YEAR OVER YEAR | JACKSON HOLE, WY
Quarter 3 | Year Over Year
$3.83 Million
261 Active Listings
Difference Since Q3 2022
+14%
This data indicates buyers are still buying when the price and circumstances align but there is little urgency to snag a property as soon as it hits the market.
Q3 ’22
198
Q3 ’23
261
% Change
+24%
Q3 ’22
288
Q3 ’23
272
% Change
-6%
$5.36 Million
126 Active Listings
Difference Since Q3 2022
+16%
Most homes are generally sold in the Town of Jackson and South of Jackson areas, but this year a standout area is South of Wilson with a 142% increase in homes sold.
Q3 ’22
107
Q3 ’23
126
% Change
+15%
Q3 ’22
137
Q3 ’23
133
% Change
-3%
$2.08 Million
50 Active Listings
Difference Since Q3 2022
+13%
“I think a bit of the softening that we’ve seen in this market segment is the lack of investor buyers (especially compared to the last 3 years). As prices have remained strong, investors returns are challenged and the properties have stopped marking as much financial sense.”
Q3 ’22
20
Q3 ’23
50
% Change
+61%
Q3 ’22
93
Q3 ’23
83
% Change
-12%
$3.34 Million
74 Active Listings
Difference Since Q3 2022
-9%
The area with the most land sales was North of Jackson to Moran which includes the area around Jackson Hole Airport. Inventory increased about 23% compared to last year giving buyers more options. As the real estate market shifts land is taking a bit more time to sell. The average days on the market increased about 17% to 218 days, the longest marketing time of all segments.
Q3 ’22
57
Q3 ’23
74
% Change
+23%
Q3 ’22
36
Q3 ’23
34
% Change
-4%
The luxury segment of the market, is defined as residential and land sales over $5 million.
$10.86 Million
89 Active Listings
Difference Since Q3 2022
+24%
The average sale price, up an astonishing 24%, was
bolstered by a handful of over $20 million dollar sales including a 109-acre ranch listed for $48 million.
Following suit with all other segments, available inventory and days on the market increased. In contrast to other segments of the market, the number of properties under contract at quarter-end was up nearly 45%. All other segments of the market had decreases in pending sales.
Q3 ’22
69
Q3 ’23
89
% Change
+22%
Q3 ’22
53
Q3 ’23
51
% Change
-4%
CINDEE GEORGE
Associate Broker
(307) 690-3996
cindee@jhreteam.com
KELSEY SPAULDING
Associate Broker
(218) 410-0624
kelsey@jhreteam.com
JAMES DOYLE
Sales Associate
(307) 690-9768
james@jhreteam.com
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