Is Jackson, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jackson has remained a Buyer's Market.
Key Takeaway
Jackson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jackson, WY
How much do homes in Jackson, WY cost?
Median Sold Price
$2,360,000
$1,055/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jackson have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Jackson was $2,360,000 in May 2024, up 2.6% from last year, and the median price per square foot was $1,055.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $774.5K | $1.1M | +44.3% |
| 2 Bedrooms | $1.3M | $1.1M | -14.0% |
| 3 Bedrooms | $2.2M | $2.3M | +8.9% |
| 4 Bedrooms | $3.3M | $3.0M | -10.4% |
| 5+ Bedrooms | $6.3M | $3.2M | -49.0% |
Summary: Jackson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.3%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 49%.
Median Sold Price Compared To Nearby Cities
| Jackson Hole | $2.0M | $2.1M | +5.6% |
| Jackson | $2.3M | $2.3M | +2.6% |
Housing Supply in Jackson, WY
How many homes are available in Jackson, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 101 | +17.4% |
Summary: The Jackson real estate market had 101 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 17 | 27 | +58.8% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Jackson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 58.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Jackson in May 2024, down by 16.7% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jackson, WY
How long does it take to sell a home in Jackson, WY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 156 Days | 167 Days | +7.2% |
Summary: Homes in Jackson had an average of 167 days on market in May 2024, up by 7.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jackson has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Jackson; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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