Vacant Land

The vacant land market in Jackson Hole has witnessed significant activity and growth in the first half of 2023. There was a total of 27 transactions, indicating a substantial 35% increase compared to 2022. The total dollar volume for vacant land transactions amounted to $200.7 million, reflecting a healthy 25% increase. Notably, a large land trade worth $43 million contributed to this positive trend. The median sale price for vacant land also saw a notable increase of 13%, reaching $2.4 million.

Furthermore, the market experienced a surge in active listings, with 73 available properties, representing an impressive 83% increase. However, it is worth mentioning that the average number of days on the market for vacant land increased by 19%, suggesting a slightly longer time frame for these properties to sell. Indicating a thriving vacant land market in Jackson Hole, with increased transaction volume, higher median prices, and a substantial rise in active listings.