Second Quarter
2025 WEST SIDE OF THE TETONS
Teton Valley, Idaho — Q2 2025
Mirroring the trend of the Jackson Hole market, Teton Valley saw a 19.1 percent uptick in sold dollar volume for the first six months of this year compared to 2024. Of the $212.7M in sold dollar volume transacted through Q2, nearly $125M (or 58.6 percent) was generated by approximately one-fifth of the total sales with a listing price in excess of $1M (or 57 properties of the total 264 year-to-date sales).
And much like its Wyoming neighbors, the market’s upper-end home sales have paved the way for Teton Valley’s success in 2025. Thirty-eight homes with a listing price of $1M or more accounted for nearly $70M of the valley-wide total. The strong performance in this upper end segment of the market also pushed the Teton
Sales Volume By Area
Valley average home sale price to more than $1.46M. Several new condo and townhome projects in Victor and Driggs have also seen strong activity for 2025. The 54 closings in this segment of the market and the complementing $29M in sold dollar volume represents increases of 54.3 percent and 41.3 percent, respectively, compared to the first six months of 2024.
Vacant land sales – which have historically been Teton Valley’s bread and butter – saw 23.7 percent fewer transactions through Q2 compared to 2024. Several large land sales (including five with a listing price of $3M or more), however, helped push the year-to-date sold volume to nearly $70M (or an 8.3 percent increase over 2024).
Sales Volume By Price Category
Condominiums/Townhomes
For the first six months of 2025, Teton Valley condos and townhomes saw 54 closings and a complementing dollar volume of $29M. While this segment of the market represented only one-fifth of the region’s transactions and 13.7 percent of the total market volume, the year-to-date performance represented a substantial increase over 2024 when only 35 properties sold for roughly a total of $20.6M (or 2025 increases of 54.3 percent and 41.3 percent, respectively).
New developments have driven this sector in recent years, and 2025 has seen more of the same with activity at The Flats at Teton Peaks and Stone Peak, which accounted for 30 of Driggs’ year-to-date 45 transactions.
Twenty transactions for entry-level units at The Flats at Teton Peaks, however, skewed the median price downward in 2025 to $489,000 (for a 2-bedroom, 1,175-sq.ft. townhome in Moraine Square). The average sale price also fell from $588,243 in 2024 to $538,608 for the first six months of 2025.
Despite newer inventory coming to market in Victor and Driggs, the uptick in activity for the last twelve months has kept condo and townhome inventory relatively flat in 2025.
Sales Volume By Area
Single Family Homes
Sales Volume By Area
While the 72 home sales in Teton Valley for the first six months of 2025 represented a modest increase over 2024’s tally of 69 transactions, 37 of those transactions (or 51.3 percent) had a listing price in excess of $1M.
The complementing dollar volume driven by upper-end home sales thus far in 2025 of $105.4M resulted in a 20 percent jump over the Q2 2024 tally. Home sales also represented just over a quarter of all 2025 sales in Alta, Victor, Driggs and Tetonia, but the sold dollar volume was nearly half of the valley’s $212.7M market-wide total.
Seven sales in Tribuatry also helped drive the average home price to more than $1.46M. The median home price followed suit with a 16.7 percent increase over 2024’s mid-point sale of $1.05M (for a 5-bedroom, 3,300 sq.ft. home on 0.64 acres in Brookside Hollow) to $1.225M this year (for a 4-bedroom, 2,700 sq.ft. home on 0.26 acres in Shoshoni Plains).
A noticeable spike in inventory, however, threatens to keep this market segment in check. In July, 2024, 91 homes were listed for sale. One year later, that number has ballooned to 146 active listings (and with 97 of the homes currently on the market listed in excess of $1M).
Sales Volume By Area
Through Q2 2025, vacant land sales in Teton Valley slipped compared to last year. The 132 year-to-date transactions (which were also half of all transactions in the valley) were down from 173 sales in 2024 (and when land sales accounted for 61.1% of all transactions).
Driggs managed to buck the larger market trend by posting 46 land sales for the first six months of 2025 (for a 24.3 percent increase over last year). Seven transactions with a listing price of $1M or more–including three sales in Tributary–helped push the Driggs land dollar volume to $21.3M (or a 68.1 percent jump over 2024).
Seventeen transactions of $1M or more also helped to push the average land sale price to $529,720. That said, the median sale in 2025 slipped slightly to $222,000 (for a 1-acre parcel in Driggs), down from $225,000 from last year (for a 0.79-acre parcel in Victor).
A rise in inventory may present some challenges for the remainder of the summer season. Last July, 219 properties were listed for sale. One year later, that number has jumped 15 percent to 252 active listings.
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