MAMMOTH LAKES
MARKET TRENDS REPORT
January 2026
Single-Family Homes Market Overview
In 2025, sales activity ticked up compared to 2024, but prices remained flat, with the median price holding steady at $1.3M and no year-over-year growth. At the same time, average days on market increased significantly, signaling softer demand and a market that favors patient buyers and well-priced listings.
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
In 2025, monthly median prices were volatile, with sharp spikes in February and June followed by pullbacks, reflecting uneven demand and a limited number of high-end sales driving swings. Overall pricing trended sideways through the second half of the year, suggesting a stabilizing market rather than continued appreciation.
Inventory Levels
Price Per Square Foot
Single-family home price per square foot rose dramatically from 2020 through 2022, reflecting peak pandemic-era demand and limited inventory. Since then, pricing has stabilized, with 2025 showing a modest rebound above 2024 but still below the 2022 peak.
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
Median prices climbed steadily over the long term, with the strongest growth occurring in 2017–2018 and again from 2020–2022, reflecting periods of heightened demand and faster market conditions. In 2025, prices rebounded after a slight dip in 2024, while rising days on market point to a more normalized, less frenetic market environment.
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:
In 2025, median sale prices were uneven throughout the year, dipping in spring and early summer before stabilizing in the $780K–$835K range through fall. A sharp spike in December highlights how a small number of higher-end closings in Limelight impacted monthly medians in a low-volume market.
Inventory Levels
Active condominium listings decreased to 81 units compared with last month. Although inventory levels have remained relatively steady in recent months, this decline is primarily 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
This segment shows extreme volatility over time, with sharp price swings driven by low sales volume and shifting demand, including major gains in 2018 and 2023 followed by pullbacks. In 2025, median pricing stabilized with modest growth and reduced days on market compared to 2024, suggesting a healthier and more balanced market despite fewer transactions.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above:
Featured Listings
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
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
