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Jackson Hole Real Estate Market Update: What to Expect in 2025

Colby Murphy

07/23/25


Jackson Hole has long captured the imagination of outdoor enthusiasts, vacation-home seekers, and luxury buyers drawn to its rugged splendor and Western charm. Looking ahead to the rest of 2025, this iconic destination is shifting in response to broader market forces, lifestyle changes, and economic momentum. If you're considering buying, selling, or simply keeping an eye on the real estate trends in this one-of-a-kind region, you’ll want to know what’s coming next.

Continued Demand for Scenic Mountain Properties

Buyers are still drawn to Jackson Hole real estate for many of the same reasons as before: pristine landscapes, year-round outdoor recreational opportunities, and access to world-renowned ski slopes. In 2025, those motivators aren’t going anywhere, but the buyer profile is evolving. You're likely to see more remote workers, creative professionals, and entrepreneurs eyeing Jackson Hole real estate, not only as a prime vacation destination but as a year-round base.

Second-home buyers will still play a central role, with many prioritizing functionality and livability. In-demand properties include features like home offices, private outdoor spaces, and layouts that support both work and leisure. Those sweeping Teton views are as desirable as ever, and they’re paired with practical upgrades that suit modern living.

Inventory is expected to remain tight, but strategic sellers who list early in the year could attract a broader pool of interest. If you’re thinking about selling your home in Jackson Hole, 2025 may offer the perfect mix of motivated buyers and favorable pricing, especially for homes in move-in-ready condition with timeless mountain architecture and sleek amenities.

Low Inventory and High Buyer Motivation

Year over year, one of the most persistent themes in Jackson Hole’s real estate landscape is low inventory. Buyers face limited options and high competition across nearly every price point. High building costs, limited land availability, and zoning restrictions all contribute to the supply squeeze. This keeps pressure on prices and makes well-maintained, well-presented listings even more competitive.

What does this mean for you? If you're buying a home in Jackson Hole, be prepared to act quickly and have your financing lined up ahead of time. Cash offers are common, and properties in desirable areas rarely stay on the market long.

For sellers, the lack of inventory can work in your favor, especially if you have a unique property with custom finishes, panoramic views, or proximity to ski lifts and trail systems. A thoughtfully prepared listing, compelling professional photography, and a solid pricing strategy aligned with recent comps can give your home a clear advantage in the Jackson Hole real estate market. After all, the emphasis has shifted slightly — from luxury at all costs to value-driven purchases that combine aesthetics with functionality. Buyers are looking closely at price per square foot and long-term investment potential.

Luxury Design Trends Shaping Homes in Jackson Hole

In 2025, high-end home design in Jackson Hole continues to evolve with a fresh balance between rugged natural elements and elevated modern comforts. Whether you're updating your current residence or looking to buy, understanding these trends can help you create a stunning space that feels timeless, refined, and highly livable in a mountain environment.

One of the most prominent shifts is a move toward organic sophistication; think hand-hewn wood beams, native stone fireplaces, and reclaimed materials paired with sleek lighting, custom cabinetry, and artistic tilework. Luxury design in Jackson Hole real estate doesn't try to compete with the landscape. Instead, it embraces it with muted color palettes, layered textures, and natural finishes to enhance the connection between indoor and outdoor spaces.

Oversized windows and retractable glass walls are increasingly popular, maximizing the awe-inspiring views of the Tetons and allowing ample natural light to fill each room. Open-concept layouts remain in high demand, and they now include zoned living areas that offer flexible use without sacrificing flow. Homebuyers are also seeking gourmet kitchens with spacious islands, premium appliances, and wine storage that blends seamlessly with the cabinetry.

In bathrooms and bedrooms, spa-inspired details are key: steam showers, soaking tubs, heated stone floors, and wellness-inspired spaces that promote relaxation and restoration. Textiles and furnishings tend to be minimalist yet inviting, using materials like mohair, linen, wool, and leather for comfort and visual warmth.

For outdoor living, heated patios, custom fire features, and covered dining areas are in high demand. Many luxury homeowners are adding built-in grills, hot tubs surrounded by beautiful landscaping, and integrated lighting to extend the use of these outdoor spaces year-round.

Whether you're building, renovating, or searching for your dream home in Jackson Hole, staying ahead of these design trends ensures your property feels both contemporary and classic — a reflection of the region’s one-of-a-kind lifestyle.

Timing, Strategy, and Perspective

As 2025 progresses, the Jackson Hole real estate market remains as captivating — and competitive — as ever. Whether you're looking to purchase a mountain retreat, sell a well-positioned home, or invest in a property, your approach will define your success.

Now is a great time to evaluate your goals, review market data, and start conversations with professionals who know the ins and outs of Jackson Hole real estate. The market may be evolving, but the region’s allure is unwavering.

With thoughtful timing and a strategy tailored to your needs, 2025 could be your most rewarding year yet in this iconic destination. Connect with top-producing agent Colby Murphy if you’re ready to explore everything that the real estate market in Jackson Hole has to offer.



Colby Murphy

Colby Murphy

About the Author

Born in the land of the Delta Blues, Colby Murphy grew up as a nationally ranked cyclist and avid outdoorsman. Colby's addiction for competition took his amateur cycling career through college, capturing silver at the USAC National Championship and a spot on Team USA for the 2013 UCI World Championships in Auckland, New Zealand. While attending Middle Tennessee State University, Colby volunteered coaching youth athletes in addition to interning with the D1 NFL Combine Camp in Nashville, Tennessee. It was freshman year when Colby was exposed to the magic of Jackson Hole. Instantly attracted, he began splitting his time to ski Jackson every year thereafter.

Upon publishing research in the International Journal of Exercise Science and receiving his bachelor’s degree, Colby immediately relocated to Southern California in pursuit of his professional cycling career. Once retired from competition, Colby quickly found himself as a top producing sales professional serving owners of high end luxury real estate in areas of San Diego including Rancho Santa Fe, La Jolla, and Coronado. With his affection for luxury property, history with Jackson Hole, and prior connection to Christie's International Real Estate, Colby saw a clear path and executed a move to Jackson. In his spare time, he now enjoys turning laps at Jackson Hole Mountain Resort and giving back at Jackson Hole Therapeutic Riding Association.

Colby is fortunate to have been raised around admirable examples of what drive, tenacity and resilience can yield. His father, a self-made entrepreneur, and uncle, an owner of the Christie's affiliate brokerage in San Miguel de Allende and Mexico City, both inspired Colby's ambitions from an early age.

Now, Colby has positioned himself among some of the most respected networks in the industry. He feels proud and blessed to have established relationships with multiple Christie’s affiliate owners and associates spanning multiple cities, states, and countries. Colby has also recently become a member of REALM™, the first globally collaborative real estate collective designed to empower the real estate professional by curating new relationships and matching qualified buyers based on lifestyle experiences and passions rather than search criteria.

In a market where there are as many agents as annual transactions, Colby represented clients from Australia, the UK, Mexico, and several U.S. states in his first year alone. He applies the principles and work ethic he learned through sport and his impressive circle of mentors to ensure he creates the highest value for his clients. Always elevating, always seeking excellence, his acquired values and attributes provide a successful combination that will ensure your selling or buying experience is a win.

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Colby applies the principles and work ethic he learned through sport and his impressive circle of mentors to ensure he creates the highest value for his clients.

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