The Jackson, WY metro area housing market in January 2025 presents a complex landscape with notable shifts in pricing and sales activity. The Median Sales Price has decreased to $1,150,000, reflecting a year-over-year decline of 3.4%. This downward trend in sales price is accompanied by a significant drop in the Median List Price, which has plummeted by 50.0% to $1,350,000. Despite these declines, the median Price Per Square Foot stands at $759.04, marking a 7.0% decrease from the previous year.

Conversely, the Median List Price per square foot has increased by 5.5%, reaching $1,072.40. This divergence between sales and list prices suggests a potential recalibration in seller expectations and market dynamics. The number of Homes Sold has risen by 21.7% year-over-year, totaling 28 units, while Pending Sales have increased by 15.4%, indicating sustained buyer interest despite pricing fluctuations.

New Listings have surged by 121.1%, with 42 properties entering the market, contributing to an overall inventory increase of 11.7%, now at 219 homes. This influx of New Listings has not translated into a proportional increase in Months of Supply, which has dramatically decreased by 70.0% to 7.8 months, suggesting a faster turnover rate and heightened market activity.

The Median Days on Market have extended by 9.0% to 105 days, indicating a slower pace in closing transactions. The average sale to list ratio remains unchanged at 0.0%, with no properties selling above the list price, highlighting a market where buyers hold more negotiating power. Price Drops have slightly increased by 2.1%, affecting 12.8% of listings, while the percentage of homes going off-market within two weeks has seen a marginal rise of 0.9%, now at 11.1%.

Overall, the Jackson, WY metro area housing market in January 2025 is characterized by declining prices and increased sales activity, with a notable rise in New Listings and inventory. The market dynamics suggest a shift towards a more balanced environment, where buyers may find more opportunities amid fluctuating prices and increased availability.