MAMMOTH LAKES
MARKET TRENDS REPORT
March 2025
Single-Family Homes Market Overview
The median price for single-family homes in Mammoth Lakes is showing slight increases in 2025 compared to 2024. The median price in 2024 was $1,300,000, based on 57 home sales and current year-to-date median prices are $1,350,000, but this is based on only 7 sales thus far. Sales in February were slightly higher than January.
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 graph below reflects monthly changes in median home prices for 2024 and 2025. Prices generally declined through 2024, but February 2025 is seeing a notable spike, attributed to several sales over $3,000,000.
Below is a summary of available (active) home listings at the beginning of each respective month:
Inventory Levels
Current single family home inventory is 16 units. This is lower than observed last month and a continuation of a declining inventory trend.
Price Per Square Foot
The price per square foot provides a unique perspective on market trends. Below is a summary of the median price per square foot for single-family homes from 2012 to present:
The median price per square foot has increased from 2014 to 2025, with slight dips observed in 2023 and 2024.
Condominium Market Overview
The median price for a condominium in Mammoth Lakes in 2024 was $725,000. As of March 1, 2025, the median price for a condominium home spiked to $949,500. This increase is attributed to a number of new condominium sales in “Obsidian” driving the condominium market.
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 Median price of condominiums is currently consistent with historic patterns, however pending sales in “Obsidian” may skew the median prices upward next month, at least short term, as these new condominiums are selling over $2,000,000 per unit.
Inventory Levels
Active condominium listings peaked in September 2024 with 98 properties. While inventories have been holding steady, current inventories of condominiums are rather high in comparison the past three months.
Price Per Square Foot for Condominiums
Here’s a summary of the median price per square foot for condominiums: 
Below is a representation of the table above:
Vacant Residential Land Market
In 2024, 23 residential land sales occurred in Mammoth, with a median price per square foot of $39. In 2025, 18 sales reached a year-to-date, with the median price per square foot rising to $42. Year-to-date prices per foot are based on only two sales.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above: 
Featured Listings
Beautifully remodeled turnkey condo in downtown area with one bedroom and a loft, with two bathrooms. The kitchen has granite slab counters, newer floors and cabinets. Freestanding pellet stove in living room, state of the art kitchen with a great entertaining feel. Offered at $540,000.
Ground Floor Commercial/Retail space in the The Plaza Center, located adjacent to the Vons shopping center. This space has high ceilings and open. East facing with views of Mammoth Mountain. This suite has a private bathroom and storage closet at the eastern edge of the suite. The rent outlined herein is $3,625 per month.
This home boasts a fully landscaped yard and an expansive back deck, ideal for après-ski relaxation in the hot tub or summer and fall entertaining. The deck features a cozy fire pit,a grill, and enchanting party lights that add a welcoming touch. A serene water feature enhances the inviting front deck. Inside, the open layout includes a charming mudroom entry, a basic laundry room, and a designer’s kitchen that is perfect for entertaining friends and family. Four bedrooms with a loft and three and a half baths. Three bedrooms have their own ensuite bathroom.
