Is Crested Butte, CO 81225 a buyer’s or seller’s market?
Crested Butte is a buyer’s market. With about 16.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Crested Butte housing market right now
In the three months ending August 31, 2026, 0% of homes in Crested Butte, CO 81225 sold above their list price, the typical home went under contract in 85 days and there were 16.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (103 days then) and the median sale price rose 35% to $877,120. Overall, Crested Butte is more competitive than a year ago, so tougher for buyers.
Within Gunnison County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cimarron 81220 (20% sold over asking) and Crested Butte 81224 (3% sold over asking) are even more competitive.
Run the numbers for 81225
Nearby markets
Almont 81210Buyer’s market $635 /sq ftCimarron 81220Buyer’s market $328 /sq ftCrested Butte 81224Buyer’s market $691 /sq ftGunnison 81230Balanced $389 /sq ft Browse all markets →Where Crested Butte is
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Questions about Crested Butte real estate
Is Crested Butte a buyer’s or seller’s market?
A buyer’s market: there were 16.9 months of supply in Crested Butte, CO 81225 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 Crested Butte?
The typical home went under contract in 85 days in the latest three months.
Do homes in Crested Butte sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Crested Butte?
About 0.29% of a home’s value a year in Gunnison County, or roughly $1,160 on a $400,000 home.
What is the median home price in Crested Butte?
The median sale price was $877,120 in the three months ending August 31, 2026, about $965 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