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The phrase "absurdly expensive" is correct and usable in written English.
You can use it to describe something that is excessively costly or overpriced.
Example: "The new smartphone model is absurdly expensive, making it difficult for many consumers to afford."
Alternatives: "ridiculously pricey" or "outrageously costly."
Exact(60)
Cocktail parties are absurdly expensive.
Ours is an absurdly expensive pastime.
Housing, after all, is absurdly expensive, even for the rich.
Also, it was absurdly expensive: used copies sold for £130.
"Burial plots are absurdly expensive nowadays," said a retired public servant leaving the hall last Sunday.
College textbooks are absurdly expensive, but you can rent them at Bookrenter or Chegg.
While seafront properties can be absurdly expensive, rates fall a block or two from the ocean.
Sixty years after Sputnik blasted into space, escaping our atmosphere remains absurdly expensive.
Also, to build enough indoor farms for millions, or billions, of people would be absurdly expensive.
He argues that project is "reckless and absurdly expensive", and so it is.
Car hire firms make their profits by selling add-ons, which can be absurdly expensive.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com