Is Jackson Hole, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jackson Hole is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Jackson Hole has remained a Buyer's Market.

Key Takeaway

Jackson Hole is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jackson Hole, WY

How much do homes in Jackson Hole, WY cost?

Median Sold Price

$2,200,000

$1,092/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,000(+2.3%)

Key Takeaway

Homes in Jackson Hole have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Jackson Hole was $2,200,000 in February 2024, up 2.3% from last year, and the median price per square foot was $1,092.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $860K$850K
-1.2%
2 $1.1M$1.1M
-0.3%
3 $2.3M$2.3M
0.5%
4 $3.6M$3.5M
-3.1%
5+ $6.0M$6.1M
+1.2%

Summary: Jackson Hole housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Cities

Jackson Hole
+2.3%
Jackson
+2.1%

Housing Supply in Jackson Hole, WY

How many homes are available in Jackson Hole, WY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
150152+1.3%

Summary: The Jackson Hole real estate market had 152 homes for sale in February 2024, a 1.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1213
+8.3%
2 3943
+10.3%
3 4645
-2.2%
4 2826
-7.1%
5+ 2525
0.0%

Summary: The Jackson Hole housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jackson Hole, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Jackson Hole in February 2024, down by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for Jackson Hole, WY

How long does it take to sell a home in Jackson Hole, WY?

Average Sale Time

Feb 2023Feb 2024CHANGE
212 Days229 Days+8.0%

Summary: Homes in Jackson Hole had an average of 229 days on market in Feb 2024, up by 8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Jackson Hole are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 10 homes were sold in Jackson Hole; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Jackson Hole, WY

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