Crested Butte Real Estate Market August 2025

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. I appreciate your recommendations and referrals!

Thank you,

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

Crested Butte Real Estate Transactions Flat & Volume Flat, Inventory Up, Ascending Prices Continue

Crested Butte Real Estate Market August 2025 – Results Through July 2025

Prior 12 Month Results show transactions are flat year over year (278 vs. 282) and Volume flat ($348M vs $361M). Average days on Market currently 202 vs. 201 a year ago. Median Price of all Single Family Home Sold Prior 12 Months is similar at $2,000,000 vs $2,025,000 this time last year, Median Price per sq. ft. for all Single Family Homes Sold also similar at $749 vs. $736 last year.

For Sale – July inventory levels show total properties For Sale at 435 vs. 431 this time last year, make-up is 115 Single Family Homes – up from 104 this time last year, 123 Condos/Townhomes vs 128 a year ago, and 197 parcels of land vs. 199 a year ago.

Luxury Single Family Homes – in the past 12 months there have been 3 homes sold for above $3.5M vs. 18 a year ago, Median Sold Price of $5,216,000 vs. $4,725,000 a year ago, and Median Price per sq. ft. $1,570 vs. $1,204 a year ago. There are 4 homes Under Contract including one in Aperture for $8.475M. There are 36 homes For Sale over $3.5M with the Median Asking Price at $5,445,000 and $1,328 per sq. ft.

There are currently 9 homes for sale above $7.5M with Median Price per sq. ft. at $1,734. The Highest Price Home is the Cow Camp Homestead with over 10,200 sq. ft. heated under roof. The main home was completed one year ago and very high-end finish-out, plus guest home on 17 acres, offered for $15.785M. The Main home now offered separately for $11,975,000. Also a new spectacular listing at 188 Bethel Road on Long Lake in Smith Hill Ranches with main home and guest home over 10,500 sq. ft. heated under roof plus barn, stables and riding area. There have been a number of new homes built with costs exceeding $15M. Estimates to design and re-build these homes with current construction prices are well over $20M, and 3-4 year timeline.

The Crested Butte real estate market continues to offer exceptional value compared to other mountain ski towns. With more affluent second-home buyers discovering the magic of CB—and with design and construction costs for new builds on the rise—demand is expected to remain strong. Over the long term, owning Crested Butte real estate is not only a smart investment, but also an opportunity to create a lifetime of unforgettable memories in this special place.

The Highest Price Home in Crested Butte is the Cow Camp Homestead with a main home and guest home and over 10,200 sq. ft. heated under roof. The newly constructed main home was completed one year ago with very high-end finish-out and spectacular views. A very unique 17 acres, offered for $15,875,000. The Main home is offered separately for $11,975,000.

Also a new spectacular listing at 188 Bethel Road on Long Lake in Smith Hill Ranches, with main home and guest home over 10,500 sq. ft. heated under roof plus barn, stables and riding area – offered for $13,900,000…

If you could find similar land, which you cannot, the estimates to design and build these homes now with current construction prices = well over $20M, and 3-4 year timeline.

Whether you are buying a home, or land and building your dream home Crested Butte is still a great value when compared to other Colorado mountain ski-towns – especially when you consider the “full package” – great skiing with minimal lift lines, recreation summer/fall, community, fun events/festivals, amenities… The Crested Butte area is poised for continued buyer demand in 2025. Long term Crested Butte Real Estate is a solid investment, and a great place to create your lifetime of memories with family, friends and clients.  I appreciate your feedback and questions regarding the Crested Butte Real Estate Market August 2025.

Crested Butte Real Estate Market August 2025
Prior 12 Months Through July 2025:

• All Areas All Property Types – There were 278 total properties sold, 79 of those being single family homes sold, and total volume of all properties sold for all areas was $348,264,000.
• All Single Family Homes – The Median Sold Price for single family homes $2,000,000. Average Discount from Asking to Selling 2.9%.
• Condos & Townhomes – there were 135 sold, and Median Sold Price of $740,000. Average Discount from Asking to Selling 2.4%.
• Downtown Crested Butte Single Family Homes Sold was 13 at a Median Sold Price of $3,200,000. The Median Sold price per sq. ft. was $1,160. Average Discount from Asking to Selling Price was 11.1%
• Mt. Crested Butte Single Family Homes Sold – Median sold price of $2,400,000, and Median Sold Price Per Square foot was $792, Average Discount from Asking to Selling Price was 7.7%
• Skyland Single Family Homes Sold – Median Sold price of $3,705,000, and Median Sold Price per sq. ft. $1,118. Average Discount from Asking to Selling Price was 3.7%.
• Rural Crested Butte – 30 homes sold, Median Sold Price $2,205,500. Median Sold Price per sq. ft. $817. Average Discount from Asking to Selling Price was 6.4%
• CB South – 16 homes sold, Median Sold Price $1,497,500. Median Sold Price per sq. ft. $598. Average Discount from Asking to Selling Price was .1%
• Land sales – There were a total of 64 transactions with an Median Sold Price of $835,000, Average Discount from Asking to Selling 5.1%.

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Curious about what your home is worth, or want to be prepared for the winter buying season – contact me today.

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