TREG 2025 Year-End Review: The Numbers Tell the Story

Hi, Delwyn here with Teton Real Estate Group. We are excited for the start of a new year with you all. While I am not one for formal New Year’s resolutions, I do appreciate the sense of renewal a new year brings. It is a natural opportunity to reflect on what worked, what didn't, and what may need adjustment. It also gives a numbers nerd like me the perfect excuse to dig into the details of the Teton Valley, Idaho Real Estate Market, and see what truly drove it.

Below is my analysis of the 2025 year-end figures and what they mean. If you enjoy this level of detail or want a deeper look at specific market segments, I would be happy to discuss it with you. Please keep in mind that all numbers below reflect residential homes, condos, and townhomes located in Teton County, Idaho only. Land and commercial properties are not included. Data from the Teton Board of Realtor MLS. 

Supply / Inventory = More Choices for Buyers, More Competition for Sellers

At the end of the year, active listings in December totaled 171 in 2025 compared to 165 in 2024, a 3.6 percent increase. On an annual basis, 2025 inventory was up 13.3 percent over 2024, slightly lower than the 14.4 percent growth seen from 2023 to 2024.

This was welcome news for buyers, who had more options and less pressure to make rushed decisions. Sellers, on the other hand, faced more competition. Homes that were priced correctly and marketed well sold. Homes that were not are still on the market.

Demand / Sales: Pending Sales Rose, and Closed Sales Jumped

Pending sales increased to 280 in 2025 from 240 in 2024, a 16.7 percent increase. Closed sales rose even more sharply, jumping 23.3 percent to 275 in 2025 compared to 223 in 2024.

Once buyers put a home under contract, they followed through. Of the 280 pending sales in 2025, only five did not close, resulting in a 98 percent close rate. In 2024, 17 homes fell out of contract, giving that year a 92 percent close rate. While these figures do not account for contracts written late in 2025 that will close in 2026, comparing consistent data sets year over year helps smooth out anomalies.

The most surprising shift was total dollar volume. 2025 closed with a 40 percent increase over 2024, totaling $323,489,964 compared to $231,060,744. The last time we saw growth at this scale was 2022, which posted a 34.8 percent increase over 2021. For context, 2021 experienced an 81.6 percent increase over 2020. Comparing today’s market conditions to the COVID-era is not a useful comparison, though it does provide perspective on how extraordinary that period was.

One notable takeaway is that every year since 2022, with the exception of 2025, total sales volume has declined by an average of roughly 9 percent per year.

Average and Median Sales Price: Rising Averages, Stable Medians

With a 40 percent increase in sales volume but only a 23 percent increase in the number of homes sold, the Average Sales Price increased accordingly. The average price rose 14.8 percent, from $1,016,587 in 2024 to $1,166,652 in 2025.

The Median Sales Price, however, remained essentially flat. It increased just 0.5 percent, from $789,583 in 2024 to $793,533 in 2025. This difference matters. The average price can be heavily influenced by outlier sales, such as a $10,000,000 transaction, while the median reflects the middle of the market. I view the median as the best indicator of a typical home. In Teton County, that number sits right around $800,000.

For buyers, what this means depends on what you are shopping for. A flat median price is encouraging for buyers focused on the middle of the market, as it suggests stability and room to negotiate thoughtfully. Buyers pursuing higher-end homes faced a different reality. Rising averages indicate that upper-tier homes became more expensive in 2025.

The market segment that experienced the largest price growth was homes priced between $1.5 million and $2.499 million, which saw a 10 percent increase. Homes priced above $2.5 million saw a 107 percent increase in total sales and a 120 percent increase in total sales volume. The only segment that did not see growth in both sales count and volume was homes priced below $1 million, which declined across nearly every metric except active listings.

Other Interesting Market Stats

• Sellers received an average of 94.7 percent of their original list price, unchanged from 2024.

• Average days on market increased 13.3 percent, from 134 days to 152 days.

• Median days on market increased 9.1 percent, from 102 days to 111 days.

• 2025 ended with 21.38 months of inventory, an 81 percent increase over year-end 2024. While this figure can fluctuate significantly month to month, the annual average was 9.62 months, representing only a 6 percent increase year over year.

Bottom Line for 2026

2025 was a year of renewed momentum. Buyer and seller activity returned in force, with more listings, more pending sales, more closings, and higher overall dollar volume. While median pricing remained steady, reduced activity in homes priced under one million dollars and increased activity above one million dollars pushed average prices higher.

If you are buying or selling in 2026, the playbook is simple.

Buyers: Be patient, but be ready when the right opportunity appears.

Sellers: Price your home realistically and make sure it shows well.

If you want to talk through what these numbers mean for you, let’s chat. Whether you are actively planning a move or just starting to think ahead, I am always happy to walk through the data, answer questions, and help you build a smart, informed strategy. I will tell you what the numbers say, what they mean for your situation, and what I would do if it were my money.

2025 Teton Valley Real Estate Market Summary Chart for Homes, Townhomes, and Condos.