Mammoth Lakes Real Estate Market Report March 2026

Single-Family Homes Market Overview

In the Mammoth Lakes single-family home market, early 2026 data (as of March 1) shows only 6 sales closed at a dramatically higher median price of $2,840,000 (up 118% from the stable $1.3 million in 2025), with an average of $2,567,833 and 115 average days on market. However, this apparent spike is almost certainly skewed by the extremely small sample size and likely a few high-end or luxury properties, as broader current market reports indicate overall stability or slight softening for single-family homes, with median values/listings holding around $1.3 million or lower and a balanced, plateauing outlook for the year.

Single-Family Residential History Mammoth Lakes

The graph below is a representation of the median single-family home pricing reflecting the table above:

Inventory Levels

The active listings for single-family homes in Mammoth Lakes showed a seasonal pattern from February 2025 to March 2026, starting at 19 in February 2025, dipping to a low of 16 in March 2025, and then gradually increasing through the spring and summer to peak at 31 in August 2025 before declining again toward 21 by March 2026.

Overall, inventory remained relatively low and stable in the 16–31 range, with the highest availability during the peak summer months (July–September 2025) and a modest rebound in early 2026, reflecting typical seasonal fluctuations in this mountain market.

Condominium Market Overview

The Mammoth Lakes condominium market experienced significant growth in median prices from 2014 to 2025, peaking at $795,000 in 2025 after a strong rebound from prior years, but 2026 data (based on only 25 sales so far) shows a notable decline to a median price of $669,000, representing a -15.85% change from 2025 amid lower sales volume and average price of $789,050 with days on market at 105. This early 2026 pullback suggests a cooling or normalization in the condo segment compared to the prior year’s highs, potentially influenced by broader market stabilization, though full-year results will provide clearer trends.

Condominium Market History

Here’s a summary of the condominium market trends over the years:

The graph below is a representation of the median condominium pricing table above:

Inventory Levels

The number of active condominium listings in Mammoth Lakes showed a clear seasonal pattern from February 2025 to March 2026, with inventory bottoming out at 56 in February 2025, peaking at 129 in September 2025, and then gradually declining through the winter months. By March 1, 2026, active listings stood at 91, reflecting a modest rebound from the winter low of 81 in February 2026 but still well below the previous summer highs.

Mammoth Lakes Real Estate Market Report March 2026