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Is Crestone, CO 81131 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Crestone is a seller’s market. With about 0.6 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply0.6Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$293▲ +2.1% vs. last year

The Crestone housing market right now

In the three months ending August 31, 2026, 20% of homes in Crestone, CO 81131 sold above their list price, the typical home went under contract in 35 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (170 days then) and the median sale price rose 7% to $366,841. Overall, Crestone is more competitive than a year ago, so tougher for buyers.

Within Saguache County, homes here sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Villa Grove 81155 (0% sold over asking) or Saguache 81149 (0% sold over asking).

Run the numbers for 81131

Prefilled for 81131Can I win this house?Multiple-offer likelihood for a listing Prefilled for 81131Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Center 81125 $137 /sq ftMoffat 81143Buyer’s market $100 /sq ftSaguache 81149Buyer’s market $203 /sq ftSargents 81248 — /sq ft Browse all markets →

Towns like Crestone nearby

Find towns like Crestone in other states →
Saguache, CO81149 · 29 miles away42% similarcheaper homes ($136K less) · younger residents Westcliffe, CO81252 · 18 miles away32% similarpricier homes ($68K more) · larger Center, CO81125 · 27 miles away22% similarcheaper homes ($185K less) · larger Monte Vista, CO81144 · 36 miles away21% similarcheaper homes ($99K less) · larger

Where Crestone is

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Questions about Crestone real estate

Is Crestone a buyer’s or seller’s market?

A seller’s market: there were 0.6 months of supply in Crestone, CO 81131 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Crestone?

The typical home went under contract in 35 days in the latest three months.

Do homes in Crestone sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.

What are property taxes in Crestone?

About 0.32% of a home’s value a year in Saguache County, or roughly $1,280 on a $400,000 home.

What is the median home price in Crestone?

The median sale price was $366,841 in the three months ending August 31, 2026, about $293 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology