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Home › Market Reports › Jackson Hole Market Report | Year End 2023

Jackson Hole Market Report | Year End 2023

2023 | Year Over Year

Market Overview
Single Family Homes
Condos & Townhomes
Land & Ranches
Welcome to our Year End 2023 Jackson Hole Market Report! Our local team has pulled and analyzed the following data, providing insight not only into the past year but also historical data that helps identify local trends in the market. For a deeper insight into these numbers, our local team here at Keller Williams Jackson Hole is always available to discuss.

Market Overview

Number of Sales

355
-7%

Average Sale Price

$3,933,094

+10%

168
-5%

Total Dollar Volume

$1,395,855,184
-6%
I’m optimistic about Jackson’s real estate market. I believe the transition away from the frenzy of the covid years is healthy for the market. I’m watching new listing levels closely as I believe that is one of the few factors that will have an impact on pricing in Jackson Hole. The lack of inventory is definitely helping to hold prices high. I don’t foresee any major changes coming in 2024.
Rebekkah Kelley, Associate Broker

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Single Family Homes

Number of Sales

178
-6%

Average Sale Price

$5,645,620

+23%

65
-19%
We continued to see some appreciation of home values in 2023. Supply remains constrained, with inventory down almost 20% year-over-year, which drove average and median prices higher. Days on market would indicate that the frenzied rush to acquire a property at any price has cooled, and buyers are searching for a well-priced home whose listing price aligns with its market value.
Deirdre Griffith, Associate Broker

Condos & Townhomes

Number of Sales

107
-9%

Average Sale Price

$2,052,222

-1%

51
+46%
The condo and townhome market witnessed a high demand for purchases, tempered by the impact of rising interest rates, which deterred many potential buyers. However, with the anticipated decrease in interest rates, the market is poised for a resurgence in buying activity.
Diana Dragancea, Associate Broker

Land & Ranches

Number of Sales

42
+3%

Average Sale Price

$2,988,375

-28%

40
-13%
As less and less desirable lots are available throughout the valley, I see this market segment steadily appreciating over the next few years. Many buyers continue to seek out land in Teton County as a secure choice to hedge against inflation.
Kelsey Spaulding, Associate Broker

Number of Sales

73
No Change

Average Sale Price

$10,790,506

+38%

54
-10%
The luxury market is filling with discerning buyers looking for exceptional properties. Jackson continues to prove that the outdoor recreation, sophisticated amenities, and exceptional restaurant choices are now sought after by a growing number of buyers. They can be many places but are choosing to make their home here. A customer said to me this summer with passion, “they aren’t making any more Jackson Hole!”. She nailed it.
Barb Andrews, Associate Broker

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