2024 Year End Market Report - Teton Valley
2024 will be remembered as the year Teton Pass collapsed, disrupting a crucial connection during the busy summer season. While the highway reopened in under a month, the Teton Valley real estate market faced challenges throughout the year, including high mortgage rates and limited inventory.
By year-end, transactions in Victor, Driggs, Tetonia, and Alta slipped slightly by 3.8% to 553 closings, with total sales volume down 14.6% to $373.7M. This marked the first time since the Covid boom that sales volume fell below $400M.
However, bright spots emerged:
Vacant land sales in Victor surged 28.7% compared to 2023.
Inventory grew 8.6%, with 316 active listings heading into 2025.
Properties under contract increased year-over-year, signaling a positive outlook for the new year.
The market is evolving — let’s connect to discuss what this means for your real estate goals in 2025!
