While high-end luxury home prices in Jackson Hole continue to capture headlines, it was the lower end of the market that drove an 11% increase in total real estate transactions during the first quarter of 2025.
Sales activity was particularly strong in neighborhoods like The Aspens and the Town of Jackson, with single-family homes leading the charge—a 47% year-over-year increase in sales across Teton County.
That said, the luxury market still played a significant role in overall dollar volume. Eight of the 60 transactions recorded in Teton County were for properties listed at or above $10 million, contributing to a 3.3% increase in total sales volume for the quarter. These high-end deals elevated the average sales price to $4.8 million, though the median—representing the midpoint of all transactions—came in at a more modest $2.4 million.
After several years of historically low inventory, signs of relief are beginning to emerge. Total active listings rose to 163 units at the end of Q1, up slightly from 157 a year ago. The increase was especially pronounced among single-family homes, with a 31% year-over-year jump in available properties. However, inventory for condos and townhomes remained tight, with only 30 active units—likely explaining why sales in that segment were flat compared to last year.
Vacant land sales, meanwhile, dropped 50% year-over-year, as already elevated construction costs were further compounded by looming U.S. tariffs on building materials like lumber and drywall. Still, the first quarter underscored a key trend: when inventory is available, buyers are ready to move. If that trend continues and inventory broadens across more price segments, 2025 could shape up to be an active year in Jackson Hole real estate.
Of course, external factors—such as final tariff decisions and anticipated interest rate cuts—could shape the market in unpredictable ways. Whether you're looking to buy or sell, having an experienced local Realtor is more important than ever. Feel free to reach out to us at [email protected] or (307) 739-8190.
You can view the full Q1 2025 Teton County, Wyoming Market Report from Jackson Hole Sotheby’s International Realty by expanding it below.
