TETON COUNTY, WYOMING Year End
Teton County, Wyoming — Year End 2025
Fueled by the luxury segment of the market, Jackson Hole real estate had a very good year in 2025. While overall transactions were only up 13 percent in the Realtor MLS compared to 2024, the complementing sales dollar volume of nearly $1.4B represented a 31.4 percent jump over last year.
Home sales alone exceeded $1B, with the median home sale price growing 25 percent in 2025 to $3.75M (for a 5-bedroom, 5,100 sq.ft. home on 4.5 acres in Wilson). With fewer than 100 homes currently on the market at the moment – and where more than one-third of the inventory priced in excess of $10M – pricing is poised to stay strong for 2026.
In 2025, 81 sales with a listing price of $5M or more generated $870M of Jackson Hole’s $1.384B valley-wide total (or nearly two-thirds of the entire market). Transactions for listings priced greater than $10M were up more than 150
percent with 36 transactions and up nearly 110 percent with $578M in sales volume.
In addition and exclusive of the above totals, Jackson Hole Sotheby’s International Realty was part of the launch of the ultra-posh Hoback Club in Teton Village and represented the two dozen private sales in 2025 (accounting for additional sales volume of more than $400M). Other private sales around the valley suggest the total sold dollar volume reported to the Teton County Assessor last year exceeded $2B.
Strong sales in the last 12 months across all property types were coupled with a 11 percent increase in active listings compared to the beginning of 2025. Last year, 204 properties were on the market in Teton County. This year, that number has grown to 228.
Condominiums/Townhomes
The condo and townhome segment of the Jackson Hole market saw modest gains in 2025 of 4.8 percent on transactions and 9.1 percent for the complementing $190M of sold dollar volume. Of the 110 total sales last year, 58 properties sold in the Town of Jackson.
The Glenwood development just off the Town Square posted the four most expensive sales in 2025 and with listing prices ranging from $5.75M to $7.1M (and with the latter valued at more than $1800/sq.ft.).
The Teton County median condo/townhome sale grew slightly in 2025 to just under $1.25M (for a 2-bedroom Balsam Lodges unit in the Aspens) and up from $1.225M in 2024 (for a 2-bedroom unit in Teton Shadows north of the Town of Jackson).
The most noteworthy development for 2025 in this segment of the market was the completion of the new benchmark for luxury in the region: the ski-in/ski-out Hoback Club in Teton Village. The 24 sales from 2025 occurred privately and outside of the Teton Board of Realtors MLS. That said, Jackson Hole Sotheby’s International Realty helped the developer with its release and by selling out the inventory prior to the completion of the 250,000 sq.ft. private resort.
Sales Volume By Area
$120M
$110M
$100M
$90M
$80M
$70M
Single Family Homes
Sales Volume By Area
Prior to the global pandemic, the symbolic threshold for a strong real estate year was whether sales of all property types in Teton County exceeded $1B.
2025 was a banner year for the Jackson Hole market, and home sales alone generated $1.007B in sales (or a nearly 50 percent increase in sold dollar volume compared to last year).
While total home sales increased from 145 transactions in 2024 to 161 last year (or a modest 11 percent), the upper end of the market accounted for the strong performance. Thirty-six home sales with a listing price of $10M or more generated $578M in sold dollar volume (and for an average price in this elite segment of the market of more than $16M).
The median Teton County home price shot up 25 percent from $3M in 2024 (for a 5-bedroom, 2,500 sq.ft. home on 2 acres south of Town) to $3.75M in 2025 (for a 5-bedroom, 5,100 sq.ft. home on 4.5 acres in Wilson). Skewed by the prevalence of upper-end sales, the average Jackson Hole home price jumped 35% to $6.25M.
Home inventory decreased slightly year over year. Last January, 97 homes were listed for sale across the valley. At the beginning of 2026, that number had fallen slightly to 92 available for sale. More than one-third of homes currently on the market have a listing price in excess of $10M.
Land & Ranches
Jackson Hole’s 39 land sales in 2025 were a modest 11 percent increase over 2024. Transactions ranged from nearly $800k for 0.31-acre parcel in Porter Ranch south of the town of Jackson to more than $17M for 70 acres bordering the Snake River north of town.
Last year’s median land sale posted at $2.05M (for 3.6 acres in Fairway Estates north of the Town of Jackson). 2024’s median sale also occurred in Fairway Estates and with a slightly higher listing price of $2.595M. The average vacant land sale price in Teton County also fell 39 percent in 2025 to $3.2M (and down from $5.3M in 2024).
North of Town was also the most active segment of the market in 2025 with 15 of the total 39 transactions, and accounted for nearly half of the vacant land segment’s $125M sold dollar volume in 2025.
Current offerings on the market range from $795k (for 1.2 acres in Moran) to $33.5M for 120 acres in South Park.
$90M
$80M
$70M
Since last year, inventory has increased slightly in this portion of the market – and also in a valley where more than 98 percent of the land has been protected in perpetuity as National Park, National Forest or some other conservation holding – from 48 parcels offered for sale in 2025 to 57 active listings at the beginning of 2026. $100M
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