Market Overview
coolingGunnison’s median home price is about 25% below the Utah median, while its 6.5 months of inventory places it just into buyer‑friendly territory.- •Median price of $385K is 25% lower than the state median, yet 23% of homes still sold above asking and the sale‑to‑list ratio hit 101.2%, showing resilient buyer interest.
- •Prices plunged 24.1% month‑over‑month—the sharpest dip in the six‑month window—while still posting a 13.7% year‑over‑year gain, highlighting volatility.
- •46.2% of listings saw price cuts and every price adjustment (13 reductions, 0 increases) was a reduction, indicating strong downward pressure on asking prices.
- •Active inventory is tight with only 14 homes on the market and 6.5 months of supply, just above the 6‑month threshold that defines a buyer’s market.
- •Deal fall‑through rate is 0% and homes spend an average of 76 days on market (state average 72), suggesting a smooth closing process despite price volatility.
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Frequently Asked Questions About Gunnison Real Estate
As of May 2026, the median home price in Gunnison, Utah is $325,000, which is 37.4% below the Utah state median of $518,888. Home prices in Gunnison range from $240,000 to $14,775,000, with an average sale price of $359,709. These figures are based on recent closed transactions in the Gunnison real estate market.
Gunnison, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 96.0% and homes spending an average of 108 days on the market. Gunnison’s median home price is about 25% below the Utah median, while its 6.5 months of inventory places it just into buyer‑friendly territory.
Homes in Gunnison, Utah spend an average of 108 days on the market before going under contract compared to the Utah state average of 72 days (51.2% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.