2025 TETON COUNTY, WYOMING Second Quarter
Teton County, Wyoming — Q2 2025
With the busy summer season in full swing, the Jackson Hole real estate market continued its strong performance over 2024 by posting 124 transactions through Q2 (a 6 percent increase compared to last year) and by generating more than $525M in dollar volume (up 10.7 percent over Q2 2024) for the first six months of this year.
As is typically the case for Teton County, home sales carried the day. Fifty-four transactions with a complementing dollar volume of $345.6M represented two-thirds of the Teton County overall volume total. Luxury home sales (properties with a listing price of $5M or more) led the way with nearly half of the closings (25 transactions). Robust activity in the upper end of the market also pushed the year-to-date home
sale price average to $6.4M (up more than 30 percent from 2024’s average price of $4.9M).
Fifteen sales with a listing price of $10M or more — including 11 upper-end home sales — represented a 150 percent increase over the first six months of 2024. Yearto-date activity in this upper echelon of the Jackson Hole market has already eclipsed all of last year when only 14 properties sold across the valley with a listing price in excess of $10M.
Despite the uptick in activity so far in 2025, the inventory of properties for sale in Teton County has grown from 243 at the beginning of July, 2024, to 289 active listings this summer (or an 18.9 percent increase year over year).
Condominiums/Townhomes
While land transactions slipped slightly and home transactions remained flat compared to Q2 2024, condo and townhome sales improved its performance over last year with 45 closings in the first six months of 2025 and with more than $75M in sold dollar volume.
Activity was distributed around the valley with closings in the Town of Jackson seeing the greatest year-over-year increase (47.4 percent via 28 transactions). Sales in the Town of Jackson also dominated the upper end of this market segment with the five most expense transactions in Teton County (including two closings at The Glenwood with listing prices in excess of $6M).
The median (or mid-point) sale also saw a noteworthy change in the last twelve months jumping from $1M in 2024 (for a 1-bedroom, 1,300 sq.ft. condo in the Town of Jackson) to $1.21M in 2025 (for a 2-bedroom, 1,400 sq.ft. townhome in Rafter J).
Sales Volume By Area
Much like other segments of the Jackson Hole market, condo and townhome inventory has increased despite the uptick in activity. Last July, 60 properties were listed for sale across the valley. One year later, that number has increased 25 percent to 75 properties currently listed for sale. 2025
Single Family Homes
Sales Volume By Area
While home closings remained constant through Q2 2025 compared to last year, the complementing dollar volume generated from the year-to-date home transactions increased more than 30 percent to $345.6M.
The most noteworthy trend thus far in 2025 has been demand in the >$10M range, with 11 closings in the last six months. This year-to-date total has already matched upper-end home sales from all of 2024, and–with the busiest portion of the year still ahead–threatens to eclipse the record-setting tally from 2021 when 27 elite homes sold across the valley by year’s end.
The median home price grew 52.6 percent in 2025 to $4.25M (for a 3-bedroom, 1,700 sq.ft. home on 3 acres in Polo Ranches), up from $2.78M in 2024 (for a 4-bedroom, 3,900 sq.ft. home in East Jackson). The strong showing from the upper end of this market segment also drove the average Teton County home price to more than $6.4M.
As has been the valley-wide trend, home inventory grew year over year from 117 active listings in July, 2024, to 142 homes currently listed for sale this year. Nearly a third of the homes currently on the market in Jackson Hole have a listing price in excess of $10M.
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The 16 vacant land transactions so far in 2025 represented a 27.3 decline in activity from the first six months of 2024. In a county where more than 98 percent of all land is protected in perpetuity as National Park, National Forest or some other conservation holding, it’s also not uncommon to see activity in this segment of the market to represent only 10 to 20 percent of the overall sales in Jackson Hole.
While the median (or mid-point) land sale posted at just under $3M (for a 5-acre parcel north of the Town of Jackson in Solitude subdivision), three large transactions with a listing price of $9M or more helped drive the average price up to more than $4.2M.
Much like the overall market, vacant land listings increased to 65 parcels across the valley (compared to July, 2024, when only 60 properties were listed for sale). Some of that uptick in inventory can also be attributed to the recent release of parcels in a new neighborhood south of the Town of Jackson (Porter Ranch).
Current options for buyers range from $795,000 (for a 1.2-acre parcel north of the Town of Jackson in Moran) to $33M (for 120 acres just south of the Town of Jackson in South Park).
Sales
By Area
$110M
$100M
$90M
$80M
$70M
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