By late October, the cottonwoods along the Snake River have turned gold and the valley settles into the quieter fall season, offering a natural moment to look back at summer. The Jackson Hole real estate market closed the third quarter of 2026 with 288 transactions across all property types, up 14% from last year, and $1.8 billion in total dollar volume, up 51%.
Single-family homes led the quarter, but the most useful part of the story isn't how much sold but rather when, and what that timing tells us about the months ahead.
Single-Family Homes: More Sales, Steady Prices
Jackson Hole single-family home sales rose 42% year over year to 150 transactions, while total dollar volume climbed 38% to $833 million. Because the number of deals and the dollar volume grew at roughly the same pace, the average sale price held steady at $5.5 million. The median sale price stayed flat as well, at $3.35 million.
That balance matters. The growth came from broader participation across price points rather than a handful of record sales. Homes between $1 million and $5 million accounted for 94 sales, and homes above $5 million rose 50% to 54 sales. Cash buyers remained the majority, at 58% of single-family purchases.
Why Homes Took Longer to Sell
Interestingly, the average single-family home spent 166 days on the market—up 32%, or about 40 more days than a year ago. At first glance, that could look like softening demand, but we read it differently.
The second quarter of 2026 was slow, and the third was strong. In Jackson Hole, summer inventory traditionally comes to market in May and June. This year, many of those homes waited through a quiet spring before selling in July, August and September, adding increasing days on market. In a more balanced year like 2025, those same homes would have sold earlier in the summer and logged fewer days on market. The longer timeline reflects a compressed selling season, not a weaker one.
Looking Ahead to the Fourth Quarter
The other notable trend is a thinner pipeline. Active single-family listings fell 16% to 125 homes, and pending transactions dropped 48% to just 17. With fewer homes for sale and fewer deals under contract, we would not expect the nearly 40% increase in dollar volume to hold through the fourth quarter.
For buyers, that means a narrower field of options heading into winter. For sellers with well-priced homes, it means less competition and continued demand in a market where supply remains limited.
Condos, Land and Luxury at a Glance
Condos and townhomes. Sales eased 15% to 75 transactions, and the median price softened 9% to $1.315 million. The high end held firm, with a top sale of $9.395 million, up 42%. Inventory tightened 26% to 50 active listings.
Vacant land. Land sales rose 17% to 41 transactions, led by the $2 million to $5 million range, which tripled from 8 sales to 24. Parcels sold faster, with days on market down 29% to 152, and the quarter’s top land sale reached $35 million. Cash buyers made up 67% of land purchases.
Luxury. Sales above $5 million across all property types rose 31% to 59 transactions, totaling $562.6 million. The quarter’s top sale reached $50 million. Active luxury listings fell 32% to 75 and pending sales dropped 36% to 9 — the same tightening seen in the single-family market.
Graham Faupel Mendenhall is here to help you understand exactly what these trends mean for your specific real estate goals and to provide access to off-market listings and exclusive opportunities that aren't available to the general public.
Reach out to our team today for personalized market insights.
Graham Faupel Mendenhall
📞 307.690.0204
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