2025 YEAR END
DATA-DRIVEN REPORT FOR 2025
The Jackson Hole Report is the oldest, most accurate, and comprehensive real estate market report in Teton County, WY. Our statistics are derived from a privately maintained database that tracks every single sale—not just those reported through Multiple Listing Service (MLS). Notably, in 2025, only 63% of sale prices valley-wide were reported to MLS, highlighting the value of our complete, data-driven reporting.
Each year, we revisit this question, and after more than 30 years of observing market cycles, the conclusion remains consistent: Jackson Hole operates under a set of dynamics unlike any other market in the country.
With over 97% of Teton County held in public trust, limited developable land defines the market. This structural scarcity is reinforced by exceptional lifestyle attributes, iconic Teton views, abundant wildlife and outdoor recreation, more than 100 local restaurants, a regional hospital, direct air service to major U.S. cities, and a close-knit community, creating enduring demand that transcends traditional housing cycles.
Historically, Buyers have included corporate executives, investment professionals, and friends and family of local residents. From the 1990s through 2007, however, speculation played a significant role, with widespread spec construction (buildings constructed without a specific Buyer or tenant already in mind, but rather built while speculating that the property will be bought at a profit) and short-term rental condo flipping. That era ended with the Great Recession, which reduced the local construction workforce by roughly half and effectively eliminated speculative building.
Sales activity peaked between 2004 and 2007, averaging 973 transactions annually, with average home prices near $1.5 million. Although the market began recovering in 2011, it has never returned to those peak transaction levels, reflecting both supply constraints and a more disciplined development environment.
The Jackson Hole Report Podcast, sponsored by the Viehman Group, is your local guide to everything real estate in Jackson Hole, WY. Featuring extensive data collected from www.jacksonholerealestatereport.com and 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.
If you are considering purchasing or selling real estate in our region don’t hesitate to call David, Devon or Luke- We are your local Real Estate experts!
www.jacksonholerealestatereport.com
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
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© Copyright 1995 – 2026 by David E. Viehman and Devon Viehman. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from David E. Viehman.
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
