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Featured local agent — Basalt, CO
Sarah Mitchell
Compass Real Estate · Basalt, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Basalt, CO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$780,000median sale price
How is the Basalt, CO housing market right now?
The median home sale price in Basalt, CO is $780,000, down 60.6% year-over-year. Homes sell in an average of 29 days with 54 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 Basalt a buyer's or seller's market?
Basalt, CO is currently a buyer's market, based on 7.7 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
29
Average pace
Active listings
54
7.7 months supply
Sale-to-list
96.8%
Below asking
What does the Basalt housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $780,000 |
| Median list price | $1.27M |
| Year-over-year price change | -60.6% |
| Average days on market | 29 days |
| Active inventory | 54 listings |
| Months of supply | 7.7 months |
| Sale-to-list price ratio | 96.8% |
| Median price per sq ft | $983/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 14 |
| Listings with a price cut | 5.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Basalt by property type?
How the Basalt, CO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $715,000 | $938/sq ft | 6 | 28 days |
| Townhouse | $1.27M | $618/sq ft | 2 | 23 days |
Source: Redfin · Updated monthly
The Basalt housing market is currently classified as a buyer's market with a median sale price of $780,000. Prices have fallen 60.6% compared to last year, with homes spending an average of 29 days on market, indicating 7.7 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 13.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Basalt
There are currently 54 homes listed for sale in Basalt, Colorado. The median listing price is $1.3M.
Active listings
54
Homes on market
Median list price
$1.3M
Avg. days on market
29
Days until sale
New this week
14
Newly listed
Who lives in Basalt?
Population
3,995
Median income
$106,000/yr
Median age
43.6 years
Owner-occupied
58.2%
College grads
59.3%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Basalt?
Zillow home value
$1.44M
Zillow rent index
$5,017/mo
Price-to-rent ratio
24.0x
Price-to-income
13.6x
Source: Zillow Research
What is it like to live in Basalt?
Basalt is a community of approximately 4K residents with a median age of 43.6 years.The median household income is $106,000, which reflects a relatively affluent area with strong earning potential. 59.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 58.2%, showing a blend of owner and renter-occupied properties. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Basalt offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Basalt?
3 schools tracked · 1,341 students
The largest public schools serving Basalt, 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.
Basalt Elementary School
Grades PK-4 · 532 students
Basalt High School
Grades 9-12 · 417 students
Basalt Middle School
Grades 5-8 · 392 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 Basalt, CO?
Want a head-to-head view? Compare Basalt side-by-side with any other U.S. city using our market-comparison tool.
Is Basalt a good real estate investment market?
For investors evaluating Basalt, the price-to-rent ratio of 24.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 60.6% 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 Basalt's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Basalt's median home price.
Frequently asked questions
What is the average home price in Basalt?
The median home sale price in Basalt is $780,000, down 60.6% from last year.
How long do homes stay on market in Basalt?
Homes typically spend 29 days on market before going under contract.
What is the median income in Basalt?
The median household income is $106,000 per year.
Is Basalt a buyer's or seller's market?
With 7.7 months of supply, Basalt is currently a buyer's market.
What is the Zillow home value estimate for Basalt?
The Zillow Home Value Index (ZHVI) for Basalt is $1.44M, representing the typical home value in the area.
What is the median condo price in Basalt?
The median condo/co-op sale price in Basalt, CO is $715,000, based on the latest Redfin data.
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