Jackson Hole Real Estate Market Report | Year End 2025

TETON COUNTY, WYOM I NG

Market Report Year End

2025

Teton County, Wyoming — Year End 2025 Sales Volume Vs. Units Sold 20 07-202 5

SA L ES VO LU M E

U N I TS SO L D

U N ITS SO LD

$ 2 .0 0 B

800

$ 1.8 0 0 B

700

$ 1.6 0 0 B

600

$ 1.4 0 0 B 500 $ 1. 20 0 B 400

$ 1.0 0 B $800M

300

$ 60 0 M 200 $400M 100

$ 20 0 M

20 07 20 0 8 2009 2010

2011

2012

2013

2014

2015

2016

Fueled by the luxury segment of the market, Jackson Hole real estate had a very good year in 2025. While overall

2018 2019 2020 2021 2022 2023 2024 202 5

percent with 36 transactions and up nearly 110 percent with $578M in sales volume.

transactions were only up 13 percent in the Realtor MLS

In addition and exclusive of the above totals, Jackson Hole

compared to 2024, the complementing sales dollar volume of

Sotheby’s International Realty was part of the launch of the

nearly $1.4B represented a 31.4 percent jump over last year.

ultra-posh Hoback Club in Teton Village and represented the

Home sales alone exceeded $1B, with the median home

two dozen private sales in 2025 (accounting for additional

sale price growing 25 percent in 2025 to $3.75M (for a

sales volume of more than $400M). Other private sales

5-bedroom, 5,100 sq.ft. home on 4.5 acres in Wilson). With

around the valley suggest the total sold dollar volume

fewer than 100 homes currently on the market at the moment

reported to the Teton County Assessor last year exceeded

– and where more than one-third of the inventory priced in

$2B.

excess of $10M – pricing is poised to stay strong for 2026.

Strong sales in the last 12 months across all property types

In 2025, 81 sales with a listing price of $5M or more

were coupled with a 11 percent increase in active listings

generated $870M of Jackson Hole’s $1.384B valley-wide

compared to the beginning of 2025. Last year, 204 properties

total (or nearly two-thirds of the entire market). Transactions

were on the market in Teton County. This year, that number

for listings priced greater than $10M were up more than 150

has grown to 228.

Sales Volume By Area

2024

2024 VS. 202 5

2025

Sales Volume By Price Category U NITS SOLD

$4 0 0 M 56

$3 5 0 M

126

UNITS SOLD 36

$ 550 M $ 50 0 M

$3 0 0 M $275 M

$ 4 50 M

116

$400M

$2 5 0 M 48

$2 2 5 M

67

$20 0 M

62

$175 M

$ 350 M 41

$ 30 0 M

$12 5 M

98

55

$ 1 . 5$3M

$ 3 M - 5M $ 5 M -10 M

$ 20 0 M

26

45

14

115

$ 2 50 M

$15 0 M $10 0 M

2025

$600M

48

$3 25 M

2024 VS. 2025 2024

55

$ 375M

Cover Property: #P73GH4

2017

53

$ 1 50 M 19

$ 10 0 M

$75M

$ 50 M

$5 0 M T E TO N V I LLAG E

WEST OF SNAKE RIVER

NORTH O F TOWN

TOWN OF JAC KSON

SOUT H O F TOW N

65 20

60

21

< $ 850K

$ 850K$ 1 . 5M

> $ 10 M

*Based on the Teton Board of Realtors MLS, Areas 1-10, for 2024 and 2025.

Condominiums/Townhomes

Featured Property: #4SB4YB

The condo and townhome segment of the Jackson Hole market saw modest gains in 2025 of 4.8 percent

Sales Volume By Area

on transactions and 9.1 percent for the complementing

2024

$190M of sold dollar volume. Of the 110 total sales last year, 58 properties sold in the Town of Jackson.

* excludes fraction a l u n i ts

2024 VS. 2025 2025

UNITS SOLD

$ 1 20 M

The Glenwood development just off the Town Square posted the four most expensive sales in 2025 and with listing prices ranging from $5.75M to $7.1M (and with the latter valued at more than $1800/sq.ft.).

$ 1 10 M

58

$ 10 0 M

60

$90M

The Teton County median condo/townhome sale grew

$80M

slightly in 2025 to just under $1.25M (for a 2-bedroom Balsam Lodges unit in the Aspens) and up from $1.225M

$70 M

in 2024 (for a 2-bedroom unit in Teton Shadows north of

$60M

the Town of Jackson).

The most noteworthy development for 2025 in this segment of the market was the completion of the new benchmark for luxury in the region: the ski-in/ski-out Hoback Club in Teton Village. The 24 sales from 2025 occurred privately and outside of the Teton Board of Realtors MLS. That said, Jackson Hole Sotheby’s

$ 50 M $40M $ 30 M

13

19 17

15 11

9

$ 20 M 8

5

$ 10 M

International Realty helped the developer with its release and by selling out the inventory prior to the completion of

CU R R E N T A R E A STATS

At A Glance

the 250,000 sq.ft. private resort.

TETON VILLAG E

WEST OF NORTH SNAKE RIVER OF TOWN

TOWN OF JACKSON

SOU T H O F TOW N

Number of Condominiums Sold 2025

% Change in Average Sales Price from 2024

2025 Average Condominiums Sale Price

Average Days on Market

110

+ 4.1%

$1,733,859

144

Single Family Homes

Featured Property: #B9WNXJ

Sales Volume By Area

Prior to the global pandemic, the symbolic threshold for a strong real estate year was whether sales of all property

2024 VS. 202 5 2024

202 5

types in Teton County exceeded $1B.

U N ITS SO LD

$350M

2025 was a banner year for the Jackson Hole market, and home sales alone generated $1.007B in sales (or a nearly 50

35

percent increase in sold dollar volume compared to last year).

$ 3 25 M

While total home sales increased from 145 transactions

$300M 32

$ 275 M

in 2024 to 161 last year (or a modest 11 percent), the upper

46

end of the market accounted for the strong performance.

$250M

Thirty-six home sales with a listing price of $10M or more

$225M

generated $578M in sold dollar volume (and for an average

29

price in this elite segment of the market of more than $16M).

$ 20 0 M 44

22

$ 175 M

40

$ 15 0 M

45

$ 120 M

2 acres south of Town) to $3.75M in 2025 (for a 5-bedroom, 5,100 sq.ft. home on 4.5 acres in Wilson). Skewed by the

$ 10 0 M

prevalence of upper-end sales, the average Jackson Hole

7

home price jumped 35% to $6.25M.

$75M

Home inventory decreased slightly year over year. Last

5

$5 0 M

January, 97 homes were listed for sale across the valley. At

$2 5 M

the beginning of 2026, that number had fallen slightly to 92

CU R R EN T A RE A STATS

T E TO N V I L L AG E

At A Glance

The median Teton County home price shot up 25 percent from $3M in 2024 (for a 5-bedroom, 2,500 sq.ft. home on

WEST O F N O RT H SN AK E RIVER O F TOW N

TOW N O F JACKSO N

SOUTH OF TOWN

available for sale. More than one-third of homes currently on the market have a listing price in excess of $10M.

Number of Single Family Homes Sold 2025

% Change in Average Sales Price from 2024

2025 Average Single Family Home Sale Price

Average Days on Market

160

+ 35.5%

$6,284,512

143

Land & Ranches

Featured Property: #BF64XX

Jackson Hole’s 39 land sales in 2025 were a modest 11 percent increase over 2024. Transactions ranged from

Sales Volume By Area 2024 VS. 2025

nearly $800k for 0.31-acre parcel in Porter Ranch south bordering the Snake River north of town.

2025

2024

of the town of Jackson to more than $17M for 70 acres

UNITS SOLD 11

$ 1 10 M

Last year’s median land sale posted at $2.05M (for 3.6 acres in Fairway Estates north of the Town of Jackson).

2024’s median sale also occurred in Fairway Estates and with a slightly higher listing price of $2.595M. The average vacant land sale price in Teton County also fell 39 percent in 2025 to $3.2M (and down from $5.3M in 2024).

$ 10 0 M $90M $80M $70 M

North of Town was also the most active segment of the market in 2025 with 15 of the total 39 transactions, and accounted for nearly half of the vacant land segment’s $125M sold dollar volume in 2025.

Current offerings on the market range from $795k (for 1.2 acres in Moran) to $33.5M for 120 acres in South Park.

Since last year, inventory has increased slightly in this portion of the market – and also in a valley where more than 98 percent of the land has been protected

15 $60M $ 50 M

10

$40M $ 30 M 2

$ 20 M

5

5

11 8 6

$ 10 M

1

in perpetuity as National Park, National Forest or some other conservation holding – from 48 parcels offered for

CUR R E N T A R E A STATS

At A Glance

sale in 2025 to 57 active listings at the beginning of 2026.

TETON VILLAG E

WEST OF NORTH SNAKE RIVER OF TOWN

TOWN OF JACKSON

SOU T H O F TOW N

Number of Land & Ranch Sites Sold 2025

% Change in Average Sales Price from 2024

2025 Average Land & Ranch Sites Sale Price

Average Days on Market

39

-38.9%

$3,215,115

227

Featured Property: #XFC9DF

MAIN OFFICE

SNAKE RIVER LODGE & SPA

THAYNE

185 WEST BROADWAY AVENUE JACKSON, WYOMING 83001

7710 GRANITE LOOP ROAD TETON VILLAGE, WYOMING 83025

280 NORTH MAIN STREET THAYNE, WY 83127

GRAND TARGHEE RESORT

EAST BROADWAY

FOUR SEASONS RESORT

110 EAST BROADWAY AVENUE JACKSON, WYOMING 83001

7680 GRANITE LOOP ROAD TETON VILLAGE, WYOMING 83025

HOTEL TERRA

TETON MOUNTAIN LODGE

3335 WEST VILLAGE DRIVE TETON VILLAGE, WYOMING 83025

3385 WEST CODY LANE TETON VILLAGE, WYOMING 83025

3300 SKI HILL RD ALTA, WY 83414

DRIGGS 10 NORTH MAIN STREET DRIGGS, IDAHO 83422

TETON PINES RESORT 3415 NORTH PINES WAY WILSON, WYOMING 83014

JHSIR.COM

Although the foregoing data has been compiled from sources deemed reliable, Jackson Hole Sotheby’s International Realty does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, error, revision, and cancellation without notice, and should be independently verified with the source of such information. Source data is provided by Teton Board of Realtors MLS for areas one through ten, and supplemented with proprietary sales data for $0 sales. ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.