February 2025 | Crested Butte Market Update

The Crested Butte Collection Market Update is your source for the latest real estate trends throughout Crested Butte and the Gunnison Valley. Our February 2025 Market Update dives into January sales throughout Gunnison County and the Upper Gunnison Valley as we compare real estate sales year over year.

January 2025 Review

Gunnison County

2025 is off to a strong start with a 47% increase in residential sales and a 65% increase in sales volume county-wide compared to January of 2024. Land sales dipped slightly county-wide with 8 sales in January vs 9 in January of 2024, but the Upper Gunnison Valley saw an increase in land sales, sales volume, and average sale price/AC year over year.

Average days on market increased 5% for residential properties (148 vs 141 days), and 57% for land listings YOY, which is expected for this time of year. The highest sale in January was 67 Trent Jones Way, a 5 bedroom, 4386 SF residence in the Skyland subdivision, which sold for $6,425,000 or $1,465/SF. The highest land sale was 345 Skyland Drive, a 0.66 acre lot located in Skyland, which sold for $560,000 or $848,485/AC.

Upper Gunnison Valley

The Upper Gunnison Valley market had 52% of the residential sales in Gunnison County and 79% of the total sales volume county-wide, while 50% of land sales and 64% of total land sale volume was north of Almont. As of February 3rd, there are 76 properties under contract in the Upper Gunnison Valley, totaling over $76M in volume.

Active Listings

CRESTED BUTTE SOUTH
2 Single Family Homes (+2)
1 Condos/Townhomes (-3)

*Change from previous month in parenthesis. Active listings as of 2/3/25.

All reported statistics were sourced from CREN MLS and not necessarily listed/sold by Crested Butte Collection. Commercial sales were excluded. Information is intended only to show real estate market trends in the area.