The summer season isn’t the only thing heating up in Jackson Hole. Our real estate market is on fire, too. Through the first half of 2025, Teton County posted 124 transactions (up 6% from last year) with over $525M in total dollar volume (a 10.7% jump from Q2 2024).
And while that sounds impressive, it’s the luxury market that’s rewriting the record books, and maybe even forcing locals to start referring to anything under $5M as a “starter home.”
15 sales above $10M in the first six months — already surpassing all of 2024’s total.
11 of those were single-family homes.
This segment’s growth represents a 150% increase over last year.
By Property Type
Single-Family Homes
Stat
Q2 2025
Sales
54
Avg. Sale Price
$6,400,160
Median Price
$4.25M (↑ 52.6% YoY)
Avg. Days on Market
134
Trend
Flat in volume, but big gains in value due to luxury closings
Condominiums / Townhomes
Stat
Q2 2025
Sales
45
Avg. Sale Price
$1,676,086 (↑ 8.3% YoY)
Median Price
$1.21M
Avg. Days on Market
141
Trend
Volume & prices up, Town of Jackson leading high-end condo sales
Land & Ranches
Stat
Q2 2025
Sales
16 (↓ 27.3% YoY)
Avg. Sale Price
$4,212,906 (↓ 36.5% YoY)
Median Price
$3M
Avg. Days on Market
275
Trend
Slower activity, but a few big-ticket parcels kept averages high
Sales Volume by Area (All Property Types)
(YTD 2025 vs. YTD 2024)
Area
2024 Volume
2025 Volume
Units Sold 2025
Teton Village
~$50M
~$75M
11
West of Snake River
~$150M
~$200M
43
North of Town
~$225M
~$180M
24
Town of Jackson
~$175M
~$170M
28
South of Town
~$75M
~$80M
18
Key Takeaways
Luxury is King – The $5M+ segment is dominating sales volume, particularly $10M+ homes.
Inventory is Rising – 289 active listings this summer vs. 243 last year means buyers have more choice.
Condo Market is Strong – Especially in the Town of Jackson, where high-end units are closing fast.
Land Sales Slowing – Down nearly 30% in volume, but select premium parcels keep the category relevant.
If Q3 keeps this pace, 2025 could challenge the post-pandemic highs we saw in 2021 — though with nearly a third of current listings priced above $10M, buyers may want to check under the couch cushions before making an offer.
