JACKSON, Wyo. — The Jackson Hole real estate market faced its challenges in 2024.
The collapse of Teton Pass at the beginning of summer threw the fate of the busiest time of year in doubt. A lack of inventory also held transactions in check, and higher mortgage interest rates also hampered the purchasing power of would-be buyers.
But despite the dark clouds, last year’s Jackson Hole real estate market managed to improve upon 2023 by posting 10.6 percent more transactions in 2024 and generating 2 percent more dollar volume with $1.052B in sales.
A smattering of sales at the extreme upper end of the scale— including three in excess of $30M — helped Teton County break the symbolic Billion Dollar mark. The valley’s average 2024 transaction price slipped approximately 7.8% from $3.9M in 2023 to $3.6M in 2024 as buyers gravitated toward lower-priced listings (including a 23.5 percent increase in condo and townhome transactions compared to last year).
Inventory remained flat year over year, with 193 properties listed for sale across Teton County at the start of 2025 compared to 188 active listings one year ago.
With 2024 behind us — including the uncertainty of a contentious election year — the Jackson Hole real estate market appears stable heading into 2025.
