Crested Butte Real Estate Market Trends
September 2026 Snapshot
New Residential Listings
46
+ 12% YOY
New Land Listings
16
+ 14% YOY
Months Supply of Inventory
10.2
+ 15% YOY
Residential Real Estate
| Gunnison County | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 59 | 45 | ▼ 23.7% |
| Sales Volume | $80.6M | $66.1M | ▼ 17.9% |
| Avg Sale Price | $1,366,138 | $1,469,978 | ▲ 7.6% |
| Median Sale Price | $875,000 | $952,500 | ▲ 8.9% |
| Avg Sold Price/SF | $666 | $670 | ▲ 0.6% |
| Avg Days on Market | 113 | 110 | ▼ 2.8% |
| Upper Gunnison Valley | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 35 | 25 | ▼ 28.6% |
| Sales Volume | $61.5M | $51.8M | ▼ 15.7% |
| Avg Sale Price | $1,756,250 | $2,073,040 | ▲ 18.0% |
| Median Sale Price | $1,560,000 | $1,575,000 | ▲ 1.0% |
| Avg Sold Price/SF | $836 | $891 | ▲ 6.6% |
| Avg Days on Market | 130 | 96 | ▼ 25.9% |
Residential Real Estate Trends We’re Seeing
Sellers:
Values are holding. Price per square foot hasn’t moved in a year, so a well-prepared home can expect to sell close to what comparable homes sold for, though not at a premium over them. Pricing matters more at the start of a listing than it did a year ago. Fewer homes are selling at or above their original asking price, which suggests buyers are measuring list prices closely against recent sales.
In the Upper Valley, homes are selling faster on average, and the top of the market is active. A Crested Butte or Mt. Crested Butte home that is priced in line with the market is likely to find a buyer without an extended wait. Concessions show up in about the same share of sales as last year, so they remain a normal part of some transactions rather than a sign of broad pressure on sellers.
Buyers:
Steady prices also mean there’s no broad discount to wait for. Most homes are selling modestly below their original asking price, so asking prices are a reasonable starting point. Outside the Upper Valley, homes are taking somewhat longer to sell, which leaves more time to weigh options. In Crested Butte and Mt. Crested Butte, well-priced homes are moving more quickly, so buyers there are better served by having financing and decisions lined up before they find the right property.
Land Real Estate
| Gunnison County | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 16 | 12 | ▼ 25.0% |
| Sales Volume | $5.4M | $2.6M | ▼ 51.0% |
| Avg Sale Price | $337,750 | $220,625 | ▼ 34.7% |
| Median Sale Price | $273,500 | $97,500 | ▼ 64.4% |
| Avg Days on Market | 148 | 142 | ▼ 3.9% |
| Upper Gunnison Valley | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 8 | 3 | ▼ 62.5% |
| Sales Volume | $4.2M | $1.6M | ▼ 63.3% |
| Avg Sale Price | $528,375 | $517,333 | ▼ 2.1% |
| Median Sale Price | $472,500 | $510,000 | ▲ 7.9% |
| Avg Days on Market | 186 | 153 | ▼ 18.1% |
Land Real Estate Trends We’re Seeing
Sellers:
Upper Valley land is holding its value, though few lots are trading. With a small number of buyers in the market at any given time, the right buyer can take a while to appear. Time on market eased this year but remains long, so patience and a realistic timeline are part of selling land here. The countywide land statistics are mostly made up of outlying parcels, so they aren’t a reliable guide to what a Crested Butte area lot is worth. Recent sales of similar lots are the better reference.
Buyers:
The sharp drop in the countywide median land price reflects which parcels sold. Most of this month’s land sales were smaller outlying parcels, and it does not mean lots near Crested Butte got cheaper. Upper Valley lots are holding their prices, with few sales and limited turnover. Across all areas, land tends to stay on the market for months.
Interested in buying or selling property in Crested Butte or GunnisonValley? We can help.
Contact us today to discuss your real estate goals.