Aspen Intel · Market Intelligence

Aspen Snowmass Real Estate Market Report: Third Quarter 2026 Update

Q: What changed through September?

The top held, volume fell, and condos went the other way. January–September 2026 vs. 2025: top sale of 2026 was $91.3 million on Placer Lane (Pitkin County Assessor); Aspen single-family dollar volume $836 million, down 24%, on 54 sales vs. 59; Aspen single-family median $11.28 million, down 24%, with 213 average days on market vs. 153 and 92% of original list price; Aspen condo and townhome median $3.86 million, up 17%, dollar volume up 6%; Snowmass Village single-family 16 sales vs. 29, median $8.35 million, up 1%; Snowmass Village condos and townhomes 47 sales vs. 70, median $2.05 million, flat. Source: Aspen Board of Realtors MLS. The Christie's third-quarter report is coming soon.

Q: What is the short version?

Fewer sales, firm prices. Buyers are taking longer and negotiating harder, but values for the best properties are holding, and Snowmass Village set five-year highs.

Q: How did Aspen single-family homes do?

Prices eased from last year's highs; sales slowed sharply. Median sale price $12.55 million, down 15%; average $15.20 million, down 10%. 27 closed sales, down 37%; dollar volume $410 million, down 44%. 228 average days on market; sellers received 92% of original list price. Top sale: $42 million.

Q: How did Aspen condos and townhomes do?

The median price reached a five-year high. Median sale price $3.39 million, up 3%; average down 2%. Closed sales down 13%; dollar volume down 14%. 270 average days on market, the longest in five years; sellers received 95% of original list price. Top sale: $28 million.

Q: How did Snowmass Village single-family homes do?

The median price hit a five-year high. Median sale price $8.60 million, up 17%; average up 2%. Closed sales down 28%; dollar volume down 26%. 195 average days on market; sellers received 94% of original list price. Top sale: $15.25 million.

Q: What is driving the market?

Wealth, not mortgage rates. Aspen is one of the most supply-constrained luxury markets in the country, and demand follows equity markets and wealth creation.

Updated October 17, 2026 with January–September 2026 figures, compared with the same nine months of 2025. Source: Aspen Board of Realtors Multiple Listing Service; top sale per Pitkin County Assessor. The Christie's International Real Estate Aspen Snowmass third-quarter report is coming soon. I'll post it here the day it's released.

Q. What changed through September?

A. The top held, volume fell, and condos went the other way.

Top sale of 2026: $91.3 million on Placer Lane (Pitkin County Assessor)
Aspen single-family dollar volume $836 million, down 24%, on 54 sales vs. 59
Aspen single-family median $11.28 million, down 24%; 213 average days on market vs. 153; sellers received 92% of original list price
Aspen condos and townhomes: median $3.86 million, up 17%; average up 24%; dollar volume up 6%, on 66 sales vs. 77
Snowmass Village single-family: 16 sales vs. 29; median $8.35 million, up 1%
Snowmass Village condos and townhomes: 47 sales vs. 70; median $2.05 million, flat

Second Quarter 2026: Christie's Report

Released July 28, 2026 by Christie's International Real Estate Aspen Snowmass, with economist Elliot F. Eisenberg, Ph.D. Figures cover sales through June 30, 2026, compared with the same period in 2025. Source: Aspen Board of Realtors Multiple Listing Service.

Q. What is the short version?

A. Fewer sales, firm prices. Buyers are taking longer and negotiating harder, but values for the best properties are holding, and Snowmass Village set five-year highs.

Q. How did Aspen single-family homes do?

A. Prices eased from last year's highs; sales slowed sharply.

Median sale price $12.55 million, down 15%; average $15.20 million, down 10%
27 closed sales, down 37%; dollar volume $410 million, down 44%
228 average days on market; sellers received 92% of original list price
Top sale: $42 million

Q. How did Aspen condos and townhomes do?

A. The median price reached a five-year high.

Median sale price $3.39 million, up 3%; average down 2%
Closed sales down 13%; dollar volume down 14%
270 average days on market, the longest in five years; sellers received 95% of original list price
Top sale: $28 million

Q. How did Snowmass Village single-family homes do?

A. The median price hit a five-year high.

Median sale price $8.60 million, up 17%; average up 2%
Closed sales down 28%; dollar volume down 26%
195 average days on market; sellers received 94% of original list price
Top sale: $15.25 million

Q. How did Snowmass Village condos and townhomes do?

A. Median price, average price and price per square foot all reached five-year highs.

Median sale price $2.35 million, up 31%; average up 10%; price per square foot up 7%
Closed sales down 35%; dollar volume down 28%
134 average days on market; sellers received 97% of original list price
Top sale: $12 million

Q. What is driving the market?

A. Wealth, not mortgage rates. Aspen is one of the most supply-constrained luxury markets in the country, and demand follows equity markets and wealth creation. As Dr. Eisenberg puts it, "You can't create much new supply, but you can certainly create more wealth."

Read the full Q2 2026 market report

Headlines describe the whole market. Your home's value depends on what has sold near it. Call me for current pricing in your neighborhood, or for homes selling privately.

Susan Plummer · Christie's International Real Estate Aspen Snowmass · 970-948-6786

Source: Christie's Second Quarter 2026 Aspen Snowmass Market Report