The third quarter of 2025 shows an active market in Crested Butte. Single-family and luxury homes saw more sales, higher prices, and quicker closings compared to last year. Buyers are focused on well-located, well-kept homes and are willing to pay for them. Condo and townhome sales slowed, with fewer transactions and slightly lower average prices, though price per square foot rose 3%, so well-priced units are still holding value. Land sales increased, mostly at lower price points, which points to more buyers considering building instead of buying turnkey homes. Inventory is an important part of this picture. Single-family supply is at 11.7 months in Crested Butte and 10.2 months in Mt. Crested Butte. For condos and townhomes, supply is tighter in Crested Butte at 5 months but higher in Mt. Crested Butte at 10.8 months. These numbers tell us that buyers still have options, while sellers need to be thoughtful with pricing and presentation. Overall, Crested Butte continues to attract serious buyers. The market is active, with clear opportunities on both sides depending on the property type and location.
If you’d like a more in-depth look at the Crested Butte market or would like to discuss how these trends may impact your real estate plans, please don't hesitate to reach out. We’re always here to help.
