The 2025 Q1 Real Estate Market Reports are in!
Mountain Standard is here to be your resource for all things Jackson Hole and Teton Valley real estate. Wondering what's been going on in the market lately and how it could affect your buying or selling plans? We're here to break it down for you.
Jackson Hole, Wyoming
The Jackson Hole real estate market kicked off 2025 with a strong and diverse performance across nearly every major property segment. Total transaction volume rose 24% year-over-year, with 72 properties changing hands in Q1, up from 58 during the same period last year. While the average list price dipped 21% to $5.07 million, this shift reflects increased activity in a broader range of market sectors, especially in the mid-tier and condo markets. Most notably, total dollar volume rose 5% to nearly $390 million—an indication of continued depth and resilience in the market despite shifting buyer strategies.
Market-wide, buyers appear more engaged and motivated, with average days on market dropping 13% from the previous year. Inventory climbed 11%, giving buyers more options than in recent quarters. Additionally, financing trends revealed a tilt toward cash purchases, representing 54% of all transactions, up from 50% in Q1 2024. Meanwhile, conventional financing dropped by half, making up just 15% of deals. This reflects national interest rate sensitivities and a greater concentration of well-capitalized buyers.Overall, Q1 2025 painted a picture of a maturing, multifaceted market. Jackson Hole continues to attract a wide range of buyers, from luxury seekers to lifestyle-driven relocators, and despite economic headwinds in other regions, the valley’s enduring desirability is clear. With increased activity across most segments, strong pending sales, and more inventory coming to market, the year is poised for continued strength, especially for sellers who price strategically and buyers ready to act decisively in a competitive landscape.
Teton Valley, Idaho
The Teton Valley real estate market experienced notable growth in Q1 2025 compared to the same period last year. Total sales rose 18%, driven primarily by gains in single-family homes, condos/townhomes, and commercial properties. Despite some regional variability, the market saw an overall increase in dollar volume by 47%, signaling a robust environment. Active listings also more than doubled, indicating increasing inventory across segments. The single-family home market saw a strong performance, with a 31% increase in total sales year-over-year. The average sale price climbed 32% to $1.69 million, and the median rose 21% to $1.21 million. Driggs led the surge with an 186% increase in sales and a 50% jump in average price. This uptick suggests an increase in higher-value sales, while a 330% increase in days on the market indicates that buyers have less urgency to move quickly.
Q1 2025 was marked by a sharp rebound in overall sales volume across most property types in Teton Valley. Single-family and condo/townhome markets led the charge, with commercial real estate also showing signs of momentum. While longer market times suggest some cooling in buyer urgency, growing inventory and dollar volume reflect a maturing real estate landscape in the valley.
What does this mean for me?
As a potential Buyer or Seller, you most likely still have plenty of questions on the market and how it could affect your timing and goals. And we're here to help. Market dynamics are tricky, and having a trusted team in your corner that specializes in both Jackson Hole and Teton Valley real estate is essential in making the right decision. Reach out today, we'd be happy to walk you through it.
Check out the full reports below:
