Crested Butte Real Estate Market Update | January 2026

Thank you,

Chris.
email: Chris.Kopf@CBMP.com
call or text me: (970) 209-5405

January 2026 Crested Butte Real Estate Market Overview

2025 Results – Crested Butte Transactions & Volume Up, Ascending Prices Continue

2025 Results show transactions are up year over year ( 294 vs. 281) and Volume up ($382M vs $350M). Average days on Market currently 285 vs. 157 a year ago. Median Price of all Single Family Home Sold Prior 12 Months is down at $2,000,000 vs $2,092,250 this time last year, Median Price per sq. ft. for all Single Family Homes Sold was flat at $792 vs. $793 last year.

Inventory Levels in the Crested Butte Real Estate Market

Current inventory levels are down slightly – total properties For Sale are at 284 vs. 294 this time last year, the make-up is 67 Single Family Homes – with 58 this time last year, 95 Condos/Townhomes vs 75 a year ago, and 122 parcels of land vs. 161 a year ago.

Crested Butte Luxury Single Family Homes

In the past 12 months there have been 7 homes sold for above $5M vs. 5 a year ago, Median Sold Price of $6,425,000 vs. $5,750,000 a year ago, and Median Price per sq. ft. $1,502 vs. $1,370 a year ago. There ais 1 home Under Contract above $5M. There are currently 17 homes For Sale over $5M with the Median Asking Price at $7,500,000 and $1,550 per sq. ft. There are currently 9 homes for sale above $7.5M with Median Price of $8,995,000 and Median Price per sq. ft. at $1,598.

2026 Outlook Crested Butte Real Estate Trends

I predict in 2026 we will continue to see ascending price points and continued buyer demand for Crested Butte Real Estate.

Equities markets are predicted to be very strong again in 2026 – some buyers will diversify and buy a second home in Crested Butte.

Yes, there is a shift to a more affluent demographic in Crested Butte. We see lots of new homes being built and high-end restaurants opened this year, and will be opening, the Club at Crested Butte is full – and annual dues just went up another $5,000.

The cost of everything everywhere is going up –  including real estate and I believe that trend will continue here in Crested Butte.  The new ski-in/out Beckwith Condos – approx. $1,800 per sqft.

Crested Butte Market Trends and Pricing

All Crested Butte Properties SOLD The Past 12 Months:

• All Areas All Property Types – There were 294 total properties sold, 81 of those being single family homes sold, and total volume of all properties sold for all areas was $382M.
• All Areas SF Homes – The Median Sold Price for single family homes was $2,000,000. Average Discount from Asking to Selling was 4.8%.
• Crested Butte Area Condos/Townhome – there were 117 sold, and Median Sold Price of $759,500. Average Discount from Asking to Selling 3.7%.
• Downtown Crested Butte SF Homes Sold was 21 at a Median Sold Price of $2,940,000. The Median Sold price per sq. ft. was $1,191, Average Discount from Asking to Selling Price was 6.7%.
• Mt. Crested Butte SF Homes Sold – Median sold price of $1,819,000, and Median Sold Price Per Square foot was $738, Average Discount from Asking to Selling Price was 1.6%.
• Skyland SF Homes  Sold – Median sold price of $3,750,000, and Median Sold Price Per Square foot was $1,094, Average Discount from Asking to Selling Price was 3.6%.
• Meridian Lake Area Sold – Median sold price of $1,385,000, and Median Sold Price Per Square foot was $576, Average Discount from Asking to Selling Price was 13.0%.
• Rural Crested Butte SF Homes Sold was 25 at a Median Sold Price of $2,350,000. The Median Sold price per sq. ft. was $895, Average Discount from Asking to Selling Price was 12.9%.
• CB South SF Homes Sold was 14 at a Median Sold Price of $1,592,500. The Median Sold price per sq. ft. was $617, Average Discount from Asking to Selling Price was 4.2%.
• Crested Butte Area Land – There were a total of 96 transactions with a Median Sold Price of $842,500, Average Discount from Asking to Selling Price was 3.7%.

.

Curious about what your home is worth, or want to be prepared for the winter buying season – contact me today (970) 209-5405.

.