After a quieter stretch through 2023 and 2024, the Jackson Hole real estate market has come roaring back in 2025. Through the first nine months of the year, the region has experienced renewed energy across every segment—from luxury homes to townhomes and land—marking a confident rebound for one of the West’s most desirable destinations.
Market Overview: A Resilient Recovery
Through the end of September, transactions in Teton County are up 11% year-over-year, while the total dollar volume surged 27% compared to 2024. Much of this growth has been driven by renewed activity at the upper end of the market, reflecting continued buyer confidence in Jackson Hole’s long-term appeal.
Crossing the $1 billion total sales volume threshold has long been considered a symbolic milestone for Jackson Hole’s real estate vitality. With $980 million in volume through the third quarter, the market is well on pace to close 2025 as one of the strongest years since the pandemic boom.
More Listings, More Movement
Inventory has also expanded in 2025, giving buyers more opportunity and sellers a broader stage. Active listings in Teton County rose from 256 in 2024 to 301 this fall—a 17.5% increase year-over-year.
At the same time, the median sale price jumped more than 18%, landing at $2.375 million for a 3-bedroom, 2,000-square-foot home in the Town of Jackson. Last year, that same benchmark was $2 million for a smaller 3-bedroom condo in Teton Village.
By the Numbers: Property Type Trends
Single-Family Homes
Homes continue to define the Jackson Hole story. Although they represent less than half of all transactions (107 sales through Q3), they account for nearly 70% of total sales volume, or $677 million year-to-date.
The luxury market has been especially robust. Properties listed above $10 million are selling at a record pace—24 high-end homes closed through September, surpassing even the frenzied 2021 market.
In September alone, five luxury sales were completed, including four represented by Jackson Hole Sotheby’s International Realty in premier neighborhoods like Teton Pines, Crescent H, Gros Ventre North, and “Big Boulder” on Fish Creek.
Inventory has grown modestly from 131 active home listings last year to 150 this fall, with more than one-third priced above $10 million.
Condos & Townhomes
The condo and townhome segment also saw positive momentum. 78 transactions closed through Q3—a 5.4% increase from 2024—totaling $145.6 million in sales volume, up 16.4% year-over-year.
The median condo price rose slightly to $1.4 million, compared to $1.34 million in 2024. Inventory spans a wide range—from a $630,000 Virginian Village one-bedroom in town to a $12.95 million remodeled Tram Tower townhome in Teton Village.
The average price per square foot in this segment climbed from $1,214/sq.ft. in 2024 to $1,331/sq.ft. in 2025—another sign of the steady upward trend in value and demand.
Vacant Land
Even in land-constrained Teton County, activity in the vacant land market has strengthened. 30 land transactions have closed so far in 2025, an 11.1% increase from last year, totaling $106.8 million in volume.
The median land sale price through September was $1.9 million (for a 1.5-acre parcel on Teton Village Road in Wilson), slightly lower than 2024’s $2.2 million median.
Inventory is up 10.7% year-over-year, with 72 active parcels currently on the market—ranging from an $800,000 homesite at Porter Ranch to a $17 million estate parcel bordering the Snake River.
A Rising Tide Across the Valley
From townhomes in the heart of Jackson to ranch properties along the Snake River, the Jackson Hole real estate market is experiencing broad-based growth. Every property type—homes, condos, land, and commercial—has seen an uptick in both transactions and total dollar volume.
With strong demand, expanding inventory, and record-setting luxury activity, 2025 is shaping up to be one of Jackson Hole’s most dynamic years in recent memory. As the fall season unfolds, all indicators suggest a healthy and confident market heading into winter.
Interested in learning more about opportunities in the Jackson Hole market?
Connect with JH Property Group—your trusted advisors for exceptional real estate throughout Jackson Hole and Teton County.
📍 Jackson Hole Sotheby’s International Realty
