MAMMOTH LAKES
MARKET TRENDS REPORT
December 2025
Facts about December and Snow
- December was once the 10th month, not the 12th
In the original Roman calendar, the year began in March. December (from decem, meaning “ten”) still carries its name even though January and February were later added to the calendar.
- It’s the darkest month of the year in the northern hemisphere
Many cozy traditions like candles, fireplaces, holiday gatherings started as practical ways to bring warmth and light during long nights. In a resort town like Mammoth Lakes, it’s also a perfect reminder of the charm and comfort winter homes can offer.
- Snow absorbs sound
Fresh snowfall naturally dampens noise, creating an almost magical silence. That stillness makes winter mornings in the mountains feel peaceful and serene, something every homeowner or visitor notices immediately.
- December’s full moon is called the Cold Moon
Named by Native American and colonial traditions, this moon marks the longest nights and the coldest period of the year. In Mammoth, it’s a beautiful backdrop for winter nights and can add extra atmosphere to holiday or property photos.
- Snow is mostly air
Despite looking solid, snow can be up to 90% air. This is why it’s light and fluffy when freshly fallen, yet packs tightly enough for skiing, snowboarding, and snow sports.
Reported Total Snowfalls at Mammoth Mountain (Source: “On the Snow”)
Single-Family Homes Market Overview
As we enter December 2025, the median sales price for single-family homes in Mammoth Lakes is holding firm month over month. In 2024, the median sale price was $1,300,000 from 57 transactions. So far in 2025, the median remains $1,300,000, supported by 61 closed sales to date. November contributed 6 sales to that total.
Single-Family Residential History Mammoth Lakes
Here’s a summary of median prices, average prices, and sales over the years:
The graph below is a representation of the median single-family home pricing reflecting the table above:
Median Home Pricing Trends
The chart below shows month-to-month movements in median pricing for single-family homes across 2024 and 2025. While the overall trajectory in 2024 was downward, February 2025 marked a sharp increase, influenced by multiple luxury sales above $3 million. November closed with a median of $1,300,000 from only six sales, underscoring how low transaction counts can create pronounced shifts in median price.
Inventory Levels
Price Per Square Foot
Median price per square foot is a strong indicator of long-term market direction. The chart below illustrates how this metric has trended from 2014 through the present, offering a clear view of how single-family home values have evolved over the last ten years.
Over the decade from 2015 to 2025, median price per square foot has trended upward, though small dips occurred in 2023 and 2024.
Condominium Market Overview
In 2024, the median sales price for condominiums in Mammoth Lakes was $725,000. As of December 1, 2025, the median has risen to $785,000. This year-over-year increase aligns with last month’s figures, indicating a continued upward trend with early signs of stabilization.
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:
The chart below illustrates monthly changes in median condominium sale prices from November 2024 to the present. Overall, the market has been somewhat volatile, influenced by seasonal patterns, limited sales volume, and occasional high-end transactions. While median prices remain higher than mid-2024 levels, recent months indicate a stabilizing trend in the mid-$700,000 to low-$800,000 range.
Inventory Levels
Active condominium listings decreased to 96 units compared with last month. Although inventory levels have remained relatively steady in recent months, this decline is likely due to the close of the active summer selling season.
Price Per Square Foot for Condominiums
Here is a summary of the median price per square foot for condominiums:
Below is a representation of the table above:
Vacant Residential Land Market
After a strong 2023, the median land price in Mammoth Lakes dropped sharply in 2024, falling 28.4% to $340,000. So far in 2025, the market is showing signs of a modest recovery, with the median climbing 2.94% to $350,000. While this uptick is encouraging, overall prices remain well below the highs of 2023, and price per square foot has also declined. November 2025 saw just 3 land sales, highlighting the continued limited activity in this segment of the market.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above:
Featured Listings
Want a condo in the heart of all that Mammoth has to offer? Then you need to be in the beautiful Village at Mammoth! This 2 bed, 2 bath unit is located near the impressive main entrance and front desk where a concierge and full staff can help with all of your vacation needs.
Listed at $1,025,000
Beautifully renovated 2-bedroom, 2 bath condo with a garage, that’s walking distance to Mammoth Mountain’s Canyon Lodge! This is the most popular 2-bedroom floor plan, with bedrooms and en-suite baths on opposite sides of the condo, and an open-concept living area in between.
This condo also comes with FOUR ski lockers just outside your door and a garage to protect your car from winter storms downstairs.
Listed at $659,000
Beautifully remodeled 4 bedroom, 2.25 bath home that is walking distance to tons of downtown Mammoth amenities! So much style and space, both inside and out, from the gorgeous herringbone tile entry to the extended deck that wraps around the unit.
Listed at $950,000
Formerly Slocums Grill and Bar, operated for more than 33 years; One of the best restaurant locations in Mammoth Lakes, situated on the south site of Main Street with 100 feet of frontage. High demand for restaurants in Mammoth. Mammoth Has lost over 8 restaurants to new development, leaving a void for quality dining.
Listed at $1,250,000
