Basalt single-family median and average prices moved in opposite directions

Basalt single-family sales rose from 12 to 18 in January-August 2026 versus the same 2025 period. The median rose 13.0% to $2,518,900, while the average fell 5.4% to $3,124,017.

Our source-linked research report includes the tables, aggregate data download and calculation notes. The analysis uses the official August 2026 Aspen/Glenwood Springs MLS Local Market Update, comparing January-August 2026 with the same months of 2025 and keeping August supply measures separate.

Six transactions account for the 50% sales increase

Basalt recorded 18 single-family closed sales through August 2026, compared with 12 a year earlier. The 50.0% increase represents six additional transactions. Showing both the count and percentage makes the scale of this small market clearer.

New listings increased from 49 to 54, while days on market until sale fell from 209 to 159. The 50-day difference describes the homes that closed in the respective periods; it cannot forecast the time required to sell a currently listed home.

The median rose while the average fell

The median sale price rose from $2.23 million to $2,518,900, a 13.0% increase. The average moved the other way, from $3,303,750 to $3,124,017, down 5.4%. These are two summaries of the same reported property category, not competing answers to an individual valuation question.

The median describes the midpoint of the sale-price distribution. The average uses all reported sale prices and is more affected by high or low transactions. Their opposing movements show why a single price statistic is incomplete. The aggregate report does not identify which sales changed the distribution.

More August inventory adds another dimension

August inventory rose from 35 to 45 homes, or 28.6%, and reported months supply increased from 14.3 to 15.9. That rise occurred alongside more year-to-date completed sales and a shorter reported marketing period. The measures describe different parts and time frames of the market.

A seller can use this combination to guide a review of current competition, recent comparable closings and where their property sits within the broader price distribution. A buyer should inspect those same property-level differences instead of treating the higher median as a required offer-price adjustment.

Frequently Asked Questions

How large was the increase in Basalt single-family sales?

Six additional transactions, from 12 to 18, produced the reported 50.0% increase.

Did both price measures rise?

No. The median rose 13.0%, while the average fell 5.4%.

Does the report explain the opposing price changes?

It shows the aggregate results but does not supply the transaction-level composition needed to establish the cause.