Gunnison County experienced a notable year-over-year decline in both average and median single-family home sale prices. The median sold price fell sharply—down 45% from last year’s $2,000,000—highlighting a meaningful price correction in the market.
Buyer demand increased 7% compared to the same time last year but declined 16.7% month-over-month. Active inventory totaled 215 properties in December, up from 185 last year, while 35 new listings entered the market—an increase from the 19 added last month. Homes spent an average of 134 days on the market, reflecting an 8.9% increase compared to November.
Key Market Highlights:
Supply – Active Listings
Active listings edged down 1.8% from the prior month but remained up 16.2% year-over-year compared to the 185 active listings recorded last December.
New Listings
New listings rose significantly month-over-month, increasing 84.2%. At this time last year, only 17 new properties were added to the market.
Demand – Pending Listings
Pending listings declined 16.7% from the previous month, when 18 properties went under contract.
Months’ Supply of Listings
December recorded a 7.0-month supply of inventory, a 1.4% decrease from last month. In December 2024, the market reflected a lower supply of 5.9 months.
Percent of Closed Price to List Price
The ratio of closed price to list price decreased 1.5% from last month. At this time last year, sellers achieved an average of 96.4% of list price.
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