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 Market
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.