We understand that real estate is about relationships – the ties forged between people and place. Our decades-deep knowledge of the valley combined with Engel & Völkers makes us your Local Real Estate Experts.
Despite rising activity in 2025, overall inventory declined 9% compared to 2024 and is not expected to meaningfully increase until late spring 2026.
In 2025, the luxury market saw a 131% increase in closings, driven largely by new condo sales in Teton Village, including Hoback Club. While luxury inventory under contract has leveled off, pricing remains well supported, and competition for well-priced properties is expected to continue into 2026.
Working with us means more than reading the report. It means having a partner who understands the market inside and out, with decades of experience and a proven track record. Anyone can list a house. Our data and expertise give you the competitive edge.
Newest Listings
In Q2 2025, valley-wide active listings rose 10% year-over-year to 258, with nearly half of the increase driven by 18 new listings over $20 million, including luxury homes, large vacant lots, working ranches, and a development-ready motel site.
Luxury Listings
In the first half of 2025, the Luxury Market ($5M+ condos/townhomes and lots, $10M+ homes) recorded 26 sales—an 86% increase—driven by 11 transactions in the $10–$20M range, with single-family homes representing 73% of sales (eight total), half of them located north of Highway 22.
Exclusive Listings
Working with us means more than reading the report. It means having a partner who understands the market inside and out, with decades of experience and a proven track record. Anyone can list a house. Our data and expertise give you the competitive edge.
Stay ahead of the curve with the most reliable, unbiased, and detailed view of Jackson Hole real estate.
For over 30 years, the Jackson Hole Report has been the most trusted and accurate source for real estate in Teton County. Unlike the MLS, which only tracks about 60% of sales, we track every single transaction on and off the market so you get the complete picture.
Q4 2025
The year closed with the overall market—including all home, lot, condo, and commercial transactions or listings—reporting 27% more closings than 2024 for a total of 453 in 2025.
Current overall available inventory is down 9% when compared to 2024. Condo/Townhomes were the only segment with additional inventory at year’s end. Following suit, the average and median list prices are down 3% and 8%, respectively.
The Luxury Market (homes selling for $10+ million and condo/townhome and single-family lots selling for $5+ million) reported 131% more closings in 2025. On the flip side, the number of Luxury properties under contract as of January 1, 2026, is at par with last year.
JACKSON HOLE REPORT
The Jackson Hole Real Estate Report Podcast, sponsored by the Viehman Group, is your local guide to everything real estate in Jackson Hole, WY. Featuring extensive data collected from our Jackson Hole Real Estate Report including interesting, local insight that affects the market. We invite you to listen in and get a new perspective on buying and selling under the Tetons.
Austin O'Bryhim with State Farm in Jackson Hole shares important updates on houses located in wildfire zones and what that means for insurance. He goes over the steps you need to take to make sure your home is insurable.
www.yourjacksonagent.com
Q2 2025
What We’ve Learned From 30 Years of Listing History
Jackson Hole is truly one of a kind in America, especially when it comes to real estate. While other resort communities across the country experience seasonal ups and downs in active listings similar to ours, Jackson stands apart because of the extreme shortage of developable land. Less than 3% of the valley is privately owned.
If you’ve ever wondered why buying or selling here feels so different, it’s because it is. Let’s take a closer look at the numbers, the trends, and why working with true market experts is more important than ever.
NUMBER OF SALES
The Luxury Market—condo/townhomes and vacant residential lot sales priced at $5+ million and home sales priced at $10+ million—registered 26 sales (up 86%). The hottest segment overall was between $10 and $20 million in which 11 sales closed.
OVERALL AVERAGE SALE PRICE
The dollar volume was up 25% and average sale price came in at a record-breaking $4.59 million. Across the board, all segments of the market experienced an increase in sales when compared to Q2 2024. While inventory levels are still at historic lows, the lack of inventory under $2 million will continue to slow the number of sales in the second half of 2025.
ACTIVE LISTINGS VALLEY WIDE
Overall inventory of active listings increased 10% when compared to Q2 2024. Almost half of the increase were listings over $20 million (18). Of those 18, there were 13 homes, two 35+-acre vacant lots, two working ranches, and one old motel site ripe for development.
WE KNOW WYOMING
When it comes to Jackson Hole, our standards are high and uncompromising. Engel & Völkers has a long and very personal experience with Jackson Hole real estate. After all, we live and work here, and we are happy to share our love and knowledge of this magnificent area with you. For Jackson Hole truly has it all: romantic cabins in the woods, working cattle ranches, grand lodges on hundreds of open acres, even golf course homes with club amenities just steps away. Somewhere in Jackson Hole is a property that will capture your heart. Together, we’ll find it.
155 W. Broadway
Jackson, WY 83001
Associate Broker
307.690.4004
david@jacksonholereport.com
Associate Broker
307.690.0621
devon@jacksonholereport.com
Associate Broker
307.699.5921
luke@jacksonholereport.com
