Q1 2026 Jackson Hole Market Report

Q1 2026 WESTBANK TOWNHOME OFFERED AT $2,750,000

Teton Village in Focus

Jackson Hole Mountain Resort proved resilient, outperforming many ski areas across the West

Teton Village In Focus

The 2025–26 ski season at Jackson Hole Mountain Resort proved resilient, outperforming many ski areas across the Rocky Mountain West despite contending with warmer-than-average temperatures Encouragingly, skier visitation saw an uptick, while ski-related accidents declined - an all-around positive trend for the resort and its guests But the real headline this season wasn’t on the slopes, it was in the real estate market.

In a landmark transaction, the Four Seasons Resort and Residences Jackson Hole changed hands as part of a record-breaking $1.1 billion deal, marking the most expensive sale in Jackson Hole history Notably, this single transaction accounted for more than half of the total real estate dollar volume in the first quarter of 2026 What makes the deal even more remarkable is its scope Rather than a single-property sale, it involved two premier luxury destinations sold as a package:

Four Seasons Resort and Residences Jackson Hole (Wyoming)

Four Seasons Resort Orlando at Walt Disney World Resort (Florida)

While the exact allocation between the two properties hasn’t been officially disclosed, industry sources estimate the Teton Village asset alone was valued at approximately $650 million. If accurate, this would push total real estate transaction volume in Jackson Hole past the $1 billion mark in just the first three months of the year. Either way, the deal decisively eclipses the previous record of $695 million set in 2021, cementing early 2026 as a defining moment for the Teton Village real estate market.

Note: The sale of the Four Seasons property has been excluded from the total sales count and dollar volume reported in the overall statistics below.

DATA-DRIVENREPORTFORTHEFIRSTTHREEMONTHSOF2026

TheJacksonHoleReportistheoldest,mostaccurate,andcomprehensiverealestatemarketreportinTetonCounty,WY.Ourstatisticsarederived fromaprivatelymaintaineddatabasethattrackseverysinglesale-notjustthosereportedthroughMultipleListingService(MLS) Notably,in2025, only63%ofsalepricesvalley-widewerereportedtoMLS,highlightingthevalueofourcomplete,data-drivenreporting

The Bottom Line: Why You Need an Expert

If there’s one thing 31 years of market history has taught us, it’s that Jackson Hole real estate is anything but simple. Inventory is limited, pricing is nuanced, and the best opportunities often never hit the public market. Whether you are buying or selling, you need someone who knows the numbers, the history, and the players. That’s where we come in.

Breaking down today’s 258 active listings: 88 are new since April 1, 87 have been on the market for more than a year, 51 have been on for more than two years, and 32 have been on for over three years.

Call us today. Let’s talk about your goals, your property, and how we can help you succeed in Jackson Hole’s one-of-a-kind market. No one knows it better.

Overall Market

Comparedtothefirstthreemonthsof2025,the numberofsalesin2026declinedby9%.

Despitethisdrop,totaldollarvolumeincreasedby 8%,andbothaverageandmediansalepricessaw significantincreasesof19%and95%,respectively.

Thesharpincreaseinthemedianpriceislargely attributabletoa30%riseintransactionsexceeding $10million.

The$1–3millionpricerangesawthemostactivity, accountingfor35%ofalltransactions. Geographically,theTownofJacksonledthemarket with40%oftotalsalesacrossthevalley,followedby theWestbankat32%.

MEDIANSALEPRICEVSAVERAGESALEPRICE

Overall inventory of active listings increased by 27% year over year, reaching 207 listings Vacant single-family lots remain the most constrained segment with historically low supply Based on 2025 absorption rates-during which 59 lots soldthere is currently less than 10 months of available inventory.

Homes priced above $5 million is the segment with the greatest supply with 50 listings representing 62% of all homes on the market.

Note: As of April 1, 2026, the average listing price for a single-family home was $11.243 million.

Theaveragesalepriceiscalculatedbyaddingallthesalepricesforhomessoldinaspecificareawithina specifiedtimeframeanddividingthattotalbythenumberofpropertiessold

Themediansaleprice,ontheotherhand,isthesalepriceinthemiddleofthedatasetafterarrangingallthe salepricesfromlowtohigh.

Themediansaleprice,then,representsthefigureatwhichhalfofthepropertiesintheareasellatahigher priceandtheotherhalfatalowerprice.

Featured Listing Income Producing Townhome

Bordering 7 34 acres of protected open space in the Aspens, this Woodlands condominium offers rare privacy, open views, and flexible use in one of Jackson Hole's most desirable areas Located just minutes from the Aspens Market, the START Bus, Teton Village, and Wilson, this 1,794 square foot home is spread across three well-designed levels

Large windows and vaulted ceilings bring in natural light throughout the home A floor-to-ceiling wood-burning fireplace anchors the main living space The home includes three bedrooms plus a loft and two and a half bathrooms, with private living areas on each level Views include the Grand Tetons Short-term rentals are allowed, making this property suitable as a full-time home, vacation place, or rental investment

The updated kitchen is built for everyday use and gathering It includes an island, oak cabinets, custom countertops, a tile backsplash, and stainless steel appliances Oak hardwood floors run through the kitchen and dining areas An upper deck provides space to sit outside and enjoy the surroundings The living room features vaulted ceilings and a wall of windows that fills the space with light Bathrooms have been updated and include heated floors

Additional improvements include new windows, doors, updated lighting, solid wood interior doors, updated window coverings, upgraded cove heating, two new hot water heaters, a stacked washer and dryer, walk-in closets, and a locking owner's closet The home is offered fully furnished and move-in ready

It also includes a 288 square foot detached oversized one-car garage with extra storage and paved parking, plus three outside parking spaces The 2023 major remodel included replacing all exterior doors, added the sliding glass door and deck to the 1st floor bedroom facing common area, and sheet rocked the entry and stairway This is a ready-to-use property in the heart of Jackson Hole

MLS# 26-212

LIST PRICE: $2,750,000

Single Family Homes

In the first three months, single-family home sales increased 8% when compared to Q1 2025 In contrast, the average and median sale prices for a single-family home were down 15% and 14%, respectively As of April 1st, only four homes were listed for under $2 million with the least expensive at $1 25 million Properly priced listings under $2 million continue to generate multiple offers The selling strategy is simple: To spark immediate interest, hire our team as your advocate to effectively price your property according to current market values

The number of single-family homes under contract is up 6% compared to 2025 In contrast, the average and median list prices are down 8% and 14%, respectively These decreases are the direct result of a 50% increase in listings under contract for under $3 million

Average sale price - $6,295,705

Median sale price - $4,500,000

Average price under contract - $5,098,824

Available inventory of homes for sale is up 13% to 80 listings, with the least expensive sitting at $1.25 million. NOTE: Only four of the homes are currently listed for less than $2 million. This, of course, is not good news for many locals who were hoping to someday trade out of a condo or townhome into a reasonably affordable singlefamily home.

The least expensive single-family home listing, at the time of publication, is a 3-bedroom, 2bath, 1,488 sq. ft. home built in 1972 on a 1-acre lot in the Deer Creek-Palmer Creek subdivision south of Jackson listed for $1,250,000.

The most expensive home, located South of Wilson, is listed for $60 million. The main home, built in 2023, has 10,440 sq. ft. with six bedrooms and seven baths. Designed by renowned architect Wallace Cunningham, this living sculpture sits on 36.14 acres with Fish Creek and the Snake River running through.

Currently, there are 6,182 free-market, single-family homes in Jackson Hole.

Condos & Townhomes

Condo/Townhome sales have decreased 47% with 17 sales in Q1 2026 In contrast, the dollar volume and average sale price increased 18% and 122%, respectively, when compared to Q1 2025 The increase in the average sale price can be directly attributed to the 200% increase in sales over $5 million

Average sale price - $4,294,048

Median sale price - $1,350,000

Average price under contract - $2,346,000

The hot spot for condo/townhome sales was in the Town of Jackson where 53% of all sales in the first quarter occurred

Available inventory of condos and townhomes increased 59% to 65 listings In tandem, dollar volume rose 79% to $233 million, while the average list price climbed 13% to $3 59 million—a record for Q1

There are 248 luxury condo/townhomes worth at least $5 million throughout the valley Most are in Teton Village, except for 29 in the Town of Jackson and three in the Snake River Sporting Club

Currently there are 3,308 free-market condo/townhomes in Jackson Hole.

Hire us as your advocates in today’s tight inventory market. We’ll help you find the right property and prepare you with the knowledge and strategy needed to win in today’s competitive bidding environment.

Vacant Land

Single-family vacant land sales are up 27% with 14 sales in Q1 2026. Following suit, the average and median sale prices are up 83% and 68%, respectively, both breaking a record when compared to Q1 2025. The increase in the average and median sale prices can be directly attributed to the increase in the number of vacant land sales above $5 million (up 200%). The area with the most vacant land sales to date was the Town of Jackson with three.

Single-family vacant lots under contract are down 45% in the first quarter of 2026. Of the five listings, one is listed for under $1 million.

Interesting Vacant Land Factoids Active Listings

Available inventory of lots for sale is up 36% (49 lots) compared with Q1 2025. The average list price has also increased, rising 12% to $5.63 million. This reflects a 62% jump in the number of lots listed above $5 million.

As of March 31, 2026, there were 49 vacant lot listings with seven priced under $1 million.

For context, just ten years ago there were 122 active, singlefamily vacant lot listings at the end of Q1, including 46 priced below $1 million While inventory has risen 36% year over year, it remains at historically low levels

Average sale price - $5,838,929

Median sale price - $3,100,000

Average price under contract - $2,124,000

Currently there are 1,052 platted and vacant residential single-family lots under 35 acres in Jackson Hole. Of those, only 388 (37%) are located on the Westbank. Of those on the Westbank, 144 (37%) are held by neighboring property owners for either protected visual corridors or privacy.

Of the 1,032 platted and vacant residential single-family lots under 35 acres valley wide, 340 (or 33%) are being held by neighboring property owners for either protected visual corridors or privacy. We expect most of these lots to remain with the main house parcel in perpetuity. Currently there are 229 platted and vacant residential single-family lots over 35 acres in Jackson Hole.

Of the 229 platted and vacant residential single-family lots over 35 acres, 87 (or 38%) are held by four local families.

CREATING AFFORDABLE HOUSING OPPORTUNITIES FOR TETON COUNTY’S ESSENTIAL EMPLOYEES

TheTetonBoardofREALTORS®Community HousingFundallowseveryagentandsellerto designateproceedsoraportionoftheir commissiontofundaffordablehousinginTeton Countyateverytransaction.

Withconcernabouttherapidlychanging characterofJacksonHoleandtheabilityfor essentialemployeestoaffordstable,secure housing,DevonViehmanpartneredwiththeTeton BoardofREALTORS®tocreateTheCommunity HousingFund.TheTBORCommunityHousing Fundallowseveryagentandsellertodesignate proceedsoraportionoftheircommissiontofund affordablehousinginTetonCountyatevery transaction.

Learnmoreatcommunityhousingfund.com.

$791,048 RAISEDTODATE

Our decades-deep knowledge of the valley combined with the international reach of Engel & Volkers Jackson Hole makes us your Local Real Estate Experts.

Whether you are pricing your property to sell in this competitive market or weighing the right time to buy, rest assured that when you are our client, you have the upper hand via access to current market statistics and our impeccable level of service and personal attention For a free comparative market analysis, please contact us by calling 307-201-8800

The JACKSON HOLE REPORT is p While other Realtors attempt to report o ket), we track every single transaction i state news source in Teton County, Wyo n up for quarterly email updates or nee r email your Engel & Volkers Real Es

We hope this report has given you th you If you would like a complete analys professional Realtor to represent

Sincerely,

The Engel & Völkers Team (307) 201-8800

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*WhileotherlocalRealEstateBrokersattempttoreportonthelocalrealestatemarket,wearetheonlyonestotrackeverysingletransaction Therefore,ifyouwantthemost accurateinformationtohelpguideyouthroughyournextrealestatetransaction,pleasecallEngel&VölkersJacksonHole-307 201 8800

*Allstatisticsaresuppliedbysourcesthathavebeendeemedreliablebutarenotguaranteed

*Allstatisticsquotedinthisnewsletterarebasedonsalesin2026comparedtosalesin2025

*Mediansalepriceisthecostofapropertythathasanequalnumberofsalesaboveandbelowitonthepricescale

*Averagesalepriceisthetotalcombineddollarvolumedividedbythenumberofsales.

*Inthisreport,“overall”referstoallsalesinTetonCountycombined(homes,lots,condos,commercial,andranch),notincludingAlta,WY *Theterm“MarketValue”meansthe valueofpropertyintermsofwhatitcanbesoldforontheopenmarket;currentvalue

©Copyright1995-2026byDavidE ViehmanandDevonViehman Allrightsreserved Nopartofthispublicationmaybereproducedortransmittedinanyformorbyany meanswithoutexplicitlywrittenpermissionfromDavidE Viehman