The Aspen real estate market is showing surprising changes this August, and for the first time in years, buyers may finally have the advantage.

David Buck, realtor with Christie's International Real Estate, has released his first formal Aspen market report. The data reveals that while some neighborhoods remain strong, others are clearly moving toward a buyer's market.

Aspen Highlights

  • Single-family home sales dropped 50% year-over-year, with just 3 closings in August.

  • Median home prices fell a dramatic 62.6%, from $16.6M in 2024 to $6.2M in 2025.

  • Condo sales rose 10%, though prices dipped slightly to $3.45M.

With more than 17 months of inventory available, Aspen’s housing market now heavily favors buyers.

Basalt & Carbondale Trends

  • Basalt remained steady in sales, but prices rose 30% as demand pushed buyers outside of Aspen.

  • Carbondale single-family homes rose nearly 28% in median price, though condos dropped by over 30%.

  • Glenwood Springs surged with a 77% increase in sales, and remains a seller’s market with just 4.5 months of inventory.

  • Snowmass Village posted a 37% increase in home values, with the median now at $10.8M, while condos stayed more affordable around $2M.

Other Market Notes

  • Missouri Heights saw sales cut in half and prices fall 42%.

  • Old Snowmass surged, with sales up 150% and prices more than doubling.

  • Woody Creek had limited sales but remains highly desirable, with median prices at $11.3M.

Key Takeaway

For buyers, Aspen and much of the Roaring Fork Valley now present rare opportunities—especially in single-family homes and condos with elevated inventory levels. Sellers may need to adjust pricing and expectations as market conditions continue to shift.

📞 For more information about Aspen or Hawaii real estate, contact David Buck at 808-371-3509.