2025 MID-YEAR
We’ve made it halfway through the year, and it’s the perfect time to reflect on how the Jackson Hole real estate market has evolved over the past 12 months. Midyear also marks the halfway point of the summer selling season—a time defined by a flurry of new listings, an influx of tourists and second homeowners, and local businesses operating in full swing. It’s go time in Jackson Hole!
While 2023 and 2024 were relatively quiet years for local real estate, 2025 is gaining momentum. Through midyear, the number of transactions exceeded last year by 8%. Properties within the Town of Jackson accounted for nearly 45% of all transactions, while the area just south of Jackson came in a distant second with 13%.
The median sale price dipped approximately 11% to $1.78 million, while the average sale price rose about 5% to $4.3 million. As is typical for our market, the average is heavily skewed by high-end sales—properties over $10 million made up nearly 12%of all sales so far this year.
At midyear, 283 properties were actively listed for sale, representing a 16% increase in inventory compared to the same time last year. This is a much-needed boost, although many segments of the market still face limited options.
Looking ahead, the remainder of the year appears poised for continued strength, with 38% more listings currently under contract than at this point in 2024.
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.