November 2025 Market Update

The Crested Butte Collection Market Update is your source for the latest real estate trends throughout Crested Butte and the Gunnison Valley. Our November 2025 Market Update dives into October sales throughout Gunnison County and the Upper Gunnison Valley as we compare real estate sales year over year.

October 2025 Review

 Gunnison County

Last month, residential sales volume was 12% higher than in 2024 and 29% higher for land sales, despite less transactions in both segments due to impressive jumps in property values. The county-wide average sold price of homes was $1.6M and $428K for land last month.

The highest sale in October was 188 Bethel Road, a 7 bedroom, 9,147 SF home in the Smith Hill Ranches subdivision, which sold for a record-breaking $11,915,000 or $1,303/SF. This sale is the fourth highest sale in Gunnison County and the highest sale to date in the upper Gunnison Valley.  The highest land sale was 227 Phoenix Way, a 35.2 acre parcel also located in Smith Hill Ranches, which sold for $2,000,000 or $56,818/AC.

Upper Gunnison Valley

Last month, 69% of residential transactions and 86% of residential sales volume was in the upper Gunnison Valley. Similarly, 64% of land transactions were north of Almont which was an incredible 91% of the total land volume sold county-wide. As of October 4th, there are 73 properties under contract in the Upper Gunnison Valley, totaling over $83M in volume.

Active Listings

CRESTED BUTTE SOUTH
3 Single Family Home (-2)
8 Condos/Townhomes (+1)

*Change from previous month in parenthesis. Active listings as of 10/4/25.

All reported statistics were sourced from CREN MLS and not necessarily listed/sold by Crested Butte Collection. Commercial sales were excluded. Information is intended only to show real estate market trends in the area.