As 2025 has transitioned to 2026, strength at the top continues to define Jackson Hole real estate. While total transaction volume grew at a measured pace, pricing, sales volume, and buyer activity in the luxury tier surged in 2025. These local market dynamics place Teton County squarely in line with broader global trends shaping high-end real estate.
According to the Teton County Year-End Market Report, total MLS transactions rose 13% year-over-year in 2025, while total sales volume jumped more than 31% to nearly $1.4 billion.
When private and off-market transactions are included, total dollar volume reported to the county assessor exceeded $2 billion, underscoring the continued depth of demand for Jackson Hole property.
Luxury Continues to Lead the Market
As has been the case in recent years, luxury Jackson Hole real estate drove the market’s performance. Properties priced at $5 million and above accounted for nearly two-thirds of all dollar volume in 2025, with 36 transactions above $10 million generating approximately $578 million in sales.
Median home prices climbed 25% year-over-year to $3.75 million, while average home prices rose even more sharply – a 35% increase reflecting the outsized influence of high-end transactions.
Inventory remains exceptionally constrained, with fewer than 100 single-family homes available across the valley and more than one-third of those listings priced above $10 million.
These conditions are unlikely to shift meaningfully in the near term. Limited supply, strict land-use protections, and continued demand from high-net-worth buyers have kept pricing resilient even as national housing markets adjust to higher interest rates.
Condos, Land and a Market Defined by Scarcity
The condominium and townhome segment posted modest gains, with sales volume up just over 9% and median pricing holding steady around $1.25 million.
Meanwhile, land and ranch sales told a different story: transaction counts increased slightly, but average prices declined as fewer legacy-scale parcels changed hands.
Jackson Hole in a Global Luxury Context
These local dynamics closely mirror themes highlighted in the recently released Sotheby’s International Realty 2026 Luxury Outlook Report, which points to a global bifurcation in real estate markets. While interest-rate sensitivity has cooled activity in some segments, demand for lifestyle-driven, supply-constrained destinations remains strong.
Across global luxury markets, buyers are prioritizing:
- Hard-asset resilience over speculative growth
- Locations with natural amenities, privacy and long-term scarcity (ex. 97% of land in Teton County remains protected in perpetuity)
- Homes that function as both lifestyle assets and multi-generational stores of value
Jackson Hole exemplifies all three. As a result, the valley continues to attract buyers less influenced by short-term rate movements and more focused on long-term ownership in irreplaceable markets.
Looking Forward in 2026
With inventory limited, luxury demand intact, and global wealth trends favoring real assets in premier destinations, Jackson Hole enters 2026 from a position of strength. While transaction counts may fluctuate, pricing pressure – particularly at the upper end of the market – remains firmly supported by fundamentals unique to Teton County.
For buyers and sellers alike, understanding how local market realities intersect with global luxury trends will be essential in the year ahead. Do not hesitate to contact us at [email protected] or (307) 739-8190 for a custom market assessment.
As always, we’ll continue to track the data closely – and translate what it means for the Jackson Hole market.
