Crested Butte Real Estate Market Update February 2026 | Trends, Prices & Outlook
12 Months in Review + 2026 Outlook
Crested Butte Real Estate Market Update February 2026 | Trends, Prices & Outlook – 12 Months in Review + 2026 Outlook
The Crested Butte real estate market in February 2026 remains stable to slightly up, with transaction volume and overall dollar sales increasing year over year. Over the past 12 months, 295 properties sold totaling $376M in volume, while the median single-family home price held steady at $2,062,000. Luxury sales above $5M continue to support upper-tier pricing, even as days on market have lengthened. With inventory levels relatively flat and replacement costs rising, the 2026 outlook points toward continued price resilience and steady buyer demand across the Crested Butte market.
Quick Market Stats — Last 12 Months
| Metric | Value |
|---|---|
| Total Properties Sold | 295 |
| Total Sales Volume | $376M |
| Median SF Home Price | $2,062,000 |
| Median Price per Sq. Ft. | $771 |
| Average Days on Market | 289 |
Finally – More Snow in CB! Crested Butte and most of western US ski resorts have been way behind on snowfall this ski season. Snow brings skiers, and there is a correlation between visitors and real estate activity… We are about 2/3 of the way through the ski season – let’s hope we continue to see more snow and visitors in Crested Butte. These are the best of times!
Great to have our middle daughter Lindsay in town – Have enjoyed getting out skiing, fly fishing on warm days, and all that CB has to offer!
Let me know if you have questions about the Crested Butte Real Estate Market and how I can help you or that of a friend in 2026.
I look forward to seeing you here in CB during the remainder of the winter for ski season. Reach out to get together for coffee or to go ski together!
I really appreciate your recommendations and referrals!
Curious what your property is worth right now in Crested Butte, Mt. Crested Butte, Skyland or Rural Crested Butte? Get a customized market valuation report.
Thank you,
Chris.
email: Chris.Kopf@CBMP.com
call or text me: (970) 209-5405
Crested Butte Real Estate Market Snapshot – February 2026
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Total Sales (Past 12 Months): 295 properties (+3% YoY) -
Total Sales Volume: $376M (+2% YoY)
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Median Single-Family Home Price: $2,062,000 (flat YoY)
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Median Price Per Sq. Ft.: $771 (down from $797)
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Luxury Sales Over $5M: 5 homes sold
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Current Inventory: 301 properties
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Average Days on Market: 289 days
The Crested Butte real estate market remains stable in early 2026, with steady transaction volume, resilient pricing, and continued demand in the luxury segment.
February 2026 Crested Butte Real Estate Market Overview
12 Month Results – Crested Butte Transactions & Volume Up, Ascending Prices Continue
Prior 12 Month Crested Butte Real Estate Results
show transactions are up year over year (295 vs. 286) and Volume up ($376M vs $367M). Average days on Market currently 289 vs. 157 a year ago. Median Price of all Single-Family Home Sold Prior 12 Months is flat at $2,062,000 vs $2,070,000 this time last year, Median Price per sq. ft. for all Single-Family Homes Sold was down at $771 vs. $797 last year.
For Sale – Current inventory levels are flat- total properties For Sale are at 301 vs. 299 this time last year, make-up is 67 Single Family Homes up from 57 this time last year, there are 115 Condos/Townhomes for sale vs 81 a year ago, and 119 parcels of land vs. 161 a year ago.
Luxury Single Family Homes – in the past 12 months there have been 5 homes sold for above $5M vs. 6 a year ago, Median Sold Price of $7,050,000 vs. $5,547,500 a year ago, and Median Price per sq. ft. $1,502 vs. $1,417 a year ago.
There are 0 homes Under Contract above $5M. There are currently 17 homes For Sale over $5M with the Median Asking Price at $7,495,000 and $1,545 per sq. ft.
There are currently 8 homes for sale above $7.5M with Median Price of $9,950,000 and Median Price per sq. ft. at $1,623.
What Is Driving the Crested Butte Real Estate Market in 2026?
Several factors are supporting continued strength:
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Strong equity markets increasing second-home buying power
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Rising construction and replacement costs
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Limited new inventory in premium locations
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Growing demand from affluent buyers seeking mountain lifestyle markets
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Comparatively lower pricing than Aspen, Vail, and Telluride
Crested Butte continues to offer relative value among Colorado ski towns.
Is the Crested Butte Real Estate Market Up or Down in 2026?
The Crested Butte real estate market is stable to slightly up in early 2026.
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Transaction volume increased year over year.
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Total dollar volume rose from $367M to $376M.
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Median single-family home prices remain above $2M.
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Luxury home prices above $5M continue trending higher.
While days on market have increased, pricing remains resilient due to limited inventory and rising replacement costs.
Crested Butte Luxury Real Estate & Top Home Prices
The Highest Price Home For Sale is 7 Moon Ridge Lane just North of downtown Crested Butte, the main home and guest home total 6,500 sq. ft. and sit on 125 Acres (90 acres are in a conservation easement).
The Tipple House in Prospect at 23 Gray Fox is for sale and has had a number of updates and additional living space added – now 6,259 sq. ft. of living area – it is listed for $13.5M or $2,157 per sq. ft.
Cow Camp Homestead main home is for sale for $10.95M and offers 7,011 sq. ft. of living area and sits on 10.4 acres just North of downtown Crested Butte. The main home was completed one year ago and very high-end finish-out. A great family legacy property with great water rights, and the ability to build additional home(s).
Highest Price Home Sold in Crested Butte
I represented seller of the home in Smith Hill Ranches at the South end of Long Lake – it was the highest price home ever sold in the Crested Butte area at just under $12M.
Shadow $15M high-end homes – I can count 6-7 high-end homes being built or recently completed in the $15M range.
For a “typical” new home that is being built with a lot purchase of $850,000 (average), assume only a 4,000 Sq. Ft. home (garage included) at a conservative $1,000 per Sq. Ft., plus furniture and furnishings, permit fees, tap fees, architect, interior designer…etc. You are over $5M pretty quickly.
Even with ascending price points the Crested Butte real estate market continues to offer exceptional value compared to other mountain ski towns.
With strong equities markets, and more affluent second-home buyers discovering the magic of CB – expect demand to remain strong, even with design and construction costs for new builds on the rise…
Stay tuned…
Crested Butte Real Estate Market Update February 2026
Crested Butte Market Trends by Area – Sold
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All Crested Butte Areas – All Property Types
- There were 295 total properties sold, 80 of those being single family homes sold, and total volume of all properties sold for all areas was $376M.
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All Crested Butte Areas Single Family Home Prices
- The Median Sold Price for single family homes was $2,062,000. Average Discount from Asking to Selling was 4.6%.
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Crested Butte Area Condos/Townhome Prices
- There were 117 sold, and Median Sold Price of $795,000. Average Discount from Asking to Selling 1.2%.
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Downtown Crested Butte Single Family Home Prices
- Sold was 19 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%.
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Mt. Crested Butte Single Family Home Prices
- Median sold price of $2,084,500, and Median Sold Price Per Square foot was $733, Average Discount from Asking to Selling Price was 3.8%.
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Skyland Single Family Home Prices
- Median sold price of $3,200,000, and Median Sold Price Per Square foot was $986, Average Discount from Asking to Selling Price was 3.0%.
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Meridian Lake Area Single Family Home Prices
- Median sold price of $1,450,000, and Median Sold Price Per Square foot was $567, Average Discount from Asking to Selling Price was 14.2%.
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Rural Crested Butte Single Family Home Prices
- Sold was 23 at a Median Sold Price of $2,500,000. The Median Sold price per sq. ft. was $936, Average Discount from Asking to Selling Price was 7.4%.
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Crested Butte South Single Family Home Prices
- 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%.
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Crested Butte Area Land Prices
- There were a total of 98 transactions with a Median Sold Price of $845,000, Average Discount from Asking to Selling Price was 3.4%.
Curious about what your home is worth, or want to be prepared for the winter buying season – contact me today (970) 209-5405.
How Does Crested Butte Compare to Other Colorado Ski Towns?
Compared to Aspen, Vail, and Telluride:
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Crested Butte luxury homes remain priced lower on a per-square-foot basis.
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Inventory is tighter but less saturated with ultra-high-end speculative builds.
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The buyer demographic continues shifting toward affluent second-home owners.
This pricing gap continues attracting buyers seeking long-term value in Crested Butte – a premier mountain market.
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What Buyers and Sellers Should Know in the Current Crested Butte Market
Download the Full
Crested Butte Real Estate Market Report (40 Detailed Pages).
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All Crested Butte Area Transactions Volume
Prior 5 Years by Quarter
Crested Butte Single Family Housing Market
All Areas Prior 12 Months
Crested Butte Real Estate Market Trends
All Single Family Homes By Price Range (Quartiles)
All Areas Prior 12 Months
Downtown Crested Butte Single Family Home Sales
Prior 12 months
Mt. Crested Butte Single Family Home Sales
Prior 12 months
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Skyland Area Single Family Homes
Prior 12 months
Crested Butte Condos and Townhomes
Prior 12 months
Crested Butte Land
Prior 12 months
CRESTED BUTTE MARKET REPORT DETAIL PAGES
Fly fishing here in the Crested Butte area is my passion. I have learned that there are hundreds of detailed skills needed in order to successfully present a fly to a trout in moving water, to hook a trout when he so subtly strikes, and then to successfully net, handle and safely release a trout back into the river or stream.
The trout I am holding in the photo is a very rare Palomino trout caught in the summer of 2022 on the East River here in Crested Butte.
The detail pages in my report include charts and graphs that will provide you with perspective on the patterns and trends for Single Family Homes in each geographic area. You will also see details for additional property types – Condos & Townhomes, and Land for the entire Crested Butte area.
I have had many clients that have complimented me on the level of detail in the following pages – especially when they were strongly considering buying or selling.
The level of detail in this report is representative of what you can expect from me as your Real Estate Agent.
I have helped hundreds of clients to buy and sell their homes and land in the Crested Butte area.
I appreciate the opportunity to earn your business as well. For more context, see my Crested Butte real estate books – Quick and Easy Tips to Help You BUY or SELL Your Crested Butte Home.
Chris Kopf’s Crested Butte Real Estate Market Report has over 40 detailed pages
Helping You Make Informed Decisions Regarding Crested Butte Real Estate
I produce this monthly Crested Butte Real Estate report to provide You with a high level overview by looking at the patterns and trends.
My goal is to help YOU make sense of the numbers so you can make informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Property Valuation Report for Your home that I routinely prepare for my clients, please contact me. Get Your Crested Butte Real Estate Market Report Now!
How can I help you with Your Crested Butte Co Real Estate Needs?
As a top 1% Coldwell Banker agent for over a decade and a Global Luxury Property Specialist, I personally track every sale, listing, and pricing shift in the Crested Butte real estate market. This report reflects real transaction data and direct market experience.
This Crested Butte Real Estate Market Report Prior 12 Months and the level of detail is representative of what you can expect from me as your Crested Butte Real Estate Agent.
If you are considering buying or selling – I have been in your shoes. My wife Francene and I were second homeowners for 10 years prior to moving our family to Crested Butte full-time.
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I have helped nearly 500 satisfied clients to successfully buyer or sell – I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.
Contact me:
Chris Kopf
Global Luxury Property Specialist
Coldwell Banker Mountain Properties
Chris.Kopf@CBMP.com
(970) 209-5405
ChrisKopfCB.com
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