I O N S
41
↑ 17%
AC T I V E L I ST I N G S
63
0%
T O TA L D O L L A R V O L U M E
$164M
↓ 34%
MINIMUM PRICE SOLD
$720K
↓ 33%
MAXIMUM PRICE SOLD
$35M
↑ 30%
AV E R A G E S A L E P R I C E
$ 3 .9 M
↓ 43%
MEDIAN SALE PRICE
$2.6M
↓ 24%
AV E R A G E D AY S O N M A R K E T
152
↓29%
P E N D I N G T R A N S AC T I O N S
6
14%
MEDIAN SALE PRICE
2022 - 2026
9M 8M 7M
PRICE
6M 5M 4M 3M 2M 1M Q2 2022
C O M PA S S . C O M
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Q3 2026
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LUXURY The Jackson Hole luxury real estate market saw strong momentum in the third quarter of 2026, with closed transactions rising 31% to 59 sales. This activity drove overall volume up 9% year over year to $562.6 million. While high end demand remained broad, median sale prices moderated 23% to $8,032,500. Nevertheless, trophy assets demonstrated notable strength, reaching a peak sale of $50 million, up 76% from Q3 2025. Inventory levels signal a tightening market ahead, as active luxury listings dropped 32% to 75 properties and pending sales fell 36% to 9. Properties averaged 159 days on market. Financing preferences also shifted, with conventional loans surging 144% to represent 27%
of transactions, while all cash deals accounted for 64% of sales. Homes over $5 million continued to dominate high end activity, representing 18% of all regional transactions. Sub market activity varied across MLS areas. Area 9 led overall dollar volume with $117.0 million across 8 sales, up 91%, with a median price of $12.25 million. Area 8 recorded the highest transaction count with 9 sales totaling $61.1 million. Area 5 achieved the highest median price at $12.0 million, Area 6 rebounded with 4 trades totaling $39.4 million, and Areas 1, 4, 7, and 10 logged sales gains between 25% and 60%. Areas 2 and 3 kept transaction counts flat year over year.
S O L D · L I S T E D AT $ 1 0 , 2 5 0 , 0 0 0 · S O U T H O F J A C K S O N S E L L E R R E P R E S E N T E D B Y G R A H A M FA U P E L M E N D E N H A L L
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Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E
MARKET STATS % CHANGE N U M B E R O F T R A N S A C T I O N S
59
↑ 31%
AC T I V E L I ST I N G S
75
↓ 32%
T O TA L D O L L A R V O L U M E
$563M
↑ 9%
MAXIMUM PRICE SOLD
$50M
↑ 76 %
AV E R A G E S A L E P R I C E
$ 9. 5 M
↓ 17%
MEDIAN SALE PRICE
$8M
↓ 23%
AV E R A G E D AY S O N M A R K E T
159
↑ 3%
P E N D I N G T R A N S AC T I O N S
9
↓ 36%
MEDIAN SALE PRICE
2022 - 2026
11M 1 0M 9M
PRICE
8M 6M 6M 5M 4M 3M Q2 2022
C O M PA S S . C O M
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Q3 2026
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Compass Real Estate is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. This is not intended to solicit property already listed. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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Q 3 • M A R K E T R E P O RT • JAC KS O N H O L E