Data for the January 2025 Glenwood Springs housing market may be surprising at first glance — townhouses and condominiums seem to have risen in price while the cost of single family homes dropped. 

The median sales price of single family homes sold in the Glenwood Springs area code in January 2025 was $1,132,500, marking a 15% decrease from January 2024, while average sales price was $1,207,971, down 9.4%, according to data from the Aspen/Glenwood Springs MLS Inc. Report.

On the other hand, the median sales price for townhouses and condominiums in January 2025 was $497,500, a 23.6% increase from the previous year, while average sales price rose to $502,125, a 24.8% increase. 

However, Paige Haderlie, Board Chair of the Glenwood Springs Association of Realtors, points to the data’s small sample size, emphasizing that the number of properties sold plays a significant role in these fluctuations. 

In January 2024, only one single-family home sold in Glenwood Springs while seven sold in January 2025. The singular sale in January 2024 meant an average price could not be calculated.

“There was actually a split in what the sales prices were so it just changed the average,” Haderlie said, explaining why the cost of single-family homes seemed to drop in January 2025. “The exact opposite happened with the townhomes.”

In January 2024, two townhouses or condominiums were sold, compared to four in January 2025. Just one townhome or condo with a lower sale price was enough to decrease the average price in that category. 

Despite these figures, real estate prices in Glenwood Springs aren’t drastically rising, Haderlie said. After rapid inflation from 2020 through early 2024, the housing market is now stabilizing.

This trend is evident when looking at the rolling 12-month calculations for median sales prices of townhouses, condos and single-family homes for Glenwood Springs.

“They are definitely predicting, as a whole, that housing prices will stay steady and that is certainly the trend that we are seeing,” Haderlie said. “We’re not seeing anything that indicates that the housing market, specifically for Glenwood Springs, will be seeing a decline in housing prices.

“We are starting to see some rental rates drop, but again, nothing that’s substantial, it’s just an evening out from how quickly they had inflated,” she added. “Any decrease that we are seeing at this point is nothing to raise alarm.”