April 2025 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 April 2025 Market Update dives into March sales throughout Gunnison County and the Upper Gunnison Valley as we compare real estate sales year over year.

March 2025 Review

 Gunnison County

We continue to see a rise in land sales year over year, with a 71% increase in March, compared to last year. Average days on market have increased across all segments, (+7% for residential and +31% for land), but we’ve seen a decline in average sale price for both residential and land over the past month.

Residential sales county-wide declined 9% year over year, but we had 39 new listings in March which was a 30% increase from 2024. The highest sale in March was 10 Appaloosa Road, a 4 bedroom, 3,882 SF residence in the Wildhorse at Prospect subdivision of Mt. Crested Butte, which sold for $3,295,000 or $849/SF. The highest land sale was Lots 19-23 on Bellevue Avenue, a 1/3 acre commercial and mixed-use site in downtown Crested Butte, which sold for $1,700,000 or $4.72M/AC.

Upper Gunnison Valley

The Upper Gunnison Valley market had 57% of the residential sales in Gunnison County and 76% of the total sales volume county-wide, while 58% of land sales and 75% of total land sale volume was north of Almont. As of April 1st, there are 70 properties under contract in the Upper Gunnison Valley, totaling over $75M in volume.

Active Listings

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

*Change from previous month in parenthesis. Active listings as of 4/1/25.

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.