Jackson, Wyoming Market Update: What’s Happening This Season?

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1. Market at a Glance

The Jackson, Wyoming real estate market continues to show strong momentum this season. Here’s a quick overview of the latest trends:

• Inventory is rising slightly – There are around 258 active listings, about 9–10% more than the same time last year.

• Prices are trending upward – The average sale price for single-family homes in mid-2025 is approximately $6.7 million, up 34% from 2024.

• Median sale price sits around $3.16 million, showing a healthy 14% increase year over year.

• Homes are selling faster – The average days on market dropped from 223 days in 2024 to 141 days in 2025 (a 36% decrease).

• Luxury properties dominate – There have already been 15 sales above $10 million in the first half of 2025, surpassing all of last year.

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2. Comparing 2024 vs 2025: Key Market Trends

Inventory & Listings

• In 2024, available listings were at record lows, creating intense competition among buyers.

• By mid-2025, inventory rose by roughly 15%, offering buyers a little more choice.

• However, homes under $2 million remain limited, keeping this segment highly competitive.

Pricing Trends

• Average single-family sale price: $6.7 million (up 34%)

• Median single-family sale price: $3.16 million (up 14%)

• Four-bedroom homes: up 19% compared to 2024

• Five-bedroom homes: up 43% compared to 2024

• The luxury segment continues to push average prices higher, while the mid-range market remains more stable.

Sales Activity

• Condo and townhome sales are up 29% year-over-year.

• Their average sale price increased 17%, reflecting strong demand.

• Homes priced correctly are selling in about 4–5 months, while over-priced properties can stay on the market for 7 months or more.

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3. What’s Driving These Market Shifts

• Luxury demand remains strong. Many buyers are drawn to Jackson’s natural beauty, privacy, and high-end lifestyle.

• Limited developable land. Strict zoning and large protected areas in Teton County keep supply tight, maintaining upward pressure on prices.

• Interest rate stability. Mortgage rates have leveled off, encouraging more confident buyers.

• Inventory recovery. While still low historically, the number of listings is slowly improving compared to 2024.

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4. What This Means for Buyers and Sellers

For Sellers

• The market still favors sellers, especially in luxury price points.

• Correct pricing is critical—homes that are accurately valued are selling quickly.

• As inventory rises slowly, competition among sellers could increase later this year.

For Buyers

• You’ll find slightly more inventory than last year, giving more room to negotiate.

• Fairly priced homes are still selling fast—timing and preparation are key.

• Focus on your target price range, since luxury sales can make the overall average seem higher than it really is for your segment.

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5. Seasonal Outlook

As the fall and winter seasons approach, market activity in Jackson, WY typically slows a bit. However, serious buyers continue to shop during the off-season.

Keep an eye on:

• Interest rate changes that may influence buyer demand.

• New inventory coming to market before the spring 2026 rush.

• Listings under $3 million, which remain in short supply and sell quickly.

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6. Work With a Local Expert

Dan Visosky is a trusted Realtor based in Jackson, Wyoming, known for his deep market knowledge and client-focused approach. Whether you’re buying or selling, Dan provides data-driven insights and personalized strategies to help you make smart real estate decisions.

Contact Dan Visosky:
📞 307-690-6979
🌐 danvisosky.com