Mammoth Lakes Real Estate Market Report May 2026
10th Time is a Charm – Former Slocums Grill and Bar… SOLD!
After many attempts and many times falling short, Matthew Lehman Real Estate is proud to announce the successful sale of the iconic property at 3221 Main Street in Mammoth Lakes, longtime home of former Slocums Grill and Bar.
For more than 35 years, this incredible location fronting on Main Street was a true local favorite, Mammoth’s version of “Cheers.” More than just a restaurant and bar, it was a beloved gathering place for the community, where locals and visitors came together to enjoy countless great times. It was also one of the most popular spots during the Fourth of July parade, famous for serving the best eats and Bloody Marys in Mammoth while celebrating our country’s birthday.
There is a lot to live up to when filling the shoes of Slocums Grill and Bar and, of course previous owners Tom and Cindy Avena, but given the demand for restaurants in Mammoth and knowing the new owners… I’m confident something good it on its way. 
This prime Main Street location, with excellent visibility, 100 feet of frontage, ample on-site parking, and a central position between town and the Village, has been purchased by a local owner-operator. The new owner has exciting plans to transform the site into another beloved local restaurant and carry forward that special legacy.
A special “thank you” to Karen Nelson for her outstanding professionalism in assisting her buyer throughout the entire process.
We wish the new owners every success and look forward to the next chapter for this landmark Mammoth property!
Congratulations to all parties involved.
Single-Family Homes Market Overview
The single-family home market in Mammoth Lakes experienced significant long-term growth from 2016 to 2025, with median prices rising from $721,500 in 2016 to $1,300,000, driven by strong appreciation years like 2018 (+18.71%) and 2021 (+34.46%).
As of May 1, 2026, the year-to-date data shows a sharp jump, with 20 sales recorded at an average price of $2,460,350 and a median price of $2,375,000 (up 82.69% from 2025), alongside an average DOM of 135 days, indicating much higher price points so far this year. The total number of sales year to date is consistent with figures seen last year at this time.
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
Single-family home inventory in Mammoth Lakes typically follows a strong seasonal pattern, remaining relatively low (16–20 units) from January through June before rising sharply in the summer months, peaking at 31 units in August and staying elevated through September (30 units). Inventory then declines in the fall and winter, bottoming out around 16–23 units from October to April, before ticking up slightly to 20 units as of May 1, 2026.
This reflects the expected spring transition, with inventory still on the lower side compared to the summer peak.
Condominium Market Overview
The condominium market in Mammoth Lakes showed robust long-term growth from 2014 to 2025, with median prices rising from $295,000 to a peak of $795,000, supported by strong appreciation in several years, notably 27.37% in 2021 and 24.79% in 2022, and generally improving efficiency as average days on market declined from 156 to around 90 to 110 days in recent years.
As of May 1, 2026, year-to-date activity is consistent with the total sales last year at this time. Sales show an average price of $870,148 and a median price of $739,000, down 7.04% from 2025. The average days on market at 96 days, suggesting shorter marketing times than seen for all of 2025.
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
Condominium inventory in Mammoth Lakes follows a clear seasonal pattern, staying relatively low from January through June before rising sharply in the summer months, peaking at 129 units in August and remaining elevated through September at 127 units. As of May 1, 2026, inventory stands at 93 units, reflecting a modest seasonal increase from the winter months but remaining below the typical summer peak, suggesting a relatively balanced but not overly abundant supply of condominiums entering the spring market.
You may also like:
Mammoth Lakes Real Estate Market Report April 2026 | Mammoth Lakes Real Estate
Slocums – A Rare Restaurant Opportunity in Mammoth
