MAMMOTH LAKES
MARKET TRENDS REPORT
November 1, 2025
Single-Family Homes Market Overview
As of November 1, 2025, the median price for single-family homes in Mammoth Lakes was lower than last month. In 2024, the median price was $1,300,000, based on 57 home sales. Year-to-date figures for 2025 indicate a median price of $1,300,000, derived from 55 sales. The month of October recorded 9 home sales.
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 illustrates monthly fluctuations in median single-family home prices for 2024 and 2025. Throughout 2024, prices generally trended downward. However, February 2025 experienced a significant uptick, primarily due to several high-end sales exceeding $3 million. In October, the median price reached $1,300,000. This figure is based on 9 transactions, highlighting the impact that limited volume can have on monthly median prices.
Below is a summary of available (active) home listings at the beginning of each respective month:
Inventory Levels
The inventory of single-family homes decreased somewhat in comparison to last month, reaching 26 active listings. This trend aligns with national patterns, affording buyers more options and reducing competitive pressure.
Price Per Square Foot
Analyzing the median price per square foot offers valuable insights into long-term market trends. The chart below presents the median price per square foot for single-family homes from 2014 to the present, illustrating how home values have evolved over the past decade.
The median price per square foot has increased from 2014 to 2025, with slight dips observed in 2023 and 2024.
Condominium Market Overview
In 2024, the median sales price for condominiums in Mammoth Lakes was $725,000. As of November 1, 2025, this figure has risen to $782,500. While this represents a year-over-year increase, it’s consistent with the previous month’s figures. The current median price suggests an ongoing upward trend, with some signs of stabilizing.
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 reflects monthly fluctuations in median condominium sale prices from September 2024 through present. Overall, the data shows a volatile market with a mix of seasonal shifts, low sales volume influence, and one-off high-end transactions.
Median prices remain elevated compared to mid-2024, but recent months suggest a stabilizing trend around the mid-$700,000s to low-$800,000s range.
Inventory Levels
Active condominium listings decreased to 107 units compared with last month. While inventories have been holding steady over recent months, the decline in inventory is likely attributed to the end 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
In 2024, the median land price dropped sharply by 28.4% to $340,000, reflecting a significant decline after a strong 2023. However, as of year-to-date 2025, the market shows modest recovery, with a 5.59% increase in the median price to $312,500. Overall pricing remains well below 2023 levels, and price per square foot has decreased. There were 2 land sales in the month of October 2025.
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
Arguably, the most unique property in Mammoth Lakes. Lakefront, fee simple ownership, and is surrounded by expansive Forest Service lands. The 1.72-acre property is zoned Resort (R), offering many existing and potential uses: general store, weddings, boat rentals, and potential for lodging and restaurant operations. Seasonal water rights may exist.
Listed at $3,100,000
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
