In July 2023, Aspen saw a dramatic 91.2% decrease in home prices from the previous year, with homes selling at a median price of $656K. Homes in Aspen, on average, were on the market for 18 days, a significant improvement from the 43-day average of the prior year. Furthermore, there was a slight increase in home sales, with 12 homes sold this July compared to 10 the previous year.

Aspen's housing market is moderately competitive. On average, homes are on the market for about 18.5 days before selling. While some properties receive multiple offers, most homes tend to sell at approximately 5% below their listing price and become pending in roughly 19 days. Highly sought-after homes, often referred to as "hot" homes, typically sell close to their list price and can go pending in as few as 6 days.

Aspen, Colorado, with a population of 11,019, is one of the most desirable places to reside in the state, offering a blend of urban and suburban living. The majority of Aspen's residents are homeowners. The town is renowned for its variety of amenities including bars, restaurants, coffee shops, and parks. Aspen's fame largely stems from its exceptional skiing opportunities, with four impressive ski areas in its vicinity: Aspen Mountain, Aspen Highlands, Buttermilk (popular among beginners), and the well-loved Snowmass Ski Resort.