After two years of post-pandemic slowdown, Jackson Hole’s housing market is officially back in gear.
Through the first nine months of 2025, Teton County real estate transactions jumped 11%, and total dollar volume surged 27% year-over-year, fueled by a wave of upper-end luxury sales
By the end of September, the valley’s total sales hit $980 million, putting the region on pace to surpass the symbolic $1 billion milestone that defines a strong year in Jackson Hole real estate.
Market Snapshot — Q3 2025
| Metric | 2024 | 2025 | % Change |
|---|---|---|---|
| Transactions (YTD) | +11% | ||
| Total Sales Volume | — | $980M | +27% |
| Median Sale Price | $2.0M | $2.375M | +18% |
| Active Listings | 256 | 301 | +17.5% |
The median home in 2025, a 3-bedroom, 2,000-sq.ft. home in the Town of Jackson, now sells for $2.375 million, up from $2 million a year earlier.
Jackson Single-Family Homes Now Avg. $6.3M
If there’s one clear driver of the rebound, it’s luxury homes. While single-family sales made up less than half of all transactions, they accounted for nearly 70% of total market volume — $677 million through Q3.
| Metric | Q3 2024 | Q3 2025 | % Change |
|---|---|---|---|
| Homes Sold | 107 | ||
| Avg. Sale Price | $4.7M (est.) | $6.33M | +34.3% |
| Listings Over $10M | — | 35% of market | — |
| Avg. Days on Market | — | 125 | — |
Notably, 24 homes priced above $10 million sold through September, eclipsing even the pandemic frenzy of 2021. Recent trophy sales include properties in Teton Pines, Crescent H, Gros Ventre North, and the iconic “Big Boulder” estate on Fish Creek.
Condos & Townhomes See Steady Growth in Town
Condo and townhome sales continue to show steady, sustainable growth. There were 78 sales through September, a 5.4% uptick from 2024, with strong demand centered in downtown Jackson.
| Metric | Q3 2024 | Q3 2025 | % Change |
|---|---|---|---|
| Units Sold | 74 | 78 | +5.4% |
| Avg. Sale Price | $1.69M | $1.87M | +10.4% |
| Price / Sq. Ft. | $1,214 | $1,331 | +9.6% |
| Avg. Days on Market | — | 132 | — |
High-end condo transactions in The Glenwood, with listings from $5.75M to $7.1M, helped lift the segment’s average price. The median sale hit $1.4M (for a 2-bedroom, 1,200-sq.ft. unit at Spring Creek Ranch).
Land & Ranches: Modest Activity, Lower Prices
The land market remains a small but vital piece of the valley’s real estate picture.
So far in 2025, 30 land and ranch sales were recorded, up 11% from 2024, with a total volume of $106.8 million.
The average sale price fell 43% to $3.56 million, reflecting a shift toward smaller parcels and new residential developments like Porter Ranch.
| Metric | Q3 2024 | Q3 2025 | % Change |
|---|---|---|---|
| Parcels Sold | 27 | 30 | +11% |
| Avg. Sale Price | $6.2M | $3.56M | –42.7% |
| Median Sale Price | $2.2M | $1.9M | — |
| Avg. Days on Market | — | 231 | — |
Highlights include a 70-acre Snake River property that sold for over $17 million, alongside several entry-level parcels under $1 million.
Big Picture: Billion-Dollar Territory Ahead
From Teton Village condos to Wilson estates, the 2025 market tells a story of renewed confidence and capital returning to the Tetons. After two sluggish years, Jackson Hole real estate has rediscovered its rhythm with a blend of high demand, steady inventory growth, and sustained interest from both local and out-of-state buyers.
If the current pace holds, Teton County is on track to surpass $1 billion in sales volume for the year, marking one of its strongest performances since 2021.
Data Source: Jackson Hole Sotheby’s International Realty — Teton County Market Report, Q3 2025
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