WEST SIDE OF THE TETONS Year End
Teton Valley, Idaho — Year End 2025
Finishing the year with $521.3M in sales volume, the Teton Valley real estate market celebrated its 2nd best year ever in 2025. Last year was only the second time regional sales volume eclipsed half a billion dollars on the quiet side of the Tetons.
During the Covid-fueled market of 2021, valley sales posted $633.4M in volume on 1,163 transactions. While last year’s 568 closings only represented a 1.8 percent increase compared to 2024, Teton Valley’s dollar volume surged 38.5 percent in 2025 via a record-setting year in the upper-end of the market. Thirty-one transactions with a listing price of more than $3M generated nearly $150M in sales volume.
Sales Volume By Area
Another highlight for the 2025 Teton Valley market was its condo and townhome segment. Of the 93 sales of this property type in 2025, 70 posted in Driggs (and with 32 in the new condo development of the The Flats at Teton Peaks).
The average home price grew 28 percent last year to nearly $1.6M, but that number is somewhat skewed from the strong performance of the luxury segment of the market. 2025, however, will also be remembered as the year where the median (or mid-point) home sale exceeded $1M. Of the 186 homes that sold in 2025, 106 had a listing price of $1M or more.
Sales Volume By Price Category
Condominiums/Townhomes
Driven by more than 30 sales in The Flats at Teton Peaks, the Teton Valley condo and townhome segment of the market saw a strong 60-percent uptick in transactions compared to 2024. Of the total 93 closings in this segment of the market last year, 70 occurred in and around the Town of Driggs. The valley-wide sold dollar volume was also up 50 percent compared to last year with nearly $50M in sales.
The concentration of entry-level sales in 2025 caused the median price to fall from $583,500 in 2024 (for a 3-bedroom, 1,500-sq.ft. townhome in Valley Centre) to $499,000 last year (for a 2-bedroom, 1,400-sq.ft. townhome in Creekside Meadows).
Inventory increased slightly year over year from 27 listings on the market at the beginning of 2025 to 31 active listings this year. Some of that increase includes the recent launch of The Coldsmoke Cabins at Grand Targhee. Jackson Hole Sotheby’s International Realty is proud to be part of the firstever real estate development at the base of the resort. The first of the Scandinavian-inspired, freestanding, 4-bedroom cabins are slated for completion this Spring.
Sales Volume By Area
Single Family Homes
Sales Volume By Area
The 186 Teton Valley homes that sold in 2025 represented a modest 12.7 percent increase in transactions compared to 2024. The complementing $296.8M in dollar volume generated from those sales, however, was a 44.3 percent increase compared to last year.
Upper-end sales led the way. Twenty luxury home sales with a listing price in excess of $3M generated nearly one-third of this market segment’s total dollar volume. The 20 transactions were also a 100-percent increase in upper-end homes sales compared to 2024.
In 2024, the mid-point home sale set a high-water mark of $955,000 (for a 3-bedroom, 1,800 sq.ft. home on 0.17 acres in Mountainside Village). In 2025, that value increased 12.5 percent to $1.075M (for a 3-bedrom, 2,500 sq.ft. home on 20 acres in Tetonia), exceeding $1M for the first time.
2026 seems poised to see this upward trend continue. The increasing pace of sales year over year is met with a fairly finite inventory of homes on the market. At the beginning of 2025, 90 homes were on the market. One year later, that number sits at 91 (or roughly a six month’s supply of inventory at 2025’s transactional pace, placing Teton Valley on the threshold of a “Seller’s Market”).
Land & Ranches
Sales Volume By Area
At the height of Covid and during the frenzy of 2021, nearly twothirds of all transactions in Teton Valley involved vacant parcels of land. Since then, buyers’ appetites for raw land has tapered year after year, with only 48 percent of sales in 2025 occurring in this market segment.
The 271 land transactions last year also represented a 16.9 percent decline in sales compared to 2024. The complementing dollar volume of more than $155M, however, was a 21.5 percent increase over 2024 (mostly due to the sale of ten larger parcels each with a listing price greater than $3M).
In 2025, the median sale grew slightly to $245,000 (for a 2.5acre parcel in Darby Ranch in Driggs), up from $240,000 in 2024 (for a 1-acre parcel in Sweetwater Subdivision also in Driggs). The aforementioned sales of larger acreages fueled a 46.2 percent spike in the average land price in 2025 to $572,670.
Inventory tightened slightly year over year. Last January, 194 vacant parcels were on the market across Victor, Driggs, Tetonia and Alta. At the beginning of 2026, that number had fallen to 180 active listings on the market.
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