40 properties were sold in the Crested Butte and Gunnison areas in March of 2025, slightly more than both 2023 and 2024 but running below the 10 year average. Overall, the market remains much the same as it has for a couple of years- low inventory and buyers that are willing to be patient given higher interest rates. I’ve seen a large number of articles lately stating that many parts of the country have much higher inventory, but that is not yet the case here. That’s especially true at more moderate price points, call it $800K in Gunnison and $1.3M in Crested Butte. If you aren’t already receiving my monthly newsletters which include my market reports and community updates, please click the button below:
The following year over year graphs compare the previous 365 days with the same period one year ago (i.e. 5/31/2023 through 5/31/2024 versus the same period from 2024 to 2025). With such a small market (sample size) these numbers can jump around, so it’s worth comparing these graphs over a period of time. My Gunnison and Crested Butte real estate market report archives can be found on this page. If you are looking for other statistics, such as inventory, or a more specific neighborhood analysis, please Contact Me.
-
- Crested Butte South: The “absorption rate” in CB South is 4 months- an indication of a seller’s market in this neighborhood.
- Mount Crested Butte (All Residential): Sales in Mt CB increased from 92 to 103 year over year. For condos only, see below:
- Mount Crested Butte (Condos/Townhomes):The condo market near the ski area is in a good place, with increased sales, increased prices, and slightly shorter days on market.
- Crested Butte: Sales volume is down in this area, perhaps not surprising given the high prices for most of the properties downtown.
- Crested Butte Area: This category includes neighborhoods such as Skyland, Larkspur, Riverbend, Meridian Lake and Trapper’s Crossing. This area continues to be a growing one- just drive through Buckhorn Ranch and look at all the new construction there.
- Gunnison: Sales are down in Gunnison year over year, yet prices are up and days on market are down- a sign of the limited inventory in Gunnison. This is a very competitive area to purchase property.
- Gunnison Area: This includes areas such as Dos Rios, Ohio Meadows, Cranor Hill, and Hartman Rocks. Sales and prices in this area dropped slightly.
- Total Residential Sales: This category covers our entire MLS area, including Lake City, Pitkin, Crested Butte, Gunnison, and points between.
- Land Sales (Upper valley from CB South through Mount Crested Butte): Vacant land continues to be a slow part of the local market, due to the high interest rates and high building costs. Almost all of the properties currently under contract here are in the “Upper Prospect” area. Days on market have nearly doubled.
- Land Sales (Total): This category also covers our entire MLS area, including Almont, Lake City, Pitkin, Crested Butte, Gunnison, and other parts of the Crested Butte/Gunnison area. As mentioned above, land sales have trended lower in the past couple of years.
Crested Butte/ Gunnison Home Sales, May 2025:
Crested Butte/ Gunnison Land Sales, May 2025:
Source: Gunnison Country Association of Realtors’ MLS/ CREN. Reported sales not necessarily sold or listed by Frank Konsella and are intended only to show area trends.
