Q2 Jackson Hole Market Report

Jackson Hole’s real estate market continues to navigate challenges such as low inventory, higher interest rates, and record-breaking prices. Despite these obstacles, demand for Jackson Hole real estate remains robust, though different market segments have reacted inconsistently to these nuanced dynamics.

The number of transactions has steadily decreased for more than two years with a 7% drop from mid-year last year. Yet, persistently low inventory levels have kept prices stable since the 2021 peak. While the average sale price has remained flat, the median price has decreased by 7% compared to a year ago. This decline is largely due to a higher number of lower-priced properties sold in 2024, with sales of properties priced between $500,000 and $1 million increasing by over 40% compared to last year. Many of these properties include workforce-restricted housing and small, entry-level condos.