2025 YEAR END
As the year wraps up, it’s a good time to check in on how the Jackson Hole real estate market is doing. While national housing trends tend to grab headlines, Jackson Hole often plays by its own rules. The area’s uniqueness and its extreme land scarcity create a dynamic market that can be difficult to compare to anywhere else.
Market Overview
Overall, Jackson’s real estate market showed its power in 2025, with several key metrics climbing back to levels not seen since 2021 and 2022, during the height of the COVID-era market surge. Total property transactions rose 14% year over year to approximately 443 sales, marking the highest annual total since 2021 (though that year remains an outlier with 853 transactions). Median sale prices have hovered near the $2 million mark for the past three years, underscoring continued price stability.
Inventory increased roughly 22% compared to last year’s year-end, with 220 active listings, still historically low and likely reflective of a new normal given limited opportunities to add supply. Momentum is already building for 2026, with properties currently under contract up 9% compared to this time last year. Buyers and sellers considering a move in the coming year should pay close attention to these conditions: well-positioned properties are selling.
2025 MID-YEAR
STAR VALLEY REAL ESTATE MARKET REPORT
In 2025, the real estate market in Star Valley is defined by steady price growth, low inventory, and consistent buyer demand. The pace of development has picked up in several areas, with Thayne and Fairview/Smoot leading the way in terms of new construction and overall interest. These high-growth zones are attracting buyers who want the mountain lifestyle but still value community and accessibility.
Meanwhile, Star Valley Ranch, Bedford, and Etna remain attractive for buyers seeking more affordable homes, investment properties, or second residences. These areas continue to offer excellent value and serve as a buffer for buyers priced out of Jackson Hole and even parts of eastern Idaho.
Interest from out-of-state buyers remains strong, especially from Utah, Idaho, and California, driving ongoing demand for primary residences, vacation homes, and long-term rentals. The rise in remote work continues to play a role in this migration, with more people able to call Star Valley home without needing to be tied to a major city.
Whether you’re buying, selling, building, or investing, it’s clear: Star Valley continues to grow—not just in population, but in value, opportunity, and long-term appeal.