2026 Q1 Market Report - Jackson Hole
At the risk of stating the obvious, it was a weird winter for northwestern Wyoming.
An unseasonably warm start to 2026 thwarted skiers (although the Jackson Hole Mountain Resort still reported nearly 350” on the season), and global unrest created economic instability on the domestic front. The Teton County real estate market was also coming off one of its best years ever in 2025. The looming question heading into 2026 was “would the real estate momentum sustain with questionable snow and overarching financial uncertainty?”
Despite the headwinds, the Jackson Hole real estate market had a strong showing for the first three months of 2026, posting 54 transactions that generated more than $258M in sales volume. Despite an approximate 12 percent decline for sales and volume compared to last year, the market’s performance was in line with Q1 numbers from 2022, 2023 and 2024.
The average Teton County transaction price held constant at about $4.8M, while the median sale jumped more than 80 percent from last year’s Q1 price of $2.35M (for a Love Ridge condo at Snow King in the Town of Jackson) to $4.25M in 2026 (for a 3-bedroom cabin at Jackson Hole Golf and Tennis). The glaring disparity between the static average price and spike in median price was a decline for the luxury segment of the market; the $62.3M in luxury sales volume the first three months of 2026 was a 55.3 percent drop compared to 2025’s Q1 total of nearly $140M.
While market demand is healthy, available inventory will play a key role this summer. Active listings across Teton County have grown 27 percent year over year, driven mostly by an uptick in condo listings in The Aspens and vacant parcels of land South of the Town of Jackson.
Curious about the market as it relates to your property in Jackson Hole? Get in touch today!