MARKET REPORT
Q4 2025 • TETON VALLEY
MARKET REPORT
END OF YEAR • THE TETON VALLEY MARKET
2025 marked a postive close to the year for the Teton Valley real estate market, with renewed transaction momentum and a notable concentration of activity in higher-value segments. While affordability and financing conditions continued to shape buyer behavior, the quarter reinforced the valley’s long-term appeal as a lifestyle-driven alternative to Jackson Hole—particularly as buyers prioritized space, recreation access, and newer product.
Single-family homes remained the backbone of market activity in 2025, with sales activity shifting meaningfully toward premium price points. Total dollar volume increased solidly year over year, driven by gains in resort-oriented communities and luxury inventory. Average and median prices rose across most submarkets, reflecting a higher share of larger transactions. Alta and Driggs were standout contributors across all market segments. Days on market lengthened modestly as buyer demand persisted, signaling a normalized pace rather than a loss of demand. Market conditions at year-end became mildly buyer-favored, particularly outside resort enclaves. Pending activity tapered seasonally, but pricing held firm, indicating that well-priced homes continued to attract qualified buyers.
Condominiums and townhomes closed the year with relatively strong performance, benefiting from affordability advantages and buyer preference for lowmaintenance living. Transaction volume increased meaningfully, while pricing remained relatively flat. This segment continued to draw regional buyers, second-home purchasers, and entry-level demand seeking proximity to town centers and ski access.
Vacant land activity cooled from earlier cycle peaks but stabilized into a healthier, more sustainable rhythm. While transaction counts declined, pricing remained resilient, supported by demand for build-ready parcels in Driggs and Victor. Elevated construction costs continued to temper speculative building, reinforcing a focus on infrastructure-ready sites with clear development paths.
Overall, 2025 reflected a market that has successfully transitioned from rapid expansion to a more mature, resilient phase. Pricing strength in premium segments, steady year-end absorption, and continued lifestyle-driven demand position Teton Valley to enter 2026 with stable footing.
TOTAL DOLLAR VOLUME 40% INCREASE YOY $528M
AVG SFH SALES PRICE 29% INCREASE YOY $1.6M
MEDIAN SFH SALES PRICE 20% INCREASE YOY $1.1M
TOTAL TRANSACTIONS 3% INCREASE YOY 569
ACTIVE LISTINGS 1% DECREASE YOY 319
VICTOR, IDAHO (217)
DRIGGS,
IDAHO (238)
ALTA, WYOMING (13)
TETONIA, IDAHO (101)
SINGLE FAMILY HOMES
SOLD · LISTED AT $8,395,000 · ALTA, WYOMING REPRESENTED BY ANDREA LOBAN
Single-family homes closed 2025 with steady year-end momentum, led by continued strength in higher-value transactions despite a more selective buyer pool. Sales increased modestly year over year, with subtle gains across the market in Driggs, Tetonia, and Alta. Total dollar volume rose meaningfully, reflecting a greater share of upper-tier and resort-adjacent sales and underscoring ongoing demand for premium lifestyle properties.
Pricing trended higher across much of the valley, with average and median prices supported by sustained activity in luxury communities such as Teton Springs, Tributary, and Teton Reserve. These developments continued to elevate overall
price metrics, while demand in the broader market remained increasingly value-driven, particularly for well-located mid-range homes that were priced appropriately from the outset.
As we entered the holdiay season, market pace slowed. Homes offering newer construction, views, or proximity to recreation continued to draw greater demand, while older or less competitive inventory required sharper pricing and stronger presentation. Overall, 2025 reflected a balanced and maturing single-family market, closing the year on stable footing.
MARKET STATS
MARKET STATS BY AREA
VICTOR DRIGGS TETONIA ALTA
CONDOS/TOWNHOMES
Condominiums and townhomes closed 2025 as a stable and increasingly vital segment of the Teton Valley market, continuing to benefit from buyers seeking affordability, convenience, and lower-maintenance living. Sales activity held firm year over year, reinforcing the segment’s role as an accessible entry point for local buyers, seasonal residents, and investment purchase.
Total dollar volume tracked closely with transaction activity, while pricing trends remained relatively balanced. Average and median sale prices reflected a concentration of sales within attainable ranges, highlighting the segment’s value-oriented appeal. Driggs continued to anchor condo performance, supported by newer developments and centrally located inventory
that resonated with buyers prioritizing value, walkability, proximity to recreation, and efficient layouts.
Well-positioned and appropriately priced units continued to transact efficiently, while older or less competitive inventory required greater pricing flexibility and stronger presentation. Overall, 2025 reflected a balanced and resilient condo market, closing the year with steady demand heading into 2026.
SOLD · LISTED AT $799,000 · DRIGGS REPRESENTED BY CARL STRUTTMANN
MARKET STATS
VACANT LAND
SOLD LISTED AT $850,000 DRIGGS REPRESENTED BY FALL LINE REALTY
The vacant land market in Teton Valley closed 2025 at a slower but stable pace, reflecting a continued shift toward deliberate, value-driven decision-making. Transaction volume declined year over year as buyers remained cautious amid elevated construction costs and financing constraints, while total dollar volume softened mildly, signaling fewer speculative purchases and longer planning horizons.
Days on market continued to lengthen through yearend, underscoring extended buyer timelines and greater scrutiny around infrastructure, zoning, and build feasibility. Pending activity remained muted relative to prior years, reinforcing a more patient market environment. Demand persisted for well-sited, build-ready parcels—particularly those with utilities in place—while larger tracts and raw land required sharper pricing to attract interest.
Pricing held relatively firm despite slower absorption. Average and median sale prices remained supported by scarcity in prime corridors, with Victor and Driggs continuing to anchor overall market activity. These areas captured the majority of buyer interest, while outlying submarkets experienced more pronounced cooling following stronger performance earlier in the year.
Overall, 2025 reflected a land market that has transitioned into a more balanced and sustainable phase. While activity slowed, long-term fundamentals remain intact, and current conditions favor buyers who can move strategically, evaluate development costs carefully, and negotiate value.
MARKET STATS
MARKET STATS BY AREA
Compass Real Estate difference
