If you felt like Jackson Hole real estate spent last year saying “hold my Wyoming craft beer,” you’re not wrong.
According to the Teton County Year-End 2025 Market Report, total reported sales volume hit $1.384 billion via the MLS alone, up 31.4% year over year, despite transaction counts rising a far more modest 13%. Translation: fewer deals, much bigger checks.
And that’s before factoring in hundreds of millions in private, off-MLS luxury sales that push the real total north of $2 billion. Totally normal stuff😜.
The Big Picture: Volume Up, Inventory Tight, Prices… Still Climbing
Key Market Highlights (All Property Types)
| Metric | 2025 | YoY Change |
|---|---|---|
| Total Sales Volume (MLS) | $1.384B | +31.4% |
| Estimated Total Volume (Incl. Private Sales) | $2B+ | ↑ |
| Total Transactions | +13% | Modest |
| Active Listings (End of Year) | 228 | +11% |
| Homes Currently for Sale | <100 | Scarce |
| Listings Over $10M | ~⅓ of inventory | Casual flex |
The takeaway? Inventory remains tight, luxury dominates, and anyone waiting for a dramatic “correction” may want to get comfortable, preferably in a $15M living room with floor-to-ceiling Tetons views.
Single-Family Homes: Luxury Did All the Heavy Lifting
Home sales alone cracked $1.007 billion, nearly a 50% jump in sold dollar volume year over year, even though the number of homes sold only rose by about 11%.
Single-Family Home Snapshot (2025)
| Metric | Value |
|---|---|
| Homes Sold | 160 |
| Avg. Sale Price | $6.28M |
| Median Sale Price | $3.75M |
| Avg. Days on Market | 143 |
| YoY Avg. Price Change | +35.5% |
| $10M+ Home Sales | 36 transactions |
| $10M+ Volume | $578M |
Yes, the average home price jumped more than 35%. No, that doesn’t mean your neighbor’s 1970s split-level suddenly doubled in value; it means ultra-high-end sales continue to warp the averages like a Jackson Hole funhouse mirror.
Condos & Townhomes: Modest Gains, Eye-Watering Exceptions
The condo and townhome market behaved… relatively responsibly.
Sales volume rose 9.1% to roughly $190M, while transaction counts increased 4.8%. Median pricing nudged up, but the headline grabbers came from ultra-luxury developments near Town Square and Teton Village.
Condos & Townhomes at a Glance
| Metric | Value |
|---|---|
| Units Sold | 110 |
| Avg. Sale Price | $1.73M |
| Median Sale Price | ~$1.25M |
| Avg. Days on Market | 144 |
| YoY Avg. Price Change | +4.1% |
Notable footnote: multiple condo sales cleared $5.75M–$7.1M, including pricing north of $1,800 per square foot. Which is impressive, unless you’re the one paying.
Land & Ranches: Fewer Buyers, Much Smaller Checks
If there was one segment that pumped the brakes, it was vacant land.
Despite a slight uptick in transaction count, average prices fell sharply, down nearly 39% year over year.
Land & Ranch Market (2025)
| Metric | Value |
|---|---|
| Parcels Sold | 39 |
| Avg. Sale Price | $3.21M |
| Median Sale Price | $2.05M |
| Avg. Days on Market | 227 |
| YoY Avg. Price Change | −38.9% |
| Active Listings (Start of 2026) | 57 |
Why the pullback? Fewer trophy parcels trading hands, more selective buyers, and the small detail that 98% of Teton County land is permanently protected, which keeps supply tight, but also limits what’s actually buildable.
What This Means for 2026 (Spoiler: Don’t Bet Against Luxury)
• High-end buyers are still driving the market
• Inventory remains constrained, especially for homes
• Prices are likely to stay firm, even if transaction counts soften
• Off-market deals continue to quietly reshape the real numbers
In other words, Jackson Hole real estate is doing exactly what it’s done for the past several years, defying gravity, expectations, and sometimes basic logic.
But hey, when more than a third of available homes are priced north of $10 million, logic left the valley a while ago.
AntlersArch founder and the voice behind Teton Tattle.
