DAVID VIEHMAN, DEVON VIEHMAN, & LUKE SMITH

Every Sale. Every Trend. Every Insight.

In Jackson Hole, many of the most desirable properties never make it to the Multiple Listing Service (MLS). So far this year, 41% of sales were either not publicly listed or did not disclose the final price. With our data and expertise, you gain the competitive edge.

DAVID VIEHMAN, DEVON VIEHMAN, & LUKE SMITH

Whether local or luxury, We know the market better than anyone.

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DAVID VIEHMAN, DEVON VIEHMAN, & LUKE SMITH

Whether local or luxury, We know the market better than anyone.

Whether local or luxury, we know the market better than anyone.

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.

Newest Listings

Overall inventory of active listings increased 8% in Quarter 2, 2026 when compared to Quarter 2, 2025. Listings over $3 million (19) made up 87% of the increase.

Luxury Listings

The Luxury Market—condo/townhomes and vacant residential lot sales priced at $5+ million and home sales priced at $10+ million—registered 30 sales (up 15%) in Quarter 2, 2026. The hottest segment overall was between $10 and $20 million in which 17 sales closed. Single-family homes claimed 47% of Luxury sales (14 transactions) with 43% of those residing on the Westbank.

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.

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.

VIEW ALL NEW 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.

VIEW ALL LUXURY 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.

VIEW ALL EXCLUSIVE LISTINGS >

The Jackson Hole Report

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.

Q2 2026

Jackson Hole Real Estate Report Snapshot

Jackson Hole real estate has proven to be one of the nation’s strongest long-term investments. Over the past 30 years, single-family homes appreciated an average of 1,118%, residential land increased 896%, and condos and townhomes climbed 742%, driven by limited supply and enduring demand.

While active listings increased modestly compared to last year, inventory remains well below historical norms. Buyers continue to face limited choices, with no homes currently listed below $1 million and the least expensive home on the market priced at $1.43 million.

The market remains active despite limited inventory, with overall sales rising 3% and properties under contract increasing 29% compared to the first half of 2025. At the same time, the median sale price reached a record $2.995 million, reflecting continued demand for Jackson Hole real estate.

Luxury properties continue to have an outsized impact on the market. Although only 15% of transactions qualified as luxury sales, they generated approximately 45% of the valley’s total dollar volume during the first half of 2026.

Not every segment of the market is moving at the same pace. Single-family home sales increased 38%, vacant land values continued to strengthen, while condo sales declined even as higher-end transactions pushed condo and townhome prices to new highs.

Up-thin Up-thin

Overall Number of Sales: Up 3%

When compared to the first six months of 2025, the overall market increased with 3% more sales.

Up-thin Up-thin

Total Dollar Volume: Up 2%

Following suit, the dollar volume was up 2%. The median sale price came in at a record-breaking $2.995 million (up 27%).

Up-thin Up-thin

Overall Inventory: Up 8%

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 2026. NOTE: 21 of the sales were above $10 million—up 11% from 2025.

JACKSON HOLE REPORT

We have a podcast!

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.

Q2 2025

Jackson Hole Real Estate Report

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.

25%

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.

$4.59M*

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.

258

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.

LUXURY REPORT

Jackson Hole Luxury Market

The Jackson Hole luxury market warrants special attention and analysis. Drawing on his decades-deep experience publishing the Jackson Hole Report, David Viehman has created a special new report that focuses entirely on high-end properties in Jackson Hole.

WE KNOW WYOMING

We call it home.

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.

© Copyright Jackson Hole Report 1995 - 2025 & Jackson Hole Luxury Report 2013 - 2025. All rights reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified.