Teton Village's 25 Luxury Listings Over $5 Million: The Best Place To Ski For The Ultra-Wealthy

Teton Village, Wyoming, is the nation’s third-most expensive ski market, with one-third of its available homes priced above $5 million, according to new data from Realtor.com.

Among the village’s 75 active listings, 25 properties carry price tags exceeding $5 million. The exclusive mountain community sits at the base of Jackson Hole Mountain Resort, which receives 450 inches of annual snowfall and attracts skiers seeking its expert-level terrain.

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The Wyoming enclave ranks behind only Telluride and Aspen in the concentration of ultra-luxury properties. Telluride leads with 38.5% of listings above $5 million, while Aspen follows at 36.9%.

“Three of these ski towns have a third or more of their for-sale listings on the market for $5 million or more,” said Joel Berner, senior economist at Realtor.com. “Telluride, Aspen and Teton Village are no strangers to the luxury segment, but for context, just 0.6% of all home listings nationwide are priced above that threshold.”

Jackson Hole Mountain Resort’s reputation for challenging runs and deep powder drives high-end real estate demand. The resort’s expert terrain attracts wealthy ski enthusiasts seeking slope-side access.

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The mountain real estate boom extends beyond Teton Village. Neighboring Jackson, Wyoming reports 77 listings above $5 million, representing 23.3% of the town’s inventory. Jackson’s appeal stems partly from Wyoming’s favorable tax policies – the state charges no income tax and maintains low property tax rates.

Big Sky, Montana, ranks fourth nationally, with 24.1% of listings exceeding $5 million. The resort town’s 5,850 acres of skiable terrain and proximity to Yellowstone National Park have transformed it into a luxury destination.

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Park City, Utah – home of the Sundance Film Festival – rounds out the top Western ski markets with 331 listings above $5 million. The historic Main Street and 7,300 acres of varied terrain at Park City Mountain Resort continue attracting wealthy buyers.

The concentration of multimillion dollar homes in mountain towns reflects limited buildable land and sustained demand from affluent buyers seeking premium ski access. While the broader U.S. housing market sees just 0.6% of listings priced above $5 million, the above alpine enclaves have become strongholds of ultra-luxury real estate.

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