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.

START YOUR SEARCH

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

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.

Luxury 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.

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.

Q3 2025

Jackson Hole Real Estate Report Snapshot

Demand for single-family homes rose by 6%, with 68 sales recorded in the first half of 2025. Both dollar volume and average price are up 10% and 4%, respectively. The average sale price reached a record-breaking $5.812 million, while median prices surged 25% year-over-year.

Luxury single-family home sales (those priced $10M+) increased 38%, with 11 deals closed. Notably, five properties exceeded $15 million in sale price—and three of those topped $20 million. Active luxury listings surged 100% compared to Q2 2024.

The number of homes under contract jumped 39%. The $2–$4 million range is now the most active segment, accounting for 50% of current contracts. There are also four homes under contract priced over $10 million.

Overall active inventory increased 10%, yet homes priced under $1 million remain nonexistent. Condo and townhome inventory grew 23%, while vacant residential lots declined 4%, pointing to tightening supply in affordable segments.

Condo and townhome sales jumped 38% year-over-year, totaling 66 sales in mid‑2025. Dollar volume rose 47%, and median sale price climbed 18%, driven by a rise in high-end sales ($3M+).

Up-thin Up-thin

Overall Number of Sales: Up 23%

For the first nine months of 2025, the overall number of sales increased 23% to 317, while total dollar volume rose 39% to $1.475 billion.
Up-thin Up-thin

Number of Active Listings: Up 21%

Active inventory grew 21% year over year to 301 listings, with the average listing price up 9% to $7.02 million.
Up-thin Up-thin

Luxury Market Sales: Up 75%

The Luxury Market, which includes condo/townhome and vacant residential lot sales priced at $5+ million, and single-family home sales priced at $10+ million, recorded 49 transactions in the first nine months of 2025—a 75% increase over 2024.

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.