December 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 December 2025 Market Update dives into November sales throughout Gunnison County and the Upper Gunnison Valley as we compare real estate sales year over year.

November 2025 Review

 Gunnison County

Residential sales dipped 17% year over year last month while land sales saw a 57% increase compared to 2024. The average home price county-wide declined 32% to $910,479, while the average sale price for land in November was $823,114 – which is reflecting a record breaking sale that has been long in the making. 

TBD Prospect Drive is 4 development parcels spread over 178 acres at the top of Prospect Subdivision. This property went under contract in 2021 and officially closed last month for $12,000,000. The potential development is comprised of 53 acres of developable land and has PUD approval for up to 160 total units, with a mix of residential, commercial, and parking. 

Upper Gunnison Valley

Last month, 52% of residential transactions and 73% of residential sales volume was in the upper Gunnison Valley. Similarly, 55% of land transactions were north of Almont which was 95% of the total land volume sold county-wide. As of November 1st, there are 56 properties under contract in the Upper Gunnison Valley, totaling over $64M in volume.

Active Listings

CRESTED BUTTE SOUTH
0 Single Family Homes (-3)
6 Condos/Townhomes (+1)

*Change from previous month in parenthesis. Active listings as of 11/1/25.

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.