Crested Butte Real Estate Market Trends
Closed Sales
22
▼ 12.0%
Median Sale Price
$742,500
▲ 20.7%
Median Days on the Market
86
▼ 12.2%
Gunnison Valley Real Estate
The $9.6M Record
March produced the highest single-property closing in the data set at $9,600,000 — 1251 Skyland Drive in Crested Butte. This sale alone accounts for 30.6% of total valley volume and shifts the CB & Upper Valley average sale price from $1.08M in February to $2.26M. The median — less influenced by a single transaction — moved from $600,000 to $1,350,000, reflecting genuine upward pressure beyond the record sale.
Concessions Are Climbing
Concessions appeared in 36% of March closings, up from 20% in February. Eight of 22 residential transactions included seller concessions, ranging from $1,000 to $20,839. The increase suggests that while headline prices held, the negotiation space between asking and net proceeds widened.
Median DOM Shortened, Average Extended
A divergence in days on market: the median dropped from 98 to 86 days across the valley, suggesting the typical sale moved faster. But the average climbed from 125 to 155 days, pulled by a handful of listings that sat substantially longer before closing. The split indicates a two-speed market — well-priced properties are trading more quickly while overpriced inventory ages.
Under Contract ~ 261 Cascadilla Street, Crested Butte
Crested Butte land sales are on the rise in 2021! We just put 261 Cascadilla Street (MLS 788265) under contract. Our Buyer is going to love the great views and easy access to many great amenities from this great corner lot. 261 Cascadilla is one of the few flat...
Under Contract ~ 327 Elk Avenue, Crested Butte
Crested Butte Real Estate is hopping and we are very excited to announce that 327 Elk Avenue (MLS 788531) has gone under contract! We are honored to be assisting both the Buyer and Seller of this incredible property. 327 Elk Avenue is a rare mixed use opportunity...
Sold ~ 710 Red Mountain Ranch Road, Crested Butte
We are so excited to have closed on 710 Red Mountain Ranch Road (MLS 771345). This incredible 35+ acre equestrian property is just a short distance from the Town of Crested Butte. Located in the gated subdivision of Red Mountain Ranch, this amazing parcel also...
Under Contract ~ 6 Emmons Road, Unit 504, Mt. Crested Butte
Now under contract, Grand Lodge Unit 504 (MLS 787627) is one of the most desirable units on the market! The Grand Lodge is located steps away from the Crested Butte Mountain Resort base area. Owners and guests will appreciate the easy access to the ski slopes,...
Real Estate Market Update ~ November 2021
Current Market Conditions for November 2021 Residential sales volume through October totaled $372,339,800 which is up $120,808,423 from this time last year. Number of transactions were also up (330 compared to 275). The average sales price, $1,128,302, is up 19% from...
Under Contract ~ 222 Brackenbury Street, Crested Butte
Homes in Crested Butte South don't last long and 222 Brackenbury Street (MLS 787075) was no exception! The new owners will enjoy amazing mountain views from this immaculate single-family home. Located on one of the most desirable streets in Crested Butte South, this...
Under Contract ~ 6 Emmons Road, Unit 176, Mt. Crested Butte
6 Emmons Road, Unit 176 (MLS 776300) has gone under contract just in time for ski season! The Grand Lodge is located at Mountaineer Square and just steps away from the Crested Butte Mountain Resort base area. Owners will enjoy easy access to the ski slopes, shopping,...
Sold ~ 172 E Silver Sage Drive, Crested Butte
We're excited to announce that 172 E Silver Sage Drive (MLS 785196) has sold. Kiley represented the Seller of this beautiful 0.83 acre parcel. Located in the desirable Silver Sage neighborhood and just minutes from town. The new owners will love that this lot backs up...
Back On The Market ~ 15 Cinnamon Mountain Road, Mt. Crested Butte
Here's your opportunity to own a spectacular single family home in Mt. Crested Butte. 15 Cinnamon Mountain Road (MLS 787230) is back on the market. This beautiful home offers a rare orientation of stunning mountain views. Take in the dramatic sunsets and views from...
Under Contract ~ 6 Emmons Road, Units 412 & 414, Mt. Crested Butte
As ski season nears, more Grand Lodge units are going under contract! Kiley is representing the Sellers 6 Emmons Road, Units 412 & 414 (MLS 781958). The Grand Lodge is the ideal mountain condo complex for the avid skier or mountain biker. These two connected units...
Under Contract ~ 6 Emmons Road, Unit 375, Mt. Crested Butte
Ski condos are in high demand! 6 Emmons Road, Unit 375, Mt. Crested Butte (MLS 776297) was back on the market just six days before going under contract again. The Grand Lodge is conveniently located directly in the Crested Butte Mountain Resort base area. Just steps...
Under Contract ~ 30 Paradise Road, Mt. Crested Butte
Mt. Crested Butte homes are in high demand! 30 Paradise Road (MLS 787656) just went under contract. This lovely three bedroom, two bath home is set within a quiet neighborhood on the highly desirable Paradise Road. We love the ideal setting of this home which offers a...