Crested Butte Real Estate Market Trends
Crested Butte real estate moves fast, and the details matter. This page is the home for our monthly market updates – pricing, inventory, days on market, and contract activity across Crested Butte, Mt. Crested Butte, Crested Butte South, and the surrounding Gunnison Valley. If you want help interpreting what the latest numbers mean for your specific property or price point, reach out and we’ll walk through it.
May 2026 Snapshot
New Residential Listings
50
0% change YOY
New Land Listings
31
▼ 11%
Months Supply of Inventory
7.6
▲ 29%
Residential Real Estate
May 2025 vs May 2026
| Gunnison County | |||
| Metric | 2025 | 2026 | Change |
| Total Sales | 32 | 34 | ▲ 6.2% |
| Sales Volume | $29.5M | $35.2M | ▲ 19.4% |
| Avg Sale Price | $921,547 | $1,035,676 | ▲ 12.4% |
| Median Sale Price | $763,750 | $689,000 | ▼ 9.8% |
| Avg Sold Price/SF | $535 | $573 | ▲ 7.1% |
| Avg Days on Market | 149 | 159 | ▲ 6.7% |
| Upper Gunnison Valley | |||
| Metric | 2025 | 2026 | Change |
| Total Sales | 15 | 18 | ▲ 20.0% |
| Sales Volume | $17.9M | $25.4M | ▲ 42.2% |
| Avg Sale Price | $1,191,033 | $1,411,000 | ▲ 18.5% |
| Median Sale Price | $845,000 | $810,000 | ▼ 4.1% |
| Avg Sold Price/SF | $677 | $739 | ▲ 9.2% |
| Avg Days on Market | 167 | 215 | ▲ 28.6% |
Source: CREN MLS — Gunnison-Crested Butte Association of REALTORS®. Residential sales only. Market intelligence by AgentCOS.
Residential Real Estate Trends We’re Seeing
The market has shifted from seller-dominated to balanced/selective buyer market. As average days on market increase, buyers are making moves that are more rational, strategic, and selective.
Seller Tips:
- Pricing is everything now. Overpriced properties are sitting while properly priced homes are still selling quickly (<90 days).
- First impressions matter. Presentation, staging, and photography directly impact days on market.
- Expect negotiation.
- The luxury market is strong, but selective.
Buyer tips:
- You have leverage again. Inspection, contingencies, and timing matter.
- Longer days on market result in more opportunity to compare properties and wait for the right fit.
- The best priced properties are still moving quickly. Opportunities for a “deal” exist in overpriced listings, stale inventory, and unique properties.
Land Real Estate
May 2025 vs May 2026
| Gunnison County | |||
| Metric | 2025 | 2026 | Change |
| Total Sales | 12 | 8 | ▼ 33.3% |
| Sales Volume | $7.4M | $2.2M | ▼ 70.2% |
| Avg Sale Price | $618,917 | $277,063 | ▼ 55.2% |
| Median Sale Price | $425,000 | $205,000 | ▼ 51.8% |
| Avg Days on Market | 530 | 155 | ▼ 70.7% |
| Upper Gunnison Valley | |||
| Metric | 2025 | 2026 | Change |
| Total Sales | 6 | 3 | ▼ 50.0% |
| Sales Volume | $5.2M | $0.9M | ▼ 83.6% |
| Avg Sale Price | $870,833 | $285,000 | ▼ 67.3% |
| Median Sale Price | $1,000,000 | $220,000 | ▼ 78.0% |
| Avg Days on Market | 922 | 174 | ▼ 81.2% |
Source: CREN MLS — Gunnison-Crested Butte Association of REALTORS®. Land sales only. Market intelligence by AgentCOS.
Land Real Estate Trends We’re Seeing
Land sales are softer than residential properties with longer days on market, but we saw land sales double YOY in April. Additionally, median land prices rose 35% to $1M north of Almont with a 38% drop in DOM, showing a stronger demand in the upper Gunnison Valley.
Seller Tips:
- Pricing discipline is even more critical than homes
- The buyer pool is smaller and more analytical
- Expect longer timelines
- Premium lots still perform, but selectively
Buyer Tips:
- The land market is currently favoring buyers
- Due diligence is important
- Building costs are shaping decisions