Jackson Hole Real Estate Wrap-Up: A Strong Year in 2025
As the dust settles on 2025, Jackson Hole’s real estate market is writing its own story — one of resilience, renewed activity, and record-setting price performance. While many national markets continued to navigate affordability headwinds and economic headwinds, the Teton Valley maintained strong buyer demand across key segments.
Market Momentum Returns
One of the standout themes from the year-end report is the bounce-back in transaction activity. Total property sales climbed approximately 14% year-over-year to about 443 closings, the highest annual total since 2021 (notwithstanding that year’s extraordinary pandemic surge). Even with the overall market still historically tight, both buyers and sellers found opportunities in 2025. Inventory grew at year-end — up roughly 22% from 2024 — with 220 active listings, signaling a slight easing of the historically limited supply that defines Jackson Hole.
Prices Remain Strong Across the Valley
Pricing strength was another headline from the year’s data. Despite broader market chatter about affordability challenges, Jackson Hole prices moved higher:
The median single-family home price reached $3.3 million, up about 10% from the prior year — another all-time high.
The average sale price in the single-family home segment surged more than 37%, driven in large part by high-end transactions.
Even at the entry-end of the market, buyers could find homes under $1 million — with the lowest recorded sale of the year at $895,000 for a smaller property in Hoback Junction.
What these figures show is a market where price growth is not limited to luxury purchases: elevated values are present across a broad spectrum of home types. This trend is especially notable considering the statewide and national narrative of cooling price growth in many markets.
Luxury Sector Drives Market Dynamics
The luxury segment was once again a headline performer in 2025. Homes priced above $5 million accounted for a significant share of total dollar volume, and sales over $15 million made up roughly 10% of all home transactions — including at least one closing above $40 million along the Snake River. Luxury listings also increased about 14% year-over-year, with pending sales up another 18% at year-end, signaling ongoing demand at the top end of the market.
Segments Beyond Single-Family Homes
While single-family homes garnered much of the spotlight, other segments showed noteworthy activity:
Condos and townhomes saw modest gains in average price and inventory, even as sales grew at a more measured pace.
Vacant land transactions rebounded, with sales up about 22% and the median land price crossing $1.85 million — highlighting continued interest in custom building and legacy acreage.
Looking Ahead into 2026
Even as 2025 closed on a high note, early signs pointed to momentum carrying into the new year, with more properties under contract at year-end than at the same time in 2024. For buyers and sellers contemplating moves in 2026, paying close attention to market conditions — including inventory shifts and interest rate dynamics — will be key.
Key Takeaways for Buyers and Sellers
Strong sales activity returned in 2025, with transaction counts at their highest since the post-pandemic period.
Prices continued their upward trend, with noteworthy strength even outside of the ultra-luxury tier.
Inventory remains historically constrained, but year-end gains offer a bit more choice than recent years.
Whether you’re thinking about listing your property or exploring opportunities around Jackson Hole, these 2025 trends can help ground your decision-making with real data. If you’d like a personalized market snapshot or strategy session, let me know and I’d be happy to help tailor insights to your goals.
