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Jackson Hole Real Estate Trends (Q2 2025): Luxury Surge, Inventory Climbs
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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.”
Market Highlights
| Metric | Q2 2025 | YoY Change |
|---|---|---|
| Total Transactions | 124 | +6% |
| Total Dollar Volume | $525.0M+ | +10.7% |
| Avg. Home Price | $6.4M | +30% |
| Inventory | 289 listings | +18.9% |
Luxury Market: The $10M Club is Booming
- 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.
