Crested Butte Real Estate Market Trends
October 2026 Snapshot
New Residential Listings
20
– 26% YOY
New Land Listings
31
-21% YOY
Months Supply of Inventory
9.5
+12% YOY
Residential Real Estate
| Gunnison County | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 33 | 39 | ▲ 18.2% |
| Sales Volume | $51.6M | $50.5M | ▼ 2.1% |
| Avg Sale Price | $1,562,858 | $1,294,056 | ▼ 17.2% |
| Median Sale Price | $677,500 | $720,000 | ▲ 6.3% |
| Avg Sold Price/SF | $702 | $587 | ▼ 16.4% |
| Avg Days on Market | 157 | 168 | ▲ 7.2% |
| Upper Gunnison Valley | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 22 | 20 | ▼ 9.1% |
| Sales Volume | $43.9M | $41.8M | ▼ 5.0% |
| Avg Sale Price | $1,996,832 | $2,087,625 | ▲ 4.5% |
| Median Sale Price | $1,227,916 | $1,372,500 | ▲ 11.8% |
| Avg Sold Price/SF | $842 | $842 | 0.0% |
| Avg Days on Market | 175 | 199 | ▲ 13.6% |
Residential Real Estate Trends We’re Seeing
For Sellers:
Pricing matters more this fall. The gap between asking and sold prices has widened, and modest concessions are showing up more often at closing. Listings priced in line with recent comparable sales are moving, while homes that start high tend to take longer to sell. In the Upper Valley, demand in the $1 million to $2 million range remains steady and values per square foot have held, so well-presented homes in that band continue to find buyers. Sellers in Mt. Crested Butte may see more interest in single-family homes, which made up a larger share of this year’s sales.
For Buyers:
The market offers more room to negotiate on terms than a year ago. Asking prices and final sale prices are further apart, and credits for closing costs or repairs are more common, so it is worth reviewing recent sold data before making an offer. The rise in entry-level sales, especially in the Gunnison area and the Quartz Creek Valley, shows there are options below $500,000 for buyers willing to look beyond the Upper Valley. In Crested Butte and Mt. Crested Butte, values have held firm, so buyers should expect pricing there to reflect sustained demand.
Land Real Estate
| Gunnison County | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 15 | 6 | ▼ 60.0% |
| Sales Volume | $6.3M | $0.8M | ▼ 87.5% |
| Avg Sale Price | $418,133 | $130,617 | ▼ 68.8% |
| Median Sale Price | $215,000 | $98,600 | ▼ 54.1% |
| Avg Days on Market | 412 | 64 | ▼ 84.4% |
| Upper Gunnison Valley | |||
| Metric | 2025 | 2026 | YOY % Difference |
|---|---|---|---|
| Total Sales | 10 | 1 | ▼ 90.0% |
| Sales Volume | $5.8M | $0.4M | ▼ 93.3% |
| Avg Sale Price | $575,700 | $385,000 | ▼ 33.1% |
| Median Sale Price | $426,000 | $385,000 | ▼ 9.6% |
| Avg Days on Market | 532 | 35 | ▼ 93.4% |
Land Real Estate Trends We’re Seeing
For Sellers:
Land activity was light this October, especially at higher price points and in the Upper Valley. Sellers of larger or higher-priced parcels may want to plan for a longer marketing period and price with current activity in mind. The Upper Valley lot that did sell closed quickly at full asking, which suggests that well-located, realistically priced homesites still attract buyers.
For Buyers:
With fewer land sales and less competition, buyers have time to evaluate options, particularly for larger acreage and premium parcels. Upper Valley homesites remain limited, and the one that sold this month went quickly at its asking price, so buyers focused on Crested Butte-area lots should be ready to act when the right property comes up.
Interested in buying or selling property in Crested Butte or GunnisonValley? We can help.
Contact us today to discuss your real estate goals.