Compared with the first three months of 2024, the number of sales in 2025 climbed 16%. In contrast, the dollar volume decreased 5%, and the average and median sale prices also decreased 18% and 1.5%, respectively. The drop in the average sale price is due to a 10% increase in sales closing for under $5 million. Listings between $1-3 million saw the most activity with 50% of overall transactions occurring in this range. Geographically, the Town of Jackson experienced the most activity, accounting for 47% of all sales in the valley. The Westbank came in second with 28% of all sales.

The upper end of the market—homes priced at $10+ million and condo/townhomes and single-family vacant lots priced at $5+ million—registered 11 sales in the first quarter of 2025. Of those 11 sales, seven were homes, two were lots, and two were condo/townhomes. A quick look at properties currently under contract shows 10 that are over $5 million; a 17% decrease from Q1 2024. Of those 10, three are on the Gros Ventre buttes, two are north of Town, three are in Town, and two are South of Town. The available upper-end inventory is at par with 2024. While these 49 listings only represent 30% of overall available inventory, they make up 65% of the current overall dollar volume of available properties valleywide.

There are eight properties on the market in the $25+ million price range today, compared to just one in Q1 2024. The most expensive home is located on the East Gros Ventre Butte and was listed at $40 million.

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