Q1 2024 Market Report - Crested Butte

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Quarterly Market Report

CRESTED BUTTE, COLORADO Q1

2024
Crested Butte AT A GLANCE Median Sold Price $797,000 59.4% Properties Sold 48 -18.6% Average Days on Market 119 -25.6% Average Price per Sq. Ft. $630 26.8% % Sold Price, to List Price 97.0% 1.0% Data based on sales in Almont, Crested Butte, Crested Butte South, Crested Butte Rural, Kebler, Mount Crested Butte, all residential and land properties. Jan - Mar 2024 % Change 2023 vs 2024

$5,750,000

January - March 2024 | 3 Based on data from the Gunnison – Crested Butte Association of REALTORS® MLS, Colorado Real Estate Network (CREN) for the period January 1st, 2024 - March 31st, 2024 (Powered by LiveBy). Verify with a local REALTOR®. All information is deemed reliable but not guaranteed. Data maintained by CREN MLS may not reflect all real estate activity in the market. April 2023 - March 2024 AVERAGE DAYS ON MARKET Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 97 141 106 110 142 142 April 2023 - March 2024 TOTAL SALES VOLUME Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May $20M $30M $40M $50M $19M $38M $19M $26M $51M $24M $60M April 2023 - March 2024 MEDIAN SOLD PRICE Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May $400k $550k $700k $850k $1M
Highest Sold Price
Total Sales Volume + 23.6% 2023 vs 2024 % Change Jun 242 83 163 $41M $63M $75M 180 218 162 $61M $38M $17M
$54,719,684

Crested Butte

The Town of Crested Butte is located at the foot of the Elk Mountains, situated in the heart of Gunnison County. Renowned for its winter activities, including skiing, Crested Butte is a year-round destination offering an abundance of outdoor recreation in the summer with hundreds of miles of single-track trails, beckoning bikers, hikers, and riders. This charming mountain community offers spectacular views and a vibrant town center, all complemented by an amazing array of outdoor activities, restaurants, and shops for those looking to revel in what’s next.

January - March 2024 | 5 Crested Butte 4 $2,905,750 127 Mt. Crested Butte 11 $840,000 113 *Rural Crested Butte 8 $2,800,000 132 Almont 2 $3,030,500 84 Gunnison 9 $547,000 128 *Rural Gunnison 12 $844,950 103 Live Data Live Data Learn More Properties Sold Median Sold Price Average Days on Market Click for Live Data Click for Community Data Learn More N/A N/A Learn More *Rural Crested Butte - All properties north of Slate River Road within the MLS jurisdiction. From Gothic Road and Slate River Road, north and east of Slate River Road to the boundary between Gunnison National Forest and White River National Forest, east to Taylor Peak, west of East Brush Creek to the bridge on Brush Creek to the summit of Crested Butte Mountain and back to the point of beginning, excluding the town of Mt. Crested Butte. *Rural Gunnison - All properties outside of Gunnison city limits, outside of all designated areas, and within the defined MLS jurisdiction including properties in Saguache County within the MLS jurisdiction.

Envision what’s next.

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