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Featured local agent — Aspen, CO
Sarah Mitchell
Compass Real Estate · Aspen, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Aspen, CO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.24Mmedian sale price
How is the Aspen, CO housing market right now?
The median home sale price in Aspen, CO is $2.24M, down 19.3% year-over-year. Homes sell in an average of 228 days with 121 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Aspen a buyer's or seller's market?
Aspen, CO is currently a buyer's market, based on 10.1 months of supply and homes selling in about 228 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
228
Average pace
Active listings
121
10.1 months supply
Sale-to-list
92.8%
Below asking
What does the Aspen housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.24M |
| Median list price | $1.93M |
| Year-over-year price change | -19.3% |
| Average days on market | 228 days |
| Active inventory | 121 listings |
| Months of supply | 10.1 months |
| Sale-to-list price ratio | 92.8% |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 9 |
| Listings with a price cut | 6.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Aspen by property type?
How the Aspen, CO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.84M | — | 2 | 325 days |
| Condo / Co-op | $2.10M | — | 9 | 61 days |
Source: Redfin · Updated monthly
The Aspen housing market is currently classified as a buyer's market with a median sale price of $2.24M. Prices have fallen 19.3% compared to last year, with homes spending an average of 228 days on market, indicating 10.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 43.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Aspen
There are currently 121 homes listed for sale in Aspen, Colorado. The median listing price is $1.9M.
Active listings
121
Homes on market
Median list price
$1.9M
Avg. days on market
228
Days until sale
New this week
9
Newly listed
Who lives in Aspen?
Population
6,862
Median income
$78,636/yr
Median age
41.7 years
Owner-occupied
59.4%
College grads
68.3%
Avg commute
14.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Aspen?
Zillow home value
$3.43M
Zillow rent index
$22,349/mo
Price-to-rent ratio
12.8x
Price-to-income
43.6x
Source: Zillow Research
What is it like to live in Aspen?
Aspen is a community of approximately 7K residents with a median age of 41.7 years.The median household income is $78,636, which reflects a relatively affluent area with strong earning potential. 68.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 59.4%, showing a blend of owner and renter-occupied properties. The average commute time is 14.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Aspen offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Aspen?
4 schools tracked · 1,417 students
The largest public schools serving Aspen, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Aspen High School
Grades 9-12 · 560 students
Aspen Elementary School
Grades PK-4 · 438 students
Aspen Middle School
Grades 5-8 · 391 students
Aspen Preschool
Grades PK · 28 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Aspen, CO?
Want a head-to-head view? Compare Aspen side-by-side with any other U.S. city using our market-comparison tool.
Is Aspen a good real estate investment market?
For investors evaluating Aspen, the price-to-rent ratio of 12.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 19.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Aspen's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Aspen's median home price.
Frequently asked questions
What is the average home price in Aspen?
The median home sale price in Aspen is $2.24M, down 19.3% from last year.
How long do homes stay on market in Aspen?
Homes typically spend 228 days on market before going under contract.
What is the median income in Aspen?
The median household income is $78,636 per year.
Is Aspen a buyer's or seller's market?
With 10.1 months of supply, Aspen is currently a buyer's market.
What is the Zillow home value estimate for Aspen?
The Zillow Home Value Index (ZHVI) for Aspen is $3.43M, representing the typical home value in the area.
What is the median condo price in Aspen?
The median condo/co-op sale price in Aspen, CO is $2.10M, compared to $3.84M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Aspen?
The median single-family home price in Aspen, CO is $3.84M.
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