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Crested Butte

Crested Butte

Located in Gunnison County

$2,295,910 Average Value
$877 Average Price per Sq Ft
121 Homes For Sale

Crested Butte, a ski town with scenic vistas and a vibrant downtown

The windswept Elk Mountains peer over Crested Butte, where million-dollar homes offer scenic vistas and proximity to a vibrant main street district. Population totals ebb and flow with the seasons, like rivers that run through town and bring melted snow down from nearby ski slopes. “Our mountain does skew on the extreme terrain side, a bit more difficult, more remote, but we’re lucky not to wait in lines and have varying terrain,” says Meredith Zaltsman, the marketing manager for Gunnison Crested Butte Tourism and Prosperity Partnership. “Summer is peak here, specifically July, when we see wildflowers. It’s the wildflower capital of Colorado, and we have some iconic blooms here due to our snow pack and just the way we’re situated.” Easy access to the outdoors and a thriving business district establish Crested Butte as a source of year-round entertainment.

Winter sports, Rainbow Park and The Club at Crested Butte

The Nordic Center houses the Big Mine Ice Arena, a covered outdoor rink that hosts open skate times and youth hockey games. A skatepark, access to the 9-mile Green Lake Trail and the Big Mine Disc Golf Course are adjacent to the arena. Rainbow Park features a playground with a climbing rock, a pavilion and a soccer field. Trailheads are on the outskirts of town, including those for Town Ranch Loop’s flat 2-mile path and the Lower Loop’s 7-mile path. Both trails are bike- and ski-friendly. The Club at Crested Butte offers golf and ski club memberships. Ski club members have privileges at the Crested Butte Mountain Resort, including valet services and equipment storage units. The mountain resort is also open to the public for alpine skiing.

Million-dollar mountain homes on gridded streets and in nature

Contemporary and rustic mountain homes are common, from gridded streets in western Crested Butte to natural open spaces in the east. The median single-family home price is $2.5 million, nearly four times the median home price in Gunnison County, according to a National Association of Realtors report at the end of 2024. Condos and townhouses are also in the area. Studio condos start at about $320,000, and those with four bedrooms can cost as much as $2.1 million. Townhouse prices range from about $880,000 to $2 million, depending on home size. Homes near Coal Creek and Slate River have a more elevated risk of flooding, with contributing factors including snowmelt and water blockages.

Crested Butte’s CAP Index Crime Score is 1 out of 10, well below the national average of 4.

Everyday essentials and restaurants on Elk Avenue

Elk Avenue is a walkable main street with colorful historic buildings housing locally owned shops, restaurants and art galleries. “Favor the Kind, women's clothes have a lot of unique pieces of jewelry and home goods. They have many pop-ups, like one day they’ll have a women-owned ski brand or a hat maker come in,” Zaltsman says. Additional stores include Mountain Tails, a pet boutique, and Paradox Footwear. Restaurants vary from morning spots, such as Butte Bagels, to bars open late, such as Kochevar’s Saloon. “The most popular spot everyone goes to is Secret Stash Pizza. It’s got delicious food plus a fun mountain ambiance,” she says. “It’s more casual and great for a family dinner.” Mountain Earth Organic Grocer is on Elk Avenue, and Clark’s Market is on Belleview Avenue.

Shuttles, buses and highway connections to Gunnison

Mountain Express is a free shuttle service that only has routes between Crested Butte’s ski area and the streets around Elk Avenue. “The town bus is really cute. They’re painted and have a fun vibe. You get to meet locals and have a full mountain experience,” Zaltsman says, regarding being able to admire the mountains on the drive to and from the ski area. Gunnison Valley Rural Transit Authority (GVRTA) buses run between Gunnison and Crested Butte. State Highway 135 connects the two towns. Gunnison-Crested Butte Regional Airport has direct flights to Denver, Dallas and Houston, about 30 miles south.

Kindergarten through 12th grade at Crested Butte Community School

Crested Butte Community School is in the Gunnison Watershed School District. The school is split between Crested Butte Elementary School, a kindergarten through fifth-grade school, and Crested Butte Secondary School, which educates sixth through 12th graders. Crested Butte Elementary earns a B grade from Niche, and the secondary school receives an A-minus.

Lauren Melton
Written By
Lauren Melton

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Crested Butte Housing Trends

Housing Trends

Median List Price
$1,650,000
Median Sale Price
$1,150,000
Median Single Family Sale Price
$2,490,000
Median Townhouse Sale Price
$1,163,750
Median 2 Bedroom Sale Price
$638,000
Median Studio Sale Price
$224,500
Median Change From 1st List Price
4%
Last 12 months Home Sales
157
Median Home Sale Price YoY Change
$14
Average Price Per Sq Ft
$877

Neighborhood Facts

Number of Homes for Sale
121
Months of Supply
9.20

Open Houses

  • Saturday, Jul 5
    2 - 4pm

    32 St Andrew's Cir, Crested Butte, CO 81224

    $1,495,000

    • 3 Beds
    • 2.5 Baths
    • 1,762 Sq Ft
    • 32 St Andrew's Cir

    This 3 level unit has great views, vaulted ceilings and wonderful light throughout the unit. It is priced to sell at $848/square foot. This is a large 3 bedroom, 2 1/2 bathroom home with a great floorplan and comes mostly furnished, with only the seller's personal possessions, art, and a few furniture pieces excluded. The HOA fees are low at $525/month for the 3 unit Mountain West association,

    Diane Aronovic Bluebird Real Estate, LLC

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  • Tuesday, Jul 8
    11am - 2pm

    905 County Road 317, Crested Butte, CO 81224

    $11,975,000

    • 6 Beds
    • 6.5 Baths
    • 7,011 Sq Ft
    • 905 County Road 317

    • UNPARALLELED MOUNTAIN ESTATE IN CRESTED BUTTE • THIS EXTRAORDINARY 5.96-ACRE LUXURY ESTATE EMBODIES ROCKY MOUNTAIN ELEGANCE WITH ITS STUNNING ARCHITECTURE, BREATHTAKING VIEWS AND WORLD-CLASS AMENITIES. Offering a seamless blend of modern sophistication with a deep-rooted connection to the area's rich ranching heritage, this exclusive property is uniquely situated just a half mile from

    Joel Vosburg Bluebird Real Estate, LLC

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  • Saturday, Jul 5
    3 - 5pm

    470 White Stallion Cir, Crested Butte, CO 81224

    $3,290,000

    • 5 Beds
    • 3.5 Baths
    • 2,877 Sq Ft
    • 470 White Stallion Cir
    • New 28 days ago

    Welcome to 470 White Stallion: One of the finest homes in Buckhorn Ranch. This exquisite and modern mountain home was fully custom built in 2015, and thoughtful consideration went into every single detail, material and finish. Sitting on a double lot, and backing up to HOA owned open space, the views and privacy are unmatched. Step through the accordion style, floor to ceiling glass doors from

    Bet Egelhoff Bluebird Real Estate, LLC

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Crested Butte Has More Owners

Demographics

Total Population
1,194
Median Age
42
Population under 18
18.5%
Below the national average
23.8%
Population over 65
14.4%
On par with the national average
19.1%

Finances

Median Household Income
$86,842
Above the national average
$71,702
Average Household Income
$123,027

Education and Workforce

High School Graduates
99.7%
College Graduates
66.8%
Significantly above the national average
34.1%
Advanced Degrees
14.7%
% Population in Labor Force
78.9%
Above the national average
65.1%

Weather

Annual Precipitation
10''
Average Winter Low Temperature
-6°F
Average Summer High Temperature
79°F
Annual Snowfall
65''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.