MARKET REPORT
Q1 2025 • TETON VALLE Y, IDAHO
MARKET REPORT
Q1 • THE TETON VALLE Y MARKET
The Teton Valley real estate market experienced notable growth in Q1 2025 compared to the same period last year. Total sales rose 18%, driven primarily by gains in single-family homes, condos/townhomes, and commercial properties. Despite some regional variability, the market saw an overall increase in dollar volume by 47%, signaling a robust environment. Active listings also more than doubled, indicating increasing inventory across segments.
The single-family home market saw a strong performance, with a 31% increase in total sales year-over-year. The average sale price climbed 32% to $1.69 million, and the median rose 21% to $1.21 million. Driggs led the surge with an 186% increase in sales and a 50% jump in average price. This uptick suggests an increase in higher-value sales, while a 330% increase in days on the market indicates that buyers have less urgency to move quickly.
The condos and townhomes segment saw explosive growth, with transactions tripling from 10 in Q1 2024 to 30 in Q1 2025. Despite a 13% decline in the average sale price to $502,233, the total dollar volume surged 157% to over $15 million. Driggs remained the primary hub for condo sales with the development of moderately-priced inventory Inventory increased 33% year-over-year,
however, properties stayed on the market longer—up 73%.
Vacant land sales declined 15% in volume with 57 total transactions The average sale price dipped 14% to $308,526, while the median sale price ticked up 2% to $225,000. Notably, Victor and Driggs saw modest gains in volume and price, while Tetonia experienced a sharp 68% drop in transactions. Days on market decreased by 31%, suggesting that despite the lower volume, wellpriced parcels are still moving efficiently
Commercial property sales increased from just one in Q1 2024 to three in Q1 2025, pushing total dollar volume up 96% to nearly $4 million. This segment also experienced a 35% drop in the average sale price with a 25% increase in active listings and longer time on the market. Overall, the commercial sector remains a less active segment of the overall Teton Valley market.
Q1 2025 was marked by a sharp rebound in overall sales volume across most property types in Teton Valley. Single-family and condo/townhome markets led the charge, with commercial real estate also showing signs of momentum. While longer market times suggest some cooling in buyer urgency, growing inventory and dollar volume reflect a maturing real estate landscape in the valley.
$103.3M
TOTAL DOLLAR VOLUME 47% INCREASE YTD
AVG SFH SALES PRICE 32% INCRESASE YDT $1.7M
$1.2M
MEDIAN SFH SALES PRICE 21% INCREASE YTD
130
TOTAL TRANSACTIONS 18% INCREASE YTD
ACTIVE LISTINGS 127% INCREASE YTD 526
VICTOR, IDAHO (38)
DRIGGS, IDAHO (76)
ALTA, W YOMING (2)
TETONIA, IDAHO (14)
SINGLE FAMILY HOMES
SOLD LISTED AT $1,725,000 DRIGGS, IDAHO REPRESENTED BY SAM REECE
The single-family home market in Teton Valley continued to show strong momentum in Q1 2025, with sales increasing 31% year-over-year The average sale price climbed 32% to $1.7 million, while the median rose 21% to $1.21 million Driggs led the way with an 186% increase in transactions and a 50% rise in average pricing, signaling robust demand for higher-end homes and new inventory Alta, though smaller in volume, also posted a striking 88% price increase, a market that is beginning to wake up after a previously quiet period.
Victor, historically a popular choice, saw a 21% drop in sales and a modest 2% dip in average price Meanwhile, active listings nearly doubled to 73 homes, and days on the market climbed 33%, averaging 202 days. The single-family home market has presented less demand through lower urgency buyers.
MARKET STATS
NUMBER OF TRANSACTIONS
MINIMUM PRICE
MA XIMUM PRICE SOLD TOTAL DOLL AR VOLUME
AVERAGE
PENDING TRANSACTIONS MEDIAN SALE PRICE
CONDOS/TOWNHOMES
The condo and townhome segment experienced remarkable growth in Q1 2025, with sales tripling from 10 to 30 units compared to the same period last year. While the average sale price dipped 13% to $502,233 and the median fell 24% to $430,000, the surge in volume pushed total dollar volume up by 157% due to a surge of activity at a specific highdensity property, indicative of how one development can impact market statistics. Much of this activity was centered in Driggs, which continues to offer a mix of inventory appealing to both full-time residents and investors.
pending listings dropped by nearly half, suggesting a potential slowdown or buyer hesitation as prices stabilize. Properties also spent significantly more time on the market, up 73% to an average of 266 days. The jump in overall sales signals that condos and townhomes are playing an increasingly vital role in meeting the region’s housing demand, especially for those priced out of the singlefamily home market.
MARKET STATS
NUMBER OF TRANSACTIONS
ACTIVE LISTINGS
TOTAL DOLL AR VOLUME
MINIMUM PRICE SOLD
MA XIMUM PRICE SOLD
AVERAGE SALE PRICE
MEDIAN SALE PRICE
AVERAGE DAYS ON MARKET
PENDING TRANSACTIONS
MARKET STATS BY AREA
VACANT LAND
SOLD LISTED AT $405,000 VICTOR, IDAHO REPRESENTED BY PAUL
KELLY
Vacant land sales in Teton Valley saw a 15% decline in volume in Q1 2025, dropping from 67 to 57 transactions Victor and Driggs both posted modest gains in transaction volume and relatively stable pricing, with Victor’s average sale price increasing 6% to $273,326 Tetonia, on the other hand, experienced a sharp 68% drop in sales, though it saw a 43% jump in average price to $508,000 likely driven by a few high-value parcels.
The overall average price for land across the valley fell 14% to $308,526, while the median rose slightly to $225,000, indicating more activity in mid-range properties
Inventory increased 14%, and average days on market dropped by 31%, suggesting that while the market cooled in terms of volume, wellpriced lots are still moving. With 167 active listings and a wide range in pricing, the vacant land segment remains a key part of the region’s growth potential, particularly for buyers planning custom homes or long-term investments
MARKET STATS
NUMBER OF TRANSACTIONS
TOTAL DOLL AR VOLUME
MINIMUM PRICE SOLD
MA XIMUM PRICE SOLD
AVERAGE SALE PRICE
MEDIAN SALE PRICE
AVERAGE DAYS ON MARKET ACTIVE LISTINGS
PENDING TRANSACTIONS
TALK TO AN EXPERT
Experience the Compass Real Estate difference by working with Jackson Hole’s leading real estate experts. We are a team of trusted advisors working collaboratively to leverage our collective knowledge and expertise to deliver fundamentally different services For us, nothing matters more than creating a legacy of excellence that honors and celebrates our people and the exceptional place we call home
To start your search of all active Jackson Hole listings, scan the QR code