Is Jackson Hole, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jackson Hole was a Seller'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
$2,150,000
$1,088/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jackson Hole have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Jackson Hole was $2,150,000 in March 2024, up 1.1% from last year, and the median price per square foot was $1,088.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $975K | $850K | -12.8% |
| 2 Bedrooms | $1.2M | $1.1M | -7.4% |
| 3 Bedrooms | $2.2M | $2.3M | +5.5% |
| 4 Bedrooms | $3.5M | $3.9M | +12.1% |
| 5+ Bedrooms | $6.0M | $4.9M | -18.3% |
Summary: Jackson Hole housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Jackson Hole | $2.1M | $2.1M | +1.1% |
| Jackson | $2.4M | $2.3M | -3.6% |
Housing Supply in Jackson Hole, WY
How many homes are available in Jackson Hole, WY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 150 | 144 | -4.0% |
Summary: The Jackson Hole real estate market had 144 homes for sale in March 2024, a 4.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 42 | 43 | +2.4% |
| 3 Bedrooms | 45 | 46 | +2.2% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Jackson Hole housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson Hole, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Jackson Hole in March 2024, up by 27.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 0% were sold at asking, and 23% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 169 Days | 105 Days | -37.9% |
Summary: Homes in Jackson Hole had an average of 105 days on market in Mar 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
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 March 2024, 14 homes were sold in Jackson Hole; 7% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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