As the busy summer season unfolds, the Jackson Hole real estate market continues to show strength across all segments. With increased transaction volume and record-setting activity in the luxury space, Q2 2025 signals continued buyer demand and a growing inventory of listings throughout Teton County.
Key Takeaways from Q2 2025:
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124 transactions closed in the first half of the year — a 6% increase over 2024
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$525M+ in dollar volume, up 10.7% from the same period last year
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Luxury home sales ($5M+) accounted for 25 of the 54 residential sales
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15 properties sold over $10M, already surpassing 2024’s full-year total
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Average home sale price hit $6.4M — a 30%+ increase year-over-year
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Inventory is rising: 289 active listings vs. 243 at the same time in 2024
What’s Driving the Market?
Demand remains especially strong in the upper tiers of the market. With 11 closings over $10M in just six months, the Jackson Hole luxury segment is on pace to potentially exceed its record set in 2021. Meanwhile, rising home values have pushed the median home price to $4.25M, up from $2.78M last year.
Even as activity heats up, the inventory of available properties is also expanding. This includes new opportunities such as The Porter Ranch, Jackson Hole’s first new subdivision in over 30 years, which adds a unique dimension to the landscape of available land.
Condominiums and Townhomes
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45 units sold YTD in 2025
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$1.67M average sale price, up 8.3% from Q2 2024
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Most active area: Town of Jackson, up 47% in sales volume year-over-year
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Notable sales include two units at The Glenwood closing for over $6M
Condo inventory has also grown, with 75 listings valley-wide — a 25% increase over 2024.
Land & Ranch Market
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16 land sales recorded, down slightly from 2024
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$4.2M average price, buoyed by multiple $9M+ closings
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Strongest activity in: South of Town and North of Town
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Inventory is rising with 65 active parcels, including listings from The Porter Ranch
While transaction volume is modest (as expected in a region where most land is protected), interest remains strong — especially for parcels with privacy and expansive views.
What This Means for Buyers & Sellers
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Sellers: The luxury segment is moving fast. Listings over $10M are seeing competitive activity, particularly for properties with views, acreage, or prime resort access. Now is an opportune time to list if your property falls into this tier.
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Buyers: A rising inventory means more choices, especially in the mid-range ($1.5M–$5M) and condo markets. As we move through peak season, serious buyers should be prepared to move quickly when the right property becomes available.
If you're curious about how your property fits into this market—or if you're considering a purchase in Jackson Hole this year—reach out to The McPeak Group for personalized guidance and neighborhood insights.
📩 Contact us for the full Q2 2025 report or a custom market analysis.
