YEAR OVER YEAR | JACKSON HOLE, WY
2023 Year End | Year Over Year
$3.93 Million
168 Active Listings
Difference Since Year End 2022
+10%
Despite a 7% decrease in the number of transactions in the overall market, the average sale price witnessed a 10% increase. This surge in average price was influenced by a thriving luxury market, accounting for approximately 20% of the total transactions and around a dozen closings surpassing the $15 million mark.
Year End ’22
176
Year End ’23
168
% Change
-5%
Year End ’22
380
Year End ’23
355
% Change
-7%
$5.64 Million
65 Active Listings
Difference Since Year End 2022
+23%
The market in Jackson Hole maintains stability for single-family home sales, thanks to the ongoing interplay between supply and demand which has sustained competitiveness. 2023 saw a minor dip in transactions with about 6% fewer sales compared to 2022. Nonetheless, home prices remained resilient over the last year.
Year End ’22
77
Year End ’23
65
% Change
-19%
Year End ’22
189
Year End ’23
178
% Change
-6%
$2.05 Million
51 Active Listings
Difference Since Year End 2022
-1%
Among all market segments, condominiums and townhomes have experienced the most significant impact from rising interest rates and subsequent concerns about affordability. The stats reveal convincing evidence that this segment of the market is reacting to these market forces.
Year End ’22
28
Year End ’23
51
% Change
+46%
Year End ’22
117
Year End ’23
107
% Change
-9%
$2.99 Million
40 Active Listings
Difference Since Year End 2022
-28%
“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
Year End ’22
45
Year End ’23
40
% Change
-13%
Year End ’22
40
Year End ’23
42
% Change
+3%
The luxury segment of the market, is defined as residential and land sales over $5 million.
$10.79 Million
54 Active Listings
Difference Since Year End 2022
+38%
Despite the transaction count remaining flat year-over-year, around a dozen transactions breached the $15 million mark, showcasing the strength of this segment. Many of these properties encompass large acreage, river frontage, and expansive homes, features that command premium prices in the Jackson Hole area. A notable example is the sale of a 109-acre property with Snake River and Fish Creek frontage on the Westbank, listed at $48 million.
Year End ’22
59
Year End ’23
54
% Change
-10%
Year End ’22
73
Year End ’23
73
% Change
No Change
2023 Year End | Year Over Year
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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