Compared with the first three months of 2024, the number of sales in 2025 climbed 16%. In contrast, the dollar volume decreased 5%, and the average and median sale prices also decreased 18% and 1.5%, respectively. The drop in the average sale price is due to a 10% increase in sales closing for under $5 million. Listings between $1-3 million saw the most activity with 50% of overall transactions occurring in this range. Geographically, the Town of Jackson experienced the most activity, accounting for 47% of all sales in the valley. The Westbank came in second with 28% of all sales.
The upper end of the market—homes priced at $10+ million and condo/townhomes and single-family vacant lots priced at $5+ million—registered 11 sales in the first quarter of 2025. Of those 11 sales, seven were homes, two were lots, and two were condo/townhomes. A quick look at properties currently under contract shows 10 that are over $5 million; a 17% decrease from Q1 2024. Of those 10, three are on the Gros Ventre buttes, two are
