Wyoming Mountain Real Estate Market Update: September–October 2025
Wyoming Mountain Market Update: September–October 2025
Teton | Lincoln | Sublette Counties
As fall settles across the Tetons and the first snow dusts the high peaks, Wyoming’s real estate markets continue to show strength — with steady demand, limited inventory, and resilient pricing across Teton, Lincoln, and Sublette counties.
Here’s your end-of-season snapshot of what’s been happening on the ground.
🏔 Teton County (Jackson Hole)
Market Overview:
Teton County remains the flagship market for Wyoming luxury real estate, anchored by Jackson Hole’s unmatched lifestyle and limited inventory.
Through the end of September 2025:
317 closings year-to-date — up roughly 23% compared to 2024.
Total sales volume: around $1.48 billion, up 39% YoY.
Active listings: approximately 301, representing a 21% increase in inventory.
Median land sale price: $1.9 million, with land inventory up 10.7% year-over-year.
October Trends:
Inventory has eased slightly, giving buyers a bit more choice — but demand remains firm. Premium properties in prime Jackson Hole and Wilson locations continue to drive averages higher, while well-priced listings under $3 million are moving quickly.
Local Insight:
The market shows healthy balance heading into winter. Serious buyers should stay ready to act fast; sellers can capture premium pricing by listing ahead of the ski season.
🌄 Lincoln County (Star Valley & Alpine Region)
Market Overview:
Star Valley continues to attract buyers looking for proximity to Jackson Hole at a lower price point — and it’s reflected in pricing strength despite fewer transactions.
Median sale price: $574,900 (+17.5% YoY).
Closed sales: 29, down 14.7% from last year.
Median days on market: 72, roughly 28 days faster than 2024.
Typical home value (ZHVI): $501,605, up 2.1% YoY.
October Read:
Lincoln’s affordability and open-space appeal continue to draw new residents from Idaho and Utah, supporting long-term value. Slower unit volume suggests constrained inventory — not weak demand.
Local Insight:
If you’ve been waiting for a window to buy, autumn may be your chance before winter inventory tightens. For sellers, momentum remains on your side as qualified buyers seek value just south of Jackson.
🐎 Sublette County (Pinedale & Big Piney Corridor)
Market Overview:
Sublette’s rural charm and open landscapes appeal to ranch buyers, investors, and remote-work families seeking space — but small sample sizes make monthly shifts more dramatic.
Median sale price: $537,000 (-15.4% YoY).
Homes sold: 10 (up from just 1 last year).
Median days on market: 87, up from 45 last year.
Typical home value (ZHVI): $445,807 (+1.4% YoY).
Market Take:
Longer marketing times and modest price softening reflect a more balanced environment. Buyers have breathing room and negotiation power, while sellers benefit from steady rural-land interest and solid long-term fundamentals.
🪶 Regional Takeaways
Teton County: Still Wyoming’s powerhouse — strong buyer pool, steady inventory gains, luxury price resilience.
Lincoln County: Growing demand meets limited supply; attractive to both end-users and investors.
Sublette County: Value play with room to negotiate; ideal for land and lifestyle buyers.
💬 Looking Ahead
As we move into winter:
Expect inventory to tighten seasonally.
Watch interest-rate trends — potential late-year cuts could unlock new demand.
Quality listings will continue to outperform the market.
Whether you’re looking to buy, sell, or invest before year-end, the window for opportunity is open — especially in markets where lifestyle and land hold enduring value.
🏡 Let’s Talk Wyoming Real Estate
Looking to position your property or explore what’s next across the Tetons?
Reach out for a custom market analysis and strategy session.
Colby Carpenter
Licensed Wyoming Real Estate Agent
📍 Jackson Hole | Star Valley | Pinedale
📞 307-248-0244 ✉️ colbyc@kw.com