2023 Q4 Real Estate Market Report | Jackson Hole & Teton Valley

Mountain Standard Realty


The Q4 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

This quarter, the market in Jackson Hole continued to show a fair amount of resilience and adaptability in the face of national economic and environmental challenges. The JH market overall has experienced a 24% decrease in dollar volume compared to last year, indicating a continuation of a more selective buyer pool (a trend we saw last quarter). The Buyer-Seller dynamic continues to normalize post pandemic era. Compared to this time last year, properties are spending 40% more time on the market, but properties that are being priced correctly continue to sell!

Teton Valley, Idaho

Teton Valley saw similar decreases in sales volume and dollar volume, but saw more activity than the surrounding markets this quarter! Similar to last quarter, the stats varied quite significantly from market segment to market segment. For example—single-family, condos, land and farm and ranch homes all saw decreases in transactions, but the commercial market marked a 46% increase in transactions. Similar to Jackson, the Buyer-Seller dynamic continues to normalize, offering opportunities and challenges on both sides, throughout each segment.

What does this mean for me?

As a potential Buyer, you might be asking yourself questions like "is now the right time to buy a single-family home over a condo? A condo over a single-family home? Do I wait to buy altogether?" Or as a potential Seller, now you might be thinking about how exactly you can get the pricing spot on for your home in order to make a sale. Well, 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:

Jackson Hole Q4 2023 Market Report - Jackson Hole

Jackson Hole Q4 2023 Market Report - Teton Valley


Mountain Standard Realty was founded to elevate the experience of buying and selling real estate in the Tetons while giving back to the community in which we all live, work and play. We don’t just help our clients buy and sell homes - we help our clients live the Jackson Hole lifestyle.

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