2026 Q1 Market Report - Teton Valley
Coming off its second-best year ever in 2025 with more than $500M in sales volume, the Teton Valley real estate market headed into the new year poised to maintain its momentum.
In Q1 2026, however, the regional market faced the headwinds of one of the warmest ski seasons on record coupled with an increase in mortgage interest rates and other economic instability. Transactions fell 16.4 percent in the first three months of 2026 (or 112 closings this year compared to 134 sales in Q1 2025). The complementing dollar volume also fell more than 20 percent to $82.4M for the year to date.
Home sales remained brisk – up 5 percent year over year – but the corresponding sales dollar volume fell nearly 25 percent, mostly due to a slowdown in Teton Valley’s luxury segment. For Q1 2026, only one property sold for more than $3M (a 132-acre parcel in Driggs that was listed for $7.9M).
The average transaction price across all property types fell slightly to $735,296 (down 3.4 percent from Q1 2025). At the start of spring, active listings across Victor, Driggs, Tetonia, and Alta also crept up slightly to 316 properties for sale (up 3.9 percent).
Pitting the current pace of sales against the region’s current inventory, the climate heading into the busy summer season is one of a “Buyer’s Market.” Time will tell if the rest of 2026 can match the market’s success from last year.
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