JACKSON HOLE REAL ESTATE REPORT
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Teton County has recently updated its Natural Resources Overlay (NRO) regulations, and one of the most significant changes is that the entire county is now included within the NRO. Previously, only certain environmentally sensitive areas were subject to NRO requirements, but this expansion means that every property—regardless of location—will now go through a form of environmental review when seeking a development permit. The goal is to create a more consistent and transparent process that takes into account wildlife, habitat, and other ecological factors at a countywide level.
Compared with the first three months of 2024, the number of sales in 2025 climbed 16%. In contrast, the dollar volume decreased 5%, and the average and median sale prices also decreased 18% and 1.5%, respectively. The drop in the average sale price is due to a 10% increase in sales closing for under $5 million. Listings between $1-3 million saw the most activity with 50% of overall transactions occurring in this range. Geographically, the Town of Jackson experienced the most activity, accounting for 47% of all sales in the valley. The Westbank came in second with 28% of all sales.
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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
