Crested Butte Real Estate Market
Results Through August 2025 + Outlook
Crested Butte Real Estate Market September 2025, Showing Prior 12 Months Results – Through August 2025
The fall leaves are a little late this year but they are starting to change and Crested Butte will be golden in the next week or so! I started off September with a busy month of real estate, and some fly fishing…
I also went elk hunting this weekend (muzzleloader tag) and was surprised to wake up at camp to our first snow dusting here in Crested Butte! It was a wet and chilly hunt but always great to be outside.
I did not shoot an elk. But I did shoot at one, 75 yards. We glassed them, we made a plan that required me hiking up another steep hill to flank them.
Instead, there was a crazy stampede toward me – they stopped, they were confused.
They looked at me.
I took aim.
I took the shot.
It was a good shot.
… but evidently my powder was not dry in my muzzle loader, so my bullet did not fly. And 30 elk went bye-bye…
Better luck next year! 
Look forward to seeing you here in CB the rest of this Summer/Fall – reach out to get together.
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 Flat, Prices Stable, Buyers Seek Value
Crested Butte Real Estate Market September 2025 – Results Through August 2025
Prior 12 Month Results show transactions are flat year over year (272 vs. 281) and Volume flat ($352.6M vs $352.8M). Average days on Market currently 200 vs. 189 a year ago. Median Price of all Single Family Home Sold Prior 12 Months is similar at $2,000,000 vs $2,059,000 this time last year, Median Price per sq. ft. for all Single Family Homes Sold down slightly at $749 vs.$787 last year. Older homes requiring updates are seeing sustained days on market, buyers seek quality and value.
Approximately 1/3 of all homes sold in the last 120 days had a pricing reduction. There are many new homes and parcels of land now listed.
For Sale – August inventory levels show total properties For Sale at 419 vs. 408 this time last year, make-up is 109 Single Family Homes – up from 196 this time last year, 120 Condos/Townhomes vs 118 a year ago, and 190 parcels of land vs. 194 a year ago.
Luxury Single Family Homes – in the past 12 months there have been 8 homes sold for above $5M vs. 4 a year ago, Median Sold Price of $6,135,000 vs. $5,212,500 a year ago, and Median Price per sq. ft. $1,536 vs. $1,543 a year ago. There are 2 homes Under Contract above $5M – one in downtown Crested Butte and one in Mt. CB. There are 18 homes For Sale over $5M with the Median Asking Price at $7,050,000 and $1,499 per sq. ft.
There are currently 8 homes for sale above $7.5M with Median Price per sq. ft. at $1,731. 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 I am happy to announce a spectacular listing just went Under Contract 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. Estimates to design and re-build these homes with current construction prices are well over $20M, and 3-4 year timeline.
NORDIC INN + HUGE UPSIDE OPPORTUNITY
I am Super excited to also have the iconic 28 Room Nordic Inn + Land + Development opportunity Listed For Sale for $10,995,000. Tremendous Upside Opportunity – Approved PUD for 132 Room Hotel Expansion.
There have been a number of recent new homes built with costs exceeding $15M.
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 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 272 total properties sold, 79 of those being single
family homes sold, and total volume of all properties sold for all areas was $352,645,262. - 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 128 sold, and Median Sold Price of $748,500. Average
Discount from Asking to Selling 2.3%. - Downtown Crested Butte Single Family Homes Sold was 19 at a Median Sold Price of
$3,050,000. The Median Sold price per sq. ft. was $1,181. Average Discount from Asking to
Selling Price was 4.7% - Mt. Crested Butte Single Family Homes Sold – Median sold price of $2,445,000, and Median
Sold Price Per Square foot was $758, Average Discount from Asking to Selling Price was 9.1% - Skyland Single Family Homes Sold – Median Sold price of $5,387,000, and Median Sold Price per
sq. ft. $1,249. Average Discount from Asking to Selling Price was 3.8%. - Rural Crested Butte – 27 homes sold, Median Sold Price $2,059,000. Median Sold Price per sq.
ft. $792. Average Discount from Asking to Selling Price was 0.0% - CB South – 14 homes sold, Median Sold Price $1,525,500. Median Sold Price per sq. ft. $563.
Average Discount from Asking to Selling Price was 0.00% - Land sales – There were a total of 128 transactions with an Median Sold Price of $748,500,
Average Discount from Asking to Selling 2.3%.
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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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Crested Butte Real Estate Market Report (40 Detailed Pages).
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All Transactions Volume
Prior 5 Years by Quarter
Single Family Home Sales
All Areas Prior 12 Months
Crested Butte Real Estate Market Snapshot
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.
This 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?
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 over 450 satisfied clients to successfully buyer of 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
Thanks for reading this article: Crested Butte Real Estate Market March 2025 – Prior 12 Months Through March 2025
