MAMMOTH LAKES
MARKET TRENDS REPORT
May 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. Current year-to-date median prices are $1,400,000 and this is based on 21 sales thus far.
Single-Family Residential History Mammoth Lakes
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 saw a notable spike, attributed to several sales over $3,000,000. Sales in April have shown a return to what appears to be a more stable price trend.
Below is a summary of available (active) home listings at the beginning of each respective month:
Inventory Levels
The current single family home inventory is 13 units available for purchase. This is lower than observed last month and a continuation of a declining inventory trend, this is the opposite of what we are seeing in the condominium market.
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 2014 to present:
The overall median price per square foot has increased from 2015 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 May 1, 2025, the median price for a condominium home was $864,500, which is 19.24% higher than observed in all of 2024.
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 continuing to increase and is consistent with increases in the median single family home prices. What is interesting is that median condominium prices are increasing while inventory levels are also increasing.
Inventory Levels
Active condominium listings peaked in September 2024 with 98 properties, but current inventory levels are quickly rising and approaching the highs for the past 12-month period. Inventory levels have increased 21% in the past month and 64% year-to-date. For comparison, inventory levels in May of last year were at 55.
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, there were 18 residential land sales that occurred in Mammoth, with a median price per square foot of $39. Year-to-date 2025, there have been 6 sales, representing a median price per square foot of only $32.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above: 
Featured Listings
Two contiguous units that can be purchase together or separately, the listing price of $347,000 reflects purchasing unit together. If purchased individually, the price per unit is $200,000. Units may also be leased for $2,500 per unit per month. The Seller may carry, subject to negotiable terms. Both units are ground level units with mountain views and great sun exposure to the south. Listed at $347,000.
Bright and updated, 2-bedroom condo, less than half a mile from the chair lifts at Canyon Lodge! This lovely, two-story floor plan has an open main floor with entertaining space in the kitchen, dining, and living rooms. Enjoy your sunny, south-facing balcony with views of Mammoth Mountain Ski Area right off the dining room. Listed at $595,000
Ground Floor Commercial/Retail space in the Plaza Center, located adjacent to the Vons shopping center. This space has high ceilings and 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. Four bedrooms with a loft and three and a half baths. Three bedrooms have their own ensuite bathroom. Listed at $1,870,000
