TETON COUNTY, WYOMING
Second Quarter
2026
Teton County, Wyoming — Q2 2026
Midway through 2026, the Jackson Hole real estate market is outpacing last year on transactions, but lags behind on dollar volume compared to 2025. As is often the case in Teton County, home sales led the way.
While accounting for a little more than half of the total 132 sales in Q1, home sales generated $313.9M of the valley yearto-date total of $473.5M (or about 2/3rds of the Teton County total). The 74 home sales through Q2 also represented a 37 percent increase compared to the 54 homes sales by the end of June, 2025. The uptick in transactions, however, is occurring at price points lower than twelve months ago.
This market trend pushed the median home sale price down 25 percent to $3.145M thus far in 2026. The average home sale price fell 34 percent to $4.24M. Generally speaking, however, individual property values have remained
mostly static.
While the Town of Jackson was the most active region of the valley for the first six months of 2026 (posting 51 sales, or 38.6 percent of all transactions), the region south of Jackson saw the greatest year-over-year increase with 28 closings (or a 33 percent increase compared to Q2 2025). Nine sales in Rafter J and six sales in the Snake River Sporting Club highlighted the activity.
Across all property types, active listings fell slightly by the end of Q2 2026 with 280 properties listed for sale throughout the valley (and down from 289 twelve months ago).
Cresting the hill of summer, the regional real estate market has been frenetic thus far in 2026. What remains to be seen is if the busy summer season will generate enough velocity to exceed 2025’s year-end dollar volume total of nearly $1.4B.
Sales
Condominiums/Townhomes
Bucking the trend for 2026, Jackson Hole condo and townhome activity took a hit through Q2 2026 with a 24.4 percent decline in transactions and a 6.5 percent drop in the corresponding dollar volume.
A 14.6 percent decline in inventory (or 64 listings currently on the market compared to 75 properties for sale a year ago) might be partly to blame. But in a region where the majority of buyers pay cash at closing, lingering high mortgage rates may be stifling entry-level condo and townhome buyers thus far in 2026.
Some regions of this market segment are also seeing a softening of individual property values. For example, entrylevel condo sales in Teton Village were averaging a sold $/ sq.ft. of $1,486 through Q2 2025. One year later, that metric has fallen to $1,324. The Town of Jackson saw a similar trend with average $/sq.ft. values falling from $1076 in 2025 to $960 through Q2 2026. The Aspens appears to be holding steady at about $1,175/sq.ft. year over year.
In contrast, loftier condos posted strong sales in the first part of 2026 including sales in Crystal Springs in Teton Village (at nearly $3,400/sq.ft.), The Glenwood in the Town of Jackson (at more than $1,800/sq.ft.) and the Lodges at Teton Pines (at more than $1,700/sq.ft.).
Sales Volume By Area
2026 2025 UNITS SOLD
Single Family Homes
Sales Volume By Area
Four of the five major regions in Teton County posted year-over-year increases in home sale activity for the first six months of 2026. Teton Village was the sole outlier with only two transactions through Q2 2026 (compared to 3 sales for the first six months of 2025).
Twenty-six closings south of the Town of Jackson represented a 73.3 increase compared to last year. The 23 sales in the Town of Jackson were also a 35.3 percent jump compared to 2025.
Buyers’ appetites, however, appear to have shifted to lower price points than in 2025. By the end of June, 2025, 10 homes had sold with a listing price greater than $10M. This year, that number had fallen to seven.
Conversely, home sale activity between $3M and $5M jumped from eight transactions through Q2 2025 to 19 closings for the first six months of 2026.
The increase in transactions at lower price points pushed the median sale price from 2025 of $4.25M down 25.9 percent on the year to date in 2026 to approximately $3.145M. The average home price in Teton County also fell through Q2 2026 to $4.24M.
Inventory also constricted slightly in 2026 with 130 homes listed for sale, compared to 142 homes listed for sale at the end of Q2 2025.
Land & Ranches
Mirroring the trend in the larger Jackson Hole market, vacant land transactions saw a slight increase in 2026 compared to last year, but the complementing dollar volume on the year-to-date sales decreased from the activity through Q2 2025.
Eighteen transactions ranging from $725,000 (for a 0.28-acre parcel in Porter Ranch) to $13M (for a 1.85acre parcel in Shooting Star) generated $63.8M in sales volume for the first six months of 2026. That dollar volume, however, was down 11.4 percent from the $72.1M posted through Q2 2025.
Half of the year-to-date transactions occurred north of the Town of Jackson, which represented a 28.6 increase in activity compared to 2025. The Town of Jackson was the second most active region with four sales for the first six months of 2026.
In a valley where more than 98 percent of all land is protected in perpetuity, vacant land inventory grew from 65 active vacant land listings at the end of Q2 2025 to 79 properties for sale in 2026.
Current offerings on the market range from $750,000 (for a 0.28-acre homesite in Porter Ranch) to $65M (for a 190-acre ranch east of Kelly).
Sales Volume By Area
$55M
$50M
$45M
$40M
$35M
Featured Property: #JESEW4
2026 2025 UNITS SOLD
MAIN OFFICE
185 West Broadway Avenue Jackson, Wyoming 83001
EAST BROADWAY
110 East Broadway Avenue Jackson, Wyoming 83001
HOTEL TERRA
3335 West Village Drive Teton Village, Wyoming 83025
FOUR SEASONS RESORT
7680 Granite Loop Road Teton Village, Wyoming 83025
TETON MOUNTAIN LODGE
3385 West Cody Lane Teton Village, Wyoming 83025
TETON PINES RESORT 3415 North Pines Way Wilson, Wyoming 83014
GRAND TARGHEE RESORT
3300 Ski Hill Way Alta, Wyoming 83414
STAR VALLEY
280 North Main Street Thayne, Wyoming 83127
SWAN VALLEY
19 Skwala Lane Swan Valley, Idaho 83449
TETON VALLEY
10 North Main Street Driggs, Idaho 83422