Is Crested Butte, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crested Butte is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Crested Butte has remained a Buyer's Market.

Key Takeaway

Crested Butte is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Crested Butte, CO

How much do homes in Crested Butte, CO cost?

Median Sold Price

$3,057,250

$1,120/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$1,762,750(-36.6%)

Key Takeaway

Homes in Crested Butte have sold for 36.6% less than they did a month ago.

Summary: The median home sold price in Crested Butte was $3,057,250 in March 2024, down 36.6% from last month, and the median price per square foot was $1,120.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 -$2.1M
N/A
4 -$4.0M
N/A
5+ $4.8M-
N/A

Summary: Crested Butte housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Crested Butte, CO

How many homes are available in Crested Butte, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
121132+9.1%

Summary: The Crested Butte real estate market had 132 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1414
0.0%
2 3034
+13.3%
3 3237
+15.6%
4 2427
+12.5%
5+ 2120
-4.8%

Summary: The Crested Butte housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crested Butte, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Crested Butte in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Crested Butte, CO

How long does it take to sell a home in Crested Butte, CO?

Average Sale Time

Feb 2024Mar 2024CHANGE
128 Days75 Days-41.4%

Summary: Homes in Crested Butte had an average of 75 days on market in Mar 2024, down by 41.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Crested Butte has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Crested Butte; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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